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

1921 Butler Avenue, Los Angeles, California 90025 home-pic-0

1921 Butler Avenue

Los Angeles, California 90025

ACTIVE
CONDITION: FAIR
4Beds
2Baths
1,536Sq Ft
6,617Lot Size

Property Price

LIST PRICE$1,678,000
EST. MARKET VALUE
$1,713,046

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

$1,713,046
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
1921 Butler Avenue
Subject
$1,678,000*
List Price
421,536$1,115-
A
1703 Amherst Avenue
Sold
$1,670,000331,771$9430.8 mi
B
2148 Veteran Avenue
Sold
$1,540,000331,818$8470.8 mi
C
2039 Kelton Avenue
Sold
$2,040,000321,724$1,1830.8 mi
D
1745 S Bundy Drive
Active Under Contract
$1,299,000
List Price
211,022$1,2710.7 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

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

7/10

Richland Avenue Elementary School

Grades K-6 • 0.9 mi

6/10

Brockton Avenue Elementary School

Grades K-5 • 0.9 mi

5/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
71%
Baths2.02.0
50%
Square foot1,5361,818
18%
Lot Size6,6176,617
50%
Price$1.68M$2.04M
18%
Price per sq ft$1.1K$1.1K
53%
Built year19441929
65%
HOA$0$0
50%
Days on market25164
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

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