
Los Angeles, California 90062
This property presents a High-Potential Investment Opportunity with a List Price of $860,000—positioned slightly above the $851,658 Fair Market Value. While the property requires significant capital expenditure due to its Condition Rating of 5, the expansive 2,876 square foot floor plan and large lot offer substantial upside for forced appreciation. The historic Craftsman architecture provides a unique foundation for value-add renovations. This asset is an ideal acquisition for Fix-and-Flip Investors or Contractors capable of executing a comprehensive structural and cosmetic restoration.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1749 W 49th Subject | $760,000* List Price | 4 | 2 | 2,876 | $263 | - |
A 1430 W 51st Pending | $599,000 List Price | 5 | 1 | 1,766 | $339 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1913 and sold in 'As-Is' condition, this property requires a complete rehab. Interior images show significant neglect, including exposed plumbing and electrical systems, missing drywall, and heavily dated bathrooms, indicating safety and structural needs.
This 1913 Craftsman residence retains its original character with a river rock front porch, authentic woodwork, and built-in features, offering significant appeal for restoration enthusiasts.
At approximately 2,876 square feet, the home offers an expansive four-bedroom floor plan that provides a much larger footprint than the average property in the Metropolitan South area.
The generous lot size provides ample room for outdoor expansion, professional landscaping, or the potential addition of an Accessory Dwelling Unit (ADU) to increase property value.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7503, other record lot size in square feet = 1651.
The property is sold in 'As-Is' condition and requires extensive repairs and modernization, which will necessitate a substantial additional capital investment from the buyer.
There are notable inconsistencies between the listing description and the data fields regarding bathroom count and lot size, which may complicate the appraisal process and require rigorous due diligence.
Historic Craftsman with Endless Potential! This spacious 4-bedroom, 2.5-bathroom home offers approximately 2,876 square feet of living space on a generous 9,152 square foot lot in the heart of Los Angeles. Rich in character and architectural charm, this classic residence features a welcoming river rock front porch, original woodwork, built-ins, spacious living and dining areas, a beautiful fireplace, and generously sized bedrooms. The expansive floor plan provides an excellent opportunity to restore, renovate, or customize to your own style. The home is in need of repairs and updating and is being sold in its present "As-Is" condition, making it an ideal opportunity for investors, contractors, or buyers looking to restore a timeless property. The large lot offers ample outdoor space with potential for landscaping, entertaining, additional parking, or future expansion (buyer to verify all development possibilities with the appropriate agencies). Conveniently located near schools, shopping, restaurants, parks, public transportation, and major freeways, this property combines size, location, and character with exceptional upside potential. Whether you're looking for your next renovation project, a long-term investment, or the opportunity to create your dream home, this property offers a rare chance to bring new life to a classic Los Angeles residence. Property is sold As-Is. Buyers are advised to conduct their own investigations and verify all information, including square footage, permits, zoning, room count, lot size, and development potential to their own satisfaction. Don't miss this unique opportunity to restore the beauty and character of this historic Craftsman and make it your own!
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 | 2,876 | 1,664.159 |
| Lot Size | 7,503 | 6,066.556 |
| Price | $760.0K | $1.35M |
| Price per sq ft | $264 | $806 |
| Built year | 1913 | 1939 |
| HOA | $0 | $278 |
| Days on market | 54 | 55 |
Sep 4, 2026
$760,000
$817,000
-7% Price Drop
Initial Listing
Aug 18, 2026
$817,000
$860,000
-5% Price Drop
Initial Listing
Jul 17, 2026
$860,000
Initial Listing