
Los Angeles, California 90018
This Strong Value Opportunity is a versatile LAR4-zoned Craftsman listed at $1,189,000—positioned well below the $1,258,607 Fair Market Value by 5%. This valuation gap offers $69,607 in Instant Equity. Featuring a Condition Rating of 3, the property includes a detached bonus studio and a dual-unit layout, perfect for maximizing rental income. Its proximity to USC and the Expo Line ensures high demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, income-generating asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1476 W 37th Drive Subject | $1,189,000* List Price | 6 | 3 | 2,850 | $442 | - |
A 3666 2nd Avenue Active | $1,349,000 List Price | 4 | 3 | 2,500 | $540 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1905, the property has been thoughtfully refreshed and is move-in ready. The primary kitchen features modern stainless steel appliances, stone countertops, and updated cabinetry. While the secondary kitchen and some flooring appear more dated, the overall maintenance, updated windows, and functional living spaces align with a well-maintained, renovated status.
Configured as two separate living units with individual kitchens and laundry facilities, plus a detached bonus studio with a bathroom, this property is perfectly positioned for high-yield student housing or multi-generational living.
The property sits on a prime corner lot with LAR4 zoning, offering significant long-term value through the potential for high-density residential development in a centrally located Los Angeles neighborhood.
Located just steps from the Expo Line and within close proximity to USC, DTLA, and BMO Stadium, the home offers unparalleled convenience for commuters and students, ensuring high demand and low vacancy.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
The assigned public middle and high schools have low performance ratings (ranging from 2 to 3), which may be a deterrent for families prioritizing public education quality.
Built in 1905, this century-old Craftsman may require more intensive ongoing maintenance and potential upgrades to legacy systems compared to modern constructions, despite recent cosmetic updates.
Some homes simply offer more possibilities! Positioned on an LAR4-zoned corner lot in one of Los Angeles' most centrally located neighborhoods, you'll enjoy convenient access to USC/University Village, Exposition Park, BMO Stadium, The Lucas Museum, CA Science Center, DTLA and easy access to the Westside. It's just steps from the Expo Line, offering the perfect landing place for students or commuters. Whether you're searching for a long-term investment, a multi-generational residence, or simply a home with room to grow, opportunities with this level of flexibility are increasingly rare. Beautifully updated and remarkably versatile, this striking two-story Craftsman is rich in character and thoughtfully refreshed. Currently functioning as two separate living spaces, each with its own kitchen and laundry area, the home offers incredible flexibility for a variety of living arrangements. The main level features two spacious bedrooms and 1.25 baths, while the upper level offers four bedrooms and one bath, creating an ideal setup for extended family, rental income or student housing. And then there's the bonus space. Detached from the main residence and complete with its own bathroom, it opens the door to even more possibilities, whether envisioned as a home office, creative studio, fitness space, or additional living area. Natural light pours through generous windows, highlighting hardwood floors, spacious living areas, and original details that give the home warmth and personality. Outside, multiple gathering spaces invite you to slow down and enjoy SoCal living. Brick patios, mature fruit trees, drought-conscious landscaping, and a private garden creates an inviting setting for entertaining, relaxing, or spending time with family and friends. A home with character. A property with possibilities. An investment in both your present and your future!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,850 | 1,672 |
| Lot Size | 5,983 | 6,067 |
| Price | $1.19M | $1.37M |
| Price per sq ft | $417 | $801 |
| Built year | 1905 | 1939 |
| HOA | $0 | $348 |
| Days on market | 15 | 56 |
Jul 7, 2026
$1,189,000
Initial Listing
Aug 7, 2012
$350,000
Public Record
Nov 12, 2010
$234,000
Public Record