ActiveResidential · sale

2348 Loy Lane

Los Angeles, CA 90041

$3,615,000

  • 2 beds
  • 1 baths
  • 975 sq ft
  • 0.12 acres
  • Built 1927

Listed by Century Financial Group, Corp. · MLS #PW26110605

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PROPERTY QUESTIONS & SHOWINGS

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2348 Loy Lane, Los Angeles, CA 90041 · MLS #PW26110605

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A FEW THINGS TO NOTICE

What stands out.

Additional spaces

A detached bonus space with private entry adds flexibility for a home office, creative studio, gym, or guest suite.

Year built

Built in 1927.

Property size

0.12 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Property is being offered via auction.

Nestled on a quiet, tree-lined street in one of Northeast LA’s most sought-after neighborhoods, 2348 Loy Lane is a beautifully restored 1927 Spanish Revival that seamlessly blends timeless character with modern comfort. From the arched entryway and warm stucco exterior to the terracotta tile accents, the home’s original charm is evident from the moment you arrive.

Inside, natural light fills the open living and dining areas, showcasing crown molding, boxed wainscoting, high baseboards, and wide-plank engineered hardwood flooring throughout. The thoughtfully redesigned kitchen serves as the heart of the home, featuring quartz countertops, full-height subway tile backsplash, custom shaker cabinetry, stainless steel appliances, and a spacious center island with designer lighting — perfect for everyday living and entertaining.

Both bedrooms offer bright, comfortable retreats, while the updated spa-inspired bathroom features marble-look tile, a modern vanity, and contemporary fixtures. A detached bonus space with private entry adds flexibility for a home office, creative studio, gym, or guest suite.

Additional upgrades include central heat and A/C, dual-pane windows, recessed lighting, tankless water heater, interior laundry hookups, and updated smoke and carbon monoxide detectors. Situated on a level 5,376 sq ft lot, the property also features a gated front yard, mature landscaping, attached carport, and additional driveway parking.

Ideally located near local favorites including Found Coffee, Casa Bianca, Cindy’s, The Capri Club, Eagle Rock Recreation Center, and Eagle Rock Canyon Trail. Convenient access to Occidental College, the York Boulevard corridor, Pasadena, Glendale, and Downtown LA via the 134 freeway.

A rare opportunity to own a turnkey character home in the heart of Eagle Rock.

THE NEIGHBORHOOD

Explore the location.

2348 Loy Lane, Los Angeles, CA 90041

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1927
Full baths
1
Garage spaces
0
Cooling
CentralAir
Heating
ForcedAir
Appliances
Dishwasher,GasCooktop,GasOven,Microwave,Refrigerator,TanklessWaterHeater
Flooring
Tile,Wood
Utilities
ElectricityAvailable,NaturalGasAvailable
Fencing
GoodCondition
Pool
No
Pool features
None
Spa
No
Parcel
5682022004
High school
Eagle Rock
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$15,062.50
Cap rate

Annual operating income:

HOA: No HOA cost is included because the listing source reports a $0 fee. Confirm current dues and special assessments before relying on this estimate.

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Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

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Listing information

MLS #PW26110605 · California Regional MLS

Listing brokerage: Century Financial Group, Corp.
Listing agent: Thao Nguyen

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.