2908 Future Street, Los Angeles, California 90065, Los Angeles, 90065 - 2 bed, 2 bath
ACTIVE UNDER CONTRACT$749,000
2908 Future Street, Los Angeles, California 90065
2Beds
2Baths
1,395Sqft
5,003Lot
Year Built
1922
Close
-
List price
$749K
Original List price
$950K
Price/Sqft
$537
HOA
-
Days on market
-
Sold On
-
MLS number
SR25025826
Home ConditionPoor
Features
Patio
ViewNeighborhood
About this home
We found 3 Cons,5 Pros. Rank: price - $749.0K(25th), sqft - 1395(25th), beds - 2(50th), baths - 2(50th).
Contractors dream, two houses and detached garage on lot. Front house is 1920's craftsman bungalow with many original features. Its a one bedroom, one bathroom, separate dining room, laundry room and attic/loft space. Back house is one bedroom and one bathroom, possible access off of alley. There is also a separate two car garage. Home is in distress condition and will not qualify for traditional financing.
Nearby schools
4/10
Glassell Park Elementary School
Public,•K-6•0.4mi
2/10
Aragon Avenue Elementary School
Public,•K-5•0.5mi
7/10
Dorris Place Elementary School
Public,•K-6•0.7mi
4/10
Loreto Street Elementary School
Public,•K-5•1.2mi
2/10
Hillside Elementary School
Public,•K-5•1.5mi
3/10
Albion Street Elementary School
Public,•K-6•2.2mi
5/10
Florence Nightingale Middle School
Public,•6-8•1.2mi
6/10
Irving STEAM Magnet
Public,•6-8•1.4mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•2.4mi
Price History
Date
Event
Price
09/25/25
Price Change
$749,000-6.3%
08/04/25
$799,000
02/05/25
$950,000
Condition Rating
Poor
Built in 1922, the property is explicitly described as being in 'distress condition' and will not qualify for traditional financing, indicating significant defects and safety concerns. The images confirm severe neglect throughout, with peeling paint, cracked walls, damaged flooring, and an extremely outdated and dilapidated kitchen requiring a complete gut renovation. Major systems are undoubtedly outdated and require substantial repairs and rehabilitation to make the property habitable.
Pros & Cons
Pros
Income-Generating Potential: The property features two separate houses on one lot, functioning as a duplex, offering immediate rental income opportunities or multi-generational living arrangements.
Value-Add Opportunity: Described as a 'Contractors dream' due to its distressed condition, this property presents a significant opportunity for renovation, customization, and substantial equity building.
Historic Architectural Charm: The front house is a 1920s Craftsman bungalow with many original features, appealing to buyers who appreciate historic character and unique architectural styles.
Detached Two-Car Garage: A separate two-car garage provides valuable off-street parking, additional storage, or potential for future conversion into an Accessory Dwelling Unit (ADU), subject to local regulations.
Significant Price Reduction: The list price has seen substantial reductions from an original $950,000 to $749,000, indicating a motivated seller and potential for a competitive purchase price for a buyer willing to invest in repairs.
Cons
Distressed Condition: The property is explicitly stated to be in 'distress condition,' necessitating significant investment in repairs, renovations, and upgrades to bring it to a habitable and marketable standard.
Limited Financing Options: The property 'will not qualify for traditional financing,' severely restricting the potential buyer pool to cash buyers or those with specialized renovation loans, which can complicate the sale process.
Age-Related System Issues: Built in 1922, the property is likely to have outdated plumbing, electrical, and HVAC systems, as well as potential structural issues common in homes of this age, leading to higher renovation costs and complexities.