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2245 W 27th Street, Los Angeles, California 90018, Los Angeles, 90018 - bed, bath

2245 W 27th Street, Los Angeles, California 90018 home-pic-0
ACTIVE$999,900
2245 W 27th Street, Los Angeles, California 90018
0Bed
0Bath
1,689Sqft
6,759Lot
Year Built
1925
Close
-
List price
$1,000K
Original List price
$999K
Price/Sqft
$592
HOA
-
Days on market
-
Sold On
-
MLS number
SR25193502
Home ConditionFair
Features
Pool
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $999.9K(62th), sqft - 1689(23th), beds - undefined(50th), baths - undefined(50th).

Incredible investment opportunity just minutes from USC! This charming duplex offers two units, 2-BED, 1-BATH each. Perfect for owner-occupants or savvy investors. Nestled in the city of Los Angeles. The property features a spacious lot with plenty of potential for future enhancements or additional structures (buyer to verify). With ample space and a location that is perfect for redevelopment. Add more units to maximize your investment. Seize the chance to transform this property into a multi-unit masterpiece. The possibilities are endless in this rapidly evolving neighborhood. A detached garage offers secure parking or potential for ADU conversion. Located in close proximity to the University of Southern California, Exposition Park, public transit, and major freeways — this is an ideal location for student housing, long-term tenants, or multi-generational living. Property will be DELIVERED VACANT. Don’t miss your chance to own in one of LA’s most sought-after rental markets!

Nearby schools

2/10
Twenty-Fourth Street Elementary School
Public,•K-5•0.4mi
3/10
Sixth Avenue Elementary School
Public,•K-5•0.6mi
4/10
Birdielee V. Bright Elementary School
Public,•K-5•0.6mi
3/10
Arlington Heights Elementary School
Public,•K-5•0.9mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•1.2mi
5/10
Virginia Road Elementary School
Public,•K-5•1.3mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.0mi
2/10
Audubon Middle School
Public,•6-8•1.7mi
5/10
Foshay Learning Center
Public,•K-12•1.0mi
4/10
West Adams Preparatory High School
Public,•9-12•1.6mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•1.8mi
4/10
Los Angeles Senior High School
Public,•9-12•2.0mi

Price History

Date
Event
Price
08/30/25
Price Change
$999,900+0.1%
08/27/25
Listing
$999,000
12/01/03
Sold
$300,000
01/03/03
Sold
$216,500
11/18/98
Sold
$135,000
Condition Rating
Fair
The property, built in 1925, shows its age despite some cosmetic updates. The kitchen features newer flat-panel cabinets, recessed lighting, and a stainless steel refrigerator, but the tile backsplash appears dated. The bathroom has an updated vanity but retains older built-in storage and potentially older flooring. Wood-look laminate flooring is present throughout, and mini-split AC units provide cooling, indicating some functional improvements. However, the overall condition suggests the home is aged but maintained through occasional updates, and would require further renovation to achieve a modern aesthetic and maximize its investment potential, as hinted in the listing description.
Pros & Cons

Pros

Strategic Location: The property boasts a highly desirable location minutes from USC, Exposition Park, public transit, and major freeways, ensuring strong rental demand from students, long-term tenants, and multi-generational families in a sought-after rental market.
High Redevelopment Potential: A spacious 6,759 sqft lot is explicitly noted for its potential for future enhancements, additional structures, and redevelopment, offering significant upside for maximizing investment returns.
ADU Conversion Opportunity: The detached garage provides a clear and valuable opportunity for conversion into an Accessory Dwelling Unit (ADU), which can substantially increase rental income and overall property value.
Vacant Delivery: The property will be delivered vacant, offering investors immediate control to implement renovation plans, select new tenants, and optimize rental income without the complexities of existing leases or tenant relocation.
Income-Generating Duplex: Already configured as a duplex, the property offers immediate multi-unit rental income potential, appealing to both owner-occupants seeking supplemental income and pure investors.

Cons

Property Age & Potential for Upgrades: Built in 1925, the property is nearly a century old, suggesting a high likelihood of requiring significant capital investment for system updates (plumbing, electrical), structural repairs, and general modernization to meet current standards and tenant expectations.
Small Unit Footprint: With a total of 1689 sqft for two 2-bed/1-bath units, the individual unit sizes are relatively compact, which might limit rental rates or appeal to tenants seeking more spacious living arrangements.
Significant Capital Investment Required: The description emphasizes the need to 'transform this property' and 'add more units,' indicating that the listed price is likely just the initial outlay, and substantial additional investment will be necessary to realize its full potential and maximize returns.

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