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2956 W 15th Street, Los Angeles, California 90006, Los Angeles, 90006 - bed, bath

2956 W 15th Street, Los Angeles, California 90006 home-pic-0
ACTIVE$1,395,000
2956 W 15th Street, Los Angeles, California 90006
0Bed
0Bath
2,860Sqft
6,002Lot
Year Built
1906
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$488
HOA
-
Days on market
-
Sold On
-
MLS number
MB25058785
Home ConditionPoor
Features
Patio
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $1.40M(50th), sqft - 2860(50th), beds - undefined(50th), baths - undefined(50th).

***DUPLEX*** Large 2 unit property, two legal units with ample parking and a Large Separate Garage with potential for an ADU unit. Great Location with new Construction properties being built nearby. Front Unit#2956 Features 5 large bedrooms and 2 bathrooms, with a third level finished attic. The front Unit is a classic property with large wood moldings and a formal dinning room next to the staircase leading up to the 2nd level of the home. First level has one bedroom downstairs a potential office space and 1 full bathroom. Second level includes four spacious bedrooms upstairs and one full bathroom with direct access to a " 3rd" level finished attic space which can be used as an addition guest bedroom. Back Unit#2956 1/2 is a one level property featuring 1 bedroom and 1 bathroom with its own kitchen. The driveway and back yard is large enough to park 8-10 cars. The separate 2-Car Garage can be converted into an ADU unit for extra rental income. This property is large enough for a Daycare, Individual school, student housing or rental units. A true must see.

Nearby schools

3/10
Los Angeles Elementary School
Public,•K-5•0.3mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•0.6mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•0.7mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•0.7mi
/10
Mariposa-Nabi Primary Center
Public,•K-2•0.7mi
3/10
Wilton Place Elementary School
Public,•K-5•1.0mi
5/10
Pio Pico Middle School
Public,•6-8•0.6mi
3/10
Berendo Middle School
Public,•6-8•0.9mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.1mi
4/10
West Adams Preparatory High School
Public,•9-12•1.1mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•1.2mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•1.2mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•1.2mi
4/10
Los Angeles Senior High School
Public,•9-12•1.7mi

Price History

Date
Event
Price
03/17/25
Listing
$1,395,000
11/10/98
Sold
$185,000
Condition Rating
Poor
Built in 1906, this property is over a century old with no apparent major renovations in recent decades. The exterior shows significant wear and tear, including peeling paint and visible cracks, indicating deferred maintenance. The single interior image provided reveals extremely dated wallpaper and carpeting, suggesting that the entire interior, including critical areas like kitchens and bathrooms (for which no images were provided, a common red flag), is likely in original or very outdated condition. Major systems such as electrical, plumbing, and potential HVAC are almost certainly beyond their expected lifespan and would require substantial repairs and rehabilitation to meet modern standards and safety requirements. The property requires significant investment to be brought up to a comfortable and functional living standard.
Pros & Cons

Pros

Income-Generating Duplex: The property features two legal units, providing immediate rental income potential and flexibility for owner-occupancy with supplemental income.
ADU Conversion Opportunity: A separate 2-car garage offers significant potential for conversion into an Accessory Dwelling Unit (ADU), enhancing rental income or providing additional living space.
Abundant Parking Capacity: The large driveway and backyard can accommodate 8-10 vehicles, a highly desirable and valuable asset in the Los Angeles market.
Versatile Property Use: The substantial size and layout make it suitable for various uses beyond traditional residential, including daycare, school, or student housing, broadening its market appeal.
Strategic Location with Growth Potential: Situated in a 'Great Location' within Koreatown, with new construction nearby, indicating a neighborhood undergoing revitalization and potential for future property value appreciation.

Cons

Advanced Age & Potential for System Upgrades: Built in 1906, the property likely requires significant investment in updating major systems (plumbing, electrical, HVAC) to meet modern standards and reduce maintenance liabilities.
Dated Interior Condition (Implied): While described as 'classic,' the lack of mention of recent renovations suggests the interiors, particularly in the main unit, may be outdated and require substantial modernization to attract premium tenants or buyers.
Suboptimal Bathroom-to-Bedroom Ratio: The front unit's configuration of 4 upstairs bedrooms sharing a single bathroom, along with a 'finished attic' that may not be a legal bedroom, could present functional inconveniences for a large household or multiple tenants.

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