
Los Angeles, California 90019
This Historic Victoria Park Craftsman is a Prime Investment Opportunity, listed at $1,399,000—positioned well below the $1,460,466 Fair Market Value by 4%. This valuation gap provides $61,466 in Instant Equity. Boasting a Condition Score of 3, the residence features an updated kitchen and modernized bathrooms within a rare gated enclave. With R-2 Zoning and approved ADU plans, the property offers significant development upside and rental potential. This versatile asset is ideal for Owner-Occupants seeking a "house-hack" or Multi-Generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1513 S Victoria Avenue Subject | $1,399,000* List Price | 3 | 3 | 2,347 | $622 | - |
A 1654 5th Avenue Sold | $1,300,000 | 3 | 2 | 1,846 | $704 | 0.5 mi |
B 4712 Mascot Street Sold | $1,127,500 | 3 | 2 | 1,712 | $659 | 0.8 mi |
C 4562 Lomita Sold | $1,015,000 | 3 | 2 | 1,512 | $671 | 0.4 mi |
D 1513 S Victoria Avenue Active Under Contract | $1,399,000 List Price | 3 | 3 | 2,347 | $596 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1917 Craftsman is in move-in ready condition with clear evidence of past renovations. The kitchen features updated wood cabinetry, granite countertops, and stainless steel appliances that appear to be approximately 10-15 years old. The bathrooms have been modernized with contemporary vanities and tiling. The flooring throughout the main living areas has been updated to a uniform wood-look finish, and the interior paint and fixtures are well-maintained. While the property retains historic charm like the stained glass, the major systems and finishes are functional and within their expected lifespan, though they do not meet the 'newly built' criteria for an excellent rating.
The R-2 zoning, combined with previously approved plans for a two-story ADU and potential for a Junior ADU, offers exceptional value-add opportunities for investors or multi-generational living.
Situated in the gated Victoria Park enclave at the end of a street with no through traffic, the property provides a rare level of privacy, safety, and historic prestige in a central urban setting.
The layout includes multiple bonus rooms and a separate entrance option, allowing for easy conversion into a 5-bedroom residence or a private guest suite for rental income or aging parents.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
As a 1917 Craftsman, the property likely requires ongoing maintenance and potential updates to aging systems to meet modern efficiency and building standards.
With three bedrooms located upstairs sharing only one full bathroom, the configuration may be inconvenient for larger families or buyers accustomed to modern primary suites.
Set in Victoria Park - an exclusive enclave gated on three sides and inspired by Frederick Law Olmsted's iconic circular street design - this 1917 Craftsman sits at the end of the street, seeing virtually no through traffic and providing a safe place for kids to play. Buyers can seize its endless possibilities with R-2 zoning, previously approved two-story ADU plans and the potential to create an additional JR ADU. Spectacular curb appeal draws you in as you walk up the hedge-lined stone walkway and enter directly into the open living room with fireplace. Immediately to your right is a big front office or den (could be a 4th bedroom), while straight-ahead lies the large dining space that can easily accommodate dinner parties of 10. The generous kitchen offers a big central island with seating, abundant workspace, and even has room for an eat-in area. With two downstairs full bathrooms and a bonus corner office, there is a unique opportunity to create a separate 1-bedroom suite with its own entrance, ideal for an aging parent or as a potential Jr ADU - 5th bedroom, anyone? Upstairs, three bright bedrooms, two featuring walk-in closets, sit above the trees and share one full bathroom. Out back, the yard is an urban retreat, complete with a hedged stone conversation pit and a large, flat patio space perfect for entertaining. The two-car garage can be converted to an ADU, finished as a workshop, or simply remain a garage. The driveway fits 4 cars and with its end of street location, there is ample street parking for guests.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 56% |
| Square foot | 2,347 | 1,742 | 75% |
| Lot Size | 7,223 | 6,304 | 82% |
| Price | $1.40M | $1.33M | 54% |
| Price per sq ft | $596 | $764 | 15% |
| Built year | 1917 | 1926 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 187 | 2% |
Apr 9, 2026
$1,399,000
Initial Listing
Apr 7, 2026
$1,499,000
Initial Listing
Oct 14, 2015
$920,000
Public Record
Mar 28, 2006
$779,000
Public Record
Apr 5, 1995
$149,000
Public Record