2927 S Genesee Avenue, Los Angeles, California 90016, Los Angeles, 90016 - 5 bed, 3 bath
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Los Angeles, California 90016
This Value-Add Residential Asset is listed at $1,700,000, representing a strategic acquisition in a high-demand Los Angeles corridor. While the $1,445,910 Fair Market Value reflects current baseline assessments, the property’s Significant Income Potential stems from its unique five-bedroom layout and unfinished garage ADU conversion. Currently holding a Condition Rating of 4, the "As-Is" status allows for forced appreciation through targeted modernization. Located near Culver City and Alexander Hamilton Senior High, this property is perfectly suited for Value-Add Investors or Multi-Generational Buyers seeking a high-utility house-hack opportunity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2927 S Genesee Avenue Subject | $1,700,000* List Price | 5 | 3 | 1,730 | $836 | - |
A 5601 Sunlight Place Active Under Contract | $1,300,000 List Price | 3 | 2 | 1,542 | $843 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1944 and family-owned for 60 years, the home features kitchen and bathroom updates that appear to be 20+ years old (dated oak cabinetry and black marble-style jacuzzi tub). While functional, the property shows significant wear including cracked concrete in the driveway, stained carpeting, and aged exterior conduits. The 'AS IS' sale status and unfinished garage conversion suggest the home is a candidate for minor repairs and modernization.
The property features multiple private entrances and an unfinished garage conversion, offering a prime opportunity for ADU development or multi-unit rental income in a high-demand area.
Ideally situated with easy access to Culver City, Downtown LA, and the 10 Freeway, this location is perfect for commuters and those seeking proximity to major employment hubs.
Rare for the area, the lot provides ample parking including possible RV space and convenient rear alley access, adding significant utility and value to the site.
The home is being sold in 'as-is' condition after 60 years of single-family ownership, indicating a likely need for substantial capital investment in modernization and repairs.
At a list price of $1.7 million for 1,730 square feet, the premium entry cost may be challenging for buyers considering the additional budget required for renovations.
Family owned home for over 60 years is now on the market a fantastic opportunity for someone looking for a starter home with room for growth! With five bedrooms and three baths there is definitely plenty of space for a family or even for potential room rentals. The home has separate back entrance to kitchen and another to the bedrooms. The right side of the home once had a door leading into the 2nd bedroom that is now closed, but can be re-opened just another way to generate some income with a room rental with a private entrance. The large master suite and spacious bathroom across the hall with jacuzzi tub adds a nice touch of comfort. Plus the unfinished garage conversation into an ADU could be a great project for a new owner, especially if you are looking to generate some rental income or have a little private space. There is plenty of parking space (possible RV parking). There is additional parking in the back of the home with alley access. And let's not forget the drought tolerant landscaping. The location seems ideal too, being close to downtown LA and various amenities. This place can cater to a variety of needs, weather someone wants a cozy family home or an investment opportunity. The home is located in a great neighborhood with a neighborhood park a few blocks away. It's close to downtown LA, Culver City, Beaches, 10 Freeway, Public transportation-Metrolink, shopping, restaurants and schools. Home will be sold "AS IS".
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 90% |
| Baths | 3.0 | 2.0 | 80% |
| Square foot | 1,730 | 1,404 | 67% |
| Lot Size | 5,505 | 5,456 | 51% |
| Price | $1.70M | $1.03M | 98% |
| Price per sq ft | $983 | $747 | 90% |
| Built year | 1944 | 1927 | 69% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 186 | 2% |
Apr 24, 2026
$1,700,000
Initial Listing