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2708 Marengo Street, Los Angeles, California 90033, Los Angeles, 90033 - 5 bed, 3 bath

2708 Marengo Street, Los Angeles, California 90033 home-pic-0
ACTIVE$890,000
2708 Marengo Street, Los Angeles, California 90033
5Beds
3Baths
1,220Sqft
7,912Lot
Year Built
1924
Close
-
List price
$890K
Original List price
$890K
Price/Sqft
$730
HOA
-
Days on market
-
Sold On
-
MLS number
24464095
Home ConditionFair
Features
Good View: City Lights
ViewCity Lights

About this home

Possibly Over-Priced:The estimated price is 10% below the list price. We found 2 Cons,3 Pros. Rank: price - $890.0K(80th), sqft - 1220(40th), beds - 5(80th), baths - 3(60th).

Discover the perfect blend of charm, space, and opportunity with this renovated home! Situated on a generous 7,909-square-foot lot with R2-1 zoning, this property offers incredible potential. While title records show it as a single-family home (buyer to verify all permits and information), it includes an additional rear unit, opening the door to possibilities like an ADU (Accessory Dwelling Unit) for added income or multi-generational living. The home is equipped with a solar energy system, offering eco-friendly and cost-saving benefits. Whether you're looking for a comfortable residence or a smart investment, this property checks all the boxes. Conveniently located just minutes from DTLA, Keck Medicine of USC, USC Hospital, and major freeways (10, 5, and 101), it's ideal for homeowners and investors alike. Don't miss this opportunity to own a home with great potential in a prime location!

Price History

Date
Event
Price
05/15/25
Sold
$700,000
11/08/05
Sold
$430,000
04/04/03
Sold
$140,000
06/15/99
Sold
$150,000
Condition Rating
Fair
The property was built in 1924 and has been renovated. The description mentions 'renovated home' and a solar energy system, suggesting some updates. However, given the age, it's unlikely to be in excellent condition. The presence of an additional rear unit (potentially an ADU) also suggests possible modifications over time. Without specific details on the extent and quality of the renovations, especially in the kitchen and bathrooms, a 'Fair' rating is appropriate. It likely requires some updates to meet modern standards.
Pros & Cons

Pros

Income Potential: The property includes an additional rear unit, presenting the opportunity for rental income or multi-generational living, especially with R2-1 zoning potentially allowing for an ADU.
Prime Location: Conveniently located near DTLA, Keck Medicine of USC, USC Hospital, and major freeways (10, 5, and 101), offering easy access to amenities and employment centers.
Eco-Friendly Features: Equipped with a solar energy system, providing eco-friendly benefits and potential cost savings on electricity bills.

Cons

Permit Verification Required: The listing states that the buyer needs to verify all permits and information regarding the additional rear unit, which could introduce uncertainty and potential costs.
Smaller Living Space: The square footage of the main residence is relatively small at 1220 sqft, which may not be suitable for larger families or those desiring more living space.

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