1954 Addison Way, Los Angeles, California 90041, Los Angeles, 90041 - 2 bed, 2 bath
1954 Addison Way
Los Angeles, California 90041
Property Price
SUMMARY
Analysis of 1954 Addison Way, Los Angeles, California 90041 reveals a property with a current list price of $949,000, which is 6% above the estimated $888,927 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 |
|---|---|---|---|---|---|---|
★ 1954 Addison Way Subject | $949,000* List Price | 2 | 2 | 1,010 | $880 | - |
A 4427 Alumni Avenue Active | $870,000 List Price | 3 | 3 | 1,179 | $738 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1940, this bungalow has undergone extensive recent renovations that bring it to modern standards. The property features a fully updated open floor plan with recessed lighting, refinished original hardwood floors, and modern bathrooms. Significant system upgrades include newly installed energy-efficient split-system HVAC and solar panels. The home is in turnkey condition with high-quality finishes and no signs of deferred maintenance, meeting the criteria for an excellent rating.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Delevan Drive Elementary School (9/10).
- Prime Location and Schools
Situated in the heart of Eagle Rock, this home is within the boundaries of the highly-rated Eagle Rock Elementary and just steps from Yosemite Park and trendy dining like Casa Bianca.
- Modern Energy Efficiency
The property features newly installed split systems for climate control and solar panels, offering modern comfort and significant long-term utility savings in a classic 1940s bungalow.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1010, other record living area = 775.
- Limited Lot Size
With a lot size of only 2,480 square feet, the outdoor space is relatively compact, which may limit privacy and future expansion possibilities compared to other single-family homes.
- High Price Per Square Foot
Following a recent price increase to $949,000, the property commands a premium price of nearly $940 per square foot, which may be a hurdle for appraisal or value-driven buyers.
About 1954 Addison Way
The perfect home near top schools, trendy dining, and vibrant nightlife. This beautiful California bungalow offers a bright and inviting open floor plan with two bedrooms and two bathrooms plus bonus room ideal for a home office, home gym, or a creative studio, thoughtfully designed for comfortable living making it a perfect fit for a variety of lifestyles. Original hardwood floors add warmth and classic charm, while recessed lighting enhances the home’s clean, modern feel. Newly installed split systems throughout provide efficient heating and cooling for year-round comfort, while solar panels add energy efficiency and long-term savings. The backyard is a true highlight, offering an inviting outdoor space perfect for entertaining, hosting gatherings, or simply unwinding at the end of the day. Situated in a prime Eagle Rock location, this home is just moments from local favorites like Casa Bianca, Little Beast, and neighborhood cafés, along with nearby nightlife and community hotspots. Just a few hundred yards from Yosemite Park and Recreation Center, the home offers easy access to green space and community amenities. Located within the boundaries of the highly desirable Eagle Rock Elementary School, this home offers a rare blend of character, comfort, and lifestyle in one of Northeast LA’s most sought-after neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1940
- Lot Size
- 2,480 Sq. Ft.
Interior
- Total Bedrooms
- 2
- 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
Eagle Rock Elementary and Magnet Center
Grades K-6 • 0.2 mi
Dahlia Heights Elementary School
Grades K-6 • 0.8 mi
Rockdale Elementary School
Grades K-6 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 31% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,010 | 1,684 | 10% |
| Lot Size | 2,480 | 7,116.5 | 4% |
| Price | $949.0K | $1.35M | 13% |
| Price per sq ft | $940 | $899 | 59% |
| Built year | 1940 | 1926 | 62% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 156 | 9% |
Pricing History
Listed for Sale
Feb 28, 2026
$949,000
$899,000
+6% Price Increase
Initial Listing
Price Change
Jan 15, 2026
$899,000
Initial Listing
Sold
Apr 9, 2019
$570,000
Public Record
Sold
Jul 29, 2011
$338,000
Public Record
Sold
May 25, 2001
$186,000
Public Record
Sold
Oct 2, 1997
$129,000
Public Record