
Los Angeles, California 90041
This property presents a Strong Value Opportunity with a List Price of $1,599,000—positioned well below the $1,706,622 Fair Market Value by 6%. This valuation gap offers $107,622 in Instant Equity for the buyer. Featuring a 4/10 Condition Rating, the home offers significant Development & Value-Add Potential via its 12,118 sq ft lot and Mountain Views. Located near Top-Rated Schools like Delevan Drive Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term wealth through renovation.
Property is moderate renovation needed.
Built in 1992, the property is over 30 years old and appears to be in mostly original condition. The kitchen features dated oak cabinetry and the bathrooms retain 90s-era fixtures and gold-tone hardware. Interior finishes show significant wear, particularly the stained carpeting and scuffed walls, indicating a need for cosmetic updates and likely servicing or replacement of original mechanical systems.
Elementary School: Delevan Drive Elementary School (9/10).
Boasting over 3,700 square feet with five bedrooms and high ceilings, this residence offers a rare scale of living space and volume for the Eagle Rock market.
The expansive 12,000+ square foot tiered lot provides significant opportunities for an ADU or pool installation, complemented by impressive mountain views.
As a long-held family home described as 'comfortable as-is,' the property likely requires significant cosmetic modernization to meet current luxury standards.
The three-tiered nature of the lot may limit immediate usable flat yard space and increase the complexity and cost of future landscaping or construction projects.
Rare opportunity to own a long-time family home of 35+ years. 5 bedrooms, 3.5 baths, over 3,700 sq ft with high ceilings and a nearly 13,000 sq ft 3-tiered lot. ADU and Pool potential with an amazing view. Comfortable as-is with endless potential to create your vision. Enjoy easy freeway access for commuting, nearby outdoor activities including Tennis and Basketball, well-regarded schools, and popular dining north of Colorado.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-6 • 0.7 mi
Grades K-6 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 94% |
| Baths | 4.0 | 2.0 | 91% |
| Square foot | 3,756 | 1,661.5 | 97% |
| Lot Size | 12,118 | 7,041 | 92% |
| Price | $1.60M | $1.41M | 66% |
| Price per sq ft | $426 | $904 | 2% |
| Built year | 1992 | 1926 | 95% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 136 | 3% |
May 7, 2026
$1,599,000
Initial Listing
Apr 30, 2019
$1,100,000
Public Record