2921 Kenwood Avenue, Los Angeles, California 90007, Los Angeles, 90007 - 6 bed, 2 bath
Loading property details...
Los Angeles, California 90007
This Value-Add Development Opportunity is listed at $1,199,999, positioned near the $1,069,701 Fair Market Value. While the property currently holds a Condition Rating of 5, its strategic location within the DPS Patrol Zone and proximity to USC creates immense rental demand. Featuring 6 Bedrooms, Neighborhood views, and potential for a Student Housing Development, the asset offers significant forced appreciation through renovation. This probate sale, located in the Los Angeles Unified district, is an ideal acquisition for Buy-and-Hold Investors or Student Housing Developers seeking high-density yields.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2921 Kenwood Avenue Subject | $1,199,999* List Price | 6 | 2 | 2,544 | $420 | - |
A 2712 Kenwood Avenue Active Under Contract | $1,168,800 List Price | 6 | 2 | 2,866 | $408 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1913, this property is in very poor condition, requiring substantial repairs and rehabilitation. The kitchen and bathrooms are severely outdated with original or very old fixtures, cabinetry, and appliances, indicating no major renovations in decades. Visible window AC units suggest a lack of central cooling, and flooring throughout (worn hardwood, old carpet, dated linoleum) is in poor shape. The overall aesthetic and functional state of the home necessitates extensive modernization and system replacements (plumbing, electrical, HVAC) to meet current living standards.
Positioned minutes from USC and within the DPS Patrol Zone, offering high demand for student housing or faculty/staff.
Explicitly marketed for investors, ideal for rental income, particularly student housing, due to its proximity to USC.
Potential for student housing conversion and the option to purchase adjacent properties (2917/2919 Kenwood Ave) for larger-scale development.
Built in 1913, the property likely requires significant capital investment for modernization, structural updates, and system replacements (e.g., plumbing, electrical).
The potential for student housing conversion is subject to buyer verification, indicating possible zoning, permitting, or cost challenges.
Only 2 bathrooms for a 6-bedroom residence is likely insufficient for a large family or multiple tenants, necessitating costly bathroom additions or reconfigurations.
Attention investors or families looking for a Real Estate opportunity! 2921 Kenwood Ave is ready to be purchased. This single family home is located minutes from USC (property is in the DPS Patrol Zone). Great for a big family or investor looking for a rental. Property can possibly be converted into a Student Housing Development area (buyer to verify). This is a probate sale that will not require court confirmation. Property can be sold together with 2917/2919 Kenwood Ave, Los Angeles, CA 90007.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 75% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 2,544 | 1,791 | 75% |
| Lot Size | 6,573 | 3,429 | 75% |
| Price | $1.20M | $809.5K | 88% |
| Price per sq ft | $472 | $461 | 50% |
| Built year | 1913 | 1909 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 576 | 183 | 0% |
Oct 15, 2025
$1,199,999
$1,399,999
-14% Price Drop
Initial Listing
Sep 23, 2024
$1,399,999
Initial Listing