10294 Cresta Drive, Los Angeles, California 90064, Los Angeles, 90064 - 4 bed, 2 bath
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Los Angeles, California 90064
This Redevelopment Asset represents a Strong Value Opportunity with a List Price of $2,499,000—positioned well below the $2,671,862 Fair Market Value by 6%. This valuation gap provides $172,862 in Instant Equity for buyers prepared to address a Condition Score of 5 and significant deferred maintenance. Boasting an expansive 10,925 sqft lot and elevated views, the property offers massive upside near the 9/10 rated Overland Avenue Elementary. It is a premier acquisition for Fix-and-Flip Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10294 Cresta Drive Subject | $2,499,000* List Price | 4 | 2 | 2,128 | $1,256 | - |
A 10448 Cheviot Drive Sold | $2,055,000 | 2 | 2 | 1,973 | $1,042 | 0.4 mi |
B 10582 Cheviot Drive Sold | $2,175,000 | 4 | 4 | 2,183 | $996 | 0.7 mi |
C 2929 Wicklow Road Sold | $2,875,000 | 3 | 2 | 2,094 | $1,373 | 0.2 mi |
D 10337 Dunleer Drive Sold | $2,405,000 | 3 | 2 | 1,868 | $1,287 | 0.3 mi |
E 3208 Barbydell Drive Sold | $2,725,000 | 3 | 3 | 2,454 | $1,110 | 0.5 mi |
F 2351 Parnell Avenue Sold | $2,200,000 | 3 | 2 | 1,943 | $1,132 | 0.9 mi |
G 2642 Manning Avenue Active | $2,450,000 List Price | 4 | 2 | 1,918 | $1,277 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1940 with no evidence of recent major renovations. Aerial photography reveals a large tarp covering the roof, indicating significant deferred maintenance or active water intrusion. The listing's emphasis on 'development potential' and 'investment opportunities' suggests the structure requires a total rehab to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10925, living area = 2128.
Elementary School: Overland Avenue Elementary School (9/10).
Situated in the highly desirable Cheviot Hills/Rancho Park area, the property is within walking distance to Rancho Park and Golf Course and is served by the top-rated Overland Avenue Elementary School.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2128, other record living area = 1303. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
Originally built in 1940, the residence likely requires significant modernization or structural updates to meet contemporary luxury standards and the expectations of today's buyers.
With four bedrooms but only two bathrooms, the current layout may be inconvenient for larger families and falls below the typical bed-to-bath ratio for homes in this price bracket.
This spacious 4-bedroom, 2-bathroom home offers a rare blend of comfort, scenery, and opportunity. Thoughtfully laid out, the residence features generous living areas filled with natural light, a well-appointed kitchen, and versatile bedrooms suited for family living, guests, or a home office. Step outside to enjoy sweeping views that create a peaceful backdrop for everyday living and entertaining alike. Whether it's morning coffee or evening gatherings, the setting makes the most of its elevated outlook. Beyond its immediate charm, the property presents exciting future development potential. With ample lot space and favorable positioning, it offers flexibility for expansion, customization, or investment opportunities (buyer to verify with local planning authorities).A unique chance to own a home that not only delivers today but also holds promise for tomorrow. Walking distance to Rancho Park and Golf Course.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 36% |
| Square foot | 2,128 | 2,185.5 | 47% |
| Lot Size | 10,925 | 6,327.5 | 97% |
| Price | $2.50M | $2.20M | 62% |
| Price per sq ft | $1.2K | $1.1K | 70% |
| Built year | 1940 | 1946 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 181 | 1% |
Apr 24, 2026
$2,499,000
Initial Listing