RealKey
‪(213) 433-7766‬

3247 Garnet Street, Los Angeles, California 90023, Los Angeles, 90023 - 1 bed, 1 bath

3247 Garnet Street, Los Angeles, California 90023 home-pic-0
ACTIVE$550,000
3247 Garnet Street, Los Angeles, California 90023
1Bed
1Bath
616Sqft
3,998Lot
Year Built
1924
Close
-
List price
$550K
Original List price
$550K
Price/Sqft
$893
HOA
-
Days on market
-
Sold On
-
MLS number
PW25161274
Home ConditionPoor
Features
View-

About this home

Possibly Over-Priced:The estimated price is 4% below the list price. We found 3 Cons,5 Pros. Rank: price - $550.0K(23th), sqft - 616(5th), beds - 1(14th), baths - 1(50th).

Whether you're a first-time homebuyer looking to build equity or an investor seeking your next project, this 2-bedroom, 1-bath Spanish-style home in East Los Angeles offers an excellent opportunity. Situated in a residential neighborhood with convenient freeway access, this home was built on a raised foundation and has charming original details, including a welcoming front porch. The gated front yard and long driveway provide off-street parking and access to a small private backyard. While the property does need some TLC, it’s location near major freeways makes it an attractive candidate for rental income or a smart move for buyers ready to roll up their sleeves and make it their own. Don’t miss the chance to restore and reimagine this East LA gem.

Price History

Date
Event
Price
07/17/25
Listing
$550,000
Condition Rating
Poor
Built in 1924, this property is 100 years old. The listing description explicitly states it 'needs some TLC' and is an opportunity to 'restore and reimagine,' indicating a significant renovation project. Images reveal an extremely outdated kitchen with old cabinets, laminate countertops, and older appliances, along with a bathroom featuring very old fixtures and tiling. These critical areas appear to have had no major renovations in over 50 years, requiring substantial repairs and rehabilitation to meet modern standards. Major systems are likely at or past their expected lifespan.
Pros & Cons

Pros

Prime Los Angeles Location: Situated in a residential neighborhood within Los Angeles, offering convenient freeway access, which is highly desirable for commuters and overall market demand.
Significant Value-Add Potential: Presents an excellent opportunity for first-time homebuyers or investors to build equity through restoration and renovation, explicitly marketed as a project home.
Charming Spanish-Style Architecture: Features a desirable Spanish-style aesthetic with charming original details and a welcoming front porch, contributing to its unique character and curb appeal.
Off-Street Parking & Private Outdoor Space: Includes a gated front yard, a long driveway providing valuable off-street parking, and a small private backyard, amenities often sought after in urban environments.
Accessible Entry Point for LA Market: At $550,000, this property offers a relatively accessible price point for a single-family home in Los Angeles, particularly for buyers willing to invest sweat equity.

Cons

Extensive Renovation Required: The property explicitly 'needs some TLC' and requires significant investment in time and capital for necessary repairs, upgrades, and restoration.
Limited Living Space & Amenities: With only 616 sqft, 2 bedrooms, and 1 bathroom, the property offers very compact living quarters, which may not suit all buyer needs or family sizes.
Age-Related System Concerns: Built in 1924, the home likely has original or outdated systems (e.g., plumbing, electrical) that could necessitate costly repairs or full replacement in the near future.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state