
Los Angeles, California 90019
This 1923 Spanish Charmer represents a High-Potential Investment Opportunity, listed at $1,900,000—positioned above the $1,606,988 Fair Market Value. While priced at a premium, the property’s Condition Rating of 3 and massive 7,068 sq ft lot provide significant upside for an ADU conversion or backyard expansion. Featuring original hardwood floors and a renovated kitchen, this asset offers a rare blend of historic character and development utility. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a Miracle Mile property with long-term appreciation potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1622 S Spaulding Avenue Subject | $1,695,000* List Price | 4 | 2 | 1,402 | $1,104 | - |
A 1612 S Genesee Avenue Sold | $1,330,000 | 2 | 2 | 1,216 | $1,094 | 0.1 mi |
B 1724 S Fairfax Sold | $1,290,000 | 3 | 2 | 1,464 | $881 | 0.3 mi |
C 1282 Meadowbrook Avenue Sold | $1,415,000 | 2 | 2 | 1,446 | $979 | 0.9 mi |
D 1741 S Spaulding Avenue Sold | $1,400,000 | 3 | 3 | 1,451 | $965 | 0.2 mi |
E 1645 S Sierra Bonita Avenue Sold | $1,462,500 | 2 | 2 | 1,420 | $1,030 | 0.2 mi |
F 1535 Carmona Ave Sold | $1,600,000 | 3 | 2 | 1,831 | $874 | 0.3 mi |
G 1343 Carmona Avenue Sold | $1,499,000 | 3 | 3 | 1,363 | $1,100 | 0.5 mi |
H 1757 S Ogden Drive Sold | $1,950,000 | 3 | 3 | 1,943 | $1,004 | 0.3 mi |
I 1524 S Fairfax Avenue Active | $1,550,000 List Price | 3 | 2 | 1,479 | $1,048 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1923 build date, the property is move-in ready with a kitchen renovation featuring stainless steel appliances and recessed lighting likely performed within the last 10-15 years. Bathrooms are functional and well-maintained, and the interior finishes like hardwood and laminate flooring appear in good condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7068, living area = 1402.
The exceptionally deep 7,068 sq ft lot with alley access and a finished garage provides a rare opportunity for a high-value ADU conversion or a substantial backyard expansion.
This 1923 Spanish Charmer features well-preserved period details, including barrel ceilings, original hardwood floors, and a bougainvillea-framed porch that offer timeless curb appeal.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
At a list price of $1.9M for 1,402 sq ft of living space, the property carries a premium price point that may be difficult for buyers prioritizing interior square footage over lot size.
Built in 1923, the home likely requires significant capital investment to modernize aging systems and infrastructure to meet the expectations of a luxury-tier price bracket.
Equity-Builder Spanish Charmer | ADU & Investment Potential in Miracle Mile Excited to present 1622 S Spaulding Avea rare combination of historic character and development upside in Miracle Mile. The 7,068 sq ft lot is perfect for investors seeking ADU income or end-users envisioning a personal resort. Four bedrooms, two baths, original 1923 details, and a finished garage poised for conversion. Know someone looking to build equity in a prime LA location? Let's connect for a tour! Set on an exceptionally deep 7,068-sq-ft lot, this storybook 1923 Spanish unlocks the outdoor potential Angelenos crave flat, sun-drenched grounds ready for a resort-worthy pool, lush gardens, or a revenue-producing ADU with its own gate and alley access. Beyond the arched, bougainvillea-framed porch, a radiant living room with barrel ceiling, original fireplace, and hardwood floors flows into a skylit dining room and updated stainless kitchen that peers out to towering palms. Four restful bedrooms (including an oversized primary with dual closets) are served by two vintage-tile baths, offering move-in comfort plus blank-canvas upside. French doors open to an expansive yard where kids, pets, and parties can roam beneath mature citrus; the finished garage already functions as office, studio, or future guest house. Tucked on a Miracle Mile street minutes to the Metro, LACMA, and Pico dining, this property is equal parts charm and opportunity. Tour today before visionaries scoop it up.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades 6-8 • 4.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,402 | 1,672 |
| Lot Size | 7,068 | 6,067 |
| Price | $1.70M | $1.37M |
| Price per sq ft | $1.2K | $801 |
| Built year | 1923 | 1939 |
| HOA | $0 | $348 |
| Days on market | 91 | 56 |
Jul 17, 2026
$1,695,000
$1,900,000
-11% Price Drop
Initial Listing
Apr 23, 2026
$1,900,000
Initial Listing
Mar 18, 2005
$710,500
Public Record