
Los Angeles, California 90004
This Classic Craftsman Residence represents a High-Potential Investment Opportunity, listed at $1,390,000—positioned above the $1,341,452 Fair Market Value. While currently priced slightly above market, the property’s Condition Rating of 3 and unique Multigenerational Potential—featuring an attached guest unit and two kitchens—provide significant long-term utility. With a 7,052 sq ft LAR1 lot and rare parking for 4-5 cars, this asset offers substantial value-add potential for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, income-generating property in a prime Los Angeles location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 163 S Hobart Boulevard Subject 4 bd · 2 ba · 2,382 sqft · $563 | $1,390,000* List Price | 4 | 2 | 2,382 | $563 | - |
A 119 S Hobart Boulevard Sold 5 bd · 4 ba · 2,625 sqft · $610 · 0.1 mi | $1,600,000 | 5 | 4 | 2,625 | $610 | 0.1 mi |
B 250 N Ridgewood Place N Sold 6 bd · 5 ba · 2,080 sqft · $519 · 0.6 mi | $1,080,000 | 6 | 5 | 2,080 | $519 | 0.6 mi |
C 250 N Ridgewood Place N Sold 0 bd · 0 ba · 2,080 sqft · $519 · 0.6 mi | $1,080,000 | 0 | 0 | 2,080 | $519 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1911, the property is well-maintained and move-in ready. The kitchen features a renovation approximately 10-15 years old with granite countertops and stainless steel appliances. Significant recent maintenance includes a new rear roof (2025), new water heater, and fresh exterior paint, though the presence of window AC units suggests older HVAC systems.
The property features an attached one-bedroom guest unit and two kitchens, offering rare flexibility for extended family, visitors, or potential rental income.
A gated driveway with parking for 4-5 cars plus a garage is a significant rarity in the Mid-Wilshire area, all situated on a generous 7,052 sq ft lot with mature fruit trees.
This 1911 home preserves classic architectural integrity with exposed wood beams and a spacious porch, while benefiting from recent updates like a new rear roof and fresh exterior paint.
With four bedrooms plus a guest unit but only two bathrooms, the home has a low bathroom-to-bedroom ratio that may be inconvenient for larger households.
The property lacks a modern central HVAC system, relying instead on natural ventilation and traditional heating, which may not meet the expectations of all modern buyers during extreme temperatures.
Welcome home to a classic Craftsman on one of the quietest, most established blocks east of Hancock Park and Windsor Square. A wide, spacious front porch sets the tone and opens into a bright living room framed by exposed wood beams, a blend of traditional character and modern comfort. A fireplace anchors the space and flows into a den with a bar that works well as a home office. A dedicated dining room and two kitchens offer rare flexibility for entertaining or multigenerational living. The main level includes a primary bedroom, two well-sized bedrooms, and a full bath. Upstairs, one will find a generous second primary bedroom plus another comfortable bedroom. Windows on every side fill the home with natural light, and the house stays naturally cool in the summer and warm in the winter. In the back, an attached one-bedroom guest unit offers privacy for visitors or extended family (see seller disclosures). Lush front and back gardens feature mature lemon, pomegranate, persimmon, and mulberry trees. The driveway is gated and has an automatic gate opener. There is a one car garage, and parking for 4-5 cars which is a true rarity in this area. Recent updates include a fully replaced rear roof in 2025 (front roof is in excellent condition), a new water heater and sump pump, and fresh exterior paint throughout. All of this sits on a 7,052 sq ft LAR1 lot. Disclaimer: All information has been secured from sources we believe to be reliable. However, we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer and buyer's representative must verify the information above and bears all risk for any inaccuracies.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,382 | 1,670.836 |
| Lot Size | 7,052 | 6,152.156 |
| Price | $1.39M | $1.34M |
| Price per sq ft | $584 | $807 |
| Built year | 1911 | 1941 |
| HOA | $0 | $238 |
| Days on market | 38 | 56 |
Oct 2, 2026
$1,390,000
Initial Listing
May 30, 2008
$400,000
Public Record