2663 Loosmore Street, Los Angeles, California 90065, Los Angeles, 90065 - 2 bed, 1 bath
2663 Loosmore Street
Los Angeles, California 90065
Property Price
SUMMARY
Analysis of 2663 Loosmore Street, Los Angeles, California 90065 reveals a property with a current list price of $859,000, which is 13% above the estimated $759,061 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2663 Loosmore Street Subject | $859,000* List Price | 2 | 1 | 1,364 | $556 | - |
A 3319 Thorpe Avenue Sold | $761,000 | 3 | 1 | 1,220 | $624 | 0.2 mi |
B 3531 N Figueroa Active | $799,000 List Price | 4 | 2 | 1,401 | $570 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1906 and sold 'as-is,' this property requires substantial rehabilitation. The kitchen features very dated honey oak cabinets, dark speckled countertops, and old white appliances including an electric coil range. The bathrooms are extremely outdated, highlighted by a pink bathtub and 70s/80s-style tile work and vanities. Throughout the visible areas, the flooring consists of dated ceramic tiles and ceilings are popcorn. While appearing functional, the property's aesthetic and major components are significantly past their prime, necessitating extensive renovations to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
The property features three distinct units (3-bed/2-bath, 2-bed/1-bath, 1-bed/1-bath), presenting a significant income-generating opportunity for investors.
- Strategic Location & Accessibility
Situated in the desirable Cypress Park-Glassell Park area, offering convenient freeway access and proximity to major employment hubs like Downtown LA, Pasadena, and Glendale, enhancing tenant appeal.
- Vacant Main Unit for Flexibility
The primary 3-bedroom, 2-bathroom unit will be delivered vacant, providing immediate flexibility for an owner-occupant or the ability to secure market-rate tenants.
CONSRISKS & DEFICIENCIES
- As-Is Sale & Property Age
Being sold 'as-is' and built in 1906, the property likely requires substantial capital investment for necessary repairs, upgrades, and modernization, posing a financial burden.
- Unverified Unit Configurations/Permitting Risk
The listing advises buyers to verify 'permits, unit configurations, square footage, and usage,' indicating potential issues with unpermitted units or non-conforming use, which could lead to legal or financial complications.
- Listed Above Estimated Market Value
The current listing price is 7% above the property's estimated value, suggesting it may be overpriced relative to its current condition and market comparables, potentially limiting immediate equity.
About 2663 Loosmore Street
Exceptional Investment Opportunity in Cypress Park–Glassell Park Area Discover this remarkable income-producing property, perfect for investors and visionaries alike. The front home features 3 bedrooms and 2 bathrooms, offering a spacious and comfortable living area. Behind it, you’ll find two additional units: one with 2 bedrooms and 1 bathroom, and another with 1 bedroom and 1 bathroom. (See private remarks for more details regarding the rear units.) The property is being sold as-is, with the front house to be delivered vacant at the close of escrow. Conveniently located with easy freeway access and just minutes from Downtown Los Angeles, Pasadena, Glendale, and major public transportation routes. Buyer and buyer’s agent are advised to independently verify all information, including but not limited to permits, unit configurations, square footage, and usage, through their own due diligence and inspections with appropriate professionals.
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
Dorris Place Elementary School
Grades K-6 • 0.7 mi
Loreto Street Elementary School
Grades K-5 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 28% |
| Baths | 1.0 | 2.0 | 18% |
| Square foot | 1,364 | 1,652 | 29% |
| Lot Size | 5,380 | 5,572.5 | 46% |
| Price | $859.0K | $1.25M | 13% |
| Price per sq ft | $630 | $795 | 18% |
| Built year | 1906 | 1948 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 125 | 156 | 29% |
Pricing History
Listed for Sale
Nov 3, 2025
$859,000
$879,000
-2% Price Drop
Initial Listing
Price Change
Nov 1, 2025
$879,000
Initial Listing
Sold
Aug 23, 2000
$191,000
Public Record