2917 Kenwood Avenue, Los Angeles, California 90007, Los Angeles, 90007 - bed, bath
ACTIVE$1,099,999$2,366/sqft
2917 Kenwood Avenue, Los Angeles, California 90007
0Bed
0Bath
2,366Sqft
6,583Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location & Rental Demand: Strategically located minutes from USC and within the DPS Patrol Zone, making it highly attractive for student rentals or families affiliated with the university, ensuring strong demand.
Top Cons:
Age of Property & Renovation Needs: Built in 1922, the property is likely to require significant capital investment for modernization, deferred maintenance, or extensive renovations to meet contemporary living standards or student housing requirements.
Compared to the nearby listings
Price:$1.10M vs avg $1.10M (+$0)50%
Size:2,366 sqft vs avg 4,858 sqft40%
Price/sqft:$465 vs avg $25780%
More Insights
Built in 1922 (104 years old).
Condition: Built in 1922, the property's exterior shows significant age and wear, with utilitarian features and no visible signs of recent major renovations. The MLS description and AI analysis explicitly state 'Age of Property & Renovation Needs' and 'Lack of Current Condition Details,' indicating it's not turn-key and requires 'significant capital investment for modernization, deferred maintenance, or extensive renovations.' The absence of interior images for the kitchen and bathrooms strongly suggests these areas are outdated and in need of substantial repairs and rehabilitation, aligning with the 'poor' condition criteria.
Year Built
1922
Close
-
List price
$1.1M
Original List price
$1.4M
Price/Sqft
$465
HOA
-
Days on market
-
Sold On
-
MLS number
SR24197393
Home ConditionPoor
Features
View-
About this home
Attention investors or families looking for a Real Estate opportunity! 2917 and 2919 Kenwood Ave are ready to be purchased. This duplex is located minutes from USC (property is in the DPS Patrol Zone). Great for a big family or investor looking for a duplex rental. The lot can possibly be converted into a Student Housing Development area (buyer to verify). The duplex can be sold together with 2921 Kenwood Ave, Los Angeles, CA 90007.
M
Maksymilian Stachowski
Listing Agent
Price History
Date
Event
Price
05/06/03
Sold
$179,000
Condition Rating
Poor
Built in 1922, the property's exterior shows significant age and wear, with utilitarian features and no visible signs of recent major renovations. The MLS description and AI analysis explicitly state 'Age of Property & Renovation Needs' and 'Lack of Current Condition Details,' indicating it's not turn-key and requires 'significant capital investment for modernization, deferred maintenance, or extensive renovations.' The absence of interior images for the kitchen and bathrooms strongly suggests these areas are outdated and in need of substantial repairs and rehabilitation, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Prime Location & Rental Demand: Strategically located minutes from USC and within the DPS Patrol Zone, making it highly attractive for student rentals or families affiliated with the university, ensuring strong demand.
Income-Generating Duplex: The property is a duplex, offering immediate potential for rental income for investors or flexible living arrangements for large families.
Significant Development Potential: The lot is explicitly noted for its potential conversion into a student housing development area, offering substantial upside for future value appreciation and redevelopment.
Flexible Acquisition Opportunity: The option to purchase this duplex together with 2921 Kenwood Ave presents a unique opportunity for a larger, contiguous development project.
Motivated Seller & Price Reduction: The property has seen multiple price reductions from its original list price of $1.399M to $1.099M, indicating a motivated seller and potential for a favorable purchase price.
Cons
Age of Property & Renovation Needs: Built in 1922, the property is likely to require significant capital investment for modernization, deferred maintenance, or extensive renovations to meet contemporary living standards or student housing requirements.
Unverified Development Potential: The stated potential for student housing development is subject to 'buyer to verify,' implying that zoning, permits, and feasibility studies are not confirmed and will require costly due diligence.
Lack of Current Condition Details: The property description lacks specific details regarding the current condition or recent upgrades, suggesting it may not be turn-key and could necessitate immediate and substantial investment post-purchase.