1243 N Beachwood Drive, Los Angeles, California 90038, Los Angeles, 90038 - 4 bed, 4 bath
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Los Angeles, California 90038
This property presents a High-Potential Investment Opportunity with a List Price of $1,490,000—positioned well below the $1,546,119 Fair Market Value by 3%. This valuation gap offers $56,119 in Instant Equity. With a Condition Rating of 6, the 1914 structure requires significant infrastructure updates, yet the 4-bedroom, 4-bathroom layout and large lot size provide a rare development footprint in a prime Hollywood submarket. This is an ideal acquisition for Buy-and-Hold Investors or Developers seeking a value-add project.
Property is land value only, full reconstruction required.
Built in 1914 with no evidence of significant renovation in over 50 years. The exterior shows severe deferred maintenance, including peeling paint and weathered siding. Marketing as a 'package' with the adjacent lot strongly indicates a land-value play for development.
The listing highlights a package deal with the adjacent property, offering a rare opportunity for developers or investors to acquire a larger footprint in a high-demand Hollywood submarket.
With 4 bedrooms and 4 bathrooms across nearly 2,400 square feet, the property offers a functional and versatile layout that is ideal for large families or high-yield rental strategies.
Situated on the iconic Beachwood Drive, the property boasts a prestigious address with excellent proximity to major film studios, entertainment hubs, and urban amenities.
Built in 1914, the century-old structure likely requires significant updates to its core systems, including plumbing, electrical, and foundation, to meet modern standards.
The property is noted as having no views, which may be a competitive disadvantage in a neighborhood where hillside or city-light vistas often command a significant price premium.
Don't let the price stop you from making an offer. Seller wants to make a move! Nice package with the house next door!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,399 | 1,672 |
| Lot Size | 6,752 | 6,067 |
| Price | $1.49M | $1.37M |
| Price per sq ft | $621 | $801 |
| Built year | 1914 | 1939 |
| HOA | $0 | $348 |
| Days on market | 10 | 56 |
Jul 13, 2026
$1,490,000
Initial Listing
Jul 12, 2026
$14,900,000
Initial Listing
May 17, 2018
$1,300,000
Public Record