
Los Angeles, California 90049
This 1967 Mid-Century Single Family Residence presents a High-Potential Investment Opportunity, listed at $3,850,000—positioned well above the $3,438,075 Fair Market Value by -11%. Featuring a Condition Rating of 4, this "time capsule" offers significant value-add potential through a comprehensive mechanical and cosmetic overhaul. The 15,099 sqft lot, sparkling pool, and panoramic canyon views provide a rare architectural foundation. Located near top-rated schools like Roscomare Road Elementary, this property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a custom renovation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3031 Elvido Drive Subject 5 bd · 5 ba · 4,299 sqft · $800 | $3,850,000* List Price | 5 | 5 | 4,299 | $800 | - |
A 16560 Park Lane Circle Sold 4 bd · 4 ba · 4,409 sqft · $672 · 0.2 mi | $2,962,500 | 4 | 4 | 4,409 | $672 | 0.2 mi |
B 16375 Sloan Drive Sold 4 bd · 4 ba · 4,146 sqft · $850 · 0.2 mi | $3,525,000 | 4 | 4 | 4,146 | $850 | 0.2 mi |
C 16617 Park Lane Circle Sold 5 bd · 4 ba · 3,386 sqft · $797 · 0.3 mi | $2,700,000 | 5 | 4 | 3,386 | $797 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1967 Mid-Century property is a well-maintained 'time capsule.' While the structure appears sound and the kitchen received a partial update approximately 20 years ago (granite counters/oak cabinets), the bathrooms, popcorn ceilings, and likely the major systems are original or significantly dated (>30-50 years). It is functional and move-in ready but requires a comprehensive cosmetic and mechanical overhaul to reach its full potential.
Elementary School: Fairburn Avenue Elementary School (9/10).
This 1967 'time capsule' features soaring ceilings, terrazzo flooring, and a classic single-story layout that offers rare architectural pedigree and significant value-add potential.
Expansive sliding glass doors throughout the home lead to a large 15,000+ sqft lot featuring a sparkling pool, grassy lawn, and stunning mountain and canyon views.
Maintained by the same family since its construction, the home is in largely original condition and requires comprehensive modernization to meet contemporary luxury standards.
The scale of the home and its 1960s vintage suggest that a buyer will need to budget for substantial capital improvements to infrastructure and systems beyond cosmetic updates.
Palm Springs in LA! They simply don't make them like this anymore! Rarely does a home come to market with this kind of character, pedigree, and upside. Built in 1967 by the same family that has cherished it ever since, this exceptional single-story Mid-Century is a true time capsule of thoughtful design, effortless flow, and timeless California living. From the moment you enter through the beautiful terrazzo-floored foyer, the home's soaring ceilings, expansive proportions, and open floor plan make an unforgettable impression. Custom-designed with simplicity, elegance, and functionality in mind, every room is exactly where it should be. The generous living room with fireplace, inviting family room with bar and fireplace, gourmet kitchen with eat-in area, and formal dining room create the perfect setting for both intimate gatherings and grand-scale entertaining. On one side of the sprawling home, there are four bedrooms, including a spacious primary suite with a large walk-in closet and generously sized bathroom. There is a maid's room and bath and laundry room area off the kitchen. The oversized backyard features a sparkling pool, expansive grassy lawn, and spectacular mountain views. With a desirable western exposure, natural light pours into the home throughout the day, leading to breathtaking sunsets in the evening. Sliding glass doors in most rooms seamlessly connect the interiors to the outdoors, capturing the quintessential indoor-outdoor lifestyle that defines Southern California living. There a three-car garage and close by access to excellent public and private schools. Easily update the home and you will have a show place unlike anything else on the market today. Located in the beautiful Skycrest Estates, with convenient access to both the Westside and the Valley, this is more than a home, it's a rare opportunity to own a piece of architectural history and create something truly spectacular. Palm Springs style. Los Angeles convenience. Endless potential.
No exterior & parking available.
Grades K-5 • 1.5 mi
Grades K-5 • 1.6 mi
Grades K-5 • 5.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 4,299 | 1,675.469 |
| Lot Size | 15,099 | 6,126.393 |
| Price | $3.85M | $1.34M |
| Price per sq ft | $896 | $800 |
| Built year | 1967 | 1941 |
| HOA | $2750.0 | $262 |
| Days on market | 8 | 56 |
Oct 16, 2026
$3,850,000
Initial Listing