
Los Angeles, California 90039
This Modernized Single-Family Residence represents a High-Potential Investment Opportunity, listed at $899,000—positioned well below the $935,628 Fair Market Value by 3%. This valuation gap provides $36,628 in Instant Equity. Featuring a Condition Rating of 3, the home includes a fully electric infrastructure, Zoning R2, and a large deck. Its prime location offers exceptional walkability to local cafes and the river path. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term development potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2646 Rich Street Subject 3 bd · 1 ba · 1,012 sqft · $925 | $899,000* List Price | 3 | 1 | 1,012 | $925 | - |
A 2651 Pirtle Street Sold 3 bd · 2 ba · 1,028 sqft · $866 · 0.1 mi | $890,000 | 3 | 2 | 1,028 | $866 | 0.1 mi |
B 2449 Riverside Place Sold 2 bd · 2 ba · 1,290 sqft · $887 · 0.6 mi | $1,144,000 | 2 | 2 | 1,290 | $887 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1952, the property has been significantly updated with modern systems including a fully electric backbone, mini-split HVAC, and a heat pump water heater. The interior features well-maintained hardwood floors and a functional, tidy kitchen with a modern induction stove. It is move-in ready and well-maintained, though the kitchen/bath aesthetics suggest a renovation older than 5 years.
The home features a fully electric infrastructure, including a multi-zone mini-split HVAC system, induction cooking, and a heat pump water heater, offering superior energy efficiency and modern utility.
Situated in a highly desirable pocket of Los Angeles, the property is steps from the LA River path and popular local staples like Lumen Coffee and Wax Paper, providing a premier urban lifestyle.
The generous 5,445 sqft lot is zoned R2, offering significant long-term value and the rare opportunity to build a second unit or expand the existing footprint in a high-demand area.
With three bedrooms but only one bathroom, the current configuration may be a significant drawback for families or those who frequently host guests, likely requiring future renovation.
At just 1,012 square feet for a three-bedroom layout, the individual rooms and common living areas are relatively small, which may feel restrictive for buyers seeking more spacious interiors.
There is an easy, unpretentious feel to this mid-century home. Hardwood floors run underfoot, warm light settles into the corners, and the straightforward design of its era gives the whole place a cheerful, genuinely pleasant air.Three bedrooms and a single bath are efficient and tidy, but the real story is how this home works. The owners went fully electric, giving the home a modern, efficient backbone. A mini split system adjusts room by room, an induction stove anchors the kitchen, and a heat pump water heater handles the basics without a second thought.Out the back door, the lot opens up and feels surprisingly huge for the neighborhood. Zoned R2, it carries obvious long-term options, but for now it is simply generous, open ground. A large deck was built for easy outdoor dinners, weekend gatherings, or lingering as the sun goes down. Farther out in the yard, an infrared sauna adds a private wellness ritual, right at home.Life here centers on walking. Lumen Coffee sits steps from the front door, ready for the first cup of the day, and the river path is right there for evening air. A short wander down the block leads to Loreto, Justine's, Wax Paper, Just What I Kneaded, and Spoke, turning the neighborhood into an easy backdrop for slow afternoons and evening adventures with friends.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-6 • 0.5 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,012 | 1,675.469 |
| Lot Size | 5,445 | 6,126.393 |
| Price | $899.0K | $1.34M |
| Price per sq ft | $888 | $800 |
| Built year | 1952 | 1941 |
| HOA | $0 | $262 |
| Days on market | 9 | 56 |
Oct 15, 2026
$899,000
Initial Listing
Mar 12, 2008
$470,000
Public Record