
Los Angeles, California 90062
This 1930s Craftsman Value-Add Asset is listed at $655,000, representing a strategic acquisition in an up-and-coming Los Angeles neighborhood. Carrying a Condition Rating of 5, the property requires a comprehensive restoration to reach its full potential relative to the $599,307 Fair Market Value. Featuring original woodwork, a decorative fireplace, and proximity to the 401-acre Kenneth Hahn Park, the 1,598-square-foot layout offers significant ROI potential through a complete kitchen makeover and garage rehab. This historic bungalow is a high-upside project for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1555 W Vernon Avenue Subject | $655,000* List Price | 3 | 2 | 1,598 | $375 | - |
A 1588 W 49th Street Sold | $550,000 | 3 | 2 | 1,631 | $337 | 0.4 mi |
B 5167 S Gramercy Place Sold | $590,000 | 3 | 1 | 1,530 | $386 | 0.8 mi |
C 4929 S Gramercy Place Sold | $685,000 | 3 | 2 | 1,402 | $489 | 0.6 mi |
D 1443 W 48th Street Sold | $625,000 | 2 | 1 | 1,389 | $450 | 0.3 mi |
E 1473 W 47th Street Active | $795,000 List Price | 4 | 2 | 1,954 | $407 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1930, this property requires substantial repairs and rehabilitation. The MLS description explicitly states the kitchen 'needs a complete makeover,' and the garage is in 'extremely poor condition.' The property analysis confirms 'Extensive Renovation Required' and 'Outdated Infrastructure,' indicating major systems like plumbing, electrical, and HVAC likely need significant upgrades. The exterior image shows faded paint and neglected landscaping, reinforcing the need for extensive work to restore the home to a livable and modern standard.
This property is a charming Craftsman/California Bungalow, featuring original woodwork and quaint details that exude character and craftsmanship, appealing to buyers seeking historic aesthetics.
Described as a 'diamond in the rough' with 'endless potential,' it offers a great opportunity for investors or owner-users to restore its original splendor or reimagine it entirely.
Situated in an 'up-and-coming neighborhood,' it boasts proximity to major transportation, LAX, Culver City, shopping, restaurants, and Leimert Park & Village.
The property 'needs quite a bit of work,' including a 'complete makeover' for the kitchen and a garage in 'extremely poor condition,' indicating significant immediate investment is necessary.
Built in 1930, the home likely features original or very old plumbing, electrical systems, and potentially lacks modern HVAC, requiring substantial upgrades for contemporary living standards.
The description explicitly states it is a 'one-and-a-half-bathroom home' for three bedrooms, which may be considered insufficient for modern family needs and could impact market appeal.
Check out this charming Craftsman/California Bungalow with its endless potential in an up-and-coming neighborhood! This three-bedroom, one-and-a-half-bathroom home is a hidden gem waiting to be discovered. Featuring original woodwork in the dining room and ceiling, now painted but rich in history, this home exudes character and craftsmanship. There is a decorative fireplace in the living room. The den that is off the living room could be a home office, a cozy reading room, or it could be used as a first-floor bedroom. The kitchen, which needs a complete makeover, is near the guest bathroom and laundry area, while upstairs, there are three bedrooms, and a full bath which are tucked away from the public areas to provide uninterrupted privacy. Throughout the home, you'll find quaint Craftsman-style details, lovely nooks and crannies, and delightful surprises that add to its personality. While it needs quite a bit of work, this property is truly a diamond in the rough! It's a great opportunity for investors or owner-users with the vision and skill to restore it to its original splendor or reimagine it altogether! Outside, the spacious backyard offers limitless potential, ready to be redesigned to suit your needs, and there's a garage, but it is in extremely poor condition! This property is close to major transportation, LAX, Culver City, shopping, restaurants, Leimert Park & Village and is just a short distance from the Kenneth Hahn Park & Recreational Center, which offers approximately 401 acres of scenic beauty, which includes the LA Basin and the mountains. There is a fishing lake, a lotus pond, walking and hiking trails, and the iconic "13-mile Park to Playa Trail", which connects the Baldwin Hills parklands to the Pacific Ocean. Don't miss this incredible opportunity to bring this neglected gem back to life and make it your own!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,598 | 1,450 | 68% |
| Lot Size | 4,630 | 5,409 | 15% |
| Price | $655.0K | $710.0K | 29% |
| Price per sq ft | $410 | $553 | 18% |
| Built year | 1930 | 1913 | 94% |
| HOA | $0 | $0 | 50% |
| Days on market | 150 | 186 | 32% |
Nov 23, 2025
$655,000
Initial Listing