
Los Angeles, California 90033
This Reimagined 1920s Spanish Sanctuary is a High-Potential Investment Opportunity listed at $749,000—positioned well below the $786,840 Fair Market Value by 4%. This valuation gap offers $37,840 in Instant Equity, further enhanced by eligibility for a $20,000 community grant. Boasting an Excellent Condition Rating from a 2022 renovation, the home features quartzite countertops, a primary suite expansion, and a lush urban orchard with hillside views. It is an ideal acquisition for Owner-Occupants or first-time buyers seeking a turnkey lifestyle with significant financial incentives.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1140 N Evergreen Avenue Subject | $749,000* List Price | 2 | 2 | 1,122 | $701 | - |
A 1070 N Evergreen Sold | $675,000 | 3 | 3 | 864 | $781 | 0.1 mi |
B 2601 Chelsea Street Sold | $800,000 | 3 | 2 | 1,200 | $667 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a comprehensive renovation and expansion in 2022, placing it well within the 5-year window for an excellent rating. The interior features a modern kitchen with quartzite countertops and stainless steel appliances, updated bathrooms with designer tiling, and high-quality hardwood flooring. Major systems including the HVAC, water heater, and sewer line have been recently upgraded, ensuring no deferred maintenance while preserving the home's original 1920s architectural character.
The property underwent a significant expansion and modernization in 2022, integrating high-end finishes like quartzite countertops and designer tiles with essential infrastructure upgrades including newer HVAC, water heater, and sewer lines.
The lot features a meticulously curated urban orchard with a new drip irrigation system and a variety of mature fruit trees, providing a rare, lush sanctuary and functional outdoor entertaining space.
The home qualifies for specialized community lending programs that offer reduced interest rates and a $20,000 grant, making it an exceptionally accessible and high-value opportunity for qualified buyers.
At 1,122 square feet, the interior living space is relatively compact, which may be a constraint for buyers seeking larger communal areas or additional flex space for a home office.
While beautifully reimagined, the 1921 structure may still require the specialized care and ongoing maintenance typical of century-old homes that newer constructions do not demand.
Set back from the street behind a lush garden, 1140 N Evergreen Ave. is a romantic 2 bed/2 bath gem where 1920s old-world magic has been beautifully reimagined for modern living. Up the Spanish-tiled steps, enter and find yourself in a living room where golden hour sunlight pours through a dramatic picture window, illuminating original art deco pendant lamps and elegant archways that have stood for over a century. The home underwent a significant renovation and expansion in 2022, transforming it into a functional, modern paradise while carefully preserving its architectural character. Enjoy prepping meals in a spacious kitchen accentuated with stainless steel appliances, quartzite countertops, and plenty of storage space (all while open to the dining room - perfect for entertaining). The primary bedroom was expanded as part of the renovation and features an enormous walk-in closet and ensuite bathroom with vibrant designer tile and sleek fixtures. French doors from the kitchen lead to a lush outdoor sanctuary perfect for peaceful morning coffee or dining with friends under the stars. Enjoy watching the Monarch butterflies and hummingbirds that flock to the native flora (on a new drip irrigation system), and take advantage of the bountiful and delicious dragonfruit, pomegranates, olives, pineapple guavas, figs, lemons, and oranges--your very own orchard! As functional as it is beautiful, upgrades include newer HVAC, water heater, sewer line, and more. Perfectly positioned on the border of Boyle Heights and City Terrace, the home offers easy access to DTLA, Keck Medical, and the vibrant restaurants and shops of NELA. And, if that wasn't enough to make you swoon...the home qualifies for incredible community lending programs with significantly reduced interest rates or other incentives, including a $20,000 grant! Listed at $749,000, 1140 N Evergreen Ave. is an exceptional opportunity to own something beautiful at a price rarely seen--a home that will capture your heart the moment you arrive.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 40% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,122 | 1,084.5 | 50% |
| Lot Size | 5,850 | 6,830 | 30% |
| Price | $749.0K | $640.0K | 70% |
| Price per sq ft | $668 | $579 | 70% |
| Built year | 1921 | 1922 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 204 | 10% |
Apr 16, 2026
$749,000
Initial Listing
Oct 5, 2015
$355,000
Public Record
Oct 22, 2014
$305,000
Public Record