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2906 Los Olivos, La Crescenta, California 91214, La Crescenta, 91214 - 2 bed, 1 bath

2906 Los Olivos, La Crescenta, California 91214 home-pic-0
ACTIVE$999,000$995/sqft
Est. Value: $1,002,686
%
FairlyEstimate
2906 Los Olivos, La Crescenta, California 91214
2Beds
1Bath
995Sqft
5,791Lot

Price Vs. Estimate

The estimated value ($1,002,686.17) is $3,686.17 (0%) lower than the list price ($999,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income-Generating ADU: The property includes a newly converted, detached 1-bedroom, 1-bathroom ADU with a private entrance, offering excellent potential for rental income, guest accommodation, or a dedicated home office.
Top Cons:
Main Home Square Footage: The main residence is relatively compact at 995 sqft with 2 bedrooms and 1 bathroom, which may be a limiting factor for buyers desiring more spacious primary living areas.

Compared to the nearby listings

Price:$999.0K vs avg $1.33M ($-327,000)13%
Size:995 sqft vs avg 1,615 sqft8%
Price/sqft:$1.0K vs avg $79584%

More Insights

Built in 1949 (77 years old).
Condition: Despite being built in 1949, this property has undergone extensive and recent renovations, including a newly converted ADU. The main house features new LVP flooring throughout, recessed lighting, central A/C and heating, and a modern fireplace. Both the main kitchen and ADU kitchen boast new cabinetry, modern appliances, and contemporary finishes. The bathrooms are also fully updated with modern vanities, fixtures, and stylish elements. All components appear virtually new, meeting current quality standards with no visible deferred maintenance.
Year Built
1949
Close
-
List price
$999K
Original List price
$999K
Price/Sqft
$1,004
HOA
-
Days on market
-
Sold On
-
MLS number
GD25280489
Home ConditionExcellent
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

Tucked away in a quiet, desirable pocket north of Foothill Blvd, this thoughtfully updated 2-bedroom, 1-bath residence sits within the award-winning La Crescenta school district. A long driveway leads to a detached two-car garage that has been converted into a new ADU with its own 1 bedroom and 1 bathroom, offering its own private entrance (square footage not included in the main home).Making it ideal for guests, rental income, or dedicated home office.Ensuring privacy and independence for both living spaces. The home offers a warm, inviting feel from the moment you arrive. New hardwood floors flow through the living room and primary bedroom, where a modern fireplace and abundant natural light from the patio create a calm ambiance. Recessed lighting, refined moldings, and central A/C and heating add to the home’s comfort and appeal. The spacious kitchen features new cabinetry connects conveniently to the laundry room. Two inviting bedrooms and a well-appointed bathroom are situated off a central hallway. Step outside to a serene patio with views of the Verdugo Mountains. This is a rare opportunity offering flexibility, style, and value and it won’t last long.

M
Meghmick Hazarmaliyan
Listing Agent

Price History

Date
Event
Price
07/12/18
Sold
$720,000
01/10/13
Sold
$480,000
09/01/06
Sold
$655,000
06/27/05
Sold
$630,000
Condition Rating
Excellent
Despite being built in 1949, this property has undergone extensive and recent renovations, including a newly converted ADU. The main house features new LVP flooring throughout, recessed lighting, central A/C and heating, and a modern fireplace. Both the main kitchen and ADU kitchen boast new cabinetry, modern appliances, and contemporary finishes. The bathrooms are also fully updated with modern vanities, fixtures, and stylish elements. All components appear virtually new, meeting current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Income-Generating ADU: The property includes a newly converted, detached 1-bedroom, 1-bathroom ADU with a private entrance, offering excellent potential for rental income, guest accommodation, or a dedicated home office.
Award-Winning School District: Located within the highly desirable and award-winning La Crescenta school district, a significant draw for families seeking quality education.
Extensive Modern Updates: The main home features thoughtful updates including new hardwood floors, a modern fireplace, recessed lighting, refined moldings, central A/C and heating, and new kitchen cabinetry, providing a comfortable and move-in ready living space.
Desirable Location & Mountain Views: Situated in a quiet, desirable pocket north of Foothill Blvd, the property offers a serene patio with picturesque views of the Verdugo Mountains.
Flexibility and Value: The inclusion of the ADU significantly enhances the property's flexibility for various living arrangements and adds considerable value, making it a rare opportunity in the market.

Cons

Main Home Square Footage: The main residence is relatively compact at 995 sqft with 2 bedrooms and 1 bathroom, which may be a limiting factor for buyers desiring more spacious primary living areas.
Age of Original Structure: Built in 1949, the property's original structure is older, which, despite updates, could lead to potential concerns for some buyers regarding underlying infrastructure or long-term maintenance needs.
High Price Point for Main Home Size: The list price of $999,000 for a 995 sqft main home (excluding ADU square footage) represents a high price per square foot, potentially narrowing the pool of prospective buyers.
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