
Los Angeles, California 90019
This Multi-Unit Residential Compound is a Strong Value Opportunity, listed at $1,399,000—positioned slightly above the $1,339,164 Fair Market Value. While not a discount, the property’s R2-zoned lot and three distinct living spaces provide exceptional utility. Featuring a Condition Rating of 3, the home offers modern kitchen upgrades and professional landscaping. With its prime Picfair Village location and flexible layout, this asset is ideal for Buy-and-Hold Investors seeking rental income or Owner-Occupants looking for multigenerational living solutions.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1561 Carmona Avenue Subject | $1,399,000* List Price | 4 | 3 | 2,246 | $596 | - |
A 1572 S Ridgeley Sold | $1,090,000 | 4 | 3 | 1,804 | $604 | 0.2 mi |
B 1749 1/2 S Marvin Avenue Sold | $1,550,000 | 4 | 5 | 2,383 | $650 | 0.3 mi |
C 1558 Hauser Sold | $1,156,000 | 3 | 2 | 1,577 | $733 | 0.1 mi |
D 1749 S Marvin Avenue Sold | $1,290,000 | 4 | 5 | 2,429 | $531 | 0.3 mi |
E 1572 S Ridgeley Sold | $1,090,000 | 0 | 0 | 1,887 | $578 | 0.2 mi |
F 1819 Hauser Boulevard Sold | $1,450,000 | 3 | 3 | 2,150 | $674 | 0.3 mi |
G 1807 Cochran Place Sold | $1,080,000 | 3 | 1 | 1,402 | $770 | 0.3 mi |
H 1854 S Mansfield Avenue Sold | $1,300,000 | 4 | 2 | 1,742 | $746 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1926 but features high-quality renovations throughout. The main kitchen is modern with quartz countertops, a large island, and stainless steel appliances, appearing to be a 5-15 year old renovation. Bathrooms are updated with contemporary stone work and fixtures. While some units utilize older wall heaters rather than central HVAC, the property is move-in ready, well-maintained, and professionally landscaped.
The property features three distinct living spaces—a main house, a guest studio, and a detached ADU—on an R2-zoned lot, offering exceptional potential for rental income, a home office, or multigenerational living.
Boasting a high walkability factor, the home is steps from local favorites like Bloom Cafe and Mad Lab Coffee, while providing central access to Beverly Hills, Culver City, and West Hollywood.
This 1926 bungalow seamlessly blends historic charm, like its limestone fireplace and hardwood floors, with modern upgrades including quartz countertops and professionally designed Mediterranean landscaping.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2246, other record living area = 2409.
The laundry area is located in the 2-car garage and serves both the guest suite and the detached ADU, which may present privacy or convenience challenges for multiple occupants.
As a 1926 build, the property may require more rigorous ongoing maintenance of its century-old foundational systems compared to newer constructions in the area.
Rarely does a California Bungalow compound like this come to market in the heart of Picfair Village. Delivered completely vacant, this home is situated on an R2-zoned lot and offers three distinct living spaces: a charming front residence with 1 bedroom plus loft and 1.5 baths, an attached guest studio with 1 bath (with Junior ADU potential,) and a detached ADU with 1 bedroom, 1 bath, and its own kitchen. Whether you're looking for an owner-occupied income property, multigenerational living, or the flexibility of separate living spaces, this property offers opportunities that are increasingly difficult to find. Leave the sidewalk behind and follow the garden path through professionally designed landscaping, where fragrant French lavender and Mediterranean-inspired plantings create a welcoming sense of arrival. Elevated above the street, the covered front porch is the kind of place where an extra cup of coffee in the morning turns into an hour, and one last conversation has you lingering long after the sun goes down. Step through the front door and you'll immediately notice what makes this property so enduringthe warmth, the natural light, and rooms that simply feel good to be in. Sunlight pours through the windows, hardwood floors add warmth underfoot, and the limestone fireplace anchors the living room with character and timeless appeal. It's an inviting space that feels equally suited for lively gatherings or a quiet evening at home. It's easy to see why the kitchen becomes the heart of the home. A generous center island invites conversation while meals are prepared, complemented by quartz countertops, abundant cabinetry, a pantry, and a sunny breakfast nook that's just as inviting for a quick weekday breakfast as it is for lingering Sunday mornings over coffee. The attached guest suite offers its own living area, bedroom, and full bath, creating privacy and flexibility for extended family, overnight guests, or private home office. A stroll through the garden leads to the detached bungalow rear ADU, where a private patio wrapped in blooming star jasmine feels like a hidden retreat. Complete with its own kitchen and full bath, it's equally suited for guests, tenants, or a peaceful work-from-home environment. The 2-car garage includes a dedicated laundry area serving both the guest suite and detached bungalow. What truly sets this home apart is the neighborhood that surrounds it. Walk to Bloom Cafe, Mad Lab Coffee, and Joe's Pizza, gather with neighbors for the beloved annual Pumpkin Race, and enjoy one of Los Angeles' most welcoming communities. Centrally located with convenient access to Beverly Hills, Culver City, West Hollywood, Downtown Los Angeles, and LAX, this is a rare opportunity to own a home that offers character, flexibility, and a true sense of place. More than a place to live, it's a place to put down roots, build memories, and enjoy the very best of Picfair Village. A home for you designed for the way we live today.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.8 mi
Grades 6-8 • 4.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,246 | 1,672 |
| Lot Size | 6,156 | 6,067 |
| Price | $1.40M | $1.37M |
| Price per sq ft | $623 | $801 |
| Built year | 1926 | 1939 |
| HOA | $0 | $348 |
| Days on market | 17 | 56 |
Jul 5, 2026
$1,399,000
Initial Listing
Apr 21, 2011
$605,000
Public Record
Sep 27, 1995
$156,000
Public Record