2540 Prosser Avenue, Los Angeles, California 90064, Los Angeles, 90064 - 4 bed, 2 bath
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Los Angeles, California 90064
This property presents a Strong Value Opportunity with a List Price of $1,925,000—positioned well below the $2,105,050 Fair Market Value by 8%. This valuation gap offers $180,050 in Instant Equity for buyers. Featuring a Condition Rating of 5, the home requires significant renovation, yet offers a private pool and proximity to the 9/10 rated Overland Avenue Elementary School. This is a high-potential acquisition ideal for Fix-and-Flip Investors or Owner-Occupants looking to build long-term value in Cheviot Hills.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2540 Prosser Avenue Subject | $2,118,000 | 4 | 2 | 1,762 | $1,195 | - |
A 2861 Dunleer Place Sold | $1,737,500 | 2 | 2 | 1,687 | $1,030 | 0.4 mi |
B 10448 Cheviot Drive Sold | $2,055,000 | 2 | 2 | 1,973 | $1,042 | 0.4 mi |
C 10308 Keswick Avenue Sold | $1,975,000 | 4 | 3 | 1,807 | $1,093 | 0.7 mi |
D 10337 Dunleer Drive Sold | $2,405,000 | 3 | 2 | 1,868 | $1,287 | 0.6 mi |
E 10582 Cheviot Drive Sold | $2,175,000 | 4 | 4 | 2,183 | $996 | 0.4 mi |
F 2207 Parnell Sold | $2,200,000 | 3 | 3 | 1,580 | $1,392 | 0.6 mi |
G 2642 Manning Avenue Active | $2,450,000 List Price | 4 | 2 | 1,918 | $1,277 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1927, this property is explicitly marketed as a 'TLC' project for developers and investors. While the kitchen was updated from the original, the home appears to have gone 30+ years without a comprehensive renovation, as evidenced by dated bathroom fixtures and the listing's emphasis on land value and architectural potential rather than current move-in readiness.
Elementary School: Overland Avenue Elementary School (9/10).
Situated in the prestigious Cheviot Hills enclave, the property is just 0.25 miles from the highly-rated Overland Avenue Elementary School and minutes from Century City and Fox Studios.
This character-filled 1927 home presents a rare opportunity for developers or investors to renovate and capitalize on the high equity upside within a coveted architectural neighborhood.
The property is noted as needing significant 'TLC,' indicating that buyers should budget for substantial capital improvements to modernize the nearly century-old structure and systems.
At 1,762 square feet for a 4-bedroom layout, the interior proportions may feel constrained compared to modern luxury standards, potentially requiring a reconfiguration of the existing footprint.
Opportunity is Knocking! This Character Filled Gem, located in the prestigious Cheviot Hills offers a rare and perfect opportunity for the Developer, Investor, or Family wanting to put their love and TLC into this coveted enclave. This light filled home offers an inviting living room, dining room area, and charm galore reminiscent of the true architectural legacy this neighborhood affords. The kitchen has been updated from the original home, and overlooks a private yard, graced with a pool. All this located in close proximity to the beautiful Rancho Park and Golf Course, Fox Studios, and the highly sought after Overland Elementary School. Spend time shopping, entertain, and dine in the local pristine Century City Mall. Please note some photos have been digitally altered. The possibilities are endless!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 1.2 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 44% |
| Square foot | 1,762 | 2,021 | 37% |
| Lot Size | 6,254 | 6,249 | 53% |
| Price | $2.12M | $2.12M | 50% |
| Price per sq ft | $1.2K | $1.0K | 72% |
| Built year | 1927 | 1945 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 116 | 4% |
May 7, 2026
$1,925,000
Initial Listing