RealKey
‪(213) 433-7766‬

3941 2nd Avenue, Los Angeles, California 90008, Los Angeles, 90008 - 4 bed, 3 bath

3941 2nd Avenue, Los Angeles, California 90008 home-pic-0
ACTIVE$1,100,000
3941 2nd Avenue, Los Angeles, California 90008
4Beds
3Baths
1,810Sqft
6,502Lot

Price Vs. Estimate

The estimated value ($756,820.665) is $343,179.335 (31%) lower than the list price ($1,100,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income-Generating ADU: A permitted 1-bedroom, 1-bathroom ADU (approx. 522 sq ft) offers significant potential for rental income, multi-generational living, or a dedicated home office.
Top Cons:
Potential Overpricing: The current list price of $1.1M is substantially higher than the estimated property value of approximately $757K, indicating a potential overvaluation relative to market data.

Compared to the nearby listings

Price:$1.10M vs avg $1.32M ($-225,000)34%
Size:1,810 sqft vs avg 1,911 sqft39%
Price/sqft:$608 vs avg $65644%

More Insights

Built in 1923 (102 years old).
Condition: The property is move-in ready and described as 'beautifully upgraded.' The kitchen features granite countertops, wood cabinets, and black appliances, which are functional and in good condition but not the most current high-end style. Bathrooms are updated with modern fixtures and tiling, though the sliding shower doors are a bit dated. Hardwood/laminate flooring and recessed lighting are present throughout the main living areas. The permitted ADU is a significant recent addition. While extensively renovated, the style choices and the absence of central HVAC (as noted in the weaknesses) prevent it from reaching an 'excellent' rating, aligning it with a 'good' condition where major systems are functional and well-maintained, and some components are updated.
Year Built
1923
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$608
HOA
-
Days on market
-
Sold On
-
MLS number
25518703
Home ConditionGood
Features
Patio
View

About this home

Welcome to this beautifully upgraded and move-in ready property located near the rapidly revitalizing Leimert Park area! The house features 1,810 sq ft of well-designed living space with 3 spacious bedrooms and 2 bathrooms, offering a fantastic layout with large rooms filled with natural light. In the rear, there's a permitted 1-bedroom, 1-bathroom ADU (approx. 522 sq ft) ideal for rental income, multigenerational living, or a private office setup. Sitting on a generous 6,502 sq ft lot, the property boasts front and back yards perfect for urban gardening, with plenty of space to grow your own vegetables and enjoy outdoor living.Its prime location places it just blocks away from the vibrant Leimert Park Village and the West Adams dining scene, immersing residents in the heart of Los Angeles' thriving culture and creative community. It also offers convenient access to the new EXPO/Crenshaw Metro Line, connecting you easily to LAX and other parts of the city.Located on a quiet, wide street, this home combines peace, accessibility, and investment potential-all in one package. LOCATION! LOCATION! LOCATION!

Nearby schools

2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•0.2mi
2/10
Forty-Second Street Elementary School
Public,•K-5•0.5mi
4/10
Birdielee V. Bright Elementary School
Public,•K-5•0.8mi
3/10
Sixth Avenue Elementary School
Public,•K-5•0.9mi
2/10
Coliseum Street Elementary School
Public,•K-5•1.5mi
3/10
Hillcrest Drive Elementary School
Public,•K-5•1.6mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•2.0mi
2/10
Audubon Middle School
Public,•6-8•0.6mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•2.1mi
5/10
Foshay Learning Center
Public,•K-12•0.9mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•1.2mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•1.7mi

Price History

Date
Event
Price
08/20/15
Sold
$425,000
01/24/14
Sold
$240,000
Condition Rating
Good
The property is move-in ready and described as 'beautifully upgraded.' The kitchen features granite countertops, wood cabinets, and black appliances, which are functional and in good condition but not the most current high-end style. Bathrooms are updated with modern fixtures and tiling, though the sliding shower doors are a bit dated. Hardwood/laminate flooring and recessed lighting are present throughout the main living areas. The permitted ADU is a significant recent addition. While extensively renovated, the style choices and the absence of central HVAC (as noted in the weaknesses) prevent it from reaching an 'excellent' rating, aligning it with a 'good' condition where major systems are functional and well-maintained, and some components are updated.
Pros & Cons

Pros

Income-Generating ADU: A permitted 1-bedroom, 1-bathroom ADU (approx. 522 sq ft) offers significant potential for rental income, multi-generational living, or a dedicated home office.
Prime Leimert Park Location: Strategically located near the rapidly revitalizing Leimert Park Village and West Adams dining scene, on a quiet, wide street, enhancing lifestyle and investment potential.
Excellent Public Transportation: Convenient access to the new EXPO/Crenshaw Metro Line provides easy connectivity to LAX and various parts of the city.
Upgraded & Move-in Ready: The property is beautifully upgraded and move-in ready, minimizing immediate renovation needs for the prospective buyer.
Spacious Lot with Outdoor Potential: A generous 6,502 sq ft lot features ample front and back yards, perfect for urban gardening and outdoor living.

Cons

Potential Overpricing: The current list price of $1.1M is substantially higher than the estimated property value of approximately $757K, indicating a potential overvaluation relative to market data.
Absence of Central HVAC: The property description does not explicitly mention central air conditioning or heating, which could be a comfort and energy efficiency concern for an older home in Los Angeles.
Modest School Ratings: Several nearby public schools have lower ratings (e.g., 2 out of 10), which might be a deterrent for families prioritizing highly-rated educational institutions.

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