
Los Angeles, California 90035
This Spanish-style residence represents a Strong Value Opportunity, listed at $1,289,000—positioned well below the $1,410,886 Fair Market Value by 8%. This valuation gap offers $121,886 in Instant Equity. Featuring a Condition Rating of 3, the home includes a Granite Kitchen with Viking appliances and RD2 Zoning for ADU development. Its seamless indoor-outdoor flow and private patio make it a compelling choice for Buy-and-Hold Investors or Owner-Occupants seeking a high-potential asset in a prime Los Angeles location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1555 S Crescent Heights Boulevard Subject | $1,289,000* List Price | 2 | 1 | 1,487 | $949 | - |
A 5981 Pickford Street Sold | $1,275,000 | 3 | 3 | 1,625 | $785 | 0.1 mi |
B 1451 Stearns Drive Sold | $1,358,000 | 2 | 1 | 1,219 | $1,114 | 0.2 mi |
C 1562 S Crescent Heights Boulevard Sold | $1,435,000 | 3 | 2 | 1,324 | $1,084 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1933, the property has undergone significant remodeling. The kitchen features high-end Viking appliances and granite countertops, and the bathroom has been updated with travertine and marble finishes. Aerial photos show a modern HVAC condenser on the roof, and the interior features updated recessed lighting and well-maintained hardwood/stone flooring, placing the renovations within the 5-15 year range.
This 1933 Spanish-style home features classic barrel ceilings and arched windows paired with modern luxury upgrades, including a chef's kitchen with a Viking range and a spa-like travertine bathroom.
The property is situated on an RD2 zoned lot, providing a rare and valuable opportunity for investors or homeowners to add value through the construction of an ADU or Junior ADU.
Both bedrooms offer direct access to private outdoor spaces, including a generous backyard with a tranquil fountain and built-in BBQ, ideal for the Southern California lifestyle.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1487, other record living area = 1287.
With nearly 1,500 square feet of living space, the home only features one bathroom, which may be a significant drawback for families or those seeking a more traditional primary suite.
The property is being sold in its present as-is condition, meaning the buyer will likely be responsible for all future repairs and may have limited leverage for credit negotiations during escrow.
Welcome to this gorgeous 2 bed, 1 bath Spanish style home in the heart of Faircrest Heights. A large formal entry opens to a spacious living room with a barrel ceiling, gas fireplace, and high-arched picture window that fills the space with natural light. The dining room leads to a remodeled kitchen with granite counters, a stainless Viking professional chef's range, and ample cabinet storage. The primary bedroom opens through classic French doors to a generous backyard with a large tranquil fountain and built-in gas BBQ, creating seamless indoor-outdoor flow for relaxing or entertaining. The 2nd bedroom also opens to its own private patio. The travertine spa-like bathroom with a wood-beamed ceiling and marble counter has a separate jet tub and large shower with extra jets for ultimate relaxation. This home feels warm and inviting, with its wood-framed windows and hardwood, stone, and travertine floors. A 2-car, drywall-finished garage with alley access delivers rare convenience and privacy, offering the space and freedom of a single-family home, making this a compelling alternative to condo living. Ideally situated near shopping, dining, and major transportation routes. Investors take note: Buyer to verify RD2 Zoning presents exciting ADU and Junior ADU potential. Meticulously maintained and to be sold in its present AS-IS condition, this is a rare opportunity for its next fortunate owner. Offers are suggested for submission by Wednesday, July 29th at 5:00pm.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,487 | 1,672 |
| Lot Size | 4,100 | 6,067 |
| Price | $1.29M | $1.37M |
| Price per sq ft | $867 | $801 |
| Built year | 1933 | 1939 |
| HOA | $0 | $348 |
| Days on market | 6 | 56 |
Jul 16, 2026
$1,289,000
Initial Listing
Nov 16, 2023
$1,230,000
Public Record