2928 Virginia, Los Angeles, California 90016, Los Angeles, 90016 - 3 bed, 1 bath
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2928 Virginia
Los Angeles, California 90016
ACTIVE
CONDITION: POOR
3Beds
1Baths
1,164Sq Ft
5,299Lot Size
Property Price
LIST PRICE$849,000
EST. MARKET VALUE
$855,689
SUMMARY
This 1925 Craftsman represents a High-Potential Investment Opportunity, listed at $849,000—positioned slightly above the $823,200 Fair Market Value. While requiring significant renovation, the property features a 5,299 sqft lot with ADU expansion potential, offering a clear path to forced appreciation. Located in a central Los Angeles neighborhood near major hubs like SoFi Stadium, the home is best suited for Fix-and-Flip Investors or Contractors. With a Condition Rating of 5, this asset requires a comprehensive modernization strategy to maximize its long-term rental or resale value.
Estimated Market Value
$855,689
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2928 Virginia Subject 3 bd · 1 ba · 1,164 sqft · $735 | $849,000* List Price | 3 | 1 | 1,164 | $735 | - |
A 3018 S Victoria Avenue Sold 3 bd · 1 ba · 1,550 sqft · $597 · 0.2 mi | $925,000 | 3 | 1 | 1,550 | $597 | 0.2 mi |
B 2944 S Sycamore Sold 2 bd · 2 ba · 904 sqft · $680 · 1.0 mi | $615,000 | 2 | 2 | 904 | $680 | 1.0 mi |
C 3045 Field Avenue Active 3 bd · 1 ba · 1,276 sqft · $780 · 0.5 mi | $995,000 List Price | 3 | 1 | 1,276 | $780 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1925 with no evidence of recent renovations. The interior features dated popcorn ceilings, old carpeting, and window AC units suggesting a lack of modern central HVAC. The listing description explicitly targets investors and renovators, stating the property needs 'TLC' and rehab to reach its full potential.
PROSSTRENGTHS & OPPORTUNITIES
- ADU & Expansion Potential
The 5,299 sqft lot features two separate yard areas, providing a prime opportunity for the addition of an Accessory Dwelling Unit (ADU) or a significant home expansion to increase property value.
- Prime Central Location
Ideally situated directly across from an elementary school and centrally located near major Los Angeles hubs like SoFi Stadium and Crypto.com Arena, offering high convenience and rental demand.
- Classic Craftsman Character
This 1925 Craftsman-style home features a desirable open floor plan and authentic architectural charm, providing a solid aesthetic foundation for a high-end renovation.
CONSRISKS & DEFICIENCIES
- Significant Renovation Required
The property is explicitly marketed as needing 'TLC' and is best suited for investors or renovators, implying substantial upfront costs for repairs and modernization.
- Limited Bathroom Count
The 3-bedroom, 1-bathroom configuration is less than ideal for modern family standards and may require a layout reconfiguration to maximize market competitiveness.
About 2928 Virginia
Welcome to this charming Craftsman-style home located in the heart of Los Angeles! Offering 3 spacious bedrooms and 1 generously sized bathroom, this home features an open living floor plan with a cozy living room, a sizable kitchen, and a separate dining area with plenty of potential. The backyard offers two separate yard areas and ample space, providing exciting possibilities for outdoor entertaining, expansion, or the potential addition of an ADU. Conveniently located across from an elementary school in a well-kept neighborhood, the property is also within easy reach of major Los Angeles destinations, including SoFi Stadium and Crypto.com Arena. This property presents a great opportunity for an investor, renovator, or buyer looking to add their own personal touches and bring out the home’s full potential. With some TLC, this Craftsman-style home could truly shine. Don’t miss this exciting Los Angeles investment opportunity!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- 5,299 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Virginia Road Elementary School
Grades K-5 • 0.0 mi
5/10
Cienega Elementary School
Grades K-5 • 0.9 mi
5/10
Sixth Avenue Elementary School
Grades K-5 • 0.9 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,164 | 1,670.836 |
| Lot Size | 5,299 | 6,152.156 |
| Price | $849.0K | $1.34M |
| Price per sq ft | $729 | $807 |
| Built year | 1925 | 1941 |
| HOA | $0 | $238 |
| Days on market | 38 | 56 |
Pricing History
Listed for Sale
Oct 2, 2026
$849,000
Initial Listing