2921 Kenwood Avenue, Los Angeles, California 90007, Los Angeles, 90007 - 6 bed, 2 bath
ACTIVE$1,199,999
2921 Kenwood Avenue, Los Angeles, California 90007
6Beds
2Baths
2,544Sqft
6,573Lot
Year Built
1913
Close
-
List price
$1.2M
Original List price
$1.4M
Price/Sqft
$472
HOA
-
Days on market
-
Sold On
-
MLS number
SR24197427
Home ConditionPoor
Features
ViewNeighborhood
About this home
Possibly Over-Priced:The estimated price is 14% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.20M(73th), sqft - 2544(64th), beds - 6(55th), baths - 2(45th).
Attention investors or families looking for a Real Estate opportunity! 2921 Kenwood Ave is ready to be purchased. This single family home is located minutes from USC (property is in the DPS Patrol Zone). Great for a big family or investor looking for a rental. Property can possibly be converted into a Student Housing Development area (buyer to verify). This is a probate sale that will not require court confirmation. Property can be sold together with 2917/2919 Kenwood Ave, Los Angeles, CA 90007.
Price History
Date
Event
Price
10/15/25
Price Change
$1,199,999-14.3%
09/23/24
Listing
$1,399,999
Condition Rating
Poor
Built in 1913, this property's exterior shows significant signs of age and deferred maintenance, including worn paint, an old roof, and outdated windows. The presence of window AC units and outdoor laundry facilities strongly indicates that major systems are outdated and likely require extensive replacement. While interior photos are not provided, it is highly probable that the kitchen and bathrooms are also very old, in poor condition, and would require substantial repairs and rehabilitation to meet modern standards. The listing description as an 'investor opportunity' and 'probate sale' further supports the need for significant renovation.
Pros & Cons
Pros
Prime Location for Student Housing: Located minutes from USC and within the DPS Patrol Zone, this property offers exceptional potential for student housing or rental income due to high demand in the area.
Investment & Development Opportunity: Explicitly marketed towards investors, with the possibility of conversion into student housing development and the option to purchase adjacent properties for larger scale projects.
High Bedroom Count: With 6 bedrooms, the property is well-suited for multi-tenant rentals or accommodating a large family, maximizing its income-generating potential.
Streamlined Probate Sale: The probate sale does not require court confirmation, which simplifies and expedites the transaction process for potential buyers.
Generous Lot Size: A 6,573 sqft lot provides ample space for potential expansion, outdoor amenities, or further development, a valuable asset in an urban setting.
Cons
Significant Age & Renovation Needs: Built in 1913, the property is likely to require substantial renovation, modernization, and potential structural or system upgrades to meet contemporary standards and tenant expectations.
Low Bathroom-to-Bedroom Ratio: With only 2 bathrooms for 6 bedrooms, the property has a highly inconvenient ratio, which could be a major drawback for large families or multiple tenants, necessitating costly additions.
Overpriced Relative to Market Estimation: The current list price is significantly higher than the estimated property value (indicated by a -27% estimation ratio), suggesting it may be overpriced and could face challenges attracting buyers at its current asking price.