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$850,000
EST. MARKET VALUE
$821,815
3% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $850,000—positioned above the $821,815 Fair Market Value by 3%. While the property requires significant capital for its Condition Rating of 5, the 5,299 sqft lot offers substantial Development Potential for an ADU or unit expansion. Located in the 90016 zip code, it provides immediate proximity to Virginia Road Elementary. This is a strategic value-add acquisition ideal for Fix-and-Flip Investors or Contractors seeking a major renovation project.
Estimated Market Value
$821,815
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 | $850,000* List Price | 3 | 1 | 1,164 | $706 | - |
A 2524 Alsace Ave Sold | $710,000 | 3 | 2 | 1,071 | $663 | 0.9 mi |
B 2413 S Victoria Avenue Sold | $725,000 | 3 | 1 | 1,385 | $523 | 0.4 mi |
C 3018 S Victoria Avenue Sold | $925,000 | 3 | 1 | 1,550 | $597 | 0.2 mi |
D 2944 S Sycamore Sold | $615,000 | 2 | 2 | 904 | $680 | 1.0 mi |
E 3045 Field Avenue Active | $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 and marketed as a rehab project, the property shows significant deferred maintenance. The kitchen features 30+ year old cabinetry and dated drop-ceiling panels, while the exterior eaves and stucco show signs of age-related wear. The listing explicitly suggests a full rehab or redevelopment.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The property offers significant upside with the ability to add an ADU, additional units, or rebuild a larger residence on the 5,299 sqft lot, catering to investors and developers.
- Prime Location
Situated in the high-demand 90016 zip code of West LA, the home is exceptionally close to Virginia Road Elementary (0.04 miles), providing excellent convenience for families.
- Investment Versatility
As a vintage 1925 home with 'endless possibilities,' the property provides a flexible entry point for flippers looking to restore historical charm or builders seeking a 'McMansion' site.
CONSRISKS & DEFICIENCIES
- Extensive Rehab Required
The property is positioned as a major renovation project with only one bathroom for three bedrooms, necessitating substantial capital investment to meet modern standards.
- Low-Rated Secondary Schools
While the local elementary school is well-rated, the assigned middle and high schools have low ratings (2/10), which may impact appeal for families with older children.
About 2928 Virginia
Great Buy on this vintage old LA home. Rehab a piece of History, add units or ADU, or build your McMansion? Endless possibilities.
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 | 1,664.159 |
| Lot Size | 5,299 | 6,066.556 |
| Price | $850.0K | $1.35M |
| Price per sq ft | $730 | $806 |
| Built year | 1925 | 1939 |
| HOA | $0 | $278 |
| Days on market | 9 | 55 |
Pricing History
Listed for Sale
Aug 31, 2026
$850,000
Initial Listing