137 Douglas Street, Los Angeles, California 90026, Los Angeles, 90026 - 3 bed, 2 bath
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Los Angeles, California 90026
This Historic Craftsman Value-Add Property represents a Strong Value Opportunity, listed at $1,180,000—positioned well below the $1,291,556 Fair Market Value by 8%. This valuation gap offers $111,556 in Instant Equity for buyers. While currently holding a Fair Condition Rating, the home features preserved 1910 details, DTLA City Views, and a 727-square-foot unfinished lower level with immense ADU potential. Located near Vista Hermosa Park and Clifford Street Elementary, it perfectly balances lifestyle and appreciation. This is an ideal acquisition for Owner-Occupants or Value-Add Investors.
Property is moderate renovation needed.
While the home is a well-preserved 1910 Craftsman with significant character and professional staging, it falls into the 'fair' category due to its age and the condition of key systems. The kitchen and bathrooms feature older styles, such as dated tile countertops and mid-range appliances, rather than a recent high-end renovation. Furthermore, approximately 31% of the total square footage is unpermitted and unfinished, requiring additional investment. The property shows signs of age-appropriate wear on original hardwood floors and architectural elements, fitting the criteria of a home that is functional but outdated.
This 1910 Craftsman is a rare find, featuring meticulously preserved original woodwork, vintage window hardware, and a classic fireplace that maintain the home's timeless architectural integrity.
Ideally situated between Vista Hermosa Natural Park and the Echo Park Indoor Pool, the property offers immediate access to scenic green spaces and the trendy retail and dining hub of Glendale Boulevard.
The 727-square-foot lower-level space provides a substantial opportunity for the next owner to increase equity by finishing and permitting the area as a guest suite, ADU, or expanded living quarters.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2295, other record living area = 1464. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
A significant portion of the advertised square footage (approximately 31%) consists of unpermitted and unfinished space, which may complicate traditional financing and requires additional capital to legalize.
Given the home's 1910 construction and the seller's disclaimer regarding the accuracy of property details, buyers face a high burden of independent verification for structural and system integrity.
Step into timeless Los Angeles charm at 137 Douglas Street, a beautifully preserved 1910 Craftsman that seamlessly blends historic character with everyday livability. Rich in original detail, this inviting home showcases authentic period features, including vintage window hardware that reflects its early 20th-century craftsmanship. The living room serves as the heart of the home, anchored by an original fireplace and surrounded by an abundance of classic woodwork, detailed casings, and preserved architectural elements. Large, well-positioned frame windows fill the space with natural light, highlighting the warmth of the interiors and enhancing the home's welcoming atmosphere. Throughout the residence, you'll also find portions of original hardwood flooring, adding texture and a tangible connection to the home's storied past. The home offers well-proportioned rooms with a natural flow, creating a comfortable and functional layout while maintaining its historic integrity. Each space feels intentional, with a balance of openness and coziness that is characteristic of true Craftsman design. Ideally situated, the property enjoys an exceptional location between two of the area's most beloved destinations. Vista Hermosa Natural Park is just moments away, offering scenic pathways, open green space, and sweeping views of the downtown skyline. In the other direction, the Echo Park Indoor Pool provides a refreshing retreat and community gathering spot. The lively stretch of Glendale Boulevard, right around the corner from the home, known for its eclectic mix of trendy cafes, local eateries and boutique shops, making this location as desirable as the home itself. Whether you're drawn to its architectural authenticity, its inviting spaces, or its unbeatable neighborhood setting, this is a rare opportunity to own a piece of Los Angeles history with enduring appeal. Seller has created an independent and unpermitted space below the main house that is waiting for its finishing touches ! The total square footage indicates the unpermitted space which totals approximately 727 sf. Seller, agent and broker do not guarantee the accuracy of any aspect of the property and buyer is to independently verify accuracy of all aspects of the property.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.3 mi
Grades K-1 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,295 | 1,464.5 | 74% |
| Lot Size | 4,806 | 4,999 | 46% |
| Price | $1.18M | $1.38M | 33% |
| Price per sq ft | $514 | $922 | 6% |
| Built year | 1910 | 1926 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 168 | 3% |
Apr 6, 2026
$1,180,000
Initial Listing
Nov 13, 1995
$568,636
Public Record
Jul 28, 1995
$70,000
Public Record