1622 S Spaulding Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 4 bed, 2 bath
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Los Angeles, California 90019
This Miracle Mile Value-Add Asset presents a High-Potential Investment Opportunity with a List Price of $1,900,000—positioned well below the $1,970,652 Fair Market Value by 3%. This valuation gap offers $70,652 in Instant Equity for buyers. While the property carries a Condition Rating of 5 requiring a full rehab, the expansive 7,068 sqft lot and converted garage flex space provide significant upside for expansion or ADU development. Located in a prime central hub near top-rated Fairfax Senior High, this property is ideal for Fix-and-Flip Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1622 S Spaulding Avenue Subject | $1,900,000* List Price | 4 | 2 | 1,402 | $1,406 | - |
A 1327 Meadowbrook Avenue Active | $1,599,000 List Price | 2 | 1 | 1,136 | $1,408 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1923 with no evidence of recent renovations to kitchens, baths, or systems. The listing description uses industry keywords like 'potential,' 'opportunity,' and 'update over time,' which indicates the interior is significantly dated (30+ years) and requires a full rehab to meet modern standards.
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.
Situated in one of Los Angeles' most desirable and central neighborhoods, providing immediate access to world-class dining, shopping, and cultural landmarks.
The oversized 7,068 sqft lot is rare for the area, offering significant opportunities for home expansion, landscaping, or the addition of an ADU.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
With an asking price of $1.9M for 1,402 sqft of living space, the property commands a significant premium that may be difficult to justify without extensive high-end finishes.
Dating back to 1923, the property likely requires substantial modernization of its core systems and structural elements to meet contemporary standards and efficiency.
Miracle Mile 4BR on Expansive Lot Opportunity is knocking in one of LA's most desirable neighborhoods. This bright 4-bedroom, 2-bath home offers incredible potential with a spacious layout , and natural light throughout.The converted garage creates the perfect home office or flex space, while the large landscaped lot with mature palm trees gives you room to expand, entertain, or create your dream outdoor setting.Whether you're looking to move in, update over time, or invest in a prime central locationthis is a property that checks all the boxes.Located minutes from top dining, shopping, and everything Los Angeles has to offer. Reach out today to schedule a private showinghomes in this area don't last.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 73% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,402 | 1,705.5 | 29% |
| Lot Size | 7,068 | 6,340.5 | 73% |
| Price | $1.90M | $1.33M | 80% |
| Price per sq ft | $1.4K | $763 | 98% |
| Built year | 1923 | 1926 | 39% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 178 | 2% |
Apr 23, 2026
$1,900,000
Initial Listing
Mar 18, 2005
$710,500
Public Record