
Los Angeles, California 90037
This High-Potential Investment Opportunity is listed at $1,075,000, positioned slightly above the $1,011,085 Fair Market Value. Despite the premium, the property features a Condition Rating of 2, reflecting a comprehensive structural overhaul including a new foundation, roof, and 220-amp electrical system. The R-3 Zoning on a 6,502 sqft lot provides exceptional development potential for up to three units or an ADU conversion. This is a sophisticated Asset ideal for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, future-proofed property in Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1330 W 48th Subject 4 bd · 4 ba · 1,604 sqft · $613 | $1,075,000* List Price | 4 | 4 | 1,604 | $613 | - |
A 1301 W 46th Sold 4 bd · 4 ba · 1,722 sqft · $531 · 0.2 mi | $915,000 | 4 | 4 | 1,722 | $531 | 0.2 mi |
B 4239 S Raymond Avenue Sold 3 bd · 1 ba · 1,218 sqft · $640 · 0.5 mi | $780,000 | 3 | 1 | 1,218 | $640 | 0.5 mi |
C 4279 Walton Avenue Active Under Contract 4 bd · 3 ba · 1,411 sqft · $602 · 0.5 mi | $849,000 List Price | 4 | 3 | 1,411 | $602 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone extensive reconstruction and a complete modern remodel within the last few years. Key upgrades include a new foundation, new roof, full copper plumbing, and a new 220-amp electrical system. The interior is in mint condition with a brand-new gourmet kitchen featuring quartz countertops, updated bathrooms, luxury laminate flooring, and new ductless A/C systems throughout.
The property sits on a generous 6,502 sqft lot rezoned to R-3, offering significant investment upside with the potential to build up to three units or convert the detached garage into an ADU.
Rare for a 1908 build, the home features a new foundation, new roof, full copper plumbing, and an updated 220-amp electrical system, providing the peace of mind associated with new construction.
The interior boasts a stunning gourmet kitchen with quartz countertops and stainless appliances, complemented by luxury laminate flooring, recessed lighting, and dual-pane windows throughout.
With 4 bedrooms and 3.5 bathrooms configured within 1,604 square feet, the individual room sizes and common living areas may feel constrained for larger families.
The property listing indicates no significant views, which may limit its appeal to buyers seeking the aesthetic vistas or elevated perspectives common in the Southern California market.
Welcome to this beautifully remodeled 4-bedroom, 3.5-bath home situated on a huge newly rezoned R-3 lot with exceptional future development potential. Thoughtfully redesigned with quality finishes and extensive upgrades throughout, this spacious home offers a versatile floor plan ideal for comfortable living, entertaining, multi-generational living, or future investment. The first floor features three bedrooms, 2.5 bathrooms, and an oversized living room with an abundance of natural light. Upstairs, the expansive primary suite offers a spacious private retreat with a full bathroom and additional living space. At the heart of the home is a stunning gourmet kitchen featuring gleaming quartz countertops, custom lighting, stainless-steel appliances, gas range, breakfast bar, double sink, slow-close cabinetry, and convenient corner Lazy Susans. A separate laundry room is located just off the kitchen with both gas and electric hookups. Beautiful interior upgrades include luxury laminate faux-wood flooring, dual-pane windows, raised-panel doors, mirrored closet doors, smooth ceilings, recessed lighting, ceiling fans, A/C-ductless, water-conserving fixtures, and detailed base and crown accents throughout. The home has undergone extensive reconstruction, including a new foundation and footings, new roof, full copper plumbing, new electrical system, and updated systems throughout. Permits, plans, and Certificate of Occupancy are available. Step outside to enjoy a long front porch with epoxy flooring overlooking a beautifully landscaped front yard featuring banana trees and watermelon. The partial fenced and gated backyard offers grass, a watermelon vine, avocado and lime trees, and plenty of space for outdoor enjoyment. The huge R-3 lot offers significant future potential, with the zoning allowing for the possibility of up to three homes, subject to applicable requirements and approvals. An 8-car driveway leads to a detached 2-car garage that is ideally positioned for a potential ADU conversion. A new 220-amp electrical panel with two separate meters adds even more flexibility for a future ADU. This unique property combines a beautifully remodeled home, extensive structural and system upgrades, a substantial R-3 lot, and outstanding future development potential.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-2 • 0.4 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 1,604 | 1,670.836 |
| Lot Size | 6,502 | 6,152.156 |
| Price | $1.07M | $1.34M |
| Price per sq ft | $670 | $807 |
| Built year | 1908 | 1941 |
| HOA | $0 | $238 |
| Days on market | 52 | 56 |
Sep 18, 2026
$1,075,000
Initial Listing
Jul 22, 2022
$575,000
Public Record