1040 N Townsend Avenue, Los Angeles, California 90063, Los Angeles, 90063 - 3 bed, 1 bath
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1040 N Townsend Avenue
Los Angeles, California 90063
ACTIVE UNDER CONTRACT
CONDITION: POOR
3Beds
1Baths
1,176Sq Ft
6,210Lot Size
Property Price
LIST PRICE$475,000
EST. MARKET VALUE
$492,091
3% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $475,000—positioned well below the $492,091 Fair Market Value by 3%. This valuation gap offers $17,091 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home requires a full renovation, yet the 6,210 sq. ft. lot provides significant upside for expansion or ADU development. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a value-add project in Los Angeles.
Estimated Market Value
$492,091+$17,091 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1040 N Townsend Avenue Subject 3 bd · 1 ba · 1,176 sqft · $418 | $475,000* List Price | 3 | 1 | 1,176 | $418 | - |
A 1059 N Hicks Ave Sold 3 bd · 2 ba · 1,280 sqft · $445 · 0.2 mi | $570,000 | 3 | 2 | 1,280 | $445 | 0.2 mi |
B 1023 Sentinel Avenue Sold 2 bd · 1 ba · 980 sqft · $510 · 0.4 mi | $500,000 | 2 | 1 | 980 | $510 | 0.4 mi |
C 4208 Blanchard Sold 3 bd · 1 ba · 1,422 sqft · $411 · 0.8 mi | $585,000 | 3 | 1 | 1,422 | $411 | 0.8 mi |
D 3190 Blanchard Active 3 bd · 1 ba · 1,216 sqft · $502 · 0.4 mi | $610,000 List Price | 3 | 1 | 1,216 | $502 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1926 with no evidence of recent renovations, this property shows significant deferred maintenance. Visible issues include cracked exterior masonry, dated wall heaters, and interior wall/ceiling damage. The listing description explicitly targets investors and contractors for a full renovation and restoration project, indicating the home needs a complete rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Value-Add Opportunity
Priced significantly below the Los Angeles median, this property offers immense upside potential for investors or contractors to renovate and build substantial equity.
- Generous Lot Size
The 6,210 sq. ft. lot provides ample space for outdoor living, potential home expansion, or the addition of an Accessory Dwelling Unit (ADU) to maximize rental income.
- Functional Footprint
The single-story layout with three bedrooms and a detached garage offers a solid, versatile foundation that is highly desirable for modern open-concept redesigns.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
The property is marketed as a project for those ready to 'restore and add value,' implying significant deferred maintenance and the need for a substantial capital injection.
- Limited Bathroom Count
A three-bedroom home with only one bathroom is a functional drawback for modern families and may require a layout reconfiguration to remain competitive in the resale market.
About 1040 N Townsend Avenue
Welcome to Townsend! Charming Home with Endless Potential! Bring your vision and creativity to this 3-bedroom, 1-bathroom, single-story home offering approximately 1,176 sq. ft. of living space on a 6,210 sq. ft. lot. This property presents an opportunity for those looking to renovate, restore, and add value. The functional floor plan detached one-car garage, and generous lot offer a great starting point for transforming this home into something special. Ideal for investors, contractors, or buyers ready to take on a renovation project. Unlock the potential and imagine the possibilities this property has to offer!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1926
- Lot Size
- 6,210 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 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
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,176 | 1,670.836 |
| Lot Size | 6,210 | 6,152.156 |
| Price | $475.0K | $1.34M |
| Price per sq ft | $404 | $807 |
| Built year | 1926 | 1941 |
| HOA | $0 | $238 |
| Days on market | 14 | 56 |
Pricing History
Listed for Sale
Oct 26, 2026
$475,000
Initial Listing