2663 Loosmore Street, Los Angeles, California 90065, Los Angeles, 90065 - 2 bed, 1 bath
Loading property details...
Los Angeles, California 90065
This Multi-Unit Value-Add Asset is listed at $859,000, which reflects a premium over the $759,061 Fair Market Value due to its rare three-unit configuration in the high-demand Cypress Park area. Featuring a vacant 3-bedroom front home and two rear units, the property offers significant rental upside. With a Condition Rating of 5, the 1906-built structure requires substantial rehabilitation to modernize its dated interiors and patio space. This is a strategic acquisition for Buy-and-Hold Investors or Contractors looking to capitalize on the Los Angeles market near Florence Nightingale Middle.
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.
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 The bathrooms are extremely outdated, highlighted by a pink bathtub and 70s/80s-style tile work and vanities.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.
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.
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.
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.
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.
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.
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.
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.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-6 • 0.7 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 26% |
| Baths | 1.0 | 2.5 | 17% |
| Square foot | 1,364 | 1,660.5 | 31% |
| Lot Size | 5,380 | 5,769.5 | 40% |
| Price | $859.0K | $1.24M | 17% |
| Price per sq ft | $630 | $763 | 21% |
| Built year | 1906 | 1951 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 172 | 174 | 49% |
Nov 3, 2025
$859,000
$879,000
-2% Price Drop
Initial Listing
Nov 1, 2025
$879,000
Initial Listing
Aug 23, 2000
$191,000
Public Record