
Los Angeles, California 90029
This Value-Add Residential Asset is listed at $1,000,000, positioned accurately at its $1,000,000 Fair Market Value. Currently holding a Condition Rating of 5, the structure requires a full-scale renovation to address its outdated 4-bedroom, 1-bathroom layout and deferred maintenance. The generous 6,503 sqft lot in the heart of Little Armenia provides substantial development upside, especially when paired with the available adjacent property. Located near the highly-rated John Marshall Senior High School, this asset offers strong rental demand post-rehabilitation. This is a strategic acquisition for Fix-and-Flip Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1265 N Harvard Boulevard Subject | $1,000,000* List Price | 4 | 1 | 1,488 | $672 | - |
A 770 N Alexandria Avenue Sold | $700,000 | 3 | 1 | 1,349 | $519 | 0.7 mi |
B 773 N Alexandria Avenue Active | $750,000 List Price | 2 | 2 | 1,440 | $521 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1920, this property is over 100 years old with no indication of recent major renovations. The 4-bedroom, 1-bathroom configuration is severely outdated and functionally inadequate for modern living, suggesting extensive plumbing and layout overhauls are needed. The listing's emphasis on 'investment opportunity' and 'potential for deferred maintenance' strongly implies the property requires substantial repairs and rehabilitation, including major system upgrades (electrical, plumbing, HVAC) and a complete interior renovation to meet current standards. The absence of interior photos further supports the likelihood of a very dated or poor interior condition.
Situated in the heart of "Little Armenia," offering proximity to major Hollywood attractions (Walk of Fame, TCL Chinese Theater) and desirable neighborhoods like Hollywood, Los Feliz, and Silver Lake.
Explicitly marketed as an investment opportunity, with the unique option to purchase the adjacent property for a larger combined development or rental portfolio.
A 6,503 sqft lot provides ample outdoor space, offering potential for expansion, landscaping, or accessory dwelling unit (ADU) development in a dense urban area.
The property features only one bathroom for four bedrooms, which is a significant functional limitation for a family or multiple residents and may require costly renovation to add another.
Built in 1920, the home is over a century old, likely requiring substantial updates to plumbing, electrical, and other major systems, implying potential for significant renovation costs.
The property explicitly states "View: None," which might be a disadvantage for buyers seeking aesthetic outdoor perspectives or higher resale value associated with views.
Welcome to this amazing opportunity to own in the beautiful city of Los Angeles and desirable pocket. 4 bedroom / 1 bathroom home This property is located in the heart of "Little Armenia" less then 2 miles from Hollywood walk of fame, Hollywood Wax Museum, TCL Chinese Theater and many more surrounding cities like Hollywood, Los Feliz, Silver Lake. Come check out this amazing investment opportunity as it offers many more features you have see for yourself. Home next door is also available for sale and perfect for future investment. Buying both homes together is good opportunity.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-6 • 0.3 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 82% |
| Baths | 1.0 | 2.0 | 29% |
| Square foot | 1,488 | 1,488 | 50% |
| Lot Size | 6,503 | 6,251 | 65% |
| Price | $1.00M | $1.03M | 41% |
| Price per sq ft | $672 | $714 | 29% |
| Built year | 1920 | 1918 | 65% |
| HOA | $0 | $0 | 50% |
| Days on market | 575 | 132 | 0% |
Aug 20, 2025
$1,000,000
Initial Listing
Sep 24, 2024
$1,150,000
Initial Listing
Dec 23, 2022
$1,000,000
Public Record