2305 W 2nd Street, Los Angeles, California 90057, Los Angeles, 90057 - 2 bed, 2 bath
ACTIVE$875,000
2305 W 2nd Street, Los Angeles, California 90057
2Beds
2Baths
1,228Sqft
6,468Lot
Year Built
1922
Close
-
List price
$875K
Original List price
$900K
Price/Sqft
$713
HOA
-
Days on market
-
Sold On
-
MLS number
SR25056540
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros.
Great opportunity in Los Angeles, CA. This property has so much to offer. Front unit features 2 bedrooms, 1 bathroom, with a basement access. Back unit features 2 bedrooms, 1 bathroom. Property also has 2 bonus rooms! Don't miss out! Call your favorite realtor today!
Nearby schools
/10
Lake Street Primary School
Public,•K-1•0.1mi
5/10
Union Avenue Elementary School
Public,•K-5•0.4mi
5/10
Rosemont Avenue Elementary School
Public,•K-5•0.4mi
/10
Lafayette Park Primary Center
Public,•K•0.5mi
3/10
Charles White Elementary School
Public,•1-5•0.6mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
Public,•K-5•0.7mi
2/10
Esperanza Elementary School
Public,•K-5•0.8mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•0.9mi
4/10
Betty Plasencia Elementary School
Public,•K-6•0.9mi
5/10
Commonwealth Avenue Elementary School
Public,•K-5•0.9mi
8/10
Hoover Street Elementary School
Public,•K-5•1.0mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•1.0mi
2/10
Tenth Street Elementary School
Public,•K-5•1.3mi
3/10
Leo Politi Elementary School
Public,•K-5•1.4mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•1.6mi
6/10
Castelar Street Elementary School
Public,•K-5•1.9mi
3/10
Sal Castro Middle School
Public,•6-8•0.7mi
3/10
John H. Liechty Middle School
Public,•6-8•0.8mi
5/10
Virgil Middle School
Public,•6-8•1.2mi
3/10
Berendo Middle School
Public,•6-8•1.7mi
6/10
Thomas Starr King Middle School
Public,•6-8•2.0mi
3/10
Belmont Senior High School
Public,•9-12•0.7mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•1.4mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•1.4mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•1.4mi
8/10
John Marshall Senior High School
Public,•9-12•2.8mi
Price History
Date
Event
Price
12/17/04
Sold
$479,500
03/19/04
Sold
$425,000
09/09/03
Sold
$225,000
Condition Rating
Poor
Built in 1922, this property is over 100 years old with no apparent major renovations in recent decades. The images reveal a very dated interior, particularly in the kitchen with old cabinets, countertops, and flooring, suggesting a similar condition for the unpictured bathrooms. Flooring consists of older hardwood and tile, and light fixtures are basic and outdated. The presence of a window AC unit indicates a lack of central cooling. The property analysis explicitly states 'Significant Age & Renovation Needs' and suggests 'extensive updates to major systems (plumbing, electrical) and general modernization.' This aligns with the 'poor' condition criteria, requiring substantial repairs and rehabilitation to bring it to modern standards and comfort.
Pros & Cons
Pros
Income-Generating Duplex: The property is a residential income duplex, offering immediate rental income potential from two separate 2-bedroom, 1-bathroom units.
Versatile Additional Spaces: Includes two bonus rooms and basement access, providing flexible options for additional living space, storage, or potential value-add conversions.
Strategic Los Angeles Location: Situated in a high-demand Los Angeles market, benefiting from strong rental demand and potential for long-term property appreciation.
Generous Lot Size: A 6,468 sqft lot offers ample outdoor space, potential for parking, or future expansion opportunities, which is valuable in an urban setting.
Recent Price Adjustment: The property has seen a recent price reduction from $899,999 to $875,000, indicating a potentially motivated seller and a more attractive entry point for buyers.
Cons
Significant Age & Renovation Needs: Built in 1922, the property is over 100 years old, strongly suggesting the need for extensive updates to major systems (plumbing, electrical) and general modernization.
Limited Property Details & Implied Condition: The brief and generic description, using phrases like 'Great opportunity,' often implies the property requires substantial investment and renovation, lacking specifics on current condition or recent improvements.
Compact Unit Sizes: With 1,228 sqft split between two 2-bedroom, 1-bathroom units, each unit is relatively small, which could impact rental rates, tenant appeal, or future resale value.