2938 Oakwood, Lynwood, California 90262, Lynwood, 90262 - 2 bed, 1 bath
2938 Oakwood
Lynwood, California 90262
Property Price
SUMMARY
Analysis of 2938 Oakwood, Lynwood, California 90262 reveals a Prime Investment Opportunity with a current list price of $559,000—significantly undercutting the $577,943 Fair Market Value by 3%. This valuation gap indicates a +$18,943 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Lynwood Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2938 Oakwood Subject | $559,000* List Price | 2 | 1 | 753 | $768 | - |
A 3100 3100 Los Flores Sold | $670,000 | 2 | 1 | 890 | $753 | 0.2 mi |
B 10779 Barlow Active Under Contract | $649,999 List Price | 2 | 1 | 756 | $860 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1948, this home is in fair condition, showing typical signs of age with some partial updates. While it features newer vinyl windows and a clean bathroom tile surround, the kitchen is dated with older cabinetry and tiled countertops. The original hardwood flooring shows significant wear and scratches, particularly in the bedrooms, and the wall-mounted heating system is an older feature. The property is functional and maintained but requires cosmetic modernization and minor repairs to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Generous Lot Size
The property sits on a substantial 6,539 sqft lot, offering significant privacy and ample space for outdoor activities, gardening, or potential future expansion.
- Detached Two-Car Garage
A detached two-car garage provides secure parking and versatile storage options, or the potential for an ADU conversion to increase property value.
- Commuter-Friendly Location
Conveniently located with easy access to nearby freeways and local amenities, making it an ideal spot for professionals commuting within the region.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
- Limited Living Space
At only 753 square feet, the interior living area is quite compact, which may be a constraint for growing families or those needing extra room.
- Single Bathroom
The home features only one bathroom, which can be a significant inconvenience for households with multiple occupants and may limit buyer interest.
About 2938 Oakwood
Situated on a large, private lot with mature fruit trees, this charming home offers both space and tranquility. Features include a detached two-car garage, two bedrooms, one bathroom, an inside laundry room, and a spacious kitchen perfect for everyday living. Conveniently located in a commuter-friendly area for easy access to nearby freeways and amenities.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 6,539 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 33% |
| Baths | 1.0 | 2.0 | 41% |
| Square foot | 753 | 1,227.5 | 9% |
| Lot Size | 6,539 | 6,056 | 76% |
| Price | $559.0K | $690.0K | 4% |
| Price per sq ft | $742 | $557 | 85% |
| Built year | 1948 | 1948 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 185 | 2% |
Pricing History
Listed for Sale
Feb 10, 2026
$559,000
Initial Listing