
Los Angeles, California 90028
This Historic Landmark Asset represents a Strong Value Opportunity with a List Price of $1,375,000—positioned well below the $1,447,652 Fair Market Value by 5%. This valuation gap provides $72,652 in Instant Equity for an acquisition of this caliber. Currently in a Distressed Condition, the 1910-built property offers significant Value-Add potential through a full-scale restoration and favorable zoning to add up to three additional units. This is a high-upside project for Preservation-Minded Developers or Savvy Investors.
Property is extensive renovation needed.
This 1910 historic landmark is in a distressed condition and requires a full-scale restoration. The interior features heavily worn hardwood flooring, outdated kitchen cabinetry and appliances, and significant cosmetic deterioration on walls and ceilings. The listing explicitly identifies the property as a major project requiring substantial rehabilitation of its systems and structure to be brought up to modern standards.
Designated as an official Los Angeles Historic Monument, this property offers rare cultural prestige and potential tax incentives through the Mills Act.
The favorable zoning allows for the addition of two units or the redevelopment of the rear structure into three new units, providing massive value-add potential.
Featuring soaring high ceilings and over 3,200 square feet of living space, the 1910 construction provides a grand, high-volume canvas for a luxury restoration.
The property is a major 'project' that requires a visionary buyer prepared for a full-scale restoration to address its current distressed condition.
As a protected monument, the main residence is subject to strict historical preservation guidelines, which may limit exterior modifications and increase the complexity of repairs.
This isn't just a home it's a landmark. Once the cherished residence of Morris Knight, a true pioneer of LGBTQ+ Rights, this property carries a legacy that few addresses in Los Angeles can claim. Recognized by the Los Angeles City Council as an official Historic Monument, the main residence is protected a rare distinction that speaks to its cultural significance and architectural soul.Step inside and feel it: soaring high ceilings, generous living spaces, and the kind of bones that make designers and dreamers stop in their tracks. Five bedrooms. A story in every room. Yes, it needs a visionary someone who can see past the surface and recognize the gem waiting beneath. This is a project for someone with passion, purpose, and the means to bring it all to life.And the opportunity doesn't stop at the front door.The property currently operates as two units, but the zoning opens the door to something bigger. Add two additional units, or raze the rear structure and build up to three brand-new units the canvas is yours. Whether you're a developer with an eye for legacy assets, a preservation enthusiast ready to restore something meaningful, or a savvy investor looking for a property that delivers on every level, this is a rare find in a city full of them.Properties with this combination of history, protection, and upside simply don't come along often.Buyer to conduct independent due diligence regarding zoning requirements, development feasibility, and Historic Monument obligations. Some photos have been digitally altered. New price makes this an amazing opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 83% |
| Baths | 6.0 | 3.0 | 83% |
| Square foot | 3,263 | 1,772 | 83% |
| Lot Size | 7,143 | 2,263 | 83% |
| Price | $1.25M | $1.11M | 50% |
| Price per sq ft | $383 | $616 | 17% |
| Built year | 1910 | 1968 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 195 | 17% |
Apr 15, 2026
$1,250,000
$1,375,000
-9% Price Drop
Initial Listing
Mar 31, 2026
$1,375,000
Initial Listing
May 17, 2006
$840,000
Public Record