
Los Angeles, California 90019
This California Bungalow Compound represents a High-Potential Investment Opportunity, listed at $1,299,000—positioned well below the $1,347,128 Fair Market Value by 3%. This valuation gap offers $48,128 in Instant Equity. Featuring an Excellent Condition Rating with high-end renovations and R2-zoned flexibility, the property includes a detached ADU and a private patio. It is an ideal acquisition for Buy-and-Hold Investors seeking rental income or Owner-Occupants looking to leverage the property's versatile, multi-unit layout in the heart of Picfair Village.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1561 Carmona Avenue Subject 4 bd · 3 ba · 2,246 sqft · $534 | $1,199,000* List Price | 4 | 3 | 2,246 | $534 | - |
A 1572 S Ridgeley Sold 4 bd · 3 ba · 1,866 sqft · $584 · 0.2 mi | $1,090,000 | 4 | 3 | 1,866 | $584 | 0.2 mi |
B 1749 S Marvin Avenue Sold 4 bd · 5 ba · 2,429 sqft · $531 · 0.3 mi | $1,290,000 | 4 | 5 | 2,429 | $531 | 0.3 mi |
C 1749 1/2 S Marvin Avenue Sold 4 bd · 5 ba · 2,383 sqft · $650 · 0.3 mi | $1,550,000 | 4 | 5 | 2,383 | $650 | 0.3 mi |
D 1572 S Ridgeley Sold 0 bd · 0 ba · 1,887 sqft · $578 · 0.2 mi | $1,090,000 | 0 | 0 | 1,887 | $578 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive, high-end renovation within the last 5 years. The main kitchen features modern blue shaker cabinetry, quartz countertops, and stainless steel appliances, while the bathrooms are updated with contemporary stone work and vessel sinks. The interior shows mint-condition hardwood floors, recessed lighting, and designer finishes throughout, making it fully move-in ready.
The property features three distinct living spaces on an R2-zoned lot, including a detached ADU and a junior ADU potential, offering exceptional opportunities for rental income, a home office, or multi-generational living.
Situated in the heart of Picfair Village, the home boasts high walkability to local favorites like Bloom Cafe and Mad Lab Coffee, while providing central access to Culver City, Beverly Hills, and West Hollywood.
This 1926 California Bungalow seamlessly blends original character, such as hardwood floors and a limestone fireplace, with modern upgrades like a remodeled kitchen featuring quartz countertops and a center island.
The primary residence is currently divided into two separate living areas; while they can be reconnected, the current configuration may feel disjointed for buyers seeking a traditional single-family flow.
While the high school ratings are fair, the assigned middle school has a lower performance rating, which may be a significant consideration for families prioritizing educational rankings.
A California Bungalow with a separate rear residence and room for the way you want to live. Set above the street in the heart of Picfair Village, this charming compound combines original character, inviting gardens, and flexible spaces for family, guests, work, or rental income. Delivered completely vacant on an R2-zoned lot, the property is permitted as a duplex.The front residence currently features 1 bedroom plus a loft and 1.5 baths, along with an attached guest studio offering an additional living and sleeping area and a full bath. Originally part of the front home and permitted together as one unit, the studio was separated without permits. A future owner can explore reconnecting the spaces for a larger home or pursuing a permitted Junior ADU conversion, subject to applicable requirements and approvals. The detached rear residence includes 1 bedroom, 1 bath, its own kitchen, and a private patio.Leave the sidewalk behind and follow the garden path through professionally designed landscaping, where fragrant French lavender and Mediterranean-inspired plantings create a lovely sense of arrival. The elevated, covered front porch invites you to slow down, enjoy your morning coffee, and linger over a conversation at the end of the day.Inside, the home welcomes you with natural light, hardwood floors, and designer-selected paint colors that complement its original character. A fossiliferous limestone fireplace gives the living room a distinctive focal point, while the warm, comfortable spaces make it easy to imagine both quiet evenings at home and gatherings with friends.The kitchen is designed for cooking and conversation, with a generous center island, quartz countertops, abundant cabinetry, and a pantry. A sunny breakfast nook adds another inviting spot for a weekday meal or a leisurely Sunday morning.The attached guest studio provides a private living and sleeping area with a full bath, offering options for extended family, overnight guests, a home office, or a creative space. Its connection to the original front home also presents an opportunity to rethink the layout as your needs evolve.Beyond the front residence, the garden leads to the detached rear home. A private patio surrounded by blooming star jasmine creates a tucked-away place to relax, while the separate kitchen, bedroom, and full bath offer comfortable accommodations for guests, extended family, or tenants. The 2-car garage includes a dedicated laundry area serving the attached studio and rear residence.Picfair Village is part of the appeal, with Bloom Cafe, Mad Lab Coffee, and Joe's Pizza nearby and neighborhood traditions such as the annual Pumpkin Race bringing neighbors together. Convenient access to Beverly Hills, Culver City, West Hollywood, Downtown Los Angeles, and LAX keeps you connected to the city while enjoying a neighborhood that feels like home.Enjoy the front bungalow with a separate residence for family or income, explore a larger front-home layout, or create space to live and work. With the property delivered completely vacant, you have the freedom to create your own story in Picfair Village.
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 | 1,670.836 |
| Lot Size | 6,156 | 6,152.156 |
| Price | $1.20M | $1.34M |
| Price per sq ft | $534 | $807 |
| Built year | 1926 | 1941 |
| HOA | $0 | $238 |
| Days on market | 105 | 56 |
Nov 7, 2026
$1,199,000
$1,250,000
-4% Price Drop
Initial Listing
Oct 6, 2026
$1,250,000
$1,299,000
-4% Price Drop
Initial Listing
Jul 27, 2026
$1,299,000
Initial Listing
Apr 21, 2011
$605,000
Public Record
Sep 27, 1995
$156,000
Public Record