1856 Jewett Drive, Los Angeles, California 90046, Los Angeles, 90046 - 1 bed, 2 bath
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1856 Jewett Drive
Los Angeles, California 90046
ACTIVE UNDER CONTRACT
CONDITION: POOR
1Beds
2Baths
954Sq Ft
2,366Lot Size
Property Price
LIST PRICE$675,000
EST. MARKET VALUE
$661,323
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $849,000—positioned well below the $794,094 Fair Market Value by -6%. Featuring a Condition Rating of 5, this dual-unit asset requires a full rehab to unlock its potential. The rare two-houses-on-one-lot configuration offers significant rental income versatility, while the location provides access to Top-Rated Schools like Wonderland Avenue Elementary. This is a strategic acquisition ideal for Buy-and-Hold Investors or Contractors seeking a value-add project in the Hollywood Hills.
Estimated Market Value
$661,323
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 |
|---|---|---|---|---|---|---|
★ 1856 Jewett Drive Subject 1 bd · 2 ba · 954 sqft · $693 | $675,000* List Price | 1 | 2 | 954 | $693 | - |
A 2015 Rosilla Place Sold 2 bd · 2 ba · 932 sqft · $794 · 0.6 mi | $740,000 | 2 | 2 | 932 | $794 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1933 and described as a 'ruby in the rough,' this property shows significant signs of age with no evidence of modern renovation. The kitchen features dated tile and cabinetry with exposed plumbing, the exterior shows aged electrical systems, and the presence of a rusted outdoor tub suggests unconventional and outdated bathroom facilities requiring a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
- Dual-Unit Versatility
The rare 'two houses on one lot' configuration provides exceptional flexibility for rental income, a guest house, or a private creative studio in a high-demand market.
- Prime Location & Schools
Located just minutes from the Sunset Strip, the property is zoned for the prestigious Wonderland Avenue Elementary School (Rating 9), significantly enhancing its long-term value.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2366, other record lot size in square feet = 2304.
- Significant Renovation Required
Marketed as 'rubies in the rough,' the property will likely require a substantial capital investment to modernize the aging structures and address deferred maintenance.
- Compact Living Space
With only 954 square feet of total living space across two units and a small, terraced lot, the property offers limited interior room and challenging outdoor accessibility.
About 1856 Jewett Drive
Looking for something exceptional? Two separate rustic red houses share one terraced lot in the heart of the Hollywood Hills, just minutes from Sunset Blvd. With Laurel Canyon greenery and treetop breezes, this 1933 build offers a bungalow alternative to condo living, plus the opportunity to create a place uniquely your own.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1933
- Lot Size
- 2,366 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Wonderland Avenue Elementary School
Grades K-5 • 0.6 mi
9/10
West Hollywood Elementary School
Grades K-5 • 1.4 mi
9/10
Gardner Street Elementary School
Grades K-6 • 1.4 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 954 | 1,670.836 |
| Lot Size | 2,366 | 6,152.156 |
| Price | $675.0K | $1.34M |
| Price per sq ft | $708 | $807 |
| Built year | 1933 | 1941 |
| HOA | $0 | $238 |
| Days on market | 60 | 56 |
Pricing History
Listed for Sale
Oct 15, 2026
$675,000
$849,000
-20% Price Drop
Initial Listing
Price Change
Sep 10, 2026
$849,000
Initial Listing