2477 Richelieu Avenue, Los Angeles, California 90032, Los Angeles, 90032 - 3 bed, 1 bath
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Los Angeles, California 90032
This Traditional Residential Asset is a Strong Value Opportunity, listed at $800,000—positioned well below the $844,464 Fair Market Value by 5%. This valuation gap provides $44,464 in Instant Equity for the buyer. While currently holding a Fair Condition Rating due to a dated kitchen and original systems, the property features a 350 sqft bonus family room and an expansive 6,000 sqft flat lot with mountain views. Located in the Los Angeles Unified district, this home offers significant forced appreciation potential through modernization. It is an ideal acquisition for Owner-Occupants looking to build wealth or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2477 Richelieu Avenue Subject | $800,000* List Price | 3 | 1 | 1,297 | $651 | - |
A 2459 N Ditman Sold | $830,000 | 3 | 2 | 1,347 | $616 | 0.1 mi |
B 2916 Vaquero Sold | $790,000 | 3 | 2 | 1,342 | $589 | 0.9 mi |
C 1860 N Rowan Sold | $868,000 | 3 | 2 | 1,315 | $660 | 0.8 mi |
D 2417 Richelieu Avenue Sold | $750,000 | 3 | 1 | 947 | $792 | 0.1 mi |
E 1823 N Rowan Sold | $867,500 | 3 | 2 | 1,306 | $664 | 0.8 mi |
F 4716 Del Paso Court Sold | $725,000 | 3 | 2 | 1,246 | $582 | 0.7 mi |
G 4855 Klamath Active | $849,000 List Price | 3 | 2 | 1,400 | $606 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1947, this property shows a mix of partial updates and dated original features. While the bathroom has been renovated with modern tiling and the main living areas feature newer laminate flooring, the kitchen remains dated with older tile countertops and appliances. The presence of a wall heater indicates a lack of modern central HVAC systems, and the wood-paneled family room and exterior concrete surfaces show significant age-related wear, placing it in the 'Fair' category requiring further modernization.
The property features a generous 6,000 sqft flat lot with mountain views and a mature avocado tree, offering rare outdoor utility and entertaining space in El Sereno.
A 350 sqft family room with a wood-burning fireplace and bar area provides significant bonus square footage and seamless indoor-outdoor connectivity.
Located in a highly desirable pocket of El Sereno, the home combines strong curb appeal with scenic mountain views and proximity to central Los Angeles.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1297, other record living area = 947.
With three bedrooms but only one bathroom, the home may present functional challenges for larger families and impact overall market competitiveness.
The single-car garage may be insufficient for modern multi-vehicle households, potentially leading to a reliance on driveway or street parking.
Welcome to this charming 3-bedroom, 1-bath home located in one of the most desirable pockets of El Sereno, Los Angeles. filled with warmth, character, and stunning mountain views, this traditional-style residence offers a unique blend of comfort and timeless appeal. Once inside, you're greeted by laminate flooring flowing throughout the home, complemented by beautiful wood-like details that add depth and personality. The kitchen features updated flooring, stylish cabinetry, and ample space, perfect for both everyday living and entertaining. Each bedroom is thoughtfully designed with inviting natural light, including elegant chandelier lighting that enhances the home's charm. The property includes an additional family room of approximately 350 sq ft. complete with a cozy wood-burning fireplace, bar area, and surrounding doors that seamlessly connect indoor and outdoor living. Outside a generous 6,000 sq ft flat lot, where you'll find a mature avocado tree and plenty of space for dining, entertaining, or simply enjoying your morning coffee with a view. The backyard offers both tranquility and functionality. Additional highlights include a 1-car garage, ample driveway parking, and great curb appeal. This is an incredible opportunity to own a character-rich home in a highly sought-after neighborhood of El Sereno, close to everything Los Angeles has to offer while still providing a peaceful, scenic setting.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 35% |
| Square foot | 1,297 | 1,246 | 55% |
| Lot Size | 6,000 | 5,435 | 57% |
| Price | $800.0K | $868.0K | 39% |
| Price per sq ft | $617 | $688 | 31% |
| Built year | 1947 | 1940 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 171 | 1% |
May 1, 2026
$800,000
Initial Listing