2982 W 15th Street, Los Angeles, California 90006, Los Angeles, 90006 - 4 bed, 5 bath
ACTIVE$1,270,000$2,500/sqft
Est. Value: $1,196,615
-5%
AboveEstimate
2982 W 15th Street, Los Angeles, California 90006
4Beds
5Baths
2,500Sqft
6,002Lot
Price Vs. Estimate
The estimated value ($1,196,615.23) is $73,384.77 (5%) lower than the list price ($1,270,000). This property may be overpriced.
Key pros and cons
Top Pros:
Commercial Zoning (C-2): Rare C-2 zoning in the heart of Koreatown offers significant commercial potential and flexibility for various business or mixed-use applications.
Top Cons:
Historic Property Age: Built in 1905, despite extensive renovations, the underlying age of the structure may present unique maintenance considerations or potential unforeseen issues.
Compared to the nearby listings
Price:$1.27M vs avg $887.5K (+$382,500)88%
Size:2,500 sqft vs avg 2,272 sqft50%
Price/sqft:$508 vs avg $46050%
More Insights
Built in 1905 (121 years old).
Condition: Despite being built in 1905, this property has undergone a complete and extensive renovation, as confirmed by the listing description and images. The kitchen features brand-new stainless steel appliances, modern grey cabinetry, white countertops, and recessed lighting. All bathrooms are updated with contemporary vanities, new tiling, and modern fixtures, with some featuring glass-enclosed showers. New hardwood and engineered flooring, fresh paint, new windows, central A/C, and upgraded electrical and plumbing systems indicate a virtually new interior, meeting current quality standards with no deferred maintenance.
Year Built
1905
Close
-
List price
$1.27M
Original List price
$1.27M
Price/Sqft
$508
HOA
-
Days on market
-
Sold On
-
MLS number
26634011
Home ConditionExcellent
Features
Good View: City Lights
ViewCity Lights
About this home
Discover a rare C-2 zoned gem in the heart of Koreatown. This fully renovated 4BD/4.5BA residence offers approximately 2,500 SF of living space on a 6,000 SF lot, with potential to build up to an 800 SF ADUideal for a guest house or commercial use. Completely upgraded from top to bottom, featuring new underground piping, sewer line, electric panel, EV charger, brand-new appliances, central A/C, and modern finishes throughout. Fresh interior paint, new windows, hardwood and engineered flooring, paved lot, ample storage, and a spacious walk-in pantry make this a true turnkey opportunity. A rare offering with exceptional flexibility and upsidedon't miss it.
H
Hikari Eguma
Listing Agent
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 complete and extensive renovation, as confirmed by the listing description and images. The kitchen features brand-new stainless steel appliances, modern grey cabinetry, white countertops, and recessed lighting. All bathrooms are updated with contemporary vanities, new tiling, and modern fixtures, with some featuring glass-enclosed showers. New hardwood and engineered flooring, fresh paint, new windows, central A/C, and upgraded electrical and plumbing systems indicate a virtually new interior, meeting current quality standards with no deferred maintenance.
Pros & Cons
Pros
Commercial Zoning (C-2): Rare C-2 zoning in the heart of Koreatown offers significant commercial potential and flexibility for various business or mixed-use applications.
Extensive Renovation & Turnkey Condition: Completely upgraded from top to bottom with brand-new appliances, central A/C, modern finishes, and fresh paint, presenting a true turnkey opportunity.
ADU/Income Potential: Potential to build up to an 800 SF ADU, providing exceptional flexibility for a guest house, rental income, or additional commercial use.
Major System Upgrades: Recent replacement of critical infrastructure including new underground piping, sewer line, electric panel, and the addition of an EV charger, reducing future capital expenditures.
Spacious Urban Lot: A generous 6,000 SF lot in a dense urban area like Koreatown offers valuable space for parking, expansion, or outdoor amenities.
Cons
Historic Property Age: Built in 1905, despite extensive renovations, the underlying age of the structure may present unique maintenance considerations or potential unforeseen issues.
Urban Density & Noise: Located in the heart of Koreatown, the property may be subject to higher levels of urban noise, traffic, and density, which could impact residential tranquility.
Limited Traditional Green Space: The description mentions a 'paved lot,' suggesting a potentially limited amount of traditional green yard space, which might not appeal to all buyers.