2361 Scarff Street, Los Angeles, California 90007, Los Angeles, 90007 - 5 bed, 2 bath
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Los Angeles, California 90007
This Historic Victorian Value-Add Asset is listed at $1,650,000, representing a stable valuation relative to its $1,594,618 Fair Market Value. Carrying a Condition Rating of 5, the 1888-built residence requires comprehensive modernization but offers immense upside via its 8,735 SF Lot and ADU Development Potential. Situated within the USC DPS Patrol Zone near Vermont Avenue Elementary and Foshay Learning Center, the property may qualify for Mills Act Tax Savings. This is a strategic acquisition for Student Housing Developers or Value-Add Investors aiming to capitalize on high rental demand.
Property is extensive renovation needed.
Built in 1888, this Victorian home is over 130 years old and is described as retaining its 'original charm,' which typically indicates a lack of modern updates to the kitchen, bathrooms, and major systems. The listing's focus on the large lot, ADU potential, and basement conversion suggests the existing structure requires substantial rehabilitation and modernization to meet current safety and comfort standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8735, living area = 1392.
This historic 5-bedroom, 2-bath Victorian home sits on a large 8,735 SF lot in the University Park neighborhood, just minutes from USC Campus and Mount Saint Mary's Doheny. The property is also within the USC DPS Patrol zone and Rideshare program. Built in 1888, the 1,392 SF home retains its original charm and character, with a spacious basement that could be converted into an additional unit. In the rear of the property you will also find a large lot that offers plenty of space for additional ADUs or other structures (subject to city and HPOZ approval), making it a great opportunity for an owner-user or an investor looking to maximize the property by renting to students. The property may also qualify for Mills Act tax savings (buyer to verify). A rare chance to own a historic home with flexible options for living, expansion, or income in a prime LA location.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 63% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 1,392 | 1,340 | 50% |
| Lot Size | 8,735 | 3,429 | 88% |
| Price | $1.65M | $809.5K | 88% |
| Price per sq ft | $1.2K | $508 | 88% |
| Built year | 1888 | 1906 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 170 | 177 | 38% |
Feb 12, 2026
$1,650,000
$1,800,000
-8% Price Drop
Initial Listing
Nov 3, 2025
$1,800,000
Initial Listing