325 Museum Dr, Los Angeles, California 90065, Los Angeles, 90065 - 2 bed, 1 bath
Loading property details...
Los Angeles, California 90065
This Mount Washington Redevelopment Asset is listed at $525,000, representing a stable entry point for the area relative to its $495,821 Fair Market Value. Given the Condition Rating of 6 and the "as-is" sale with occupants, the property is unlendable and requires a specialized acquisition strategy. The primary value-add lies in the 4,485 sqft lot, City Lights View, and proximity to Mt. Washington Elementary and Benjamin Franklin Senior High. This project offers significant redevelopment potential for Cash Investors and Developers seeking a high-demand Los Angeles location.
Property is land value only, full reconstruction required.
Built in 1924, this property is nearly 100 years old. The listing explicitly states it 'will not qualify for traditional financing,' which is a strong indicator of significant structural, safety, or habitability issues that render it unlendable by standard institutions. The exterior images show a severely dilapidated structure with an old, worn roof, weathered siding, and general neglect, consistent with a property that has not undergone major renovations in decades. The combination of age, visible disrepair, and the inability to secure traditional financing suggests the structure is beyond economical repair, and its value is primarily in the land.
The property boasts a central Los Angeles location, offering excellent walkability to shopping, transportation, and major highways.
Situated in the highly sought-after Mount Washington area, known for its community appeal and potential for appreciation.
The property offers attractive city lights views, enhancing its aesthetic appeal and potential market value.
The property will not qualify for traditional financing, severely limiting the buyer pool to cash buyers or those with specialized lending options.
Sold with current occupants in place and restricted to 'drive-by only' viewings, posing considerable challenges for inspection, purchase, and future possession.
Built in 1924 and sold 'as-is' with no warranties, indicating a high likelihood of requiring substantial renovation and capital investment for modernization and repairs.
This property is being sold in its present condition, with no warranties expressed or implied. Drive-by only — do not disturb occupants. The home is centrally located in the heart of Los Angeles, within walking distance to shopping, transportation, and major highways. Property will not qualify for traditional financing. Investors welcome. Home will be sold with current occupants in place.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-6 • 0.7 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 26% |
| Baths | 1.0 | 2.5 | 17% |
| Square foot | 567 | 1,660.5 | 2% |
| Lot Size | 4,485 | 5,769.5 | 18% |
| Price | $525.0K | $1.24M | 1% |
| Price per sq ft | $926 | $766 | 72% |
| Built year | 1924 | 1951 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 219 | 174 | 78% |
Sep 15, 2025
$525,000
Initial Listing
May 4, 2006
$290,000
Public Record