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2604 Rutherford Drive, Los Angeles, California 90068, Los Angeles, 90068 - 5 bed, 4 bath

2604 Rutherford Drive, Los Angeles, California 90068 home-pic-0
ACTIVE$2,000,000
2604 Rutherford Drive, Los Angeles, California 90068
5Beds
4Baths
3,016Sqft
3,573Lot
Year Built
1925
Close
-
List price
$2M
Original List price
$2.3M
Price/Sqft
$663
HOA
-
Days on market
-
Sold On
-
MLS number
SR25081719
Home ConditionFair
Features
Excellent View: City Lights, Mountain(s)
Deck
Spa
Patio
ViewCity Lights,Mountain(s)

About this home

Possibly Over-Priced:The estimated price is 12% below the list price. We found 4 Cons,5 Pros. Rank: price - $2.00M(59th), sqft - 3016(72th), beds - 5(90th), baths - 4(65th).

Fix & Flip Opportunity – APPROVED SHORT SALE Attention investors: this is a rare short sale opportunity in the heart of the Hollywood Hills. This Spanish-style villa spans over 3,000 square feet and features 5 bedrooms and 3.5 bathrooms. With solid construction and excellent layout, the home needs only minor cosmetic updates to unlock its full value. Located in a prestigious neighborhood surrounded by multi-million dollar estates, the property offers a spacious primary suite with stunning city and canyon views, an updated kitchen and bathrooms with luxury finishes, a built-in wine cellar, indoor laundry, dual-zone HVAC, an outdoor jacuzzi, and a landscaped courtyard. A two-car garage with direct entry adds convenience and security. The home is just minutes from the Hollywood Bowl, Runyon Canyon, the Sunset Strip, and Universal Studios, with easy access to Downtown Los Angeles, Burbank, and Studio City. This is a rare chance to invest in one of L.A.'s most iconic neighborhoods, with substantial upside for flippers or investors ready to add value. Don’t miss out—opportunities like this don’t last long in the Hollywood Hills. Contact us today for access and details.

Nearby schools

6/10
Cheremoya Avenue Elementary School
Public,•K-6•0.6mi
4/10
Grant Elementary School
Public,•K-6•1.1mi
4/10
Selma Avenue Elementary School
Public,•K-6•1.3mi
8/10
Valley View Elementary School
Public,•K-6•1.6mi
7/10
Los Feliz STEMM Magnet
Public,•K-6•1.7mi
7/10
Gardner Street Elementary School
Public,•K-6•2.1mi
8/10
R. L. Stevenson Elementary School
Public,•K-5•3.3mi
7/10
Rio Vista Elementary School
Public,•K-5•3.6mi
3/10
Joseph Le Conte Middle School
Public,•6-8•1.3mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•2.1mi
6/10
Thomas Starr King Middle School
Public,•6-8•2.5mi
5/10
David Starr Jordan Middle School
Public,•6-8•3.6mi
6/10
Walter Reed Middle School
Public,•6-8•4.6mi
6/10
Hollywood Senior High School
Public,•9-12•1.6mi
8/10
John Marshall Senior High School
Public,•9-12•2.4mi
7/10
Fairfax Senior High School
Public,•9-12•3.2mi
7/10
Burroughs High School
Public,•9-12•3.9mi
6/10
Burbank Unified Independent Learning Academy (Buila)
Public,•7-12•4.8mi
8/10
North Hollywood Senior High School
Public,•9-12•5.3mi

Price History

Date
Event
Price
01/03/14
Sold
$1,460,000
02/06/04
Sold
$1,230,454
Condition Rating
Fair
Despite the description mentioning 'updated kitchen and bathrooms with luxury finishes' and 'dual-zone HVAC,' the property's build year of 1925 and its explicit marketing as a 'Fix & Flip Opportunity' requiring 'minor cosmetic updates' (as well as the 'Renovation Required' weakness in the property analysis) indicate that it is not in 'Good' or 'Excellent' condition. The exterior image shows a weathered facade and garage door, consistent with a property needing cosmetic attention. While some areas have been updated, the overall age of the home suggests that these updates are likely not recent enough (within 5-15 years) to qualify as 'Good' condition, or that other significant components still require attention. It falls into the 'Fair' category, meaning it requires minor updates or repairs, is aged but maintained through occasional updates, and major components are functional but may show signs of being outdated, aligning with the 'Fix & Flip' potential.
Pros & Cons

Pros

Prime Hollywood Hills Location: Situated in the prestigious Hollywood Hills, minutes from iconic landmarks like the Hollywood Bowl, Runyon Canyon, and the Sunset Strip, offering excellent connectivity to Downtown LA, Burbank, and Studio City.
Significant Investment Opportunity: Marketed as a 'Fix & Flip Opportunity' and a 'rare short sale,' this property offers substantial upside for investors looking to add value in a high-demand area.
Desirable Amenities & Upgrades: Features include updated kitchen and bathrooms with luxury finishes, a built-in wine cellar, dual-zone HVAC, an outdoor jacuzzi, a landscaped courtyard, and a two-car garage.
Spacious Layout with Views: Spanning over 3,000 sqft with 5 bedrooms and 3.5 bathrooms, including a spacious primary suite offering stunning city and canyon views.
Solid Construction Base: The property boasts solid construction, providing a strong foundation for cosmetic updates and future enhancements.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3573, living area = 3016.
Renovation Required: Positioned as a 'Fix & Flip Opportunity,' the property requires immediate cosmetic updates and investment to unlock its full market value.
Short Sale Process: As an approved short sale, the transaction process may be more complex and potentially involve longer closing times compared to conventional sales.
Property Age: Built in 1925, the property's age, despite updates, may lead to potential maintenance issues or require further infrastructure upgrades during renovation.

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