3793 Cimarron Street, Los Angeles, California 90018, Los Angeles, 90018 - 3 bed, 2 bath
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Los Angeles, California 90018
This property presents a Strong Value Opportunity with a List Price of $649,900—positioned well below the $686,818 Fair Market Value by 5%. This valuation gap offers $36,918 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home requires cosmetic updates but offers significant upside through its ADU Conversion Potential in the detached garage. Located near USC, this is a high-demand asset ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3793 Cimarron Street Subject | $649,900* List Price | 3 | 2 | 1,344 | $511 | - |
A 3667 Cimarron Sold | $600,000 | 3 | 1 | 1,134 | $529 | 0.3 mi |
B 3613 S Gramercy Place Sold | $699,000 | 2 | 1 | 1,176 | $594 | 0.4 mi |
C 1839 W 35th Place Sold | $780,000 | 2 | 1 | 1,668 | $468 | 0.5 mi |
D 1605 W 35th Sold | $650,000 | 2 | 1 | 1,400 | $464 | 0.8 mi |
E 2623 Obama Boulevard Active | $838,000 List Price | 3 | 2 | 1,462 | $573 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a 1921 build that presents a mix of conditions. While it features a recently updated roof and one modern renovated bathroom, the listing explicitly advises buyers to 'bring your toolbelt,' suggesting the need for significant cosmetic or minor functional repairs. The presence of dated wall heaters instead of central HVAC and older interior textures confirms it requires further updates to be considered move-in ready.
The property features a detached, finished garage already equipped with a restroom, providing a significant head start for an Accessory Dwelling Unit (ADU) conversion to generate rental income or increase property value.
Situated just minutes from USC and in close proximity to 2028 Olympic venues, the home is ideally positioned for high rental demand from students and faculty and long-term capital appreciation.
A recently replaced roof and updated bathrooms with modern tile and vanities offer immediate value and reduce the initial capital expenditure required for essential renovations.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1344, other record living area = 1244.
The property is marketed as a 'toolbelt' project, indicating that substantial cosmetic and potentially structural work is needed to modernize the living spaces and reach its full market potential.
The assigned public middle and high schools carry low performance ratings (2/10 and 1/10 respectively), which may limit the property's appeal to families prioritizing the local public education system.
Welcome to a fantastic opportunity in the heart of Los Angeles! This charming 3-bedroom, 2-bathroom home offers a spacious and inviting layout, perfect for modern living. Bring your toolbelt and design ideas to make this the perfect home. Step inside and you'll immediately appreciate the open and bright floor plan, which seamlessly connects the living area to the kitchen. The kitchen opens up to the backyard, creating a perfect flow for daily life and entertaining. The updated restrooms with newer tile and stylish vanities. All three bedrooms are thoughtfully designed for comfort and privacy, providing an ideal space for a family, roommates, or a dedicated home office. Another valuable feature is the recently updated roof, giving you peace of mind for years to come. The backyard is a key highlight, offering a significant opportunity to add an Accessory Dwelling Unit (ADU). Imagine the possibilities: a second source of rental income, a private space for visiting family, or a creative studio. This property provides not just a place to live, but a way to build wealth and flexibility. The detached garage is a major bonus, already finished and includes a restroom, making it a perfect candidate for an ADU conversion. The location is truly unbeatable, just minutes from USC, making it ideal for students, faculty, or anyone who wants to be close to the vibrant campus culture. With the upcoming 2028 Olympics, you'll be in the center of the action, with quick access to all the venues. This home combines comfort, convenience, and a prime location in a highly sought-after area. Whether you're a first-time buyer looking for a great community, a family needing space to grow, or an investor seeking a high-return property, this home has it all. Don't miss your chance to own a piece of LA's future. Schedule your viewing today and discover the endless possibilities!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,344 | 1,672 |
| Lot Size | 4,861 | 6,067 |
| Price | $649.9K | $1.37M |
| Price per sq ft | $484 | $801 |
| Built year | 1921 | 1939 |
| HOA | $0 | $348 |
| Days on market | 3 | 56 |
Jul 21, 2026
$649,900
Initial Listing
Jul 18, 2005
$395,000
Public Record