
Los Angeles, California 90016
This 1926 California Bungalow represents a High-Potential Investment Opportunity, listed at a List Price of $979,000—positioned well above the $936,839 Fair Market Value by 4%. While the property requires modernization, its Fair Condition Rating and 6,598 sqft lot provide significant upside through an ADU conversion. Featuring original hardwood and boxed ceilings, this Single Family Residence offers a unique foundation for value-add projects. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage the property's development potential in a high-connectivity Los Angeles neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2019 West Boulevard Subject 3 bd · 1 ba · 1,416 sqft · $673 | $929,000* List Price | 3 | 1 | 1,416 | $673 | - |
A 4957 W 21st Sold 3 bd · 2 ba · 1,539 sqft · $650 · 0.5 mi | $1,000,000 | 3 | 2 | 1,539 | $650 | 0.5 mi |
B 3018 S Victoria Avenue Sold 3 bd · 1 ba · 1,550 sqft · $597 · 0.8 mi | $925,000 | 3 | 1 | 1,550 | $597 | 0.8 mi |
C 2943 Chesapeake Avenue Sold 3 bd · 2 ba · 1,534 sqft · $619 · 0.8 mi | $950,000 | 3 | 2 | 1,534 | $619 | 0.8 mi |
D 2407 S Orange Drive Sold 3 bd · 2 ba · 1,606 sqft · $529 · 0.8 mi | $850,000 | 3 | 2 | 1,606 | $529 | 0.8 mi |
E 2753 S Rimpau Boulevard Active 2 bd · 1 ba · 1,284 sqft · $739 · 0.8 mi | $949,000 List Price | 2 | 1 | 1,284 | $739 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1926 and maintained by the same family for 70 years, the property is 'well-preserved' but significantly dated. Interior photos show older wood paneling and fixtures suggesting renovations are well over 20 years old. While functional and move-in ready, the home requires cosmetic updates to the kitchen and baths, and likely system evaluations due to its age.
This 1926 California Bungalow features exceptional original details including boxed ceilings, built-in cabinetry, and hardwood flooring, reflecting over 70 years of prideful family ownership.
The property sits on a generous 6,598 sqft lot with a detached garage and long driveway, providing an ideal footprint for an ADU conversion or workshop while maintaining ample outdoor entertaining space.
Located just minutes from Washington Blvd, the home offers high walkability to trendy retail, Re/Creation Cafe, and local farmers' markets, combined with easy freeway access for commuting.
With only one bathroom officially recorded for a three-bedroom residence, the layout may be restrictive for modern families or multi-generational living arrangements.
Given the long-term family ownership and 'well-preserved' status, the property likely requires significant capital investment to update major systems and finishes to contemporary standards.
Once upon a time...this well preserved gem has been in the same family for over 70 years and is now ready for it's new owner. This California Bungalow is situated on West Blvd just a few minutes away from all the great restaurants, coffee and retail you can find on Washington Blvd. As you step inside you'll find beautiful built-ins around the fireplace, original hardwood flooring and boxed ceilings. 2 spacious bathrooms make for a very convenient set-up. The backyard offers space to convert the garage to an ADU or use as a workshop, additional space for gardening and outdoor living & entertaining. The long driveway offers ample off-street parking. The welcoming landscaping in addition to all the details inside show how well loved this home has been. This community offers easy access to local freeways for an easy commute, as well as the Farmer's Market around the corner, coffee or a lunch at Re/Creation Cafe, pilates at Common Ground Pilates and so on.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,416 | 1,670.836 |
| Lot Size | 6,598 | 6,152.156 |
| Price | $929.0K | $1.34M |
| Price per sq ft | $656 | $807 |
| Built year | 1926 | 1941 |
| HOA | $0 | $238 |
| Days on market | 54 | 56 |
Oct 29, 2026
$929,000
$979,000
-5% Price Drop
Initial Listing
Sep 16, 2026
$979,000
Initial Listing