116 W Avenue 31, Los Angeles, California 90031, Los Angeles, 90031 - 2 bed, 1 bath
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Los Angeles, California 90031
This Historic 1910 Craftsman is a High-Potential Investment Opportunity, listed at $799,000—positioned well below the $831,185 Fair Market Value by 3%. This valuation gap provides $32,185 in Instant Equity. While maintaining a Condition Rating of 4 with original beamed ceilings and built-ins, the home offers significant upside through kitchen and bath modernization. Featuring a peek-a-boo Hollywood Sign view and proximity to Abraham Lincoln Senior High, this property balances architectural character with urban connectivity. It is an ideal acquisition for Owner-Occupants or first-time buyers looking to build equity in Lincoln Heights.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 116 W Avenue 31 Subject | $799,000* List Price | 2 | 1 | 1,467 | $571 | - |
A 545 E Avenue 28 Sold | $730,000 | 2 | 2 | 1,228 | $594 | 0.5 mi |
B 3745 Roberta Sold | $985,000 | 3 | 3 | 1,656 | $595 | 1.0 mi |
C 2222 Gates Sold | $668,000 | 4 | 1 | 1,140 | $586 | 0.9 mi |
D 3224 Griffin Active | $799,990 List Price | 4 | 2 | 1,206 | $663 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1910 Craftsman is exceptionally well-preserved with beautiful historic details like beamed ceilings and original built-ins; however, the kitchen and bathroom are dated, featuring older cabinetry, tile work, and mixed-age appliances. While the home is clean and functional, it has not undergone a full modern renovation in recent decades, fitting the criteria for a well-maintained but aged property requiring updates.
This 1910 Craftsman is rich with original architectural details, including built-in glass cabinets, wainscoting, beamed ceilings, and vintage windows that provide a soulful aesthetic rarely found in modern builds.
Located in the evolving Lincoln Heights neighborhood, the property offers exceptional access to the Metro, DTLA, and Highland Park, making it an ideal hub for commuters and those seeking NELA's vibrant culture.
At nearly 1,500 square feet, the home offers a spacious layout for a two-bedroom, featuring a dedicated laundry room, a large pantry, an office nook, and a substantial outdoor pergola for entertaining.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1467, other record living area = 1367.
The residence contains only one bathroom, which may present a challenge for families or guests and could impact the property's competitive edge compared to modernized homes in the area.
The suggestion to 'bring a little vision' indicates that the home likely requires capital investment for cosmetic updates or system upgrades to meet contemporary standards and maximize its value.
A beautifully preserved piece of Los Angeles history, this charming Craftsman offers 2 bedrooms, 1 bath, plus a cozy office nook, the layout is both functional and full of personality. A dedicated laundry room and large pantry add everyday ease, while the gorgeous dining room steals the show with original built-ins, decorative glass cabinets, and classic wainscoting. Warm hardwood floors run throughout, while sunlight pours through vintage windows, highlighting the home's architectural details and creating an inviting, lived-in warmth that's hard to replicate. The living room is anchored by an incredible fireplace and rich beamed ceilings, adding depth, texture, and a true sense of home. Outside, a spacious pergola sets the scene for effortless outdoor dining, lounging, and entertaining. Carefully preserved over time it's spacious, soulful, and offers the perfect opportunity for someone to bring a little vision and make it truly sing. Perched in one of Los Angeles' most centrally located and evolving neighborhoods, Lincoln Heights, the home enjoys peek-a-boo views of the Hollywood Sign a subtle reminder of just how close you are to the heart of it all. You're just minutes to the Metro, making DTLA, Pasadena, Highland Park, and Mount Washington incredibly accessible. Local favorites like Moo's Craft Barbecue, Mazel, Zizou, and Terra Mia are right nearby, along with all the energy, culture, and creativity that define NELA living. A true Craftsman gem in one of L.A.'s most exciting pockets.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 24% |
| Baths | 1.0 | 2.0 | 17% |
| Square foot | 1,467 | 1,379 | 52% |
| Lot Size | 4,933 | 4,936 | 48% |
| Price | $799.0K | $985.0K | 31% |
| Price per sq ft | $545 | $744 | 17% |
| Built year | 1910 | 1926 | 24% |
| HOA | $0 | $0 | 50% |
| Days on market | 45 | 116 | 14% |
Mar 19, 2026
$799,000
Initial Listing