
Los Angeles, California 90027
This property presents a High-Potential Investment Opportunity with a List Price of $1,699,000—positioned well below the $1,721,146 Fair Market Value by 1.28%. This valuation gap offers $22,146 in Instant Equity. Featuring a Condition Rating of 5, the home requires modernization, yet offers a versatile floor plan with panoramic hillside and city light views. Located in the prestigious Franklin Hills near top-rated Ivanhoe Elementary, this is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to personalize a high-upside asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2431 Claremont Subject 3 bd · 3 ba · 2,230 sqft · $752 | $1,599,000* List Price | 3 | 3 | 2,230 | $752 | - |
A 3863 Franklin Avenue Sold 4 bd · 2 ba · 2,140 sqft · $748 · 0.1 mi | $1,600,000 | 4 | 2 | 2,140 | $748 | 0.1 mi |
B 3911 De Longpre Avenue Active 4 bd · 3 ba · 1,896 sqft · $684 · 0.5 mi | $1,296,000 List Price | 4 | 3 | 1,896 | $684 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1980, this 44-year-old home appears to be in mostly original condition. The kitchen and bathrooms feature dated oak cabinetry, tile countertops, and fluorescent lighting from the construction era. With worn carpeting and original finishes throughout, the property requires a full interior rehab to meet modern standards, as noted by the listing's emphasis on 'potential'.
Elementary School: Ivanhoe Elementary School (9/10).
Ideally situated between Los Feliz and Silver Lake, this property offers a prestigious address with a perfect balance of hillside tranquility and proximity to the Eastside's best dining and entertainment.
The home provides access to highly-rated public schools, including Ivanhoe Elementary and John Marshall Senior High, which are significant drivers for long-term property value and family demand.
The property requires cosmetic updates and a kitchen remodel to reach its full potential, which will necessitate additional capital investment from the buyer after closing.
As a hillside residence on a modest 3,830 square foot lot, the property lacks the expansive flat yard space typically sought by buyers with pets or those desiring traditional outdoor recreation areas.
Nestled in the highly desirable Franklin Hills, ideally situated between Los Feliz and Silver Lake, this inviting multi-level residence combines a tranquil hillside atmosphere with spacious living and easy access to the best of L.A.’s Eastside. This home features three bedrooms, two-and-a-half bathrooms, a versatile floor plan, and an attached two-car garage. The main level welcomes you into a spacious step-down living room highlighted by a fireplace and large windows that take advantage of the surrounding hillside setting. A separate dining room provides a great space for entertaining, while the kitchen offers abundant cabinetry and counter space with plenty of potential to create a beautiful modern kitchen. Also on this level are a convenient half bathroom and a generously sized family room that could potentially be reimagined as a fourth bedroom, home office, studio, or creative space. Upstairs are three bedrooms, including a spacious primary suite with its own private bathroom. Two additional bedrooms share a full hallway bathroom, and a separate bonus room provides an ideal space for a home office, reading room, or additional workspace. With its flexible floor plan, hillside, mountain and city light views, attached two-car garage, and desirable location between Los Feliz and Silver Lake, this Franklin Hills home presents an exciting opportunity for a buyer looking to personalize a property and create something truly special. A unique hillside residence with tremendous potential in one of Los Angeles' most distinctive and sought-after neighborhoods.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-6 • 0.6 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,230 | 1,670.836 |
| Lot Size | 3,830 | 6,152.156 |
| Price | $1.60M | $1.34M |
| Price per sq ft | $717 | $807 |
| Built year | 1980 | 1941 |
| HOA | $0 | $238 |
| Days on market | 55 | 56 |
Oct 14, 2026
$1,599,000
$1,649,000
-3% Price Drop
Initial Listing
Oct 8, 2026
$1,649,000
$1,699,000
-3% Price Drop
Initial Listing
Sep 15, 2026
$1,699,000
Initial Listing