1947 Delta, Los Angeles, California 90026, Los Angeles, 90026 - 1 bed, 1 bath
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Los Angeles, California 90026
This property presents a High-Potential Investment Opportunity with a List Price of $1,000,000—positioned well below the $1,028,434 Fair Market Value by 2%. This valuation gap offers $28,434 in Instant Equity. Featuring a 6,465 sq ft R3 lot, the property offers significant development potential for additional units. While the structure has a Fair Condition Rating, the Panoramic Views and proximity to top-rated schools like Clifford Street Elementary provide long-term value. This is an ideal acquisition for Buy-and-Hold Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1947 Delta Subject | $1,000,000* List Price | 1 | 1 | 661 | $1,556 | - |
A 1637 Mccollum Sold | $1,035,500 | 1 | 1 | 624 | $1,659 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is over 100 years old (built 1913). While the interior appears clean and 'move-in ready' with updated laminate flooring and fresh paint, the presence of a dated wall heater and the lack of a comprehensive modern renovation to the core systems place it in the fair category. The high price point is driven by the R3 lot's development potential rather than the condition of the existing 661 sqft structure.
The property sits on a generous 6,465 sq ft lot with R3 zoning, providing a significant opportunity to add a second or third unit for rental income or increased resale value.
The elevated portion of the backyard offers rare panoramic views that can reach as far as Malibu on clear days, adding a premium aesthetic appeal to the lot.
The property is situated within the boundaries of several high-performing schools, including Clifford Street Elementary and John Marshall Senior High, both rated 8/10.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
At a list price of $1,000,000 for only 661 sq ft of living space, the property commands a very high price per square foot that may challenge traditional financing appraisals.
The current 1-bedroom, 1-bathroom configuration is extremely small for the price point, likely requiring the buyer to undertake immediate expansion or redevelopment.
Move-in ready. With a lot of potential for a second or third unit in this large 6460 sq ft R3 lot, A great Panoramic view to Malibu on a clear day from the top of the back yard (climbing required)
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 | 1.0 | 3.0 | 5% |
| Baths | 1.0 | 2.0 | 25% |
| Square foot | 661 | 1,480 | 6% |
| Lot Size | 6,465 | 4,998 | 76% |
| Price | $1.00M | $1.52M | 20% |
| Price per sq ft | $1.5K | $991 | 88% |
| Built year | 1913 | 1929 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 123 | 4% |
May 9, 2026
$1,000,000
Initial Listing