1011 Terrace 49, Los Angeles, California 90042, Los Angeles, 90042 - 3 bed, 2 bath

1011 Terrace 49, Los Angeles, California 90042 home-pic-0

1011 Terrace 49

Los Angeles, California 90042

ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,568Sq Ft
7,501Lot Size

Property Price

LIST PRICE$1,295,000
EST. MARKET VALUE
$1,390,872
6% BelowMARKET VALUE

SUMMARY

Analysis of 1011 Terrace 49, Los Angeles, California 90042 reveals a Prime Investment Opportunity with a current list price of $1,295,000—significantly undercutting the $1,390,872 Fair Market Value by 6%. This valuation gap indicates a +$95,872 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$1,390,872 +$95,872 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
1011 Terrace 49
Subject
$1,295,000*
List Price
321,568$887-
A
710 N Avenue 50
Sold
$1,525,000331,428$1,0680.5 mi
B
1336 Armadale Avenue
Sold
$1,415,000331,504$9410.4 mi
C
4854 Buchanan
Sold
$1,170,000331,350$8670.4 mi
D
4925 Buchanan Street
Sold
$1,500,000321,698$8830.5 mi
E
1411 Armadale Avenue
Active Under Contract
$1,494,000
List Price
431,595$9370.5 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

The property is move-in ready and features significant updates that elevate it above its 1981 construction date. Key highlights include recently refinished hardwood floors, vaulted wood-clad ceilings, and a modernized galley kitchen with stainless steel appliances and stone countertops. The primary bathroom features a contemporary tiled walk-in shower, and the exterior includes a well-maintained large wood deck and professional landscaping. The home shows minimal wear and tear and has been well-maintained through thoughtful renovations.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7501, living area = 1568.

  • Breathtaking Mountain Views

    The property features stunning 180-degree views of the San Gabriel Mountains and Mount Baldy, complemented by a large wood deck and vaulted wood-clad ceilings that maximize the scenic California lifestyle.

  • Prime Location & School District

    Situated in the highly desirable Mount Washington neighborhood, the home is zoned for the top-rated Mt. Washington Elementary and is just blocks from Cleland Park and the vibrant shops on York Boulevard.

CONSRISKS & DEFICIENCIES

  • Steep Hillside Lot

    The terraced hillside backyard, while beautifully landscaped, may limit usable flat outdoor space for traditional recreational activities or future structural expansions.

  • Compact Kitchen Layout

    The functional galley-style kitchen, though updated with modern appliances, offers a more enclosed and narrow workspace compared to the open-concept kitchen designs preferred by many modern buyers.

About 1011 Terrace 49

Located in the hills of Mount Washington, this unique and beautiful three-bedroom, two-bath home offers breathtaking views, thoughtful updates, and effortlessly stylish California living. The inviting living room features recently refinished hardwood floors, vaulted wood-clad ceilings, a built-in bookshelf, and a cozy wood-burning fireplace — all framed by sweeping views of the San Gabriel Mountains and snow-capped Mount Baldy. It’s a warm and welcoming space, perfect for relaxing or entertaining. A functional galley kitchen is outfitted with stainless steel appliances, a Waterdrop Reverse Osmosis system, and tasteful finishes that flow seamlessly into the adjacent dining area. The spacious primary suite offers a serene retreat with a beautifully tiled walk-in shower and not one, but two, generous walk-in closets! Two additional bedrooms are located across the hall for added privacy and share a well-appointed second bath. Step outside to a terraced, thoughtfully landscaped hillside backyard filled with a lush abundance of drought-tolerant plants and mature fruit trees. A large wood deck provides the perfect setting to take in the stunning 180-degree views — ideal for morning coffee, sunset dinners, or moments of quiet contemplation. Ample space beyond the deck invites future possibilities. The oversized two-car garage includes two additional storage rooms, offering exciting potential for a home office, studio, or expanded living space. Zoned for the sought-after Mt. Washington Elementary School or Aldama Elementary School, with its respected dual language program (buyer to confirm enrollment options). Enjoy an unbeatable location just two blocks from neighborhood gem Cleland Park, with a gated playground and separate dog park, or take an easy downhill stroll to the many shops and restaurants along York Boulevard. A rare opportunity to own a view home in one of Northeast LA’s most cherished neighborhoods.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1981
Lot Size
7,501 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths2.02.0
50%
Square foot1,5681,350
66%
Lot Size7,5015,401
82%
Price$1.29M$1.23M
58%
Price per sq ft$826$882
42%
Built year19811925
87%
HOA$0$0
50%
Days on market7176
1%

Pricing History

Listed for Sale

Feb 27, 2026

$1,295,000

Initial Listing

Sold

Jan 13, 2017

$841,000

Public Record

Sold

May 16, 2014

$749,000

Public Record

Sold

Sep 15, 1999

$193,000

Public Record

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