2938 S Orange Dr, Baldwin Hills, California 90016, Baldwin Hills, 90016 - 4 bed, 3 bath

ACTIVE$1,599,999
2938 S Orange Dr, Baldwin Hills, California 90016
4Beds
3Baths
2,173Sqft
6,001Lot
Year Built
1930
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$736
HOA
-
Days on market
-
Sold On
-
MLS number
PW25120333
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.60M(71th), sqft - 2173(50th), beds - 4(71th), baths - 3(86th).
Triplex in West Adams 6,000 SF Lot Zoned R3 (TOC3) Located in a Federal qualified opportunity zone One of the most dynamic neighborhoods in LA Walkscore of 83 (Very Walkable) Part of an assemblage of multiple properties also for sale.
Condition Rating
Poor
Built in 1930, the property's age and the explicit weakness statement in the listing ('likely to require substantial capital expenditure for renovations, system upgrades, and deferred maintenance') indicate a condition requiring significant repairs and rehabilitation. The complete absence of interior photos, particularly of the kitchen and bathrooms, strongly suggests these areas are severely outdated or in disrepair, aligning with the 'poor' classification where major components require repair and the property may be uncomfortable to live in its current state. The listing's focus on development potential rather than the existing structures further supports this assessment.
Pros & Cons
Pros
High-Value Zoning & Development Potential: The property boasts R3 (TOC3) zoning on a 6,000 SF lot, offering significant density and development opportunities, especially with Transit Oriented Communities (TOC3) incentives.
Strategic Location: Situated in West Adams, described as 'one of the most dynamic neighborhoods in LA,' with a 'Very Walkable' Walkscore of 83, ensuring strong tenant demand and appreciation potential.
Federal Opportunity Zone: Location within a Federal Qualified Opportunity Zone provides substantial tax benefits for long-term investors, enhancing the property's financial appeal.
Income-Generating Asset: As a triplex, the property provides immediate rental income, making it an attractive asset for investors seeking cash flow.
Assemblage Potential: Being part of a larger assemblage of multiple properties also for sale indicates potential for a larger-scale development project, significantly increasing its long-term value proposition.
Cons
Age and Condition: Built in 1930, the property is likely to require substantial capital expenditure for renovations, system upgrades, and deferred maintenance to modernize or redevelop.
No View: The property explicitly states 'None' for views, which could be a missed amenity that might otherwise enhance desirability and value in a desirable Los Angeles location.
Limited Current Income Potential Relative to Development Value: While an income property, the current triplex configuration may not fully maximize the R3/TOC3 zoning potential, suggesting the list price is likely driven by future development rather than immediate cash flow, requiring a specific investor profile.


