1161 Miller Avenue, Los Angeles, California 90063, Los Angeles, 90063 - 3 bed, 1 bath
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Los Angeles, California 90063
This property presents a High-Potential Investment Opportunity with a List Price of $699,000—positioned well below the $719,284 Fair Market Value by 2%. This valuation gap offers $20,284 in Instant Equity. Featuring a Fair Condition Rating, the home offers significant upside through renovation, supported by a 5,838 sf lot and LCR3 Zoning. Its central location near major freeways and DTLA ensures strong rental demand. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1161 Miller Avenue Subject | $699,000* List Price | 3 | 1 | 1,120 | $642 | - |
A 3852 Woolwine Drive Sold | $650,000 | 3 | 1 | 1,005 | $647 | 0.3 mi |
B 1563 Mcgilvrey Sold | $615,000 | 3 | 2 | 1,284 | $479 | 0.5 mi |
C 1129 N Alma Sold | $540,000 | 3 | 2 | 792 | $682 | 0.8 mi |
D 1023 Sentinel Avenue Sold | $500,000 | 2 | 1 | 980 | $510 | 1.0 mi |
E 4253 Eugene Sold | $660,000 | 3 | 2 | 816 | $809 | 1.0 mi |
F 1182 N Bonnie Beach Active | $600,000 List Price | 3 | 2 | 968 | $620 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1939 with interior renovations (kitchen and flooring) that appear to be 15-20 years old. While the home is functional and includes a newer HVAC condenser, the dated bathroom, peeling exterior stucco, and 'value-add' description indicate a need for minor repairs and cosmetic updates.
Ideally situated in City Terrace with immediate access to major freeways (10, 5, 60, 710) and proximity to DTLA and USC Medical Center, offering exceptional convenience for commuters.
The generous 5,838-square-foot lot combined with LCR3 zoning provides a rare opportunity for expansion, ADU construction, or potential multi-unit development in a high-demand area.
This 1939 Spanish Eclectic home features classic stucco construction and hillside appeal, providing a unique aesthetic foundation and 'good bones' for a high-value renovation.
The 3-bedroom, 1-bathroom configuration is a significant drawback for modern families and may require a costly layout reconfiguration to add a second bathroom.
Marketed as an opportunity to 'bring your vision to life,' the property likely requires substantial capital investment to update 1930s-era systems and finishes to meet contemporary standards.
Welcome to 1161 Miller Avenue, a 3 bedroom, 1 bathroom home nestled in the desirable City Terrace neighborhood of Los Angeles. Ideally located just minutes from Cal State LA and with convenient access to Downtown Los Angeles, USC Medical Center, metro, and major transportation corridors including the 10, 5, 60, and 710 freeways, this character-rich Spanish Eclectic residence features classic stucco construction, architectural charm, and hillside appeal. This property offers a fantastic opportunity for homeowners, investors, or anyone looking to add value in a centrally located community. Situated on a spacious 5,838-square-foot lot, and zoned LCR3*, this 1,120 sf home presents tremendous potential for expansion, outdoor entertaining, gardening, or the creation of a personalized outdoor retreat within an urban environment. The functional floor plan provides comfortable living spaces, ample natural light, and opportunity for future improvements.City Terrace is celebrated for its central location and artistic influence. Residents enjoy proximity to local parks, recreation centers, hiking trails, and some of Los Angeles' most celebrated cultural and culinary destinations.Whether you're seeking a place to call home or an investment opportunity with upside potential, 1161 Miller Avenue offers endless possibilities.Don't miss this exceptional opportunity to bring your vision to life and unlock the full potential of this City Terrace gem.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 43% |
| Square foot | 1,120 | 1,104 | 51% |
| Lot Size | 5,838 | 4,901 | 77% |
| Price | $699.0K | $660.0K | 57% |
| Price per sq ft | $624 | $624 | 50% |
| Built year | 1939 | 1925 | 64% |
| HOA | $0 | $0 | 50% |
| Days on market | 1 | 180 | 2% |
Jun 5, 2026
$699,000
Initial Listing
Oct 31, 2013
$318,000
Public Record
Jun 10, 2013
$200,000
Public Record
May 2, 2002
$159,000
Public Record