2908 Future Street, Los Angeles, California 90065, Los Angeles, 90065 - 2 bed, 2 bath
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Los Angeles, California 90065
This property presents a High-Potential Investment Opportunity with a List Price of $705,000—positioned well below the $686,830 Fair Market Value by -2%. While the property requires significant capital expenditure due to its Condition Rating of 6, the Multi-Unit Income Potential of two houses and a detached garage on a 5,003 sqft lot provides a clear path to forced appreciation. This asset is strictly for Buy-and-Hold Investors or Contractors capable of managing a full-scale renovation, as the current distress condition precludes traditional financing.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2908 Future Street Subject | $680,000* List Price | 2 | 2 | 1,395 | $487 | - |
A 634 Romulo Street Active | $800,000 List Price | 0 | 0 | 1,276 | $627 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1922, this property is explicitly described as being in 'distress condition' and will not qualify for traditional financing, indicating severe structural and systemic issues. The images confirm extreme disrepair throughout both units, including dilapidated kitchens with no functional appliances, peeling paint, water damage, and heavily worn flooring. The property is unlivable in its current state, and its value is primarily in the land and redevelopment potential, aligning with the 'tear-down' criteria.
The property features two separate houses and a detached two-car garage on one lot, offering significant rental income potential or flexible multi-generational living arrangements.
Described as a 'contractor's dream' in 'distress condition,' this property presents a substantial value-add opportunity for an investor or developer to undertake extensive renovations and maximize its potential.
The front house is a 1920s craftsman bungalow retaining many original features, appealing to buyers seeking architectural character and historical charm.
The property is explicitly in 'distress condition,' indicating a need for substantial and costly repairs and renovations, which will be a major undertaking for any buyer.
Due to its condition, the property 'will not qualify for traditional financing,' severely limiting the buyer pool to cash buyers or those with specialized loan products.
Built in 1922, the property likely requires comprehensive updates to its core systems (e.g., plumbing, electrical, roofing) and may involve remediation of older materials, adding to renovation costs.
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.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 5.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,395 | 2,250 |
| Lot Size | 5,003 | 5,864 |
| Price | $680.0K | $826.7K |
| Price per sq ft | $487 | $395 |
| Built year | 1922 | 1925 |
| HOA | $0 | $0 |
| Days on market | 532 | 83 |
Jul 1, 2026
$680,000
$705,000
-4% Price Drop
Initial Listing
Apr 2, 2026
$705,000
$725,000
-3% Price Drop
Initial Listing
Jan 23, 2026
$725,000
$749,000
-3% Price Drop
Initial Listing
Sep 25, 2025
$749,000
$799,000
-6% Price Drop
Initial Listing
Aug 4, 2025
$799,000
Initial Listing
Feb 5, 2025
$950,000
Initial Listing