2927 S Genesee Avenue, Los Angeles, California 90016, Los Angeles, 90016 - 5 bed, 3 bath

2927 S Genesee Avenue, Los Angeles, California 90016 home-pic-0

2927 S Genesee Avenue

Los Angeles, California 90016

ACTIVE
CONDITION: FAIR
5Beds
3Baths
1,730Sq Ft
5,505Lot Size

Property Price

LIST PRICE$1,276,000
EST. MARKET VALUE
$1,271,393

SUMMARY

Analysis of 2927 S Genesee Avenue, Los Angeles, California 90016 reveals a Fairly Priced Property with a current list price of $1,276,000  aligned with the estimated $1,271,393 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$1,271,393
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
2927 S Genesee Avenue
Subject
$1,276,000*
List Price
531,730$735-
A
5632 Boden Street
Sold
$1,576,000321,896$8310.1 mi
B
2218 S Genesee Avenue
Active
$1,200,000
List Price
331,500$8000.7 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1944 and described as 'family owned for over 60 years' and sold 'AS IS,' this property shows significant signs of age and dated renovations. The kitchen features older light wood cabinets and what appear to be basic countertops, with a relatively newer refrigerator but an overall dated aesthetic. The main bathroom is particularly outdated with black marble-look wall tiles and a standard vanity, likely from a renovation 15-30 years ago. Flooring is a mix of older carpets and some laminate/hardwood. While functional and seemingly maintained, the property requires substantial cosmetic updates and modernization throughout, aligning with the 'Fair' condition criteria where major components are functional but show signs of being outdated and require minor updates or repairs.

PROSSTRENGTHS & OPPORTUNITIES

  • High Income/Rental Potential

    The property offers significant income-generating opportunities with 5 bedrooms and 3 baths, separate entrances for potential room rentals, and an unfinished garage ripe for ADU conversion.

  • Strategic Los Angeles Location

    Boasting an ideal location close to Downtown LA, Culver City, beaches, the 10 Freeway, and public transportation, providing excellent connectivity and access to amenities.

  • Abundant Parking & Alley Access

    A rare find in Los Angeles, the property features plenty of parking space, including potential RV parking and additional parking in the back with convenient alley access.

CONSRISKS & DEFICIENCIES

  • As-Is Sale Condition

    The property is being sold 'AS IS,' indicating that the buyer will be responsible for all necessary repairs, updates, and potential deferred maintenance, requiring additional financial investment.

  • Unfinished ADU Conversion

    While offering potential, the garage ADU conversion is unfinished, meaning the new owner must undertake a significant project in terms of time and capital to realize its income-generating benefits.

  • Age and Potential for Dated Systems

    Built in 1944 and family-owned for over 60 years, the home likely has original or dated systems (e.g., electrical, plumbing, HVAC) and finishes that may require substantial modernization beyond basic repairs.

About 2927 S Genesee Avenue

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 with it's skylight 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".

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1944
Lot Size
5,505 Sq. Ft.

Interior

Total Bedrooms
5
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Los Angeles Unified Schools

Marvin Elementary School

Grades K-5 • 0.5 mi

6/10

Baldwin Hills Elementary School

Grades K-5 • 0.6 mi

6/10

Cienega Elementary School

Grades K-5 • 1.0 mi

5/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.03.0
89%
Baths3.02.0
81%
Square foot1,7301,370
70%
Lot Size5,5055,232
56%
Price$1.28M$1.01M
81%
Price per sq ft$738$744
49%
Built year19441927
74%
HOA$0$0
50%
Days on market315183
95%

Pricing History

Listed for Sale

Oct 21, 2025

$1,276,000

$1,311,000

-3% Price Drop

Initial Listing

Price Change

Aug 28, 2025

$1,311,000

Initial Listing

Price Change

Apr 25, 2025

$1,399,000

Initial Listing

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