2929 S Mansfield Avenue, Baldwin Hills, California 90016, Baldwin Hills, 90016 - 2 bed, 1 bath
ACTIVE$1,649,999
2929 S Mansfield Avenue, Baldwin Hills, California 90016
2Beds
1Bath
1,358Sqft
7,215Lot
Price Vs. Estimate
The estimated value ($1,587,721.335) is $62,277.665 (3%) lower than the list price ($1,649,999). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Location: Situated in the highly desirable Baldwin Hills neighborhood, known for its appreciating values and convenient access to amenities in Los Angeles.
Top Cons:
Age and Condition of Existing Structure: Built in 1922, the home is over a century old, likely requiring extensive modernization, system upgrades (plumbing, electrical), and potential structural work to meet contemporary living standards and buyer expectations.
Compared to the nearby listings
Price:$1.65M vs avg $1.07M (+$579,999)97%
Size:1,358 sqft vs avg 1,393.5 sqft46%
Price/sqft:$1.2K vs avg $79299%
More Insights
Built in 1922 (103 years old).
Condition: The property was built in 1922, making it over 100 years old, with no indication of major renovations in the past 50 years. The aerial images reveal an extremely aged exterior, including a roof that appears to be in poor condition and likely original or very old. The description's mention of 'ED 1 Eligible Site' strongly suggests the property's primary value lies in the land for redevelopment, rather than the existing structure. Without interior photos, it's highly probable that the kitchen, bathroom, and all major systems are original or severely outdated, requiring complete replacement or demolition.
Year Built
1922
Close
-
List price
$1.65M
Original List price
$1.65M
Price/Sqft
$1,215
HOA
-
Days on market
-
Sold On
-
MLS number
PW25089452
Home ConditionTear down
Features
View-
About this home
Contiguous property behind this property is also on the market. please contact agent for details. ED 1 Eligible Site. • This property has already been confirmed eligible for ED 1 expedited processing
Condition Rating
Tear down
The property was built in 1922, making it over 100 years old, with no indication of major renovations in the past 50 years. The aerial images reveal an extremely aged exterior, including a roof that appears to be in poor condition and likely original or very old. The description's mention of 'ED 1 Eligible Site' strongly suggests the property's primary value lies in the land for redevelopment, rather than the existing structure. Without interior photos, it's highly probable that the kitchen, bathroom, and all major systems are original or severely outdated, requiring complete replacement or demolition.
Pros & Cons
Pros
Prime Location: Situated in the highly desirable Baldwin Hills neighborhood, known for its appreciating values and convenient access to amenities in Los Angeles.
Significant Development Potential: Confirmed as an 'ED 1 Eligible Site' with expedited processing, offering a rare and valuable advantage for buyers looking to expand, add an ADU, or redevelop the property with reduced bureaucratic hurdles.
Generous Lot Size: The 7,215 sqft lot provides ample space for significant expansion of the existing home, extensive landscaping, or the addition of an Accessory Dwelling Unit (ADU), maximizing future utility and value.
Opportunity for Larger Parcel: The availability of a contiguous property on the market presents a unique opportunity for a buyer to acquire a much larger combined parcel, ideal for a grander estate or a more substantial development project.
Strong Investment Upside: Combining a prime location, substantial lot size, and valuable development eligibility, this property is positioned for significant long-term appreciation and return on investment.
Cons
Age and Condition of Existing Structure: Built in 1922, the home is over a century old, likely requiring extensive modernization, system upgrades (plumbing, electrical), and potential structural work to meet contemporary living standards and buyer expectations.
Limited Current Living Space: With only 2 bedrooms and 1 bathroom across 1,358 sqft, the existing home is relatively small for its high list price, indicating that the primary value lies in the land and its development potential rather than the current dwelling.
Lack of Views: Despite its location in Baldwin Hills, a neighborhood renowned for its panoramic vistas, the property explicitly states 'view: None,' which could be a significant detractor for buyers specifically seeking that premium amenity.