947 Farnam Street, Los Angeles, California 90042, Los Angeles, 90042 - 3 bed, 2 bath

947 Farnam Street, Los Angeles, California 90042 home-pic-0
ACTIVE$1,295,000
947 Farnam Street, Los Angeles, California 90042
3Beds
2Baths
1,440Sqft
6,067Lot
Year Built
1924
Close
-
List price
$1.29M
Original List price
$1.29M
Price/Sqft
$899
HOA
-
Days on market
-
Sold On
-
MLS number
OC25025120
Home ConditionGood
Features
Good View: Neighborhood
Spa
Patio
ViewNeighborhood

About this home

We found 2 Cons,3 Pros. Rank: price - $1.29M(58th), sqft - 1440(64th), beds - 3(50th), baths - 2(50th).

Meticulously maintained Highland Park compound surrounded by greenery - ideal for buyers seeking a private nature refuge in the heart of the city with a fully functioning Airbnb on property. Located on a quiet, tree-lined street, the property features two structures: a 915 sq. ft. 2 bedroom, 1 bathroom main home with a 380 sq. ft. 1 bedroom, 1 bathroom lower space, as well as a separate back structure which is a 145 sq ft. office/studio, two outdoor patios, one-car garage, and substantial storage area. The light-filled main house sits behind a grassy, hedged front yard, and raised from the street, totally private with peekaboo city views. The 2 bed, 1 bath home features a spacious living room, dining room, chef's kitchen with Moroccan tile backsplash and butcher block countertops, and laundry room. The home is replete with beautiful details, including hardwood floors throughout, built-in cabinetry, and windows overlooking the surrounding greenery. Below is a bonus space currently operating as an Airbnb completely separate from the main living space with a living room, bedroom, bathroom, and a large additional storage space - perfect for guests or a quiet, work-at-home haven. Through the back door you will find a center courtyard with a pergola - ideal for entertaining al fresco, or playing a round of pool - sitting next to the back office. Audio specific insulation between the bottom and top floor to help with sound proofing and new insulation in the attic. Walk past your garden into the gated, flat backyard with drought-tolerant grass, enormous eucalyptus tree, corner seating area, and a second covered open air workshop, ready for all projects. A newly added gazebo and hot tub add an additional space to relax in this peaceful oasis. The long driveway leads to a one-car garage, and several additional cars can fit tandem. Recent upgrades include: new HVAC system, central A/C, foundation bolting and retrofitting, new exterior siding and railing, and new triple pane windows, gazebo and hot tub, new water heater, and new dishwasher. Property features aspirational California native plants, including Elderberry, Toyon, Mountain Mahogany, Big Berry Manzanita, and White Sage. Fruit trees include year-round key limes, peach, and jujube. Walkable to York Park, Cleland Park, and York Boulevard's best bars, shops, and restaurants, this home is a must see!

Price History

Date
Event
Price
12/16/22
Sold
$1,220,000
07/01/14
Sold
$450,000
10/28/98
Sold
$127,000
Condition Rating
Good

The property, built in 1924, has been updated with a chef's kitchen featuring Moroccan tile backsplash and butcher block countertops. Recent upgrades include a new HVAC system, central A/C, foundation bolting and retrofitting, new exterior siding and railing, and new triple pane windows. The bathrooms appear updated. While not a recent full renovation, the updates and maintenance suggest a 'good' condition.
Pros & Cons

Pros

Income Potential: The property includes a fully functioning Airbnb unit, providing immediate income potential.
Updated Systems: Recent upgrades include a new HVAC system, central A/C, foundation bolting, new exterior siding and railing, new triple pane windows, gazebo and hot tub, new water heater, and new dishwasher.
Private Outdoor Space: The property features multiple outdoor patios, a gazebo with a hot tub, a garden with fruit trees, and a flat backyard, creating a private nature refuge.

Cons

Limited Garage Space: The property only has a one-car garage, which may be insufficient for some buyers.
Small Office/Studio: The separate back structure is a small 145 sq ft. office/studio, which may not be suitable for all work-from-home needs.

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