1046 W 49th, Los Angeles, California 90037, Los Angeles, 90037 - 5 bed, 1 bath
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Los Angeles, California 90037
This High-Potential Value-Add Asset is listed at $950,000, strategically located near USC and the LA Coliseum. While the $818,458 Fair Market Value reflects its current Fair Condition Rating, the property offers significant upside through its detached rear structure with ADU conversion potential. This 1907 Craftsman features a 12-panel solar system, water softener, and a 5-bedroom layout on a large lot with a patio. Near top-rated Menlo Avenue Elementary, this is a prime acquisition for Fix-and-Flip Investors or Developers seeking forced appreciation through layout reconfiguration.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1046 W 49th Subject | $950,000* List Price | 5 | 1 | 1,675 | $489 | - |
A 1021 W 53rd St Sold | $725,000 | 4 | 2 | 1,649 | $440 | 0.3 mi |
B 4305 S Flower Street Pending | $780,000 List Price | 4 | 2 | 1,890 | $413 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1907, this property is in fair condition, showing signs of regular upkeep but requiring cosmetic and functional updates. While it features some modern improvements like a 12-panel solar system, water softener, and newer exterior paint, the interior is dated with older tile flooring and fixtures. The high bedroom-to-bathroom ratio (5:1) indicates functional obsolescence, and the backyard and detached structure require significant cleanup and renovation to meet modern standards.
Ideally situated near USC, the LA Coliseum, and Downtown Los Angeles, this property offers exceptional proximity to major employment hubs, transit lines, and world-class entertainment.
The inclusion of a detached rear structure provides a clear path for an ADU conversion, while the five-bedroom layout and large lot offer versatile options for investors or multi-generational families.
The home features a 12-panel solar power system and a water softener system, providing immediate utility cost savings and modern infrastructure rarely found in 1907 Craftsman homes.
The property is marketed with 'lots of potential' and a disclaimer for the buyer to verify all permits, suggesting possible unpermitted work or the need for significant capital expenditure for repairs.
A five-bedroom residence with only one or two bathrooms presents a functional challenge for large households and may require a costly layout reconfiguration to meet modern buyer expectations.
Welcome to Vermont Square Park! This Craftsman Style Single Family Home comes with lots of potential. Featuring 5 bedrooms, 2 baths. Open floorplan with 2 bedrooms downstairs & 3 upstairs. Large fireplace located in living room. Spacious front porch has room for your outside furniture plus a relaxing hammock to enjoy the breeze of our beautiful LA city. Exterior paint, Front gate & driveway is fairly new with lots of room to park. Included is a detached structure in the back yard that can be used as another living or possible ADU. Property has lots of fruit trees: Lemons, Oranges, Avocados, Mangos, Apples & much more. Conveniently located in the heart of LA. Minutes away from shopping centers, Metro Lines, The LA Coliseum, USC, Museums, Downtown LA, International Airport, Freeways...You name it! Be minutes away to walk & enjoy watching the World Cup Series this summer! Solar Power System with 12 Panels in home and a Water Softener System included. Buyer to verify all permits. This home is perfect for a large family, investors or developers! Come take a look!
No exterior & parking available.
Grades K-2 • 0.2 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 94% |
| Baths | 1.0 | 2.0 | 38% |
| Square foot | 1,675 | 1,300.5 | 69% |
| Lot Size | 5,851 | 5,366.5 | 59% |
| Price | $950.0K | $652.5K | 84% |
| Price per sq ft | $567 | $488 | 78% |
| Built year | 1907 | 1911 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 181 | 3% |
Apr 2, 2026
$950,000
Initial Listing
Dec 16, 2014
$338,500
Public Record