
Los Angeles, California 90032
This Midcentury Residential Asset is a Strong Value Opportunity, listed at $990,000—positioned well below the $1,044,677 Fair Market Value by 5%. This valuation gap offers $54,677 in Instant Equity. Featuring a Condition Rating of 3, the property includes a versatile 550-square-foot studio apartment and an expansive 15,287-square-foot lot bordering Ascot Hills Park. This unique configuration is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a retreat-like property with significant long-term appreciation potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2216 N Indiana Avenue Subject 3 bd · 2 ba · 2,050 sqft · $510 | $990,000* List Price | 3 | 2 | 2,050 | $510 | - |
A 4384 W Rose Hill Active 3 bd · 2 ba · 1,930 sqft · $621 · 0.8 mi | $1,198,888 List Price | 3 | 2 | 1,930 | $621 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1953 midcentury home is well-maintained and move-in ready. It features significant cosmetic updates including newer light-toned flooring, fresh interior paint, and updated lighting fixtures. While the kitchen retains some dated elements such as older cabinetry and square tile backsplashes, they are clean and functional. The inclusion of a modernized studio and the overall preservation of architectural details suggest a renovation within the 5-15 year range, though some systems like wall heaters appear older.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15287, living area = 2050.
The property includes a 550-square-foot studio apartment with a kitchenette and bathroom, providing excellent versatility for rental income, a home office, or guest accommodations.
Situated on an oversized 15,287-square-foot lot bordering Ascot Hills Park, the home offers a rare, retreat-like atmosphere with extensive outdoor entertaining spaces and direct access to nature.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2050, other record living area = 1555.
Given the 1953 construction and presence of original details, the property may require significant investment to modernize core systems such as plumbing, electrical, or HVAC.
While the total square footage is 2,050, the main residence is approximately 1,550 square feet, which may feel undersized for buyers seeking a larger primary footprint at this price point.
Tucked against the natural beauty of Ascot Hills Park, this distinctive midcentury residence is a rare blend of architectural character, effortless entertaining, and serene indoor-outdoor living. From the moment you enter through the solid oak front door of main living space, all on a single story, the home reveals a warmth and sophistication that feels both timeless and distinctly its own. The approximately 1,550-square-foot main residence featuring three bedrooms and two bathrooms centering around an open-concept living and dining environment, where original midcentury details and thoughtful architectural elements create an inviting sense of place. A charming breakfast nook adds an intimate touch to the kitchen, while the expansive living area with the original fireplace flows seamlessly through to the back patio, creating an ideal setting for everything from quiet mornings to elegant gatherings. A dramatic, wide-spanning picture window frames the lush landscape beyond, offering a spectacular sense of space and an ever-changing backdrop of nature. Set on an oversized lot of more than 15,000 square feet, the property enjoys a rare relationship with Ascot Hills Park, creating a peaceful, almost retreat-like atmosphere just minutes from the energy of the city. The outdoor spaces are designed for lingering. Multiple seating areas invite conversation beneath the trees, while a dedicated dining area provides an idyllic setting for alfresco meals. As evening falls, gather around the fire pit and take in the tranquil surroundings the perfect balance of natural beauty, privacy, and understated elegance. Adding exceptional flexibility, the property also includes an approximately 550-square-foot studio apartment with a kitchenette and bathroom, offering potential space for guests, a creative studio, office, or additional living arrangements. Ideally situated within a stone's throw of Multnomah Elementary, Woodrow Wilson High School, and Cal State's LA campus; and just blocks from Lincoln Park and Plaza de la Raza, this is a home that offers both a strong connection to its surroundings and an unmistakable sense of escape. A sophisticated midcentury retreat where architecture, nature, and effortless entertaining come together in the beloved neighborhood of El Sereno.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,050 | 1,670.836 |
| Lot Size | 15,287 | 6,152.156 |
| Price | $990.0K | $1.34M |
| Price per sq ft | $483 | $807 |
| Built year | 1953 | 1941 |
| HOA | $0 | $238 |
| Days on market | 39 | 56 |
Oct 1, 2026
$990,000
Initial Listing
Jul 30, 2020
$775,000
Public Record