1717 Phillips Way, Los Angeles, California 90042, Highland Park, 90042 - 3 bed, 4 bath
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1717 Phillips Way
Los Angeles, California 90042
ACTIVE
CONDITION: EXCELLENT
3Beds
4Baths
1,730Sq Ft
5,664Lot Size
Property Price
LIST PRICE$1,550,000
EST. MARKET VALUE
$1,459,854
6% AboveMARKET VALUE
SUMMARY
This Multi-Unit Income Property represents a Strong Value Opportunity, listed at $1,550,000. While currently priced above the $1,459,854 Fair Market Value, the property offers significant utility through its three fully permitted residences on a single lot. Featuring a Mint Condition Rating with a remodeled kitchen and central air, this 1912 Craftsman provides immediate rental income or flexible multi-generational living. Its prime Highland Park location near Occidental College ensures high tenant demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy.
Estimated Market Value
$1,459,854
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1717 Phillips Way Subject | $1,550,000* List Price | 3 | 4 | 1,730 | $844 | - |
A 5144 Buchanan Sold | $1,161,250 | 2 | 2 | 1,369 | $848 | 0.4 mi |
B 1004 Dexter Street Sold | $1,100,000 | 4 | 2 | 1,278 | $861 | 0.6 mi |
C 5118 Hub Street Sold | $1,398,000 | 3 | 4 | 1,740 | $803 | 0.5 mi |
D 6162 Annan Sold | $1,225,000 | 3 | 2 | 1,352 | $906 | 1.0 mi |
E 5403 Stratford Road Sold | $1,560,000 | 4 | 3 | 1,866 | $836 | 0.2 mi |
F 1835 N Avenue 55 Sold | $1,532,340 | 3 | 2 | 1,640 | $934 | 0.2 mi |
G 5240 Barker Drive Sold | $1,425,000 | 3 | 3 | 1,696 | $840 | 0.2 mi |
H 5415 Ash Street Sold | $1,217,000 | 3 | 3 | 1,669 | $729 | 0.9 mi |
I 1509 N Avenue 56 Active | $1,295,000 List Price | 3 | 3 | 1,776 | $729 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although originally built in 1912, the property has undergone a comprehensive modern remodel. It features a brand-new master bathroom, a beautifully updated kitchen with stone countertops, and modern systems including central air conditioning. The interior shows mint condition with recessed lighting and hardwood floors, meeting the criteria for a recent high-end renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
The property includes a main home plus two fully permitted residences—an attached 1-bedroom ADU and a detached studio—offering exceptional rental income potential or multi-generational living flexibility.
- Prime Highland Park Location
Ideally situated in the heart of one of Northeast LA's most desirable neighborhoods, the home is within walking distance to local dining, shopping, and Occidental College, boasting a high walkability score.
- Modernized Craftsman Charm
This 1912 Craftsman has been thoughtfully updated with modern comforts, including a remodeled kitchen, new master bathroom, and central air, while maintaining its timeless architectural character.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5664, other record lot size in square feet = 5729. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1730, other record living area = 1530. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- High Price per Square Foot
At a list price of $1.55 million for 1,730 total square feet, the property commands a significant premium that may be a hurdle for appraisal values or budget-sensitive buyers.
- Limited Lot Utility
Housing three separate living units on a 5,664 square foot lot results in high density, which may limit private outdoor space and create privacy challenges between the different residences.
About 1717 Phillips Way
MODERN LIVING meets timeless and rare Highland Park Craftsman charm! This absolutely gorgeous home is offered with two additional fully permitted residences on one lot. The 2 bedroom, 2 bath main home, offers a beautifully remodeled kitchen, brand new master bathroom, central air, a beautiful gas burning fireplace that makes the living space perfect to call it home. All this is complemented by one attached 1 bedroom, 1 bath ADU and a stylish detached studio with a loft. All three residences have been thoughtfully remodeled and currently rented at market value. Ideally located in the heart of Highland Park, this unique property offers exceptional flexibility for multi-generational living, rental income, guests, mother in law set up, or an owner-user seeking additional space. Walking distance to restaurants, markets, shopping, places of worship and minutes away from Occidental College. This quaint neighborhood is nearby local hiking trails and only a short distance from DTLA. A truly special opportunity in one of Northeast Los Angeles most desirable neighborhoods, this property offers combined character and modern comfort. WON'T LAST.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1912
- Lot Size
- 5,664 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 1,730 | 1,323.5 |
| Lot Size | 5,664 | 5,387.5 |
| Price | $1.55M | $1.05M |
| Price per sq ft | $896 | $943 |
| Built year | 1912 | 1938 |
| HOA | $0 | $0 |
| Days on market | 5 | 80 |
Pricing History
Listed for Sale
Sep 4, 2026
$1,550,000
Initial Listing