1921 Butler Avenue, Los Angeles, California 90025, Los Angeles, 90025 - 4 bed, 2 bath

1921 Butler Avenue
Los Angeles, California 90025
Property Price
SUMMARY
Analysis of 1921 Butler Avenue, Los Angeles, California 90025 reveals a Fairly Priced Property with a current list price of $1,678,000 aligned with the estimated $1,713,046 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1921 Butler Avenue Subject | $1,678,000* List Price | 4 | 2 | 1,536 | $1,115 | - |
A 1703 Amherst Avenue Sold | $1,670,000 | 3 | 3 | 1,771 | $943 | 0.8 mi |
B 2148 Veteran Avenue Sold | $1,540,000 | 3 | 3 | 1,818 | $847 | 0.8 mi |
C 2039 Kelton Avenue Sold | $2,040,000 | 3 | 2 | 1,724 | $1,183 | 0.8 mi |
D 1745 S Bundy Drive Active Under Contract | $1,299,000 List Price | 2 | 1 | 1,022 | $1,271 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property is a well-maintained 1944 duplex that shows pride of ownership but remains largely dated. While it features refinished hardwood floors and newer dual-paned windows, the kitchens and bathrooms reflect older styles with vintage tiling and appliances. It is functional and livable but lacks the comprehensive modern renovations required for a higher rating, and the 'as-is' sale condition suggests original systems may be nearing the end of their expected lifespan.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Franklin Elementary School (9/10).
- Development and Investment Potential
The 6,617 sq ft LAR2 lot is delivered fully vacant with no tenant buyouts or SB8 regulations required, offering a rare, 'clean' slate for developers or 1031 exchange investors to build or renovate immediately.
- Versatile Property Configuration
Comprised of two 2-bedroom units with a detached 2-car garage, the property provides exceptional flexibility for multi-generational living, owner-occupancy with rental income, or a potential ADU conversion.
CONSRISKS & DEFICIENCIES
- Strict As-Is Condition
The property is sold strictly as-is with no credits or repairs, which may require the buyer to have significant liquid capital for immediate modernization or addressing deferred maintenance from its 1944 construction.
- Market Pricing Volatility
Significant price reductions from the original $2.25M list price down to $1.75M suggest that the initial valuation was not supported by the market, potentially reflecting the extent of work needed to realize the property's full value.
About 1921 Butler Avenue
Blowout Price! Fall in love with this extraordinarily rare FULLY VACANT SAWTELLE JAPANTOWN DUPLEX currently functioning like a single family home since it has been in the same family for over 60 years and has been owner occupied for over 20 years with no tenants on record since 2005! Complete control over the use of the property gives the astute buyer the ability to continue to hold the property as-is, making it the perfect multi-generational family compound, or for those wanting a separate office/studio/caretaker's suite/workspace, or a 2nd unit for additional income! Comprised of two 2-bedroom + 1 bath units punctuated by refinished hardwood floors and newer dual paned windows, each unit enjoys private laundry facilities and the rear unit opens to an enormous backyard highlighted by a stone patio, gazebo, citrus trees, and organic vegetable garden. A separate 2-car detached garage could be a phenomenal ADU. Developers and investors will drool over the 6617 sq ft LAR2 lot along with not having to contend with SB8 regulations, tenant management / buyouts, or building delays so they can start dreaming immediately and those needing a 1031 exchange property should take note! Please do not walk property without an appointment and strictly sold "as-is" without credits or repairs. Opportunities like this are far and few between in this centrally located district wedged between Brentwood, Mar Vista, Santa Monica, and Westwood so be sure to schedule your appointment today before it's too late. Drive around the neighborhood, gawk at all of the new construction, and ponder the possibilities!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1944
- Lot Size
- 6,617 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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
Nora Sterry Elementary School
Grades K-5 • 0.3 mi
Richland Avenue Elementary School
Grades K-6 • 0.9 mi
Brockton Avenue Elementary School
Grades K-5 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 71% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,536 | 1,818 | 18% |
| Lot Size | 6,617 | 6,617 | 50% |
| Price | $1.68M | $2.04M | 18% |
| Price per sq ft | $1.1K | $1.1K | 53% |
| Built year | 1944 | 1929 | 65% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 164 | 12% |
Pricing History
Listed for Sale
Mar 2, 2026
$1,678,000
$1,750,000
-4% Price Drop
Initial Listing
Price Change
Feb 24, 2026
$1,750,000
$1,995,000
-12% Price Drop
Initial Listing
Price Change
Feb 20, 2026
$1,995,000
$2,250,000
-11% Price Drop
Initial Listing
Price Change
Feb 9, 2026
$2,250,000
Initial Listing


























