2663 Loosmore, Los Angeles, California 90065, Los Angeles, 90065 - 2 bed, 1 bath
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2663 Loosmore
Los Angeles, California 90065
ACTIVE
CONDITION: POOR
2Beds
1Baths
1,364Sq Ft
5,380Lot Size
Property Price
LIST PRICE$750,000
EST. MARKET VALUE
$703,694
6% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $750,000—positioned above the $683,240 Fair Market Value by 9%. While the price reflects a premium, the versatile three-unit configuration provides immediate rental income and significant repositioning potential. With a Condition Rating of 5, the property requires a full rehab, making it a strategic asset for Buy-and-Hold Investors or Owner-Occupants looking to house-hack. The property features a private patio and distant mountain views, offering long-term value in a high-demand Los Angeles location.
Estimated Market Value
$703,694
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2663 Loosmore Subject | $750,000* List Price | 2 | 1 | 1,364 | $516 | - |
A 3324 Thorpe Sold | $580,000 | 2 | 1 | 912 | $636 | 0.2 mi |
B 3230 Huron Street Sold | $597,000 | 3 | 2 | 1,201 | $497 | 0.6 mi |
C 1736 Kilbourn Street Sold | $725,000 | 3 | 2 | 1,500 | $483 | 0.7 mi |
D 3456 Division Sold | $750,000 | 3 | 2 | 1,512 | $496 | 0.9 mi |
E 2813 Silver Street Active | $835,000 List Price | 3 | 2 | 1,310 | $637 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Originally built in 1906, this property shows signs of dated renovations likely exceeding 30 years. The kitchen and bathrooms are functional but outdated, and the use of window AC units indicates a lack of modern central HVAC systems. The 'as-is' sale condition, cracked exterior concrete, and 'repositioning potential' description suggest significant deferred maintenance and the need for a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
The property features a versatile three-unit configuration (3BR/2BA, 2BR/1BA, and 1BR/1BA), providing immediate rental income and excellent long-term repositioning potential for investors.
- Strategic Location
Situated in the high-demand Cypress Park/Glassell Park area, the property offers exceptional proximity to Downtown Los Angeles, Pasadena, Glendale, and major transportation hubs.
- Vacant Primary Residence
The front 3-bedroom home will be delivered vacant at the close of escrow, allowing an owner-user to move in immediately or an investor to lease at current market rates.
CONSRISKS & DEFICIENCIES
- As-Is Condition
The property is being sold in as-is condition and dates back to 1906, suggesting a likely need for significant capital investment in repairs and modernization.
- Due Diligence Requirements
Buyers must independently verify all permits and unit configurations, which may indicate complexities regarding the legal status or square footage of the additional rear units.
About 2663 Loosmore
Exceptional investment opportunity in the desirable Cypress Park/Glassell Park area.ZIMAS indicates property is not subject to the Los Angeles City Rent Stabilization Ordinance (RSO). Buyer and buyer’s agent to independently verify all information, including applicable tenant protections, rental regulations, permits, zoning, and legal status of all existing units. Property includes two additional unpermitted units. The rear portion of the property includes two additional units: one 2-bedroom, 1-bath unit and one 1-bedroom, 1-bath unit (see private remarks for additional details regarding rear units). Property is being sold as-is. Front house to be delivered vacant at close of escrow. Conveniently located with easy access to major freeways, Downtown Los Angeles, Pasadena, Glendale, and public transportation. Buyer and buyer’s agent to independently verify all information, including permits, unit configuration, square footage, and property usage through their own inspections and due diligence. Please do not disturb tenants.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1906
- Lot Size
- 5,380 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Aragon Avenue Elementary School
Grades K-5 • 0.2 mi
2/10
Dorris Place Elementary School
Grades K-6 • 0.7 mi
7/10
Loreto Street Elementary School
Grades K-5 • 0.7 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,364 | 1,664.159 |
| Lot Size | 5,380 | 6,066.556 |
| Price | $750.0K | $1.35M |
| Price per sq ft | $550 | $806 |
| Built year | 1906 | 1939 |
| HOA | $0 | $278 |
| Days on market | 37 | 55 |
Pricing History
Listed for Sale
Aug 3, 2026
$750,000
Initial Listing
Sold
Aug 23, 2000
$191,000
Public Record