3701 Cherrywood Avenue, Los Angeles, California 90018, Los Angeles, 90018 - 3 bed, 2 bath

3701 Cherrywood Avenue, Los Angeles, California 90018 home-pic-0
ACTIVE$1,100,000
3701 Cherrywood Avenue, Los Angeles, California 90018
3Beds
2Baths
2,044Sqft
7,730Lot
Year Built
1940
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$538
HOA
-
Days on market
-
Sold On
-
MLS number
25561977
Home ConditionPoor
Features
View-

About this home

Possibly Over-Priced:The estimated price is 13% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.10M(65th), sqft - 2044(76th), beds - 3(50th), baths - 2(50th).

Prime Investment opportunity in Leimert Park/Jefferson Park Area. Back on the market! This spacious home is ideally positioned at the edge of the highly sought-after Leimert and Jefferson Park neighborhoods, offering tremendous potential for the discerning buyer. The Property features includes 3 bedroom, 1.75 baths, a bonus room with direct access to the backyard, a spacious lot with extraordinary development potential as well as an opportunity for customization to your personal vision. Future infrastructure enhancements are planned for the Crenshaw corridor. The metro line is a four blocks east of Crenshaw blvd. USC is located 2.5 miles by car. Why this property? It combines the charm of established neighborhoods with the growth potential of an evolving area. Whether you are looking for a family home with expansion possibilities or a strategic investment property, this offering provides exceptional value in a prime area! Broker does not guarantee the accuracy of the information provided including square footage, permitted size to the lot, or un-permitted area. Buyer is advised to consult a qualified professional. Property to be sold AS-IS.

Price History

Date
Event
Price
07/07/25
Listing
$1,100,000
Condition Rating
Poor

Built in 1940, this property is 84 years old. The listing explicitly states it is to be sold 'AS-IS' and highlights 'tremendous potential' and 'opportunity for customization to your personal vision,' which are strong indicators that the home requires substantial repairs and rehabilitation. The exterior images show window-mounted air conditioning units, suggesting a lack of central HVAC and outdated systems. The absence of interior photos, particularly of the kitchen and bathrooms, further implies these key areas are likely in poor, outdated condition and would require significant renovation. This property is far from move-in ready and needs a major investment to meet modern living standards.
Pros & Cons

Pros

Prime Location & Growth Potential: Ideally positioned at the edge of the highly sought-after Leimert and Jefferson Park neighborhoods, combining established charm with significant growth potential.
Strong Investment Opportunity: Marketed as a 'Prime Investment opportunity' and 'strategic investment property,' offering exceptional value for discerning buyers.
Significant Development Potential: Features a spacious 7,730 sqft lot with 'extraordinary development potential' and 'expansion possibilities' for future customization.
Proximity to Key Infrastructure & Amenities: Located near planned future infrastructure enhancements along the Crenshaw corridor, the metro line (four blocks east), and USC (2.5 miles by car).
Functional Bonus Space: Includes a bonus room with direct access to the backyard, adding versatile living space and enhancing the property's utility.

Cons

Sold As-Is Condition: The property is explicitly stated to be sold 'AS-IS,' indicating that the buyer will be responsible for any necessary repairs, upgrades, or deferred maintenance.
Information Accuracy Disclaimer: The broker does not guarantee the accuracy of information, including square footage or permitted areas, placing a significant burden of due diligence on the buyer.
Requires Renovation & Customization: While offering potential, the property is not turn-key and requires a buyer with a vision for customization and investment to realize its full potential.

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