
Los Angeles, California 90035
This 1929 Spanish residence presents a High-Potential Investment Opportunity with a List Price of $1,699,000—positioned well below the $1,713,707 Fair Market Value by 0.86%. Featuring RLA3 Zoning and a 5,769 sq. ft. lot, this property offers significant redevelopment potential for ADUs. With a Condition Rating of 4, the home requires a full renovation, making it an ideal project for Buy-and-Hold Investors or Owner-Occupants seeking to capitalize on the prime Pico-Robertson location and proximity to top-rated schools like Beverly Hills High.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1056 S Shenandoah Subject 3 bd · 2 ba · 1,746 sqft · $982 | $1,699,000* List Price | 3 | 2 | 1,746 | $982 | - |
A 1518 S Durango Avenue Sold 3 bd · 2 ba · 1,883 sqft · $1,129 · 0.6 mi | $2,126,000 | 3 | 2 | 1,883 | $1,129 | 0.6 mi |
B 1159 Alvira Street Sold 3 bd · 2 ba · 2,238 sqft · $889 · 0.5 mi | $1,988,500 | 3 | 2 | 2,238 | $889 | 0.5 mi |
C 1124 Alvira Street Sold 3 bd · 2 ba · 2,385 sqft · $914 · 0.6 mi | $2,180,000 | 3 | 2 | 2,385 | $914 | 0.6 mi |
D 1110 Hi Point Street Sold 4 bd · 3 ba · 2,244 sqft · $968 · 0.8 mi | $2,172,000 | 4 | 3 | 2,244 | $968 | 0.8 mi |
E 1733 S Corning Active Under Contract 3 bd · 2 ba · 1,658 sqft · $983 · 0.8 mi | $1,630,000 List Price | 3 | 2 | 1,658 | $983 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1929, this property is marketed as a 'fixer-upper' and has been held by the same owner for over 30 years. While the kitchen shows a previous renovation (likely 20-25 years old) with stone countertops and recessed lighting, the overall aesthetic is dated. The presence of a rooftop HVAC unit suggests some system maintenance, but the 'AS-IS' condition and 'blank slate' description indicate the home needs significant cosmetic and likely systemic updates to meet modern standards.
High School: Beverly Hills High School (9/10).
The RLA3 zoning on a generous 5,769 sq. ft. lot presents a prime opportunity for investors or builders to add multiple ADUs or redevelop the site into a multi-unit complex.
Situated in a highly desirable and affluent neighborhood minutes from Beverly Hills, the property offers exceptional access to world-class shopping, dining, and entertainment.
Sold in 'as-is' condition as a fixer-upper, the property requires significant capital investment and a complete overhaul to meet modern living standards.
The converted garage living area is not included in the official square footage, which may present challenges with financing, appraisals, or legal permitting.
Discover the Massive potential of this 1929 Spanish fixer-upper ready for its next chapter. First time on the market over 30 years, with a nice grassy flat backyard to enjoy. This old Spanish has a basement as well... just like in the old days. Conveniently located in the heart of the highly desirable Pico-Robertson neighborhood with 3-bedrooms, 2 bathrooms, and 1,746 sq. ft. of living space, this property offers a blank slate for your creative vision. Situated on a generous 5,769 sq. ft. lot that is an RLA3 zoning, this property presents a prime opportunity for an owner-user transformation or a builder/investor complete redevelopment by adding multiple ADU's or units (buyer must independently verify with the City of Los Angeles). Located minutes from Beverly Hills the property offers convenient access to some of Los Angeles' premier Shopping, Dining, and Entertainment destinations, surrounded by a lot of the best that Los Angeles has to offer. This property resides in one of the city's most vibrant and affluent areas. Property sold in AS-IS condition.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,746 | 1,670.836 |
| Lot Size | 5,769 | 6,152.156 |
| Price | $1.70M | $1.34M |
| Price per sq ft | $973 | $807 |
| Built year | 1929 | 1941 |
| HOA | $0 | $238 |
| Days on market | 11 | 56 |
Oct 29, 2026
$1,699,000
Initial Listing