
Los Angeles, California 90004
This 1910 Craftsman represents a High-Potential Investment Opportunity, listed at $1,495,000—positioned above the $1,438,940 Fair Market Value by -3%. While requiring a full renovation due to its Condition Rating of 5, the property offers significant upside through its 6,627 sqft lot and detached garage, ideal for ADU development. Located near Paramount Studios and Hancock Park, this Asset provides a strategic entry into a high-demand rental market. It is a prime acquisition for Buy-and-Hold Investors or Contractors focused on long-term value-add strategies.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 128 N St Andrews Place Subject | $1,495,000* List Price | 5 | 2 | 1,976 | $728 | - |
A 136 S Arden Boulevard Sold | $1,905,000 | 3 | 2 | 1,996 | $954 | 0.8 mi |
B 239 S Gramercy Place Sold | $1,330,000 | 3 | 1 | 1,787 | $744 | 0.3 mi |
C 5021 Elmwood Avenue Sold | $1,100,000 | 3 | 1 | 1,671 | $658 | 0.5 mi |
D 122 N Ridgewood Place Pending | $1,595,000 List Price | 5 | 4 | 2,389 | $668 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1910 and explicitly described as not recently updated, this property is marketed as a 'blank canvas' for renovation. Interior images reveal dated popcorn ceilings, old tile flooring, and visible wall cracks, suggesting that the kitchen, baths, and major systems require a full rehab to meet modern standards.
Situated in the historic St. Andrews Square District, the property offers proximity to high-end neighborhoods like Hancock Park and Larchmont Village, providing significant long-term appreciation potential in a desirable 'value pocket'.
With a generous 6,627 sqft lot and a drywalled detached two-car garage, there is excellent opportunity for an ADU conversion, redevelopment, or creative workspace to maximize equity and rental income.
This 1910 Craftsman features timeless character, including a welcoming front porch and historic charm, serving as a highly sought-after foundation for a high-end restoration project.
The home has not been recently updated and is presented as a blank canvas, necessitating a substantial capital investment for modern upgrades and repairs to realize its full market value.
Featuring five bedrooms but only two bathrooms, the current layout is underserviced for a large household and may require structural reconfiguration to meet modern buyer expectations.
Located just blocks from Paramount Studios in the historic St. Andrews Square District, this charming two-story 5-bedroom, 2-bath Craftsman presents a rare opportunity in one of Los Angeles’ most centrally connected pockets. The home offers a generous living space and is waiting for the next owner or Investor to thoughtfully bring it into its next chapter. The welcoming front porch sets the tone for a residence that reflects the classic charm of the neighborhood, where tree-lined streets and historic architecture define the setting. While the home has not been recently updated, it offers a true blank canvas with strong upside potential for those looking to reimagine, renovate, or add value. Adding to the functionality of the property is a long driveway with parking for multiple vehicles, along with a detached two-car garage that is fully drywalled, offering flexibility for storage, workspace potential, or future creative use. Positioned in a highly desirable “value pocket” of Los Angeles, the area borders stronger, higher priced neighborhoods like Hancock Park and Larchmont Village without carrying the same entry cost. This location continues to attract attention from both homeowners and investors due to its long-term appreciation potential and flexibility for value add strategies. Just minutes away from Larchmont Village cafes and restaurants, Hollywood studios, Koreatown nightlife, and major commuter routes including the 101 freeway. The surrounding streets showcase a mix of Spanish-style homes, duplexes, and multifamily properties, further enhancing the area’s appeal for rental income, ADU possibilities, or redevelopment potential. This is a rare opportunity to own a piece of Los Angeles history with endless upside in a neighborhood that continues to evolve and strengthen over time. This home is ready for a buyer to bring their vision and personal touches to life.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 73% |
| Baths | 2.0 | 4.0 | 28% |
| Square foot | 1,976 | 2,338 | 35% |
| Lot Size | 6,627 | 6,998 | 38% |
| Price | $1.50M | $1.86M | 35% |
| Price per sq ft | $757 | $957 | 40% |
| Built year | 1910 | 1923 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 146 | 5% |
May 27, 2026
$1,495,000
Initial Listing
May 27, 2005
$775,000
Public Record