
Los Angeles, California 90068
This property presents a High-Potential Investment Opportunity with a List Price of $1,349,995—positioned slightly above the $1,326,534 Fair Market Value. While not a discount acquisition, the home’s Condition Rating of 5 and dual-level layout offer significant value-add potential through renovation. Key features include City Lights and Hillside Views, an expansive balcony, and a flexible floor plan suitable for multi-generational living or rental income. This is a strategic asset for Value-Add Investors or Owner-Occupants looking to build equity in a prime Los Angeles location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3242 Dos Palos Drive Subject 4 bd · 2 ba · 2,025 sqft · $655 | $1,349,995* List Price | 4 | 2 | 2,025 | $655 | - |
A 3385 Charleston Active 4 bd · 2 ba · 1,760 sqft · $739 · 0.4 mi | $1,299,999 List Price | 4 | 2 | 1,760 | $739 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1954 and marketed as a 'reimagination' and 'renovation' project. The interior shows significant age with popcorn ceilings, acoustic tiles, and dated cabinetry likely from the 1970s. The listing's focus on 'potential' and 'high-upside' for investors confirms the home needs a full rehab of systems, kitchens, and baths.
The unique dual-level layout features two separate kitchens and living areas, providing immediate flexibility for rental income, guest quarters, or multi-generational living.
With an existing unfinished basement and a 'fixer' status in a prime Hollywood Hills location, there is a rare opportunity to expand the footprint and build substantial value through renovation.
Ideally situated near major studios and trendy neighborhoods like Silver Lake, the property captures desirable hillside and city light views through classic French doors and an expansive balcony.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
The property is marketed as a project needing a 'reimagining,' implying that significant capital investment and construction time will be required to bring it to modern standards.
While offering great views, the hillside lot may limit usable flat outdoor space and present more complex landscaping or foundation considerations compared to flat-land properties.
Step into a rare opportunity to reimagine a character-filled Traditional home with subtle Spanish influences, ideally positioned to capture natural light and hillside views. Featuring classic French doors that open to an expansive balcony, the home offers seamless indoor-outdoor flow and a layout full of potential. The upper level includes two bedrooms, one bathroom, a spacious living room, and kitchen, while the lower level offers an additional two bedrooms, one full bathroom, a bonus room, and a second kitchen creating flexibility for extended living, guests, or potential income use.A standout feature of the property is the existing basement level, offering a unique opportunity for future expansion. Buyers are encouraged to explore the potential to finish this space and further maximize the home's footprint. Located in a centrally positioned Los Angeles neighborhood with convenient access to major studios, dining, and everyday amenities, the property sits within close proximity to Silver Lake, Echo Park, and Atwater Village some of the city's most vibrant and sought-after communities. Original hardwood floors, abundant windows, and charming architectural details provide a strong foundation for a thoughtful renovation. Whether you're an end-user looking to create a custom multi-level residence or an investor seeking a high-upside project, this property presents a rare opportunity to build equity in a prime location. Bring your vision and unlock the full potential of this versatile home.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-5 • 1.7 mi
Grades K-6 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,025 | 1,670.836 |
| Lot Size | 5,199 | 6,152.156 |
| Price | $1.35M | $1.34M |
| Price per sq ft | $667 | $807 |
| Built year | 1954 | 1941 |
| HOA | $0 | $238 |
| Days on market | 3 | 56 |
Nov 6, 2026
$1,349,995
Initial Listing
Aug 9, 2004
$650,000
Public Record