2929 S Mansfield, Los Angeles, California 90016, Los Angeles, 90016 - 2 bed, 1 bath
ACTIVE$1,649,999$1,358/sqft
Est. Value: $1,703,776
3%
BelowEstimate
2929 S Mansfield, Los Angeles, California 90016
2Beds
1Bath
1,358Sqft
7,215Lot
Price Vs. Estimate
The estimated value ($1,703,775.8) is $53,776.8 (3%) higher than the list price ($1,649,999). This property may be underpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7215, living area = 1358.
Top Cons:
Age-Related System Concerns: As a 1922 build, the property may require significant investment in updating or replacing older systems (e.g., plumbing, electrical, HVAC) to meet modern standards and efficiency.
Compared to the nearby listings
Price:$1.65M vs avg $1.03M (+$619,999)97%
Size:1,358 sqft vs avg 1,372 sqft48%
Price/sqft:$1.2K vs avg $76797%
More Insights
Built in 1922 (104 years old).
Condition: Built in 1922, this property is explicitly noted to have 'Age-Related System Concerns' in the property analysis, indicating that major components such as plumbing, electrical, and HVAC likely require significant investment for updating or replacement. The absence of interior images for the kitchen, bathrooms, and other living spaces suggests these areas are likely very outdated and in need of substantial rehabilitation, aligning with the 'poor' condition criteria of requiring substantial repairs and rehabilitation.
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
PW26008196
Home ConditionPoor
Features
ViewNeighborhood
About this home
J
Justin White
Listing Agent
Nearby schools
5/10
Cienega Elementary School
Public,•K-5•0.4mi
6/10
Baldwin Hills Elementary School
Public,•K-5•0.7mi
6/10
Marvin Elementary School
Public,•K-5•0.7mi
5/10
Virginia Road Elementary School
Public,•K-5•0.9mi
4/10
Alta Loma Elementary School
Public,•K-5•1.4mi
3/10
Sixth Avenue Elementary School
Public,•K-5•1.8mi
3/10
Arlington Heights Elementary School
Public,•K-5•2.0mi
2/10
Audubon Middle School
Public,•6-8•1.9mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.9mi
3/10
Daniel Webster Middle School
Public,•6-8•4.6mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•0.6mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•2.1mi
Price History
Date
Event
Price
10/02/20
Sold
$1,075,000
Condition Rating
Poor
Built in 1922, this property is explicitly noted to have 'Age-Related System Concerns' in the property analysis, indicating that major components such as plumbing, electrical, and HVAC likely require significant investment for updating or replacement. The absence of interior images for the kitchen, bathrooms, and other living spaces suggests these areas are likely very outdated and in need of substantial rehabilitation, aligning with the 'poor' condition criteria of requiring substantial repairs and rehabilitation.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7215, living area = 1358.
Prime Los Angeles Location: Situated in a desirable Los Angeles neighborhood (90016), offering excellent access to city amenities, culture, and employment centers.
Generous Lot Size: A substantial 7,215 sqft lot provides ample outdoor space for landscaping, potential expansion, or the addition of an Accessory Dwelling Unit (ADU), enhancing property value and utility.
Strong School District & Nearby Highly-Rated Schools: Located within the Los Angeles Unified School District with several highly-rated elementary schools (e.g., Cienega, Baldwin Hills, Marvin) and a well-regarded high school (Alexander Hamilton) nearby, appealing to families.
Historic Architectural Character: Built in 1922, the property likely boasts original architectural details and charm, offering a unique aesthetic appeal compared to newer constructions.
Demonstrated Property Appreciation: The significant increase in value since its last sale in 2020 indicates strong market demand and potential for continued appreciation in this sought-after area.
Cons
Age-Related System Concerns: As a 1922 build, the property may require significant investment in updating or replacing older systems (e.g., plumbing, electrical, HVAC) to meet modern standards and efficiency.
Limited Bedrooms and Bathrooms: With only 2 bedrooms and 1 bathroom, the property's functionality may be limited for larger families or those desiring more living space, potentially narrowing the buyer pool for a property at this price point.
High Price Per Square Foot: The list price of $1.65 million for 1,358 sqft represents a high price per square foot, which could be a barrier for buyers seeking more interior space for their investment.