2338 Highbury Avenue, Los Angeles, California 90032, Los Angeles, 90032 - 2 bed, 2 bath
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2338 Highbury Avenue
Los Angeles, California 90032
ACTIVE
CONDITION: FAIR
2Beds
2Baths
723Sq Ft
4,480Lot Size
Property Price
LIST PRICE$735,000
EST. MARKET VALUE
$726,155
SUMMARY
This Versatile Multi-Level Residence represents a High-Potential Investment Opportunity, listed at a List Price of $735,000—positioned slightly above the $726,156 Fair Market Value. While the property requires modernization, its Fair Condition Rating is offset by a unique three-level layout featuring a separate lower-level bonus unit with a private entrance. This configuration offers significant "house hack" potential for Buy-and-Hold Investors or Owner-Occupants seeking rental income. With an expansive deck, city light views, and a prime University Hills location, this asset provides a strategic foundation for value-add renovations.
Estimated Market Value
$726,155
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2338 Highbury Avenue Subject 2 bd · 2 ba · 723 sqft · $1,004 | $735,000* List Price | 2 | 2 | 723 | $1,004 | - |
A 2304 Warwick Avenue Sold 2 bd · 1 ba · 1,012 sqft · $889 · 0.2 mi | $900,000 | 2 | 1 | 1,012 | $889 | 0.2 mi |
B 3206 Stockbridge Avenue Sold 2 bd · 1 ba · 862 sqft · $1,021 · 0.7 mi | $880,000 | 2 | 1 | 862 | $1,021 | 0.7 mi |
C 1877 Lansdowne Active 2 bd · 2 ba · 885 sqft · $746 · 1.0 mi | $660,000 List Price | 2 | 2 | 885 | $746 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Originally built in 1939, the property shows partial cosmetic updates such as newer laminate flooring and fresh paint on the main level. However, the overall condition is rated 'Fair' due to the age of the structure and dated systems, including visible window AC units and wall heaters rather than central HVAC. The lower-level bonus area and workshop remain in a more dated state, suggesting a need for further modernization of systems and secondary spaces.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Multi-Level Layout
The unique three-level design includes a separate lower-level bonus area with its own entrance, kitchen, and full bathroom, offering excellent potential for a guest suite, home office, or rental income.
- Exceptional Outdoor Amenities
The property features an expansive deck, multiple covered and open patio spaces, and fully enclosed yards, providing significant additional living space for entertaining and privacy.
- Prime University Hills Location
Situated in a desirable neighborhood near Cal State LA and major freeways, this home offers a perfect balance of classic California charm and convenient urban accessibility.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4480, other record lot size in square feet = 4546.
- Limited Interior Square Footage
At just 723 square feet, the primary living area is quite compact, which may be a drawback for buyers seeking more spacious indoor accommodations.
- 1939 Vintage Construction
Despite modern updates, the age of the home may necessitate ongoing maintenance or further upgrades to older systems typical of properties from this era.
About 2338 Highbury Avenue
Tucked away in desirable University Hills, this charming 1939 cottage seamlessly blends classic character with a versatile three-level layout.The main level features two bedrooms, a beautifully updated bathroom, and a convenient laundry area. Upon entering, you are welcomed by a light-filled, spacious living room with warm flooring, leading into an inviting kitchen complete with updated appliances and generous cabinetry. One bedroom boasts a cozy fireplace, while the second offers French doors that open to an expansive deck overlooking the backyard, creating an ideal indoor-outdoor retreat for morning coffee, alfresco dining, or entertaining guests.The middle level provides an oversized laundry room and workshop area outfitted with extensive cabinetry, a utility sink, and exceptional storage, opening up endless possibilities for hobbies, specialized projects, or a dedicated workspace.The lower level features a separate bonus area complete with its own private entrance, kitchen, and full bathroom--perfect for creative pursuits, a quiet home office, or a private sanctuary to unwind.Outside, the property continues to impress with mature trees, multiple covered and open patio spaces, and fully enclosed front and back yards that offer privacy and charm.Complete with an attached one-car garage, multiple outdoor areas to entertain or relax, and an unbeatable location close to shopping, dining, major freeways, and Cal State LA, this unique property offers an exceptional blend of classic California charm and endless potential.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1939
- Lot Size
- 4,480 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 723 | 1,670.836 |
| Lot Size | 4,480 | 6,152.156 |
| Price | $735.0K | $1.34M |
| Price per sq ft | $1.0K | $807 |
| Built year | 1939 | 1941 |
| HOA | $0 | $238 |
| Days on market | 31 | 56 |
Pricing History
Listed for Sale
Oct 9, 2026
$735,000
Initial Listing
Sold
Apr 26, 2019
$480,000
Public Record
Sold
May 26, 2010
$200,000
Public Record
Sold
Jan 23, 2007
$429,000
Public Record