1435 S Spaulding Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 2 bed, 1 bath
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1435 S Spaulding Avenue
Los Angeles, California 90019
ACTIVE
CONDITION: POOR
2Beds
1Baths
1,306Sq Ft
7,131Lot Size
Property Price
LIST PRICE$1,418,900
EST. MARKET VALUE
$1,298,530
9% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,418,900—positioned above the $1,296,495 Fair Market Value. While priced at a premium, the 7,131 SF Lot offers significant Development Potential in a prime Mid-Wilshire location. With a Condition Rating of 5, the property requires a full rehab, yet the existing 3-bedroom, 2-bathroom layout provides immediate utility. This is a strategic acquisition for Real Estate Developers or Owner-Occupants looking to execute a luxury rebuild or multi-unit expansion.
Estimated Market Value
$1,298,530
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1435 S Spaulding Avenue Subject 2 bd · 1 ba · 1,306 sqft · $994 | $1,418,900* List Price | 2 | 1 | 1,306 | $994 | - |
A 1441 S Spaulding Avenue Sold 3 bd · 2 ba · 1,692 sqft · $875 · 0.0 mi | $1,480,650 | 3 | 2 | 1,692 | $875 | 0.0 mi |
B 1544 S Burnside Sold 2 bd · 1 ba · 1,206 sqft · $871 · 0.5 mi | $1,050,000 | 2 | 1 | 1,206 | $871 | 0.5 mi |
C 1817 S Genesee Avenue Sold 4 bd · 2 ba · 1,447 sqft · $814 · 0.5 mi | $1,178,500 | 4 | 2 | 1,447 | $814 | 0.5 mi |
D 1116 S Burnside Avenue Sold 3 bd · 2 ba · 1,744 sqft · $831 · 0.7 mi | $1,450,000 | 3 | 2 | 1,744 | $831 | 0.7 mi |
E 1521 S Cloverdale Active 2 bd · 1 ba · 1,130 sqft · $1,106 · 0.6 mi | $1,250,000 List Price | 2 | 1 | 1,130 | $1,106 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1923 and marketed primarily as a development opportunity or full luxury rebuild. While the listing suggests it is currently livable, the 'as-is' sale, century-old age, and presence of unpermitted additions indicate the property likely requires a full rehab of systems and interiors to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7131, living area = 1306.
- Significant Development Potential
The oversized 7,129 SF lot is considerably larger than standard parcels in Picfair Village, offering a rare 'goldmine' opportunity for multi-unit development or a luxury estate rebuild.
- Prime Mid-Wilshire Location
Situated in a highly sought-after Los Angeles pocket, the property benefits from high demand and proximity to world-class dining, shopping, and major transit corridors.
CONSRISKS & DEFICIENCIES
- As-Is Condition
The property is being sold strictly in as-is condition, which likely necessitates a full renovation or teardown, requiring significant additional capital investment.
- Permitting and Record Discrepancies
The mismatch between the physical 3/2 layout and the official 2/1 public records may create challenges regarding unpermitted square footage and zoning compliance during the due diligence process.
About 1435 S Spaulding Avenue
Prime Mid-Wilshire/Picfair Village Development Opportunity on an Expansive 7,129 SF Lot! Incredible opportunity in a highly sought-after Los Angeles pocket! Boasting an oversized 7,129 sq ft lot significantly larger than standard lots in the immediate areathis property is a goldmine for investors, developers, or an owner-user looking to build substantial equity. Whether your vision is a full luxury rebuild, expanding the existing footprint, or capitalizing on LA's hot multi-unit development market, the options here are endless. The existing home features classic charm with hardwood flooring and a detached 2-car garage. Public records reflect a 2-bedroom, 1-bathroom home of 1,306 sq ft; however, the property currently functions as a 3-bedroom, 2-bathroom layout. The additional 1 bed/1 bath was completed with quality workmanship, offering an immediate value-add or rental potential while you finalize your long-term plans. Live in it, rent it out, or clear the lot to maximize the zoning and square footage potential. Located minutes from world-class dining, shopping, and transit. Property is being sold AS-IS. Buyer to verify all permitted/unpermitted square footage, zoning regulations, and development potential.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1923
- Lot Size
- 7,131 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Saturn Street Elementary School
Grades K-5 • 0.5 mi
4/10
Crescent Heights Boulevard Elementary School
Grades K-5 • 0.6 mi
4/10
Daniel Webster Middle School
Grades 6-8 • 4.4 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,306 | 1,670.836 |
| Lot Size | 7,131 | 6,152.156 |
| Price | $1.42M | $1.34M |
| Price per sq ft | $1.1K | $807 |
| Built year | 1923 | 1941 |
| HOA | $0 | $238 |
| Days on market | 125 | 56 |
Pricing History
Listed for Sale
Jul 7, 2026
$1,418,900
Initial Listing