
Los Angeles, California 90034
This property presents a High-Potential Investment Opportunity with a List Price of $1,795,000—positioned well above the $1,569,146 Fair Market Value by -14%. While the pricing reflects the premium location within the Beverlywood Homeowners Association and the coveted Castle Heights Elementary School District, the Condition Rating of 6 indicates significant value-add potential through renovation. The original 1949 structure serves as a blank canvas for a custom build. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build a luxury residence in a high-demand neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2136 Hillsboro Avenue Subject | $1,795,000* List Price | 2 | 2 | 1,856 | $845 | - |
A 1965 S Corning Street Sold | $1,321,000 | 3 | 2 | 1,488 | $888 | 0.5 mi |
B 9138 Olin Street Sold | $1,400,000 | 4 | 2 | 1,340 | $1,045 | 0.4 mi |
C 3007 S Canfield Avenue Sold | $1,340,000 | 2 | 1 | 1,256 | $1,067 | 0.7 mi |
D 2932 S Beverly Drive Active Under Contract | $1,600,000 List Price | 3 | 2 | 1,698 | $942 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1949 and described as an 'original home,' the property is over 75 years old with no recorded renovations. The listing explicitly markets the property as an opportunity to 'build new,' signaling that the value lies in the land rather than the existing structure.
Situated in the prestigious Beverlywood Homeowners Association and the coveted Castle Heights Elementary School District, ensuring long-term asset appreciation and desirability.
As the lowest-priced home in a high-demand neighborhood, this property offers a rare entry point for buyers or investors looking to establish a footprint in an upscale area.
The level lot and original 1949 structure provide an ideal blank canvas for a comprehensive remodel or the construction of a new custom luxury residence.
The home is in its original 1949 state, necessitating a significant additional capital investment for modernization, repairs, or a complete teardown.
With only two bedrooms in its current configuration, the property may not meet the immediate functional needs of modern families without substantial structural expansion.
Lowest-priced home in the highly sought-after Beverlywood Homeowners Association! This original home offers a great opportunity to remodel or build new. The functional floor plan is ideally oriented to a beautiful, level backyard. Located in the Castle Heights Elementary School District, with restaurants, cafes, shopping and everyday conveniences just minutes away. A rare opportunity in a highly desirable neighborhood.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,856 | 1,664.159 |
| Lot Size | 5,935 | 6,066.556 |
| Price | $1.79M | $1.35M |
| Price per sq ft | $967 | $806 |
| Built year | 1949 | 1939 |
| HOA | $1011.83 | $278 |
| Days on market | 5 | 55 |
Sep 4, 2026
$1,795,000
Initial Listing