
Los Angeles, California 90027
This property presents a High-Potential Investment Opportunity with a List Price of $1,675,000—positioned well below the $1,685,388 Fair Market Value by 0.6%. This 1936 Mediterranean Revival, offered for the first time in 80 years, features a Condition Rating of 5, requiring a complete gut rehabilitation. The 7,558-square-foot lot and proximity to top-rated schools like Ivanhoe Elementary provide significant upside for forced appreciation. This is a high-reward acquisition ideal for Fix-and-Flip Investors or Contractors seeking a major project in Los Feliz.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2317 Wayne Subject 3 bd · 2 ba · 2,005 sqft · $841 | $1,675,000* List Price | 3 | 2 | 2,005 | $841 | - |
A 2315 Nella Vista Avenue Sold 4 bd · 2 ba · 1,706 sqft · $1,014 · 0.1 mi | $1,730,000 | 4 | 2 | 1,706 | $1,014 | 0.1 mi |
B 2267 Talmadge Street Sold 4 bd · 3 ba · 2,276 sqft · $703 · 0.3 mi | $1,600,000 | 4 | 3 | 2,276 | $703 | 0.3 mi |
C 4618 Melbourne Sold 4 bd · 3 ba · 2,304 sqft · $681 · 0.9 mi | $1,570,000 | 4 | 3 | 2,304 | $681 | 0.9 mi |
D 4414 Ambrose Avenue Sold 2 bd · 1 ba · 1,329 sqft · $971 · 0.4 mi | $1,290,000 | 2 | 1 | 1,329 | $971 | 0.4 mi |
E 2050 Sanborn Sold 2 bd · 1 ba · 1,254 sqft · $997 · 0.7 mi | $1,249,999 | 2 | 1 | 1,254 | $997 | 0.7 mi |
F 4799 Bonvue Avenue Active 3 bd · 3 ba · 2,272 sqft · $880 · 0.8 mi | $2,000,000 List Price | 3 | 3 | 2,272 | $880 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1936 and not updated in 80 years, the property exhibits significant safety and structural concerns, including severe water damage and failing ceilings visible in multiple rooms. The bathrooms and kitchen are original or severely dated, and the listing's 'as-is' status and suggestion to 'create something entirely new' confirm it requires a complete gut rehabilitation.
Elementary School: Ivanhoe Elementary School (9/10).
Situated north of Los Feliz Boulevard on a prestigious tree-lined street, the property offers exceptional proximity to Griffith Park, the Greek Theatre, and top-rated schools like Ivanhoe Elementary.
Offered for the first time in 80 years, this 1936 Mediterranean Revival home serves as a rare blank canvas for a high-end restoration or a complete custom rebuild in a high-demand neighborhood.
The property is sold in 'as-is' condition with the seller making no repairs or removing personal contents, requiring a substantial additional investment for clean-up and modernization.
The upward-sloping nature of the lot may increase construction costs for future developments and limit the amount of immediately usable flat outdoor living space.
Nestled on a lovely tree-lined street north of Los Feliz Boulevard, in the heart of highly desirable Los Feliz, this charming Mediterranean Revival residence presents a rare opportunity to restore, reimagine, or create something entirely new. Offered for the first time in 80 years, this 1936 home encompasses approximately 2,005 square feet, with 3 bedrooms and 2 bathrooms, situated on a generous 7,558-square-foot, upward sloping lot. As a positive fyi, there is a new, 200 amp electric panel installed in October '26. The spacious backyard offers a wealth of possibilities, while the attached two-car garage and long driveway provide ample parking. Ideally situated just moments from the neighborhood's popular shops, restaurants, and cafes, the property also enjoys close proximity to Griffith Park, its renowned hiking trails, the Griffith Observatory, and the Greek Theatre, along with neighborhood schools and everyday conveniences. Whether you envision restoring the home's original character, creating your own dream residence, or pursuing an investment opportunity, the possibilities are abundant. This is a chance to acquire a property with tremendous potential in one of Los Angeles' most established and sought-after neighborhoods. Property is being sold AS-IS. Seller will make no repairs and will not remove personal property or remaining contents from the home.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-5 • 0.9 mi
Grades K-6 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,005 | 1,670.836 |
| Lot Size | 7,560 | 6,152.156 |
| Price | $1.68M | $1.34M |
| Price per sq ft | $835 | $807 |
| Built year | 1936 | 1941 |
| HOA | $0 | $238 |
| Days on market | 5 | 56 |
Nov 4, 2026
$1,675,000
Initial Listing