
Los Angeles, California 91604
This property presents a High-Potential Investment Opportunity with a List Price of $1,499,000—positioned well below the $1,517,341 Fair Market Value by 1%. This valuation gap offers $18,341 in Instant Equity. Featuring a Condition Rating of 5, the home requires significant rehabilitation, yet offers a versatile independent guest unit and vaulted beam ceilings. Located near top-rated schools like Warner Avenue Elementary, this is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11662 Laurelwood Drive Subject | $1,499,000* List Price | 4 | 3 | 2,195 | $691 | - |
A 3853 Eureka Drive Active | $1,750,000 List Price | 4 | 3 | 2,323 | $753 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1941 and explicitly marketed as a 'fixer' in 'as-is' condition, this property requires a full rehabilitation. The listing notes an unfinished primary bathroom, a neglected yard, and dated interiors, indicating significant deferred maintenance and the need for major system and cosmetic updates.
Elementary School: Warner Avenue Elementary School (9/10).
The property is situated in a highly desirable neighborhood within walking distance to the prestigious Carpenter Community Elementary School and offers easy access to the Westside, 101 Freeway, and Universal Studios.
An independent lower-level guest suite with its own kitchen, living area, and separate street-level entrance provides exceptional versatility for rental income, multi-generational living, or a private home office.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property is sold in 'as-is' condition and requires significant investment to address a neglected yard, an unfinished primary bathroom, and overall modernization needs.
The one-level living space requires climbing stairs to reach the main entrance, and the sloped, overgrown lot may present challenges for landscaping and outdoor utility.
AS-IS: FIXER with INCREDIBLE POTENTIAL. WORTH THE EFFORT! Bring your vision and transform this property into the home you've always dreamed of. This one-level home with stairs up to main entrance offers an excellent opportunity for renovation, customization, and long-term value. A formal entry welcomes you into a spacious floor plan featuring a large living room with vaulted beam ceilings, a bay window, and gas fireplace. The formal dining room offers built-in cabinetry while the spacious kitchen includes a comfortable eating area and convenient side-by-side laundry closet. The den features another gas fireplace and sliding glass doors leading to a deck and a wonderfully green, overgrown, neglected yard with a great setting for creating your own private outdoor retreat. The main level includes three generously sized bedrooms, including a primary suite with a walk-in closet and an unfinished primary bathroom, offering an opportunity to design the space to your taste. The independent, lower level guest unit adds even more versatility, featuring a kitchen, living room, bedroom, and bathroom, plus a separate street-level entrance. Perfect for guests, extended family, in-laws, rental potential, or a private living space. Additional features include a two-car garage Plenty of room to reimagine, expand and to improve the property. It needs work, but the possibilities make it worth it. Renovate, personalize, and create a home you'll be happy to call your own for years to come! Short walk to Carpenter Community Elementary School. Close to Westside, 101 Freeway, Universal Studios, Restaurants, Shopping, Markets. The neighborhood has it all.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades K-5 • 1.7 mi
Grades K-5 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,195 | 1,664.159 |
| Lot Size | 7,215 | 6,066.556 |
| Price | $1.50M | $1.35M |
| Price per sq ft | $683 | $806 |
| Built year | 1941 | 1939 |
| HOA | $0 | $278 |
| Days on market | 26 | 55 |
Aug 14, 2026
$1,499,000
Initial Listing