
Los Angeles, California 90026
This property presents a High-Potential Investment Opportunity with a List Price of $1,080,000—positioned above the $1,028,779 Fair Market Value by 4%. While the current structure has a Condition Rating of 5, the 7,498 sqft oversized flat lot offers significant redevelopment potential for ADUs or expansion. Featuring timeless architectural character and a City Lights view, this asset is primed for a full-scale renovation. This is a strategic acquisition ideal for Fix-and-Flip Investors or Owner-Occupants looking to execute a high-value restoration project in Echo Park.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2217 Elsinore Subject | $1,080,000* List Price | 2 | 1 | 948 | $1,088 | - |
A 1546 Elevado Street Sold | $1,110,000 | 3 | 2 | 1,302 | $853 | 0.7 mi |
B 1748 Redesdale Avenue Sold | $1,200,000 | 2 | 1 | 921 | $1,303 | 0.8 mi |
C 1316 Allesandro Active | $1,050,000 List Price | 2 | 2 | 1,241 | $846 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1910 and held by the same owner for nearly 40 years, this property is marketed for its 'redevelopment potential' and 'restoration' needs. Given the age and lack of recent updates, the kitchen, bath, and major systems are likely well beyond their useful life, requiring a full rehab or significant structural investment.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7498, living area = 948.
The oversized 7,498 sqft flat lot is a rare find in Echo Park, offering significant upside for developers or owner-users to add ADUs or pursue multi-unit expansion.
Ideally situated near Silver Lake and DTLA, the property commands high demand due to its proximity to trendy dining, shopping, and major commuter routes.
At just 948 square feet with a 2-bedroom, 1-bathroom configuration, the current structure is undersized for the price point and modern residential expectations.
Being held by the same owner for nearly 40 years suggests the property will require substantial capital investment to modernize systems and finishes.
Available for the first time in nearly 40 years. Oversized flat lot with exceptional redevelopment potential! Rare opportunity to acquire a classic California Craftsman on an expansive lot offering tremendous upside for developers, investors, and owner-users alike. The existing 2 bedroom/1 bathroom Craftsman home features timeless architectural character, including a spacious front porch, exposed rafter tails, and original period details. The generous rear yard creates exciting possibilities for ADUs, expansion, or future redevelopment (buyer to independently verify zoning, density, and development potential). Owner-occupants will appreciate the opportunity to restore a classic home while creating a private compound or income-producing guest house. Ideally located near Echo Park, Silver Lake, Dodger Stadium, DTLA, restaurants, shopping, and major commuter routes. A rare chance to secure a large parcel with immediate character and significant long-term potential.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 948 | 1,664.159 |
| Lot Size | 7,498 | 6,066.556 |
| Price | $1.08M | $1.35M |
| Price per sq ft | $1.1K | $806 |
| Built year | 1910 | 1939 |
| HOA | $0 | $278 |
| Days on market | 44 | 55 |
Jul 27, 2026
$1,080,000
Initial Listing