2942 S Orange, Los Angeles, California 90016, Los Angeles, 90016 - 3 bed, 3 bath
ACTIVE$1,599,999$1,980/sqft
2942 S Orange, Los Angeles, California 90016
3Beds
3Baths
1,980Sqft
6,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Triplex: As a dedicated residential income property (triplex), it offers multiple rental units, providing diversified income streams and strong investment potential in a high-demand market.
Top Cons:
Historic Property Age: Built in 1922, the property is over a century old, likely requiring substantial capital expenditure for system upgrades, structural maintenance, and modernization to attract premium tenants.
Compared to the nearby listings
Price:$1.60M vs avg $1.47M (+$127,499)67%
Size:1,980 sqft vs avg 3,346 sqft50%
Price/sqft:$808 vs avg $54683%
More Insights
Built in 1922 (104 years old).
Condition: Built in 1922, this property is over a century old. The MLS analysis explicitly states it 'likely requiring substantial capital expenditure for system upgrades, structural maintenance, and modernization.' This indicates a need for significant repairs and rehabilitation, suggesting major components are outdated and require extensive work, aligning with a 'Poor' condition. Without interior images, specific details on kitchen, bathroom, and other internal components cannot be assessed, but the overall age and the identified need for substantial capital expenditure point to a very worn and outdated state.
Year Built
1922
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$808
HOA
-
Days on market
-
Sold On
-
MLS number
PW26008766
Home ConditionPoor
Features
Patio
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•0.6mi
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•1.5mi
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•2.0mi
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•2.0mi
Price History
Date
Event
Price
08/18/95
Sold
$155,000
04/25/95
Sold
$70,000
Condition Rating
Poor
Built in 1922, this property is over a century old. The MLS analysis explicitly states it 'likely requiring substantial capital expenditure for system upgrades, structural maintenance, and modernization.' This indicates a need for significant repairs and rehabilitation, suggesting major components are outdated and require extensive work, aligning with a 'Poor' condition. Without interior images, specific details on kitchen, bathroom, and other internal components cannot be assessed, but the overall age and the identified need for substantial capital expenditure point to a very worn and outdated state.
Pros & Cons
Pros
Income-Generating Triplex: As a dedicated residential income property (triplex), it offers multiple rental units, providing diversified income streams and strong investment potential in a high-demand market.
Prime Los Angeles Location: Situated in a desirable Los Angeles neighborhood, ensuring strong rental demand, potential for capital appreciation, and convenient access to urban amenities.
Generous Lot Size: The 6,000 sqft lot provides valuable outdoor space, potential for landscaping, or future development opportunities, which is a premium in urban settings.
Proximity to Top-Rated Elementary Schools: Several highly-rated elementary schools (e.g., Cienega, Baldwin Hills, Marvin, Virginia Road) are within close proximity, making it attractive for families.
Established Neighborhood View: The property offers a neighborhood view, contributing to its aesthetic appeal and sense of place within the community.
Cons
Historic Property Age: Built in 1922, the property is over a century old, likely requiring substantial capital expenditure for system upgrades, structural maintenance, and modernization to attract premium tenants.
Lower-Rated Secondary Schools: The nearby middle and high schools (Audubon Middle, Susan Miller Dorsey Senior High) have lower ratings, which may be a concern for families with school-aged children.
Undefined MLS Area: The 'Not Defined' MLS area could pose challenges for precise market comparisons and valuation, potentially requiring more in-depth local market analysis.