
Los Angeles, California 90046
This property presents a High-Potential Investment Opportunity with a List Price of $1,799,000—positioned well below the $1,594,706 Fair Market Value by -12%. While the property requires a full renovation, its Condition Rating of 5 and prime location in the Spaulding Square HPOZ offer significant upside for forced appreciation. The 6,748 sqft lot and 1918 architectural character provide a rare canvas for a custom luxury residence. This is a strategic acquisition ideal for Fix-and-Flip Investors or Owner-Occupants seeking a value-add project in a historic enclave.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1325 N Spaulding Avenue Subject 3 bd · 2 ba · 1,568 sqft · $1,017 | $1,799,000* List Price | 3 | 2 | 1,568 | $1,017 | - |
A 750 N Orange Grove Avenue Sold 2 bd · 1 ba · 1,339 sqft · $1,064 · 0.7 mi | $1,425,000 | 2 | 1 | 1,339 | $1,064 | 0.7 mi |
B 1301 N Orange Grove Avenue Active Under Contract 4 bd · 4 ba · 1,864 sqft · $960 · 0.2 mi | $1,790,000 List Price | 4 | 4 | 1,864 | $960 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1918 and marketed as a 'renovation opportunity' for investors, this property requires a full rehab. While a new roof was installed in 2025, the interior shows dated finishes and the exterior structures exhibit significant wear and deferred maintenance, fitting the criteria for a property needing major updates and structural attention.
Situated in the prestigious Spaulding Square HPOZ, the property offers high desirability and value retention within one of Los Angeles' most sought-after historic residential enclaves.
With its original 1918 architectural character and generous 6,746 sqft lot, this residence presents a rare renovation opportunity for investors or owner-users to create a custom luxury home.
The installation of a new roof in 2025 provides immediate peace of mind and reduces the initial capital expenditure required for the renovation process.
The property is being sold in 'as-is' condition and requires a full renovation, which will necessitate a substantial additional budget and time investment beyond the purchase price.
Being located within a Historic Preservation Overlay Zone means any exterior updates or expansions are subject to strict city guidelines, potentially limiting design flexibility and increasing permit timelines.
Excellent renovation opportunity for an investor or owner-user in the coveted Spaulding Square Community, one of Los Angeles' most distinctive historical residential enclaves. Set on an approximately 6,746 square foot lot, this character filled home offers a rare opportunity to own in the heart of one of LA's most sought after locations. The approximately 1,568 square foot residence with 3 bedrooms and 2 bathrooms along with 2 patios retains much of its original charm and architectural character. The property is located within the Spaulding Square Historic Preservation Overlay Zone (HPOZ), just minutes from Santa Monica Boulevard, West Hollywood, Melrose Avenue and Sunset Boulevard, offering numerous dining, entertainment and local attractions. New roof installed in 2025. The property is being sold "as-is."
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,568 | 1,670.836 |
| Lot Size | 6,748 | 6,152.156 |
| Price | $1.80M | $1.34M |
| Price per sq ft | $1.1K | $807 |
| Built year | 1918 | 1941 |
| HOA | $0 | $238 |
| Days on market | 35 | 56 |
Oct 5, 2026
$1,799,000
Initial Listing