2932 S Beverly Drive, Los Angeles, California 90034, Los Angeles, 90034 - 3 bed, 2 bath
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2932 S Beverly Drive
Los Angeles, California 90034
ACTIVE UNDER CONTRACT
CONDITION: POOR
3Beds
2Baths
1,698Sq Ft
5,499Lot Size
Property Price
LIST PRICE$1,600,000
EST. MARKET VALUE
$1,465,237
9% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,600,000—positioned well above the $1,465,237 Fair Market Value by -9%. While the current pricing reflects a premium for the location, the 5,499-square-foot lot and Fair Condition Rating provide a blank canvas for a comprehensive renovation or new construction. Located in a high-demand Beverlywood block, this asset is ideal for Fix-and-Flip Investors or Custom Home Builders looking to capitalize on the neighborhood's ongoing appreciation and development trends.
Estimated Market Value
$1,465,237
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 |
|---|---|---|---|---|---|---|
★ 2932 S Beverly Drive Subject | $1,600,000* List Price | 3 | 2 | 1,698 | $863 | - |
A 9138 Olin Street Sold | $1,400,000 | 4 | 2 | 1,340 | $1,045 | 0.3 mi |
B 9015 Beverlywood Street Sold | $1,239,650 | 2 | 1 | 1,235 | $1,004 | 0.5 mi |
C 8946 Olin Street Sold | $1,287,000 | 3 | 2 | 1,509 | $853 | 0.5 mi |
D 3003 S Beverly Drive Sold | $1,388,125 | 2 | 2 | 1,293 | $1,074 | 0.0 mi |
E 1945 Livonia Avenue Sold | $1,700,000 | 2 | 2 | 1,869 | $910 | 0.7 mi |
F 2624 S Garth Avenue Sold | $1,170,000 | 2 | 2 | 1,659 | $705 | 0.9 mi |
G 9203 Cattaraugus Avenue Pending | $1,500,000 List Price | 4 | 3 | 1,962 | $765 | 0.2 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 1940, this 80+ year old property is explicitly marketed as a candidate to 'renovate, reimagine or build new.' While the interior appears clean with hardwood floors, the bathrooms feature dated tile-work and fixtures likely over 30 years old. The listing's emphasis on a 'comprehensive update' and the potential to 'start fresh' aligns with the poor category requiring a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated in the highly sought-after Beverlywood vicinity, the property is located on a desirable block surrounded by high-value renovated and newly constructed homes, ensuring strong long-term appreciation.
- Development Potential
The 5,500-square-foot lot and existing structure offer a versatile opportunity to either perform a comprehensive renovation or build a brand-new custom residence in a high-demand Westside neighborhood.
- Classic Architectural Features
The home retains desirable traditional elements including original hardwood floors, a fireplace, and a functional den that flows into a private rear yard, providing a solid foundation for reimagining the space.
CONSRISKS & DEFICIENCIES
- Significant Renovation Required
The existing 1940s structure requires a comprehensive update to meet modern living standards, which will necessitate a substantial additional capital investment beyond the purchase price.
- Lack of Modern Amenities
As an original 1940 build, the property lacks contemporary features such as an open-concept layout, updated climate control systems, and modern energy efficiencies found in neighboring new builds.
About 2932 S Beverly Drive
A rare opportunity in highly sought-after Beverlywood. Set back from the street on a private 5,000-square-foot lot, this 3-bedroom, 2-bath Traditional offers approximately 1,693 square feet and an exceptional opportunity to renovate, reimagine or build new. The existing home features hardwood floors, a fireplace, and a den opening to the private rear yard, and is ready for a comprehensive update to meet today's standards. Surrounded by a growing collection of beautifully renovated and newly built homes, the property sits on an especially desirable block in one of the Westside's most active and sought-after neighborhoods. Whether you transform the existing residence or start fresh, this is a compelling opportunity to create something special in Beverlywood.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1940
- Lot Size
- 5,499 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,698 | 1,664.159 |
| Lot Size | 5,499 | 6,066.556 |
| Price | $1.60M | $1.35M |
| Price per sq ft | $942 | $806 |
| Built year | 1940 | 1939 |
| HOA | $0 | $278 |
| Days on market | 14 | 55 |
Pricing History
Listed for Sale
Aug 26, 2026
$1,600,000
Initial Listing
Sold
Aug 20, 2010
$830,000
Public Record
Sold
Oct 15, 2009
$585,000
Public Record