
Los Angeles, California 90042
This Turnkey California Bungalow Compound is a Strong Value Opportunity, listed at $1,495,000—positioned well below the $1,687,023 Fair Market Value by 11%. This valuation gap offers $192,023 in Instant Equity. Featuring a Mint Condition Rating, the property includes a 570 sq ft Detached Guest House, a Cowboy Pool, and a Private Deck. Its expansive 8,551 sq ft lot provides rare Highland Park versatility. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-end, move-in ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1856 N Avenue 52 Subject | $1,495,000* List Price | 3 | 2 | 1,732 | $974 | - |
A 5252 Range View Avenue Sold | $1,706,000 | 3 | 3 | 1,688 | $1,011 | 0.3 mi |
B 1411 Armadale Avenue Sold | $1,514,910 | 4 | 3 | 1,595 | $950 | 0.7 mi |
C 1083 Milwaukee Avenue Sold | $1,495,000 | 3 | 3 | 1,557 | $960 | 0.6 mi |
D 1711 N Avenue 53 Sold | $1,775,000 | 4 | 3 | 1,675 | $1,060 | 0.2 mi |
E 5125 Buchanan Street Sold | $1,250,000 | 3 | 2 | 1,754 | $713 | 0.5 mi |
F 1813 N Avenue 53 Sold | $1,400,000 | 3 | 2 | 1,341 | $1,044 | 0.2 mi |
G 5624 Stratford Road Active | $1,600,000 List Price | 3 | 2 | 1,739 | $920 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1954, the property is in mint, turnkey condition following recent high-end renovations. The kitchen features quartz countertops and new Zia cement tile, and the bathroom was recently fully reimagined with modern porcelain tile and a frameless shower. Significant system upgrades, including a replaced trenchless sewer lateral and a tankless water heater, align with the criteria for a property renovated within the last 5 years.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8550, living area = 1732.
The property features a 570 sq ft detached guest house with vaulted ceilings, providing an ideal setup for a high-end home office, creative studio, or potential rental income separate from the main residence.
Set on a rare 8,551 sq ft flat lot, the grounds offer a professionally landscaped retreat with a cowboy pool, multiple dining areas, and mature trees, creating a private sanctuary in a dense urban neighborhood.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1732, other record living area = 907. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The main residence contains only one bathroom for two bedrooms, which may be a significant drawback for families or buyers accustomed to more modern primary suite configurations.
The current list price of $1.495M is notably lower than the previous 2024 sale price of $1.645M, which may suggest a correction in value or a shift in local market demand since the last acquisition.
Set on an expansive, flat 8,551 sq ft lot in Highland Park's most desirable pocket, this thoughtfully updated California bungalow compound features a spacious and private 2 bed, 1 bath main residence and a detached 1 bed, 1 bath guest house. The turnkey property offers seamless indoor/outdoor living, with a breathtaking outdoor space featuring a flat grassy yard, dining area, garden beds, and a built-in cowboy pool off the back deck. Located north of York Boulevard, just blocks from Occidental College and Fiji Hill hiking trail, on a wide tree-lined street, the idyllic setting offers privacy, timeless design, and the best of Highland Park living. Enter the main residence to find a tastefully refreshed, romantic home with hardwood floors throughout, newly painted interiors, and curated lighting that elevates each space. Upon entry, find the foyer centered on an elegant, vintage brick fireplace, flanked by the dining area. The adjacent kitchen features quartz countertops with bar seating, refinished cabinetry, white porcelain backsplash tile, and new Zia cement tile flooring, with a dedicated laundry area at the far end. Two bedrooms at the front of the home face the grassy yard. The recently renovated bathroom is a standout, finished in a custom tonal pink palette with Sahara matte porcelain tile and hexagon flooring by Bedrosians, a frameless glass walk-in shower, and an enlarged window that fills the space with natural light. Through the den, find a fully reimagined backyard with a mix of lush lawn and pea-gravel gathering areas, mature ficus and Palo Verde trees, and winding paver and flagstone pathways connecting each section of the lot into distinct spaces for lounging, dining, and entertaining. From the center yard, windowed French doors open to the 1 bedroom, 1 bathroom guest house, a stunning detached structure that adds 570 square feet. Inside, the main living space is generously sized, offering flexibility for a studio or home office. A vintage wood door with hand-painted glass opens to the back bedroom, with striking wood-vaulted ceilings and wood-framed doors and windows overlooking a verdant additional backyard. Off the back bedroom, a private garden retreat awaits, complete with a deck with a cowboy tub and an additional outdoor dining area. Mature trees, anchored by a hammock, shade the property and are surrounded by ample space for raised beds, fruit trees, or a small orchard, designed with the home gardener in mind. Significant system upgrades throughout the property include a fully replaced trenchless sewer lateral, upgraded irrigation with new lines and controls, French drains around the guest house, and a recently serviced tankless water heater, providing both comfort and peace of mind. Ideally located just moments from the energy of York Boulevard, the home is surrounded by some of Highland Park's most beloved destinations, including Joy, Belle's Delicatessen, Kumquat Coffee, and Johnny's Cocktails. With one of the neighborhood's larger and more versatile lots, beautifully updated interiors, and exceptional outdoor spaces, this Highland Park retreat offers a rare opportunity to experience elevated Eastside living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,732 | 1,452 | 66% |
| Lot Size | 8,550 | 5,601 | 87% |
| Price | $1.50M | $1.20M | 75% |
| Price per sq ft | $863 | $882 | 47% |
| Built year | 1954 | 1924 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 31 | 128 | 1% |
May 14, 2026
$1,495,000
Initial Listing
Jul 2, 2024
$1,645,000
Public Record
Apr 17, 2019
$879,000
Public Record
Sep 9, 2014
$561,000
Public Record
Jan 19, 2005
$410,000
Public Record