
Los Angeles, California 90041
This Multi-Unit Value-Add Asset is listed at $1,200,000, representing a stable entry point aligned with its $1,177,671 Fair Market Value. Currently in Fixer Condition, the property offers significant ROI potential through its unique configuration of a main residence plus an ADU and Detached Studio, totaling four bedrooms. Situated on a 6,557 sqft Corner Lot featuring Scenic Mountain Views and a Wood Deck, the site is served by the 9/10 rated Delevan Drive Elementary School. This project is an ideal acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors seeking forced appreciation in a high-demand Los Angeles submarket.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1913 Nolden Subject | $1,200,000* List Price | 2 | 1 | 1,378 | $833 | - |
A 1597 Fair Park Avenue Sold | $875,000 | 2 | 1 | 1,150 | $761 | 0.5 mi |
B 1560 Waldran Avenue Sold | $1,280,000 | 3 | 1 | 1,263 | $1,013 | 0.7 mi |
C 4890 Floristan Avenue Sold | $1,140,000 | 2 | 2 | 1,523 | $749 | 0.5 mi |
D 5065 La Roda Avenue Sold | $1,070,000 | 3 | 1 | 1,020 | $1,049 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1924, this property is explicitly marketed as a fixer-upper requiring substantial renovation. Interior images show heavily stained and worn carpeting, outdated popcorn ceilings, and aged fixtures, while the exterior wood decking and stairs appear weathered and in need of repair. The home lacks modern updates to the kitchen and bathrooms, indicating significant deferred maintenance and the need for a full rehabilitation of major systems.
Elementary School: Delevan Drive Elementary School (9/10).
The property features a main 2-bedroom house plus an ADU and a detached studio, providing a total of 4 bedrooms and 3 bathrooms for excellent rental versatility.
Situated in a highly desirable Los Angeles neighborhood, the property is served by top-rated schools including Eagle Rock Elementary and Magnet Center.
The property is explicitly sold as a fixer needing full renovation, which will require a substantial capital investment and a lengthy construction timeline.
At a $1.2 million list price, the cost of acquisition is high for a property requiring total rehabilitation, potentially tightening profit margins for investors.
Built in 1924, the home likely requires expensive updates to century-old systems, including electrical, plumbing, and potentially the foundation.
**Charming 2-Bedroom, 1-Bath Home With ADU + Studio — 4 Beds, 3 Baths Total and Incredible Income Potential*Fixer * This rare corner-lot property offers stunning mountain and sky views, along with a peaceful side porch perfect for morning coffee or quiet relaxation. In addition to the main 2-bedroom, 1-bath home, the property includes both an ADU and a detached back studio—creating a total of **4 bedrooms and 3 bathrooms** or the opportunity for **excellent rental income**. The home does need renovation, making it an ideal opportunity for investors or buyers looking to customize their dream space. Properties like this are seldom available—don’t miss your chance to transform this unique gem.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.4 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 31% |
| Baths | 1.0 | 2.0 | 22% |
| Square foot | 1,378 | 1,625 | 35% |
| Lot Size | 6,557 | 6,958 | 43% |
| Price | $1.20M | $1.35M | 38% |
| Price per sq ft | $871 | $901 | 45% |
| Built year | 1924 | 1925 | 46% |
| HOA | $0 | $0 | 50% |
| Days on market | 162 | 162 | 51% |
Nov 11, 2025
$1,200,000
Initial Listing
Nov 30, 2023
$809,000
Public Record