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 $1,276,000, positioned in alignment with its $1,262,164 Fair Market Value. Currently maintaining a Fair Condition Rating, the property offers immense upside through its unfinished garage ADU conversion and a flexible 5-bedroom layout featuring separate entrances for immediate rental income. Located in a high-demand corridor near Culver City and Alexander Hamilton Senior High, the home provides both long-term stability and "house hack" potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to build equity through strategic modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2927 S Genesee Avenue Subject | $1,276,000* List Price | 5 | 3 | 1,730 | $730 | - |
A 5639 Coliseum Street Sold | $1,000,000 | 3 | 2 | 1,415 | $707 | 0.7 mi |
B 2405 Clyde Active | $998,000 List Price | 3 | 2 | 1,508 | $662 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
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 The main bathroom is particularly outdated with black marble-look wall tiles and a standard vanity, likely from a renovation 15-30 years ago.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throughout, aligning with the 'Fair' condition criteria where major components are functional but show signs of being outdated and require minor updates or repairs.
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.
Boasting an ideal location close to Downtown LA, Culver City, beaches, the 10 Freeway, and public transportation, providing excellent connectivity and access to amenities.
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.
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.
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.
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.
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".
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 | 87% |
| Baths | 3.0 | 2.0 | 78% |
| Square foot | 1,730 | 1,427 | 65% |
| Lot Size | 5,505 | 5,362.5 | 54% |
| Price | $1.28M | $1.05M | 76% |
| Price per sq ft | $738 | $745 | 48% |
| Built year | 1944 | 1927 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 362 | 189 | 96% |
Oct 21, 2025
$1,276,000
$1,311,000
-3% Price Drop
Initial Listing
Aug 28, 2025
$1,311,000
Initial Listing
Apr 25, 2025
$1,399,000
Initial Listing