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2982 W 15th Street, Los Angeles, California 90006, Los Angeles, 90006 - 4 bed, 5 bath

2982 W 15th Street, Los Angeles, California 90006 home-pic-0
ACTIVE$1,349,000
2982 W 15th Street, Los Angeles, California 90006
4Beds
5Baths
2,500Sqft
6,002Lot

Price Vs. Estimate

The estimated value ($1,220,922.92) is $128,077.08 (9%) lower than the list price ($1,349,000). This property may be overpriced.

Key pros and cons

Top Pros:
Commercial Zoning & Income Potential: Rare C-2 commercial zoning offers exceptional versatility for business ventures, guest house operations, or mixed-use development, maximizing investment potential.
Top Cons:
Historic Original Build Year: Despite extensive renovations, the 1905 original construction year may present perceived challenges related to the age of the underlying structure or require specific historical considerations.

Compared to the nearby listings

Price:$1.35M vs avg $837.5K (+$511,500)90%
Size:2,500 sqft vs avg 1,862.5 sqft60%
Price/sqft:$540 vs avg $51860%

More Insights

Built in 1905 (120 years old).
Condition: Despite being built in 1905, this property has undergone a meticulous, top-to-bottom renovation, making it virtually new inside. The description explicitly states 'fully renovated,' with 'every detail addressed,' including brand new appliances, central air conditioning, new plumbing, updated electrical panel with EV charger, new windows, fresh paint, and new hardwood/engineered hardwood flooring throughout. The kitchen features contemporary grey cabinets, new stainless steel appliances, and recessed lighting, while all bathrooms have new toilets and showers. All major systems and cosmetic elements are new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
1905
Close
-
List price
$1.35M
Original List price
$1.39M
Price/Sqft
$540
HOA
-
Days on market
-
Sold On
-
MLS number
25483013
Home ConditionExcellent
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

Discover an exceptional gem nestled in the vibrant heart of Koreatown: a rare commercial-zoned (C-2) residence that has been meticulously transformed from top to bottom. This fully renovated property boasts immense potential for a guest house venture or various commercial endeavors. With the possibility to construct an Accessory Dwelling Unit (ADU) of up to 800 square feet, this turnkey home features 4 spacious bedrooms and 4.5 luxurious bathrooms, all within an expansive living area of approximately 2,500 square feet, set on a generous 6,000 square foot lot. Every detail has been addressed, including completely replaced underground piping, brand new appliances, a modern water heater, and central air conditioning. Enjoy the elegance of new curtains and blinds, a contemporary kitchen with updated cabinets, and newly installed windows. The interior has been freshly painted, with the first floor showcasing newly finished hardwood and the second floor adorned with engineered hardwood flooring. All bathrooms feature new toilets and showers, complemented by a new electric panel and an installed EV charger. The sewer line has been updated, the lot has been newly paved, and there's ample underground storage space along with a spacious walk-in pantry.This is a rare opportunity that you simply cannot afford to overlook! Seize your chance to own this remarkable property!

Nearby schools

3/10
Los Angeles Elementary School
Public,•K-5•0.3mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•0.6mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•0.7mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•0.7mi
/10
Mariposa-Nabi Primary Center
Public,•K-2•0.8mi
3/10
Wilton Place Elementary School
Public,•K-5•1.0mi
5/10
Pio Pico Middle School
Public,•6-8•0.5mi
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•1.3mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•1.3mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•1.3mi
4/10
Los Angeles Senior High School
Public,•9-12•1.6mi

Price History

Date
Event
Price
07/01/20
Sold
$447,000
10/09/15
Sold
$655,000
11/06/06
Sold
$975,000
Condition Rating
Excellent
Despite being built in 1905, this property has undergone a meticulous, top-to-bottom renovation, making it virtually new inside. The description explicitly states 'fully renovated,' with 'every detail addressed,' including brand new appliances, central air conditioning, new plumbing, updated electrical panel with EV charger, new windows, fresh paint, and new hardwood/engineered hardwood flooring throughout. The kitchen features contemporary grey cabinets, new stainless steel appliances, and recessed lighting, while all bathrooms have new toilets and showers. All major systems and cosmetic elements are new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Commercial Zoning & Income Potential: Rare C-2 commercial zoning offers exceptional versatility for business ventures, guest house operations, or mixed-use development, maximizing investment potential.
Comprehensive Turnkey Renovation: The property has undergone a meticulous top-to-bottom renovation, including all major systems (plumbing, electrical, HVAC) and cosmetic upgrades, ensuring a move-in ready condition.
ADU Development Opportunity: The potential to construct an 800 sq ft Accessory Dwelling Unit (ADU) provides a significant opportunity for additional rental income or expanded living space.
Modern Infrastructure & Amenities: Equipped with brand new appliances, central air conditioning, a new electric panel, and an EV charger, the property meets contemporary comfort and technological demands.
Generous Space & Lot: Offering 4 bedrooms, 4.5 bathrooms, 2,500 sq ft of living area, and a 6,000 sq ft paved lot, the property provides ample space for various residential or commercial configurations.

Cons

Historic Original Build Year: Despite extensive renovations, the 1905 original construction year may present perceived challenges related to the age of the underlying structure or require specific historical considerations.
Commercial Zone Environment: Its location within a C-2 commercial zone, while beneficial for business, could lead to increased ambient noise or traffic, potentially impacting residential tranquility.
Mixed School Performance: The proximity to several public schools with average or lower ratings (2-3 out of 10) might be a consideration for families prioritizing top-tier educational institutions.

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