3941 2nd Avenue, Los Angeles, California 90008, Los Angeles, 90008 - 4 bed, 3 bath
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Los Angeles, California 90008
This Versatile Income-Producing Residence represents a High-Potential Investment Opportunity, listed at $999,999—positioned well below the $1,120,647 Fair Market Value by 10%. This valuation gap delivers $120,648 in Instant Equity for the buyer. The property features a Move-in Ready main home with a Condition Rating of 3, complemented by a permitted 1-bedroom ADU ideal for rental income. Boasting an updated granite kitchen, distant city skyline views, and a secured 6,502 sq ft lot, this asset perfectly balances lifestyle and ROI. It is an ideal acquisition for Owner-Occupants looking to house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3941 2nd Avenue Subject | $999,999* List Price | 4 | 3 | 1,810 | $619 | - |
A 3815 Welland Avenue Sold | $1,075,000 | 3 | 3 | 1,902 | $565 | 0.5 mi |
B 3825 Welland Avenue Sold | $1,160,000 | 4 | 3 | 1,768 | $656 | 0.5 mi |
C 4166 4th Avenue Sold | $875,000 | 2 | 1 | 1,466 | $597 | 0.3 mi |
D 3884 S Norton Avenue Sold | $1,170,000 | 3 | 3 | 2,030 | $576 | 0.8 mi |
E 3401 W 41st Street Sold | $1,225,000 | 3 | 3 | 1,742 | $703 | 0.7 mi |
F 4231 3rd Avenue Sold | $1,100,000 | 3 | 2 | 1,597 | $689 | 0.5 mi |
G 3801 Sutro Avenue Active | $1,089,000 List Price | 2 | 2 | 1,530 | $712 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone significant interior updates that modernize its 1923 structure. The kitchen features updated cabinetry, granite countertops, and stainless steel appliances, while the living areas include contemporary laminate flooring and recessed lighting. Although the renovations likely occurred around 10 years ago based on sales history, the home is well-maintained with no immediate repairs required. The addition of a permitted ADU further enhances the property's overall quality and utility.
The property features a permitted 522 sq ft ADU, offering a turnkey solution for rental income, multigenerational living, or a dedicated home office.
Situated near the revitalizing Leimert Park Village and West Adams, the home provides excellent proximity to USC, dining, and major sports venues.
The generous 6,502 sq ft lot includes front and back yards for urban gardening, secured by an automatic gate with remote access for added privacy.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The majority of the assigned public schools in the immediate area have low performance ratings, which may be a drawback for families with school-aged children.
Built in 1923, the property may require more frequent maintenance or future upgrades to its century-old systems compared to newer constructions.
Welcome to this charming, move-in-ready home near the revitalizing Leimert Park area. Offering approximately 1,810 sq ft, it features 3 spacious bedrooms and 2 bathrooms, along with a permitted 1-bedroom, 1-bathroom ADU (approx. 522 sq ft), ideal for rental income, multigenerational living, or a private office. Situated on a generous 6,502 sq ft lot, the property includes front and back yards perfect for urban gardening, as well as an automatic gate with remote access. Just minutes from Leimert Park Village, West Adams dining, the Olympic Stadium, and USC, this home blends cultural vibrancy, convenience, and investment potential all in one.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 78% |
| Baths | 3.0 | 2.0 | 57% |
| Square foot | 1,810 | 1,840 | 47% |
| Lot Size | 6,502 | 6,451.5 | 52% |
| Price | $1000.0K | $1.21M | 27% |
| Price per sq ft | $552 | $623 | 35% |
| Built year | 1923 | 1940 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 193 | 3% |
Mar 26, 2026
$999,999
Initial Listing
Aug 20, 2015
$425,000
Public Record
Jan 24, 2014
$240,000
Public Record