1420 Miller Avenue, Los Angeles, California 90063, Los Angeles, 90063 - 3 bed, 3 bath
1420 Miller Avenue
Los Angeles, California 90063
Property Price
SUMMARY
Analysis of 1420 Miller Avenue, Los Angeles, California 90063 reveals a Prime Investment Opportunity with a current list price of $840,000—significantly undercutting the $935,374 Fair Market Value by 11%. This valuation gap indicates a +$95,374 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1940, this property shows signs of regular upkeep and some updates, particularly in the kitchen with modern cabinets, dark countertops, and a mosaic backsplash, and one bathroom with newer tile. However, the presence of window AC units indicates a lack of central air conditioning, and other elements like the living room fireplace and built-in hallway cabinets appear older. While functional and move-in ready, it requires minor updates and significant system upgrades (like central HVAC) to meet modern standards, aligning with a 'Fair' condition.
PROSSTRENGTHS & OPPORTUNITIES
- Spacious Layout & Versatility
The property offers a beautiful and spacious 3-bedroom, 2.5-bath home, complemented by a significant bonus room, providing ample living space and flexibility for various uses.
- Detached 3-Car Garage with Alley Access
A detached 3-car garage with convenient alley access is a significant asset, offering abundant parking, storage, and potential for future development like an Accessory Dwelling Unit (ADU).
- Private & Secure Outdoor Living
The secured, big backyard patio, surrounded by fruit trees and a tall brick wall, ensures privacy and provides an ideal setting for family gatherings and outdoor enjoyment.
CONSRISKS & DEFICIENCIES
- Age of Property & Potential System Updates
Built in 1940, the property may require significant updates to major systems such as plumbing, electrical, and HVAC to meet modern standards and efficiency expectations, potentially incurring additional costs.
- Lack of Specific Climate Control Details
The description does not mention central air conditioning or heating, which, for a home of this age in Los Angeles, could indicate a need for installation or upgrades to ensure year-round comfort.
- Ambiguity of Bonus Room
While a bonus room adds value, its specific condition, permitted status, and intended use are not detailed, which could lead to unforeseen renovation costs or legal considerations for a buyer.
About 1420 Miller Avenue
" A Must See" Perfect Home for first time Buyers !!!! Beautiful spacious 3 bedroom 2.5 bath home with a big bonus room, 3 car garage detached with access to the alley, secured big back yard patio for all your Family gathering, fruit trees all around, tall brick wall for privacy, across the library, close to Cal State, shops, restaurants, gas stations, freeways and Downtown L.A.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1940
- Lot Size
- 4,945 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 86% |
| Square foot | 1,780 | 1,133 | 90% |
| Lot Size | 4,945 | 4,716.5 | 57% |
| Price | $840.0K | $699.5K | 83% |
| Price per sq ft | $472 | $601 | 17% |
| Built year | 1940 | 1926 | 69% |
| HOA | $0 | $0 | 50% |
| Days on market | 51 | 175 | 7% |
Pricing History
Listed for Sale
Jan 14, 2026
$840,000
Initial Listing
Sold
Aug 1, 2002
$153,000
Public Record
Sold
Feb 26, 2001
$165,000
Public Record