
Los Angeles, California 90006
This Single Family Residence presents a Strong Value Opportunity, listed at $799,000—positioned well below the $891,653 Fair Market Value by 10%. This valuation gap offers $92,653 in Instant Equity. Featuring a 4-bedroom layout with a 500-square-foot loft and a 6,590-square-foot lot, the property has a Condition Rating of 4, indicating a need for modernization. Its central location near DTLA and USC provides significant rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build value through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1824 Orchard Avenue Subject | $799,000* List Price | 4 | 2 | 1,580 | $564 | - |
A 2261 W 15th Street Sold | $705,000 | 2 | 1 | 1,158 | $609 | 0.3 mi |
B 1611 S Bonnie Brae Street Active | $625,000 List Price | 4 | 2 | 1,378 | $454 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1903, the home is functional but dated. While the living areas have been refreshed with paint and staging, the kitchen features older cabinetry and highly dated patterned floor tile consistent with a 20+ year old renovation. The exterior shows significant cracking in the concrete driveway, and the overall aesthetic requires modernization to meet current market standards.
The property includes an unrecorded 500-square-foot loft, providing substantial additional living space for a home office or creative studio that exceeds the official recorded dimensions.
Situated in the heart of Los Angeles, the home offers exceptional proximity to Downtown LA, USC, and major entertainment hubs like Crypto.com Arena and LA Live.
A 6,590-square-foot lot featuring a substantial backyard and a long driveway provides rare outdoor versatility and ample parking in a dense urban environment.
Built in 1903, the property's age may necessitate significant investments in modernizing electrical, plumbing, or structural systems to meet current building standards.
The majority of the assigned public schools in the immediate area have lower performance ratings, which may be a drawback for families prioritizing educational quality.
Spacious and versatile 4-bedroom +Big Attic home offering an exceptional amount of usable living space in the heart of Los Angeles. In addition to the main living areas, the property features an impressive approximately 500-square-foot loft, providing valuable bonus space ideal for a home office, media room, creative studio, playroom, gym, or additional lounge area. The approximately 500 sq. ft. loft is not included in the home's stated living square footage, giving the property a much larger and more flexible feel than the recorded size alone suggests. The home's generous floor plan provides plenty of room for everyday living, working from home, entertaining, or accommodating a larger household. A substantial backyard and long driveway further enhance the property's functionality, offering additional outdoor space and parking possibilities. With four bedrooms plus the oversized loft, this is a rare opportunity for buyers looking for both space and versatility in a centrally located Los Angeles home. Located in Pico-Union, the property enjoys a highly convenient position just minutes from Downtown Los Angeles, USC, LA Live, the Los Angeles Convention Center, Crypto.com Arena, and Exposition Park. Easy access to the 10 Freeway makes commuting throughout Los Angeles convenient, while nearby Koreatown, DTLA, and USC offer an abundance of restaurants, shopping, entertainment, cultural attractions, and everyday conveniences.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,580 | 1,664.159 |
| Lot Size | 6,590 | 6,066.556 |
| Price | $799.0K | $1.35M |
| Price per sq ft | $506 | $806 |
| Built year | 1903 | 1939 |
| HOA | $0 | $278 |
| Days on market | 19 | 55 |
Aug 21, 2026
$799,000
Initial Listing
Jul 11, 2016
$468,000
Public Record
Aug 2, 2012
$200,000
Public Record
Jun 21, 2005
$410,000
Public Record
Apr 22, 2003
$925,000
Public Record