2315 Nella Vista Avenue, Los Angeles, California 90027, Los Angeles, 90027 - 4 bed, 2 bath
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Los Angeles, California 90027
This property presents a High-Potential Investment Opportunity with a List Price of $1,375,000—positioned well below the $1,384,450 Fair Market Value by 0.68%. This valuation gap offers $9,450 in Instant Equity. Featuring a Fair Condition Rating (5/10), the 1922 structure requires a comprehensive renovation, yet the 7,003 sqft lot offers immense development potential for an ADU or custom estate. Located in the Franklin Avenue Elementary School district, this is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking a long-term project in Los Feliz.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2315 Nella Vista Avenue Subject | $1,375,000* List Price | 4 | 2 | 1,706 | $812 | - |
A 1948 Monon St. Sold | $1,257,500 | 2 | 1 | 1,402 | $897 | 0.6 mi |
B 2105 Ames Street Sold | $1,753,000 | 3 | 2 | 2,193 | $799 | 0.4 mi |
C 4618 Melbourne Active | $1,699,955 List Price | 3 | 1 | 1,762 | $965 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1922 and held by the same family since 1958, the home is in mostly original or heavily dated condition. Visuals show popcorn ceilings, 1970s-style wood paneling, and an outdated kitchen and bath. The listing explicitly markets the property as a 'project' for renovation or a site for a 'custom dream residence,' indicating that major systems and finishes require a complete rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7003, living area = 1706.
Elementary School: Ivanhoe Elementary School (9/10).
Situated north of Los Feliz Boulevard, this property offers an irreplaceable location within walking distance to Griffith Park trails and the vibrant dining and shopping hubs of Vermont and Hillhurst Avenues.
Held by the same family since 1958, the home likely requires a comprehensive and costly modernization of its interior finishes and floor plan to meet contemporary luxury standards.
Given the 1922 build date and long-term ownership, buyers should anticipate the need for substantial investment in updating core systems such as plumbing, electrical, and foundation work.
On a lovely street, north of Los Feliz Blvd, this 4-bedroom, 2-bathroom property offers a rare opportunity to create something truly special! Lovingly owned by the same family for three generations, this cherished property is being offered for the first time since 1958 and is ready to begin its next chapter. Whether you choose to renovate and reimagine the existing home, or create a custom dream residence, this exceptional offering presents limitless possibilities. The expansive rear deck serves as an entertaining space today, or it could be removed to create a generous backyard with room for a pool, outdoor living spaces, lush landscaping, and a possible ADU. Located within the highly desirable Franklin Avenue Elementary School district (per LAUSD), the home enjoys an unbeatable location just moments from Los Feliz's vibrant shopping and dining along Vermont and Hillhurst. Enjoy neighborhood favorites including Alcove, Little Dom's, Lou's Wines, All Time, Encanto, Jeni's Splendid Ice Creams, Maru Coffee, MessHall, and many (many!) more. Griffith Park's renowned hiking trails, the Griffith Observatory, The Greek Theatre, and convenient freeway access are all just minutes away, offering the perfect blend of tranquility and city convenience. Whether you're an owner-user searching for the ideal place to build your forever home or an investor seeking your next project in a premier Los Angeles neighborhood, this is a rare chance to secure a property with exceptional potential in a truly irreplaceable location.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-6 • 1.0 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,706 | 1,672 |
| Lot Size | 7,003 | 6,067 |
| Price | $1.38M | $1.37M |
| Price per sq ft | $806 | $801 |
| Built year | 1922 | 1939 |
| HOA | $0 | $348 |
| Days on market | 16 | 56 |
Jul 6, 2026
$1,375,000
Initial Listing