
Los Angeles, California 90027
This property presents a High-Potential Investment Opportunity with a List Price of $2,599,000—positioned well below the $2,662,693 Fair Market Value by 2%. This valuation gap offers $63,693 in Instant Equity for buyers. Featuring a Condition Rating of 5, this 1937 Colonial Revival estate requires a full restoration, yet offers massive upside through its 12,668 sq ft corner lot and ADU potential. Located near top-rated schools like Ivanhoe Elementary, this is a premier acquisition for Fix-and-Flip Investors or Owner-Occupants seeking a historic Los Feliz trophy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2250 N Catalina Street Subject 3 bd · 3 ba · 2,919 sqft · $912 | $2,599,000* List Price | 3 | 3 | 2,919 | $912 | - |
A 2601 N Commonwealth Avenue Sold 3 bd · 3 ba · 2,912 sqft · $962 · 0.6 mi | $2,800,000 | 3 | 3 | 2,912 | $962 | 0.6 mi |
B 5222 Los Franciscos Way Sold 4 bd · 3 ba · 3,013 sqft · $1,095 · 0.5 mi | $3,300,000 | 4 | 3 | 3,013 | $1,095 | 0.5 mi |
C 2007 N Hobart Boulevard Sold 5 bd · 5 ba · 3,331 sqft · $757 · 0.7 mi | $2,520,000 | 5 | 5 | 3,331 | $757 | 0.7 mi |
D 4799 Bonvue Avenue Active 3 bd · 3 ba · 2,272 sqft · $966 · 0.1 mi | $2,195,000 List Price | 3 | 3 | 2,272 | $966 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1937 and explicitly marketed as a 'canvas for a luxury restoration,' this property requires a full rehab. While the structure is a 'pedigree' estate, the kitchen and bathrooms are significantly dated with missing appliances, and the interior finishes and systems likely exceed the 30-50 year threshold for major updates as evidenced by the call to 'bring your architect.'
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12668, living area = 2919.
Elementary School: Ivanhoe Elementary School (9/10).
Designed by legendary architects Arthur Kelly and Joe Estep, this 1937 American Colonial Revival masterpiece offers significant historic value and timeless design elements.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2919, other record living area = 2619.
The property is marketed as a restoration canvas, implying that significant additional capital and architectural planning are necessary to bring the home to modern luxury standards.
With only three bedrooms for nearly 3,000 square feet of living space, the current layout may feel restrictive for larger families or buyers seeking more guest accommodations.
The Dr. Don S. Dryer Estate (1937) An extraordinary, pedigree opportunity north of the boulevard. Designed by legendary architects Arthur Kelly and Joe Estep, this classic American Colonial Revival masterpiece sits prominently on a commanding 12,000+ sq ft corner lot. This 3-bed, 3-bath trophy estate presents a rare canvas for a luxury restoration, blending grand-scale architecture with infinite equity potential. Inside, a grand-sized living room features soaring ceilings and an elegant fireplace, complemented by a stately, wood-paneled study with its own secondary fireplace. The traditional floor plan boasts a vintage butler's pantry, a sunlit breakfast nook, a sprawling additional recreation room, and a primary suite with a dedicated dressing room. Outside, the expansive grounds feature a classic swimming pool alongside massive expansion and ADU potential. Bring your architect to revive a historic piece of Southern California luxury.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades K-6 • 0.7 mi
Grades K-6 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,919 | 1,670.836 |
| Lot Size | 12,668 | 6,152.156 |
| Price | $2.60M | $1.34M |
| Price per sq ft | $890 | $807 |
| Built year | 1937 | 1941 |
| HOA | $0 | $238 |
| Days on market | 19 | 56 |
Oct 21, 2026
$2,599,000
Initial Listing