2055 Parnell, Los Angeles, California 90025, Los Angeles, 90025 - 3 bed, 3 bath
ACTIVE UNDER CONTRACT$1,495,000
2055 Parnell, Los Angeles, California 90025
3Beds
3Baths
2,304Sqft
6,762Lot
Year Built
1928
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$649
HOA
-
Days on market
-
Sold On
-
MLS number
SR25260630
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $1.50M(12th), sqft - 2304(70th), beds - 3(50th), baths - 3(55th).
CONSERVATORSHIP AUCTION!!! 3 BEDROOM, 1¾ BATH FIXER HOME WITH ADU ON A CORNER LOT IN THE VERY DESIRABLE WESTWOOD NEIGHBORHOOD OF LOS ANGELES. THE HOME FEATURES A LIVING ROOM WITH FIREPLACE & DINING & BREAKFAST AREA KITCHEN WITH DISHWASHER AND LAUNDRY ROOM WITH WASHER/DRYER HOOKUP. SOME HARDWOOD FLOORS. OUTDOOR PATIO. A.D.U. WITH LIVING AREA, KITCHEN, WALL HEATING/AIR CONDITIONING AND TANKLESS WATER HEATER.
Nearby schools
9/10
Fairburn Avenue Elementary School
Public,•K-5•0.8mi
9/10
Overland Avenue Elementary School
Public,•K-5•0.8mi
7/10
Nora Sterry Elementary School
Public,•K-5•1.2mi
6/10
Richland Avenue Elementary School
Public,•K-6•1.6mi
3/10
Daniel Webster Middle School
Public,•6-8•1.4mi
6/10
University Senior High School Charter
Public,•9-12•2.0mi
6/10
University Senior High School
Public,•9-12•2.0mi
Price History
Date
Event
Price
11/14/25
Listing
$1,495,000
Condition Rating
Poor
This property, built in 1928, is explicitly described as a 'fixer home' and is being sold via 'conservatorship auction,' indicating a distressed condition. The property analysis confirms 'Extensive Renovation Required' and an 'Outdated Main Residence' with likely outdated systems and aesthetics, including a lack of central air conditioning in the main house. While an ADU is present with some modern features, the primary residence requires substantial repairs and rehabilitation, suggesting major components are likely beyond their expected lifespan and in need of significant upgrades. The exterior image also shows a neglected appearance, consistent with a property requiring extensive work.
Pros & Cons
Pros
Great Schools: Elementary School: Fairburn Avenue Elementary School (9/10).
Highly Desirable Location: Situated in the very desirable Westwood neighborhood of Los Angeles, known for its prestige, amenities, and strong property values, offering excellent appreciation potential.
Income-Generating ADU: Features a well-equipped Accessory Dwelling Unit (ADU) with a living area, kitchen, wall heating/air conditioning, and a tankless water heater, providing significant rental income potential or flexible multi-generational living options.
Corner Lot Advantage: Positioned on a corner lot, which typically offers enhanced privacy, abundant natural light, and potentially more expansive or versatile outdoor space.
Excellent School Access: Located near highly-rated elementary schools, including Fairburn Avenue Elementary School (rating 9) and Overland Avenue Elementary School (rating 9), a significant draw for families.
Significant Value-Add Opportunity: As a 'fixer' home in a prime location with an ADU, this property presents a substantial opportunity for renovation and modernization, leading to significant equity growth and value appreciation.
Cons
Extensive Renovation Required: Explicitly described as a 'fixer home' and sold via 'conservatorship auction,' indicating the property is in distressed condition and will require substantial investment for repairs, upgrades, and modernization.
Outdated Main Residence: Built in 1928, the main house likely features outdated systems, infrastructure, and aesthetics, and lacks modern amenities such as central air conditioning (only mentioned in the ADU).
Complex Transaction Process: Being a 'Conservatorship Auction' can imply a more complex and potentially lengthy transaction process, often involving 'as-is' terms and limited disclosures, which may deter some buyers.