137 E Avenue 43, Los Angeles, California 90031, Los Angeles, 90031 - 4 bed, 2 bath
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Los Angeles, California 90031
This Turnkey Craftsman Home represents a Strong Value Opportunity, listed at $1,249,000—positioned well below the $1,264,220 Fair Market Value by 1%. With a $15,220 in Instant Equity, this property features an Excellent Condition Rating following comprehensive renovations. Highlights include a remodeled kitchen, solar panels, and a massive 7,507 sq. ft. lot with ADU Potential. Located in the Highland Park HPOZ, this residence is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors seeking a historic, high-utility asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 137 E Avenue 43 Subject | $1,249,000* List Price | 4 | 2 | 1,724 | $733 | - |
A 950 Montecito Drive Sold | $1,095,000 | 4 | 2 | 1,535 | $713 | 0.5 mi |
B 1158 Montecito Drive Sold | $1,250,000 | 3 | 2 | 1,484 | $842 | 0.6 mi |
C 3737 Rolle Sold | $1,098,000 | 3 | 2 | 1,628 | $674 | 0.9 mi |
D 137 E Avenue 42 Active | $1,150,000 List Price | 4 | 2 | 1,700 | $676 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent renovation including a freshly remodeled kitchen with new cabinetry and appliances, updated bathrooms with terrazzo floors, and significant system upgrades such as solar panels and central HVAC.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7507, living area = 1724.
This 1905 Craftsman seamlessly blends original character like restored windows and high ceilings with essential modern updates including solar panels, central AC, and a fully remodeled kitchen.
The property features an expansive 7,507 sq. ft. flat lot and a garage with existing plans for a future ADU, offering significant value-add potential for rental income or guest quarters.
Being located within a Historic Preservation Overlay Zone (HPOZ) means any future exterior modifications are subject to strict design guidelines and a more rigorous approval process.
Despite recent system updates, a home built in 1905 may require more frequent and specialized maintenance for its vintage components compared to newer constructions.
Highland Park is the setting for this beautifully updated home with Craftsman charm, a generous layout, and plans for a future ADU. Built in 1905, the light-filled haven delights with high ceilings, hardwood floors, and whimsical floral wallpaper; character details abound, including restored original windows and a statement fireplace anchoring the living room. The formal dining room is an airy space with a bay window, wainscoting, a built-in buffet alcove, and a set of pocket doors that transform the layout. The sunny kitchen is freshly remodeled with new cabinetry, a matching appliance suite, and checkered floors. Four bedrooms include an ensuite primary with French doors opening to the yard; both bathrooms are finished with terrazzo floors. The flat, fenced yard is expansive and full of possibilities, with lovely views of the San Gabriel Mountains and a garage ready for storage or a future ADU. Amenities include solar, central AC/heat, laundry, and many system updates. Located in the desirable Highland Park HPOZ, nearby favorites include Obet & Del's, Lumens, Mendocino Farms, Jeni's Ice Cream, and Cookbook Market, with easy access to DTLA and Pasadena via the Metro A Line and 110 Freeway.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 66% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,724 | 1,460.5 | 74% |
| Lot Size | 7,507 | 4,940.5 | 87% |
| Price | $1.25M | $977.5K | 71% |
| Price per sq ft | $724 | $719 | 50% |
| Built year | 1905 | 1925 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 122 | 3% |
May 19, 2026
$1,249,000
Initial Listing
Aug 19, 2024
$825,000
Public Record