4324 2nd Avenue, Los Angeles, California 90008, Los Angeles, 90008 - 3 bed, 2 bath
4324 2nd Avenue
Los Angeles, California 90008
Property Price
SUMMARY
Analysis of 4324 2nd Avenue, Los Angeles, California 90008 reveals a Prime Investment Opportunity with a current list price of $938,999—significantly undercutting the $988,288 Fair Market Value by 4%. This valuation gap indicates a +$49,289 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4324 2nd Avenue Subject | $938,999* List Price | 3 | 2 | 1,362 | $726 | - |
A 4309 Sutro Avenue Sold | $1,215,000 | 3 | 3 | 1,525 | $797 | 0.2 mi |
B 4231 3rd Avenue Sold | $1,100,000 | 3 | 2 | 1,597 | $689 | 0.1 mi |
C 4215 S Norton Avenue Sold | $1,100,000 | 3 | 2 | 1,448 | $760 | 0.8 mi |
D 3987 Roxton Avenue Sold | $975,000 | 2 | 1 | 1,400 | $696 | 0.5 mi |
E 3874 Arlington Avenue Sold | $980,777 | 4 | 3 | 1,578 | $622 | 0.7 mi |
F 3920 3rd Avenue Sold | $775,000 | 2 | 1 | 1,054 | $735 | 0.6 mi |
G 3801 Sutro Avenue Active | $1,089,000 List Price | 2 | 2 | 1,530 | $712 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This 1924 bungalow has undergone an extensive, high-quality renovation within the last year, making it virtually new. The interior features a modern open-concept kitchen with quartz countertops and stainless steel appliances, fully updated bathrooms with contemporary tiling and fixtures, new wide-plank flooring, and updated recessed lighting throughout.
PROSSTRENGTHS & OPPORTUNITIES
- Modernized Interior
The home features a comprehensive open-concept remodel, including a contemporary kitchen with quartz peninsula and updated bathrooms, offering a move-in-ready experience.
- Prime Historic Location
Situated in the highly sought-after Leimert Park neighborhood, this 1924 bungalow preserves its classic architectural charm while benefiting from a prestigious Los Angeles address.
- Expansion Potential
The generous 6,503 sqft lot and detached 2-car garage provide significant space for a private outdoor oasis or the potential addition of an Accessory Dwelling Unit (ADU).
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-11-10. The sold price is $700,000.00.
- Underperforming Local Schools
The assigned public schools for this property have low performance ratings, which may be a significant drawback for families prioritizing educational quality.
- Recent Price Increase
The listing price was recently adjusted upward from the original asking price, which could potentially impact buyer interest and perceived market value.
About 4324 2nd Avenue
NOW FHA ELIGIBLE!!!! This charming traditional bungalow is nestled in the highly sought-after Leimert Park neighborhood of Los Angeles. Offering tremendous space this newly remodeled home offers 3 spacious bedrooms and 2 full bathrooms, large dinning room and kitchen with an open concept featuring a gorgeous peninsula quartz top perfect for entertaining or family gatherings. A generous 2-car garage and long driveway offers comfort and security when driving into its expansive, fully enclosed backyard. The outdoor space has room to expand or create your dream oasis. Its strong foundation and classic architectural charm captures the essence of the neighborhood. Come see this beauty!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1924
- Lot Size
- 6,503 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Forty-Second Street Elementary School
Grades K-5 • 0.2 mi
Tom Bradley Global Awareness Magnet School
Grades K-5 • 0.7 mi
Birdielee V. Bright Elementary School
Grades K-5 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 48% |
| Square foot | 1,362 | 1,911 | 10% |
| Lot Size | 6,503 | 6,402 | 57% |
| Price | $939.0K | $1.32M | 16% |
| Price per sq ft | $689 | $634 | 60% |
| Built year | 1924 | 1940 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 182 | 2% |
Pricing History
Listed for Sale
Feb 21, 2026
$938,999
$929,000
+1% Price Increase
Initial Listing
Price Change
Jan 29, 2026
$929,000
Initial Listing
Sold
Nov 10, 2025
$700,000
Public Record