
Los Angeles, California 90018
This 1923 High-Potential Investment Opportunity is listed at a List Price of $838,000, which is slightly above the $824,318 Fair Market Value. While the property requires modernization, it features owned solar panels, partial copper plumbing, and a versatile floor plan with a dedicated office. Given its Fair Condition Rating, the home offers significant upside for value-add renovations. Its strategic location near the Metro Line and USC makes it a compelling asset for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through strategic updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2623 Obama Boulevard Subject | $838,000* List Price | 3 | 2 | 1,462 | $564 | - |
A 3667 Cimarron Sold | $600,000 | 3 | 1 | 1,134 | $529 | 0.5 mi |
B 3613 S Gramercy Place Sold | $699,000 | 2 | 1 | 1,176 | $594 | 0.6 mi |
C 2256 W 28th Street Sold | $810,220 | 4 | 2 | 1,788 | $453 | 0.9 mi |
D 2850 S Norton Ave Sold | $842,000 | 2 | 1 | 1,418 | $594 | 0.8 mi |
E 2912 W 30th Sold | $780,000 | 2 | 2 | 1,352 | $577 | 0.6 mi |
F 2384 W 30th Active | $820,000 List Price | 3 | 2 | 1,443 | $568 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1923, the home is well-maintained but significantly dated. The kitchen features a 1970s-style drop ceiling and older cabinetry/countertops (30+ years old). Systems appear dated with visible wall heaters rather than central HVAC, and while solar panels are a plus, the interior requires a full cosmetic and systems modernization.
The property includes owned solar panels and partial copper plumbing, offering immediate value and long-term savings on utility and maintenance costs.
With three spacious bedrooms plus a dedicated office and a primary suite featuring a walk-in closet and double vanity, the layout is highly functional for modern needs.
The home is ideally situated with convenient access to the Metro Line, USC campus, and major freeways, making it a prime spot for commuters and urban professionals.
Built in 1923, the property may require ongoing maintenance or further updates to aging systems typical of homes from this era.
The lot size of 4,479 square feet is relatively compact, which may limit options for significant expansion or large-scale landscaping projects.
This great property offers a living room with wood fireplace, dining area and a kitchen. There is a dedicated laundry room that leads to the side yard. Huge primary bedroom with walk-in closet and full bath with double vanity. There are 2 additional spacious bedrooms, 1 full bath and an office that leads to the backyard. Charming backyard with open patio which is perfect for entertaining or relaxing. There is a 2-car garage and extra parking on the driveway. Partial copper plumbing and solar panels (owned) are some additional features that his house has to offer. Convenient access to Metro Line and freeways. Minutes to USC campus, museum, parks, major stores, restaurants and entertainment. Must See!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,462 | 1,621 | 36% |
| Lot Size | 4,479 | 5,810.5 | 11% |
| Price | $838.0K | $962.5K | 41% |
| Price per sq ft | $573 | $586 | 48% |
| Built year | 1923 | 1914 | 61% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 159 | 2% |
May 26, 2026
$838,000
Initial Listing
Apr 14, 2000
$165,000
Public Record
Apr 21, 1995
$160,000
Public Record