3640 2nd Avenue, Los Angeles, California 90018, Los Angeles, 90018 - 4 bed, 1 bath
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Los Angeles, California 90018
This 1913 Classic Craftsman Asset represents a High-Potential Investment Opportunity with a List Price of $925,000. While currently assessed at a $774,755 Fair Market Value, the property offers substantial forced appreciation potential through a comprehensive rehabilitation of its 4-bedroom layout. Sold "As Is" with a Condition Rating of 5, this fixer-upper features a flexible floor plan and a large lot in the high-demand Park Hills Heights area. Proximity to USC and the Metro Expo Line ensures long-term rental demand, making this a strategic acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3640 2nd Avenue Subject | $925,000* List Price | 4 | 1 | 1,479 | $524 | - |
A 3613 S Gramercy Place Sold | $699,000 | 2 | 1 | 1,176 | $594 | 0.3 mi |
B 1605 W 35th Sold | $650,000 | 2 | 1 | 1,400 | $464 | 0.7 mi |
C 2807 Arlington Avenue Sold | $700,000 | 3 | 1 | 1,500 | $467 | 0.5 mi |
D 2912 W 30th Sold | $780,000 | 2 | 2 | 1,352 | $577 | 0.7 mi |
E 2656 S Hobart Boulevard Sold | $825,000 | 3 | 1 | 1,640 | $503 | 0.9 mi |
F 2947 S Hobart Boulevard Sold | $755,000 | 2 | 1 | 1,646 | $459 | 0.7 mi |
G 3654 7th Avenue Active | $850,000 List Price | 3 | 2 | 1,182 | $719 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1913, this property is explicitly marketed as a 'fixer' and sold 'As Is.' It suffers from significant functional obsolescence with only one bathroom for four bedrooms. The listing and images indicate substantial deferred maintenance, dated interiors, and the need for a complete rehabilitation of the kitchen, bathrooms, and major systems to meet modern living standards.
Built in 1913, this property features the timeless appeal of Craftsman architecture, offering significant character and long-term value for buyers looking to restore a historic Los Angeles home.
Positioned as a 'fixer' in the Park Hills Heights area, this property presents a prime opportunity for investors to add substantial equity through strategic renovations and modernization.
The two-story layout includes a versatile upstairs space that can serve as a large family room or an additional bedroom, providing functional options for various living or rental configurations.
The property is sold with a remaining tenant and the seller will not facilitate a vacancy, which complicates financing for traditional owner-occupants and delays immediate renovation plans.
Sold in 'As Is' condition with a low bathroom-to-bedroom ratio (1 bath for 4 beds), the home requires a substantial capital investment to meet modern standards and maximize its market value.
Wonderful craftsman - fixer - great for investors. Two story home with room upstairs that can be used as a family room or extra bedroom. Large backyard with great potential for adding ADU with direct alley access. Tenant occupied - Please do not disturb tenant. Being sold "As Is." Property is located in HPOZ (Historic Preservation Overlay Zone).
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 69% |
| Baths | 1.0 | 2.0 | 35% |
| Square foot | 1,479 | 1,520 | 47% |
| Lot Size | 5,598 | 5,800 | 41% |
| Price | $925.0K | $875.0K | 51% |
| Price per sq ft | $625 | $594 | 59% |
| Built year | 1913 | 1913 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 181 | 2% |
Mar 9, 2026
$925,000
Initial Listing