2500 Verde Street, Los Angeles, California 90033, Los Angeles, 90033 - 2 bed, 1 bath

2500 Verde Street, Los Angeles, California 90033 home-pic-0
ACTIVE UNDER CONTRACT$495,000
2500 Verde Street, Los Angeles, California 90033
2Beds
1Bath
1,047Sqft
6,844Lot
Year Built
1911
Close
-
List price
$495K
Original List price
$495K
Price/Sqft
$473
HOA
-
Days on market
-
Sold On
-
MLS number
25622829
Home ConditionPoor
Features
Excellent View: City Lights
ViewCity Lights

About this home

Possibly Over-Priced:The estimated price is 4% below the list price. We found 3 Cons,5 Pros. Rank: price - $495.0K(7th), sqft - 1047(27th), beds - 2(33th), baths - 1(27th).

Someone once said, "Green is the fresh emblem of well-founded hopes," and 2500 Verde St is no exception to this mention. First time on the market ever; Verde would win fixer-upper of the year as it uncovers a sundry of once-in-a-lifetime opportunities for potential buyers. A historic opportunity for a new generation of buyers. Whether your imagination takes you to a primary residence, a flip opportunity, an urban development, or a buy-and-hold investment strategy, this property is bursting with potential. With 2 bedrooms, 1 bathroom, plus an office/studio space, the house features an open floor plan, allowing for flexible and creative interior design; While also zoned LARD1.5, you're allowed to build multiple dwelling units on the almost 7,000 sf lot. Its location near Downtown LA, Keck USC Hospital, and LAC & USC Medical Center makes it an appealing choice for those working or studying in these areas. The property's proximity to USC Health Sciences Campus opens up the possibility of participating in USC's Neighborhood Homeownership Program, offering eligible employees financial incentives toward homeownership. Enjoy local favorites like El Tepeyac, Eastside Luv, La Catrina, Sara's Market, Guisados, Cafe Rebelde, Tierra Mia, La Monarca Bakery, Brooklyn Pizza, La Terraza Cafe, Mancheen, Los 5 Puntos, The Evergreen Cafe, Picaresca, and more! Invest in an area known for its artistic soul, cultural richness, and strong sense of community, this home has everything you fell in love with about LA: friendly people, beautiful bright murals, breathtaking views, and city-close amongst abundant nature amid winding roads. 2500 Verde St has seen better days, but it's finally ready for a makeover and it's ready to hit the market for the first time ever!

Price History

Date
Event
Price
11/25/25
Listing
$495,000
04/27/22
Sold
$350,000
Condition Rating
Poor

This property, built in 1911, is explicitly described as a 'fixer-upper' that 'has seen better days' and is 'ready for a makeover.' The images confirm this assessment. The kitchen is in extremely poor condition with very old, peeling cabinets, stained tile countertops, damaged flooring, and vintage, likely non-functional or inefficient appliances. The bathroom is dated with older tile and fixtures, showing wear. Throughout the house, there are popcorn ceilings, worn flooring (old shag carpet, scratched hardwood), and general signs of significant deferred maintenance. Major systems (electrical, plumbing, HVAC) are almost certainly outdated and require substantial replacement. While the lot offers significant redevelopment potential, the existing structure requires extensive rehabilitation to be safe and comfortable, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Development Potential: Zoned LARD1.5 on an almost 7,000 sqft lot, this property offers significant potential for building multiple dwelling units, appealing to developers and investors.
Strategic Location: Prime location near Downtown LA, Keck USC Hospital, and LAC & USC Medical Center, making it highly attractive to those working or studying in these major hubs.
Investment Versatility: The property is suitable for a wide range of strategies, including primary residence, flip opportunity, urban development, or a buy-and-hold investment.
Vibrant Neighborhood & Amenities: Located in an area known for its artistic soul, cultural richness, strong community, and proximity to numerous popular local restaurants and markets.
Unique Opportunity & Views: This is the first time the property has been on the market, presenting a historic opportunity, complemented by desirable city lights views.

Cons

Fixer-Upper Condition: Explicitly described as a 'fixer-upper' that 'has seen better days,' indicating a need for substantial renovation and significant capital investment.
Age of Property: Built in 1911, the property is very old, suggesting potential for outdated systems, structural issues, and a comprehensive need for modernization.
Small Current Dwelling Size: With only 2 bedrooms and 1 bathroom across 1047 sqft, the existing structure is relatively small, which may require expansion or complete redevelopment to meet modern living standards or maximize the lot's potential.

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