1937 Delta, Los Angeles, California 90026, Los Angeles, 90026 - 3 bed, 2 bath
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Los Angeles, California 90026
This R3-Zoned Development Asset is listed at $1,800,000, reflecting a strategic premium over the $1,715,332 Fair Market Value due to its exceptional 180-degree panoramic views of the city and Malibu. Currently carrying a Poor Condition Rating, the property offers significant value-add potential through a complete renovation or a multi-unit residential project. Located within the Los Angeles Unified district near Top-Rated Schools like Clifford Street Elementary, the site benefits from high rental demand and architectural heritage. This is a prime acquisition for Real Estate Developers or Institutional Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1937 Delta Subject | $1,800,000* List Price | 3 | 2 | 1,625 | $1,056 | - |
A 3017 Fall Avenue Sold | $2,209,750 | 3 | 3 | 1,950 | $1,133 | 0.8 mi |
B 3019 Effie Street Sold | $1,570,000 | 2 | 2 | 1,584 | $991 | 0.8 mi |
C 1129 Logan Active | $1,649,900 List Price | 3 | 2 | 1,372 | $1,203 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property, built in 1917 (with additions in 1944), shows significant signs of age and neglect in the provided images. While the description mentions a 'newer roof' and a 'recently done kitchen and bedroom downstairs,' these areas are not pictured. The visible living room and another bedroom feature very old, possibly stained, purple/maroon carpeting, dated light fixtures, and a general cluttered appearance. The exterior is also unkempt with junk and overgrown vegetation, indicating substantial deferred maintenance. The overall condition suggests that despite some recent updates, the property requires extensive repairs and rehabilitation to meet modern living standards and comfort, aligning with the 'poor' category.
The property boasts expansive 180-degree panoramic views of multiple cities and Malibu on clear days, significantly enhancing its appeal and value.
With R3 zoning and the option to acquire an adjacent vacant lot and another home as a package, this property offers substantial development opportunities for investors.
Essential updates include a newer roof and a recently renovated kitchen and downstairs bedroom, reducing immediate maintenance concerns for a new owner.
Constructed in two distinct stages (1913 and 1944), the property's age and piecemeal development may present challenges related to structural consistency, outdated systems, and potential for higher maintenance.
The current listing price of $1.8 million is notably higher than the estimated property value of $1.62 million, potentially indicating an aggressive pricing strategy or a premium for development potential not reflected in standard valuations.
The seller's requirement for a package transaction including an adjacent vacant lot and another home restricts the potential buyer base primarily to developers or investors, excluding traditional single-home purchasers.
The Home was built in different two stages 1913 bottom floor and 1944 the two bedroom and a bathroom upstairs home has a newer roof a recently done kitchen and bedroom downstairs. Fire place of the living room and a great panoramic from the porch of the home. Over 180 panoramic view to many cities and Malibu on a clear day. Seller also wants to sell vacant lot next door as package transaction. 1947 home also for sale for a total land over 20K of R3 zoning for a great project.
No exterior & parking available.
Grades K-6 • 0.4 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 | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,625 | 1,464.5 | 60% |
| Lot Size | 6,602 | 5,001 | 74% |
| Price | $1.80M | $1.40M | 73% |
| Price per sq ft | $1.1K | $942 | 66% |
| Built year | 1917 | 1926 | 24% |
| HOA | $0 | $0 | 50% |
| Days on market | 187 | 169 | 61% |
Oct 17, 2025
$1,800,000
Initial Listing