2432 Exposition Place, Los Angeles, California 90018, Los Angeles, 90018 - 3 bed, 1 bath
ACTIVE$740,000
2432 Exposition Place, Los Angeles, California 90018
3Beds
1Bath
1,134Sqft
4,479Lot
Year Built
1923
Close
-
List price
$740K
Original List price
$850K
Price/Sqft
$653
HOA
-
Days on market
-
Sold On
-
MLS number
24359513
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 12% below the list price. We found 3 Cons,5 Pros. Rank: price - $740.0K(23th), sqft - 1134(21th), beds - 3(50th), baths - 1(32th).
This is a three bedroom, one bathroom home, sold in as-is condition/(fixer). Perfect as an investment opportunity. It is situated on a charming block, centrally located in the Jefferson Park Neighborhood, bounded by West Adams, West Adams Terrace, Adams-Normandie, Crenshaw, University Park, Leimert Park, and Exposition Park neighborhoods, as well as the greater USC campus. One block east of the Metro line.
Price History
Date
Event
Price
12/05/25
Price Change
$740,000-2.6%
08/08/25
Price Change
$760,000
02/18/24
Listing
$850,000
Condition Rating
Poor
Built in 1923 and explicitly marketed as an 'as-is condition/(fixer),' this property requires substantial repairs and rehabilitation. The kitchen is severely outdated with very old appliances (likely 1950s-60s), worn cabinets, and old flooring, indicating no major renovations in many decades. The exterior shows significant neglect with peeling paint, a rusty gate, and a worn roof. Given its age, all major systems (electrical, plumbing, HVAC) are almost certainly original or very old and will require comprehensive replacement to meet current safety and comfort standards. The property is likely unsafe or very uncomfortable to live in its current state.
Pros & Cons
Pros
Prime Investment Opportunity: Explicitly marketed as 'perfect as an investment opportunity' and a 'fixer,' this property offers significant potential for value appreciation through renovation and strategic development.
Central & Desirable Location: Situated in the charming Jefferson Park Neighborhood, it is centrally located and bounded by sought-after areas like West Adams, University Park, and the greater USC campus, enhancing its long-term appeal.
Excellent Public Transit Access: The property boasts convenient access to public transportation, being just one block east of the Metro line, which is a major advantage for urban living.
Significant Price Adjustment: The list price has seen a substantial reduction from an original $850,000 to $740,000, potentially offering a more attractive entry point for investors or buyers willing to undertake renovations.
Generous Lot Size: With a 4,479 sqft lot, there is ample outdoor space and potential for future expansion of the existing structure or landscaping improvements, adding to its overall value.
Cons
Extensive Renovation Required: The property is explicitly sold 'in as-is condition/(fixer),' indicating that significant financial investment and effort will be necessary for repairs, upgrades, and modernization.
Limited Bathroom Facilities: Having only one bathroom for a three-bedroom home can be a significant drawback for families or multiple occupants, potentially requiring an expensive addition or reconfiguration.
Advanced Age of Structure: Built in 1923, the home is over a century old, suggesting that major systems (plumbing, electrical, HVAC) are likely outdated and will require comprehensive replacement or upgrades to meet current standards and efficiency.