2901 Elm Street, Los Angeles, California 90065, Los Angeles, 90065 - 3 bed, 2 bath
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Los Angeles, California 90065
This property presents a High-Potential Investment Opportunity with a List Price of $850,000—positioned above the $771,406 Fair Market Value by 10%. While the property requires significant capital investment due to its Condition Rating of 5, the R2 Zoning and 5,001 sqft lot provide substantial upside for ADU development or expansion. The long driveway offers rare parking for 4 vehicles in a prime Cypress Park location. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a value-add project in a high-demand neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2901 Elm Street Subject | $850,000* List Price | 3 | 2 | 1,008 | $765 | - |
A 2617 Thorpe Avenue Sold | $700,000 | 2 | 1 | 768 | $911 | 0.6 mi |
B 3319 Thorpe Avenue Sold | $761,000 | 3 | 1 | 1,220 | $624 | 0.6 mi |
C 3324 Thorpe Active | $789,000 List Price | 2 | 1 | 912 | $865 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1911 with no mention of recent renovations to kitchens, baths, or systems. The listing description uses industry keywords for a fixer-upper such as 'opportunity and potential' and 'bring your vision to life,' indicating the property likely requires a full rehab and has significant deferred maintenance.
The property is situated on an R2-zoned lot, providing a significant opportunity for future expansion or the addition of an ADU, maximizing the land's value and utility.
Located in the highly sought-after Cypress Park neighborhood, the home is just one block from a park and minutes away from the vibrant dining and creative scenes of Highland Park and DTLA.
A long driveway capable of accommodating up to four vehicles is a rare and valuable asset in this densely populated urban area of Los Angeles.
At just 1,008 square feet for a three-bedroom configuration, the interior living spaces may feel constrained and lack the openness desired by modern buyers.
Built in 1911 and marketed as a property with 'potential,' the home likely requires substantial capital investment to update its aging infrastructure and finishes.
Welcome to this charming Cypress Park home filled with opportunity and potential. Offering 3 bedrooms, 2 bathrooms, and 1,008 square feet of living space, this single family residence sits on an R2 zoned lot with exciting possibilities for future expansion or an ADU, subject to buyer verification and city requirements. A long driveway provides parking for up to 4 vehicles, while the spacious lot offers plenty of room to bring your vision to life. Ideally located just one block from a neighborhood park, this property places you in the heart of one of Northeast Los Angeles' most sought after communities. Enjoy tree lined streets, local coffee shops, popular dining destinations, and a growing creative scene. Elysian Park, Highland Park, Atwater Village, and Downtown Los Angeles are all just minutes away, providing exceptional convenience and accessibility. Whether you are looking to personalize, expand, invest, or create your dream home, this property presents a rare opportunity in a prime location.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-5 • 0.5 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,008 | 1,672 |
| Lot Size | 5,001 | 6,067 |
| Price | $850.0K | $1.37M |
| Price per sq ft | $843 | $801 |
| Built year | 1911 | 1939 |
| HOA | $0 | $348 |
| Days on market | 44 | 56 |
Jun 8, 2026
$850,000
Initial Listing
Apr 17, 2009
$153,000
Public Record