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2663 Loosmore Street, Los Angeles, California 90065, Los Angeles, 90065 - 2 bed, 1 bath

2663 Loosmore Street, Los Angeles, California 90065 home-pic-0
ACTIVE$879,000
2663 Loosmore Street, Los Angeles, California 90065
2Beds
1Bath
1,364Sqft
5,380Lot
Year Built
1906
Close
-
List price
$879K
Original List price
$879K
Price/Sqft
$644
HOA
-
Days on market
-
Sold On
-
MLS number
SR25077574
Home ConditionPoor
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 6% below the list price. We found 3 Cons,5 Pros. Rank: price - $879.0K(17th), sqft - 1364(40th), beds - 2(35th), baths - 1(21th).

This remarkable investment property in Cypres park-Glessell park area ideal for visionaries and investors alike. The front house features 3 bedrooms, 2 bathroom, back unit 2 bedrooms 1 bath, another unit 1 Bedroom, 1 bath. see privated remarks for more information about the 2 units,Property is sold as is conditions, front house will be delivery vacant at COE. Easy freeway access and minutes to Down Town Los Angeles, Pasadena, Glendale, public transportation. Buyer & their agent shall accept full responsibility to independently verify the accuracy of all information, including but not limited to any permits and uses, bed/bath counts, and square footage through their own research and personal inspections with appropriate professionals.

Nearby schools

2/10
Aragon Avenue Elementary School
Public,•K-5•0.2mi
7/10
Dorris Place Elementary School
Public,•K-6•0.7mi
4/10
Loreto Street Elementary School
Public,•K-5•0.7mi
4/10
Glassell Park Elementary School
Public,•K-6•1.0mi
2/10
Hillside Elementary School
Public,•K-5•1.0mi
3/10
Albion Street Elementary School
Public,•K-6•1.7mi
5/10
Florence Nightingale Middle School
Public,•6-8•0.6mi
6/10
Irving STEAM Magnet
Public,•6-8•1.9mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•1.9mi

Price History

Date
Event
Price
04/08/25
Listing
$879,000
08/23/00
Sold
$191,000
Condition Rating
Poor
Built in 1906, this property shows significant age and requires substantial rehabilitation. The kitchen features very dated wood cabinets, white appliances, and laminate countertops, suggesting renovations were done 30-50 years ago. The bathroom is also very outdated with older tile and vanity. While functional, the property's systems and aesthetics are well past their prime, and the 'sold as is' condition, coupled with the description as an 'investment property ideal for visionaries,' indicates a need for major updates and repairs to bring it to modern standards.
Pros & Cons

Pros

Multi-Unit Income Potential: The property features three distinct units (3 bed/2 bath, 2 bed/1 bath, 1 bed/1 bath), providing diversified rental income streams and strong potential for investors.
Strategic Urban Accessibility: Boasts easy freeway access and close proximity to major employment and entertainment hubs like Downtown Los Angeles, Pasadena, and Glendale, enhancing tenant appeal and property value.
Immediate Vacant Possession (Main Unit): The primary 3-bedroom, 2-bathroom front house will be delivered vacant at COE, offering immediate flexibility for owner-occupancy or renovation and re-tenanting without eviction hassles.
High Investment Appeal: Explicitly marketed as a 'remarkable investment property' and 'ideal for visionaries and investors,' signaling strong potential for value-add strategies and appreciation.
Desirable & Evolving Neighborhood: Located in the Cypress Park-Glassell Park area, a growing and sought-after community in Los Angeles, which contributes to long-term property demand and value.

Cons

As-Is Sale Condition: The property is explicitly sold 'as is,' indicating that buyers assume full responsibility for any necessary repairs, renovations, or unforeseen issues, potentially leading to significant additional costs.
Historic Property Challenges: Built in 1906, the property is over a century old, suggesting the likelihood of outdated infrastructure, systems (plumbing, electrical), and potential for substantial deferred maintenance requiring capital investment.
Buyer Due Diligence Burden & Information Ambiguity: Buyers are solely responsible for independently verifying all property details, including permits, unit counts, and square footage, which is critical given the multi-unit nature and potential discrepancy in the listed 1364 sqft for three units.

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