
Los Angeles, California 90019
This Miracle Mile Income-Generating Property is a Strong Value Opportunity, listed at $1,599,000—positioned well below the $1,595,267 Fair Market Value (priced at market stability). Featuring a 1935 main residence in Good Condition and a 2022 detached ADU, the property offers a rare blend of vintage character and modern utility. With a private deck and patio, this asset provides immediate rental income to offset ownership costs. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, high-demand Miracle Mile residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1185 Hauser Boulevard Subject | $1,599,000* List Price | 4 | 3 | 1,885 | $846 | - |
A 1159 S Sierra Bonita Avenue Sold | $1,850,000 | 4 | 3 | 2,165 | $855 | 0.2 mi |
B 1174 Carmona Avenue Sold | $1,801,174 | 4 | 4 | 2,083 | $865 | 0.0 mi |
C 5154 W 12th Street Sold | $1,665,000 | 3 | 2 | 1,700 | $979 | 0.6 mi |
D 1282 Meadowbrook Avenue Sold | $1,415,000 | 2 | 2 | 1,446 | $979 | 0.4 mi |
E 1535 Carmona Ave Sold | $1,600,000 | 3 | 2 | 1,831 | $874 | 0.5 mi |
F 1558 Hauser Sold | $1,156,000 | 3 | 2 | 1,577 | $733 | 0.6 mi |
G 1854 S Mansfield Avenue Sold | $1,300,000 | 4 | 2 | 1,742 | $746 | 0.9 mi |
H 1343 Carmona Avenue Sold | $1,499,000 | 3 | 3 | 1,363 | $1,100 | 0.3 mi |
I 1185 Hauser Boulevard 1185 Active | $1,549,000 List Price | 4 | 3 | 1,843 | $840 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property consists of a 1935 main home and a 2022 ADU. The main residence is exceptionally well-maintained with modern central HVAC, hardwood floors, and updated interiors that appear move-in ready. While the main house retains its vintage character, the addition of a brand-new, high-quality ADU and the overall functional state of the systems align with the 'Good' criteria.
The 2022-built detached ADU provides a reliable $3,000 monthly income with separate utilities and entrance, significantly offsetting ownership costs.
Situated in a highly walkable and sought-after neighborhood near LACMA, The Grove, and the future Wilshire Metro station, ensuring strong long-term appreciation.
The 1935 main residence perfectly balances vintage charm, such as hardwood floors and a fireplace, with essential modern comforts like central HVAC.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1885, other record living area = 1843.
The property relies on a long driveway for tandem parking, which can be less convenient for multi-car households compared to a garage or side-by-side layout.
Being a 1935 structure, the main residence may require more frequent maintenance and potential system updates compared to newer construction.
1935 Character Home + Detached 2022 ADU. The Best of Miracle Mile Living. Discover the perfect blend of timeless character, modern convenience, and built-in income in one of Los Angeles' most sought-after neighborhoods. Originally built in 1935, this beautifully maintained Miracle Mile property offers a rare opportunity to enjoy a classic character home while benefiting from a fully independent, income-producing ADU tucked discreetly at the rear of the property. The inviting front residence features 3 bedrooms and 2 bathrooms, where vintage charm meets today's lifestyle. Rich hardwood floors, central heating and air conditioning, and a welcoming living room with a fireplace create a warm and comfortable atmosphere. A separate dining room opens to the private backyard, seamlessly connecting indoor and outdoor living spaces. The spacious kitchen features a cheerful breakfast nook and an adjacent laundry area. Designed for both entertaining and everyday enjoyment, the fully gated grounds offer exceptional privacy, a long driveway with generous tandem parking, a grassy backyard, an expansive wood deck for outdoor dining and gatherings, and an additional fenced side patio perfect for gardening, relaxing, or additional storage. Built in 2022, the detached ADU is far more than a guest house. Complete with its own address, separate gas and electric meters, private alley entrance, gated parking, outdoor patio, and dedicated laundry area, it lives as a completely independent residence. The approximately 558-square-foot 1-bedroom, 1-bathroom home is occupied by outstanding long-term tenants who have consistently paid $3,000 per month since January 2024, generating immediate and reliable income that can significantly offset your monthly ownership costs. Whether you're looking to live in the front home while generating passive income, accommodate extended family with complete privacy, or add a valuable asset to your real estate portfolio, this exceptional property offers flexibility that is increasingly difficult to find in today's market. Located in the heart of Miracle Mile, you'll enjoy easy access to neighborhood cafes, acclaimed restaurants, boutique shopping, local markets, LACMA, the Academy Museum, The Grove, Beverly Center, and the future Wilshire Metro station, placing some of Los Angeles' finest dining, culture, and entertainment just minutes from your doorstep.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,885 | 1,672 |
| Lot Size | 6,568 | 6,067 |
| Price | $1.60M | $1.37M |
| Price per sq ft | $848 | $801 |
| Built year | 1935 | 1939 |
| HOA | $0 | $348 |
| Days on market | 12 | 56 |
Jul 10, 2026
$1,599,000
Initial Listing
Mar 31, 2022
$1,590,000
Public Record
Mar 20, 2020
$980,000
Public Record