2908 Future Street, Los Angeles, California 90065, Los Angeles, 90065 - bed, bath
ACTIVE UNDER CONTRACT$749,000
2908 Future Street, Los Angeles, California 90065
0Bed
0Bath
1,392Sqft
5,003Lot
Year Built
1922
Close
-
List price
$749K
Original List price
$950K
Price/Sqft
$538
HOA
-
Days on market
-
Sold On
-
MLS number
SR24248921
Home ConditionTear down
Features
Good View:
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $749.0K(25th), sqft - 1392(25th), beds - undefined(50th), baths - undefined(50th).
Contractors dream, two houses and detached garage on lot. Front house is 1920's craftsman bungalow with many original features. Its a one bedroom, one bathroom, separate dining room, laundry room and attic/loft space. Back house is one bedroom and one bathroom, possible access off of alley. There is also a separate two car garage. Home is in distress condition and will not qualify for traditional financing.
Nearby schools
4/10
Glassell Park Elementary School
Public,•K-6•0.4mi
2/10
Aragon Avenue Elementary School
Public,•K-5•0.5mi
7/10
Dorris Place Elementary School
Public,•K-6•0.7mi
4/10
Loreto Street Elementary School
Public,•K-5•1.2mi
2/10
Hillside Elementary School
Public,•K-5•1.5mi
3/10
Albion Street Elementary School
Public,•K-6•2.2mi
5/10
Florence Nightingale Middle School
Public,•6-8•1.2mi
6/10
Irving STEAM Magnet
Public,•6-8•1.4mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•2.4mi
Price History
Date
Event
Price
09/25/25
Price Change
$749,000-6.3%
08/04/25
$799,000
01/21/25
$950,000
Condition Rating
Tear down
Built in 1922, this property is explicitly described as being in 'distress condition' and 'will not qualify for traditional financing,' indicating severe issues. The images confirm this, showing extensive damage, peeling paint, exposed lath, and severely dilapidated and unsanitary conditions in the interior, particularly the bathrooms. The bathrooms are completely unusable and require full demolition and reconstruction. The overall state suggests the property is unlivable and its value is primarily in the land and redevelopment potential, aligning with the 'tear-down' criteria.
Pros & Cons
Pros
Income-Generating Potential: The property features two separate houses and is classified as a duplex and residential income, offering significant potential for rental income or multi-generational living arrangements.
Historic Craftsman Charm: The front house is a 1920s craftsman bungalow retaining many original features, appealing to buyers who value architectural character and heritage.
Significant Value-Add Opportunity: Described as a 'Contractors dream' due to its distressed condition, this property presents a substantial opportunity for renovation, modernization, and subsequent appreciation in value.
Flexible Layout with Additional Structures: Beyond the two main units, the property includes an attic/loft space in the front house and a separate two-car garage, offering versatility for various uses or potential conversion.
Strategic Los Angeles Location: Situated in Los Angeles, specifically the Cypress Park area, which is known for its ongoing development and demand, providing potential for future property value growth.
Cons
Distressed Condition: The property is explicitly stated to be in 'distress condition,' indicating that extensive repairs and renovations are required, which will demand substantial additional investment and effort from the buyer.
Limited Financing Options: The property 'will not qualify for traditional financing,' severely restricting the potential buyer pool primarily to cash buyers or those with access to specialized renovation or hard money loans.
Age-Related System Obsolescence: Built in 1922, the property likely has outdated plumbing, electrical, and HVAC systems, along with potential structural issues common in homes of this age, necessitating comprehensive and costly upgrades.