
Los Angeles, California 90062
This property presents a High-Potential Investment Opportunity with a List Price of $860,000—positioned slightly above the $850,878 Fair Market Value. While the property requires a full rehab due to its Condition Rating of 5, the 2,876 square foot historic Craftsman on a large lot offers significant upside for forced appreciation. The expansive floor plan and development potential make this a prime Value-Add Asset for Fix-and-Flip Investors or Contractors capable of executing a comprehensive renovation to restore this classic Los Angeles residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1749 W 49th Subject | $860,000* List Price | 4 | 1 | 2,876 | $296 | - |
A 1933 W 43rd Place Sold | $700,000 | 4 | 2 | 2,298 | $305 | 0.5 mi |
B 3987 Halldale Avenue Active | $898,999 List Price | 5 | 8 | 2,496 | $360 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1913, this property is in significant disrepair and requires a full rehab. The kitchen is partially gutted with missing cabinetry and outdated fixtures. Interior images show exposed wiring, aged insulation, and peeling paint, while the exterior features boarded windows and significant deferred maintenance. The listing explicitly identifies it as an 'As-Is' investor opportunity.
This 1913 Craftsman retains its original character with a river rock front porch, classic woodwork, and built-in features, offering high appeal for restoration enthusiasts.
Boasting nearly 2,900 square feet of living space on a generous lot, this property provides a rare scale for the area with significant potential for expansion or an ADU.
Priced as a fixer-upper in a central Los Angeles location, the home offers a prime opportunity for investors or contractors to build equity through a comprehensive renovation.
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 significant repairs and updating, which will necessitate a substantial capital investment beyond the purchase price.
There are inconsistencies between the listing description and data fields regarding bathroom count and lot size, requiring buyers to perform rigorous due diligence and permit verification.
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 | 1.0 | 2.0 |
| Square foot | 2,876 | 1,672 |
| Lot Size | 7,503 | 6,067 |
| Price | $860.0K | $1.37M |
| Price per sq ft | $299 | $801 |
| Built year | 1913 | 1939 |
| HOA | $0 | $348 |
| Days on market | 5 | 56 |
Jul 17, 2026
$860,000
Initial Listing