2818 Ashland Avenue, Los Angeles, California 90031, Los Angeles, 90031 - 3 bed, 1 bath
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Los Angeles, California 90031
This Hillside Value-Add Asset is listed at $750,000, positioned relative to a $682,807 Fair Market Value. Marketed as a "canvas for vision," the property features a Condition Rating of 5, requiring significant capital investment to modernize its 1927 systems and 3-bed, 1-bath layout. The primary value is anchored in the expansive 8,394 Square Foot Lot and Scenic Mountain and City Views, offering substantial potential for forced appreciation and ROI. Located near Abraham Lincoln Senior High and top-rated South Pasadena Schools, this property is a high-potential project for Fix-and-Flip Investors or Contractors looking to capitalize on the Lincoln Heights expansion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2818 Ashland Avenue Subject | $750,000* List Price | 3 | 1 | 1,020 | $761 | - |
A 2112 Lincoln Park Sold | $615,000 | 3 | 2 | 768 | $801 | 0.6 mi |
B 885 Montecito Drive Sold | $750,000 | 3 | 2 | 1,134 | $661 | 0.8 mi |
C 2136 Alta Street Active Under Contract | $685,000 List Price | 3 | 2 | 1,258 | $545 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1927 with no record of recent renovations, this property is marketed as a fixer-upper for a 'buyer with vision.' The exterior shows significant weathering, and the 'good bones' description indicates the kitchen, baths, and systems likely require a full rehab to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8394, living area = 1020.
Middle School: South Pasadena Middle School (9/10). High School: South Pasadena Senior High School (9/10).
Situated in the rapidly evolving Lincoln Heights neighborhood, the property offers exceptional proximity to Downtown LA, Dodger Stadium, and major freeway arteries like the 5 and 110.
Built in 1927 and marketed as a 'canvas for vision,' the home likely requires substantial capital investment to modernize its original systems, layout, and finishes.
With three bedrooms but only one bathroom, the current configuration may be restrictive for modern families and could impact the property's competitive edge in the resale market.
Perched on a hillside in one of Los Angeles' most centrally located neighborhoods, this home offers space, privacy, and potential. Situated on a 8,394 square foot lot, the property features a flexible multi-level layout with room to make it your own. Inside you will find a home with good bones ready for a buyer with vision. The elevated hillside position delivers natural surroundings and a sense of space that opens up once you are inside. Minutes from Downtown Los Angeles, Dodger Stadium, and with easy access to the 5 and 110 freeways, the location is undeniable. Lincoln Heights is one of the city's most connected and rapidly evolving neighborhoods. Cose to everything without feeling like it. Whether you are looking for a primary residence with room to grow or an investment with long-term upside, this hillside property delivers the kind of canvas that does not come along often.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 21% |
| Square foot | 1,020 | 1,416.5 | 24% |
| Lot Size | 8,394 | 4,940.5 | 92% |
| Price | $750.0K | $962.0K | 29% |
| Price per sq ft | $735 | $724 | 50% |
| Built year | 1927 | 1926 | 55% |
| HOA | $0 | $0 | 50% |
| Days on market | 54 | 124 | 16% |
Apr 23, 2026
$750,000
Initial Listing