1116 S Burnside Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 3 bed, 2 bath
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Los Angeles, California 90019
This Spanish-Style Value-Add Asset is listed at $1,199,000—positioned well below the $1,212,839 Fair Market Value by 1%. This valuation provides $13,839 in Instant Equity for an acquisition in the prestigious Mid-Wilshire corridor. Carrying a Condition Rating of 5, the residence requires a full interior rehab but offers immense upside via its 6,881 Sq Ft Lot and detached garage with ADU Potential. Located near LACMA on a premier tree-lined street, this is a high-utility project for Fix-and-Flip Investors or Owner-Occupants looking to manufacture wealth through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1116 S Burnside Avenue Subject | $1,199,000* List Price | 3 | 2 | 1,744 | $695 | - |
A 1423 S Spaulding Avenue Sold | $1,305,000 | 3 | 2 | 1,765 | $739 | 0.7 mi |
B 1128 S Citrus Avenue Pending | $1,449,000 List Price | 3 | 2 | 1,654 | $876 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1924 with no evidence of recent renovations; kitchen and baths appear 30-50 years old with dated tile and cabinetry. Presence of window AC units and acoustic tile ceilings suggest outdated systems and a need for a full interior rehab.
Situated on a picturesque tree-lined street near LACMA and top-tier dining, this property offers exceptional walkability and long-term value in a highly desirable Los Angeles neighborhood.
The generous 6,881 sqft lot includes a detached two-car garage and a bonus room, providing a rare opportunity to develop an ADU or additional creative living space for added value.
This 1924 Spanish-style residence features timeless elements such as a spacious living room with a fireplace and a sun-filled breakfast nook, serving as a perfect canvas for a high-end restoration.
Marketed as an opportunity to 'create a dream home,' the property likely requires substantial capital investment to modernize its century-old systems and interior finishes.
The listing does not mention a cooling system, which is a notable drawback for the area and may necessitate an expensive HVAC retrofit to meet contemporary buyer expectations.
Discover the charm and potential of this classic Spanish-style located in the prime and desirable mid wilshire area that is near LACMA and surrounded by great entertainment and dining options. 1116 S Burnside is located on beautiful and refreshing tree lined street with lots of character and a rare opportunity for buyers looking to create their dream home. Featuring a spacious living room with a fireplace, nicely opened to the dining room, a sunshine filled kitchen w/ bfast nook. Individual laundry room with a door leading out to the driveway. 3 spacious bedrooms and 2 baths with a bonus room leading out to a covered patio and the refreshing and private backyard. 2 car detached garage with potential for and adu or creative space.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,744 | 1,727 | 52% |
| Lot Size | 6,881 | 6,340.5 | 64% |
| Price | $1.20M | $1.31M | 43% |
| Price per sq ft | $688 | $755 | 32% |
| Built year | 1924 | 1926 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 178 | 2% |
Apr 29, 2026
$1,199,000
Initial Listing