338 W Avenue 37, Los Angeles, California 90065, Los Angeles, 90065 - 2 bed, 2 bath
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338 W Avenue 37
Los Angeles, California 90065
ACTIVE
CONDITION: POOR
2Beds
2Baths
682Sq Ft
3,255Lot Size
Property Price
LIST PRICE$750,000
EST. MARKET VALUE
$662,389
13% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $799,999—positioned well above the $679,199 Fair Market Value by 17%. While the property requires significant capital for modernization due to its Fair Condition Rating, the Mount Washington location and flexible bonus room offer substantial value-add potential. The hillside setting provides scenic views, and the proximity to Mt. Washington Elementary adds long-term appeal. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors capable of executing a comprehensive renovation.
Estimated Market Value
$662,389
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 338 W Avenue 37 Subject | $750,000* List Price | 2 | 2 | 682 | $971 | - |
A 2617 Thorpe Avenue Sold | $700,000 | 2 | 1 | 768 | $911 | 0.8 mi |
B 416 Museum Drive Active | $595,000 List Price | 2 | 1 | 576 | $1,033 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1906 with no evidence of recent major renovations. The property is sold 'As-Is' and described as having 'potential,' which typically indicates a rehab project. Interior photos show dated flooring and unfinished utility areas with exposed plumbing, suggesting the systems and core rooms (kitchen/baths) require significant modernization and repair.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Mount Washington Location
Situated in the highly desirable Mount Washington area, this property offers a prestigious hillside setting known for its unique character and strong long-term appreciation potential.
- Flexible Bonus Space
The home features a versatile bonus room with a full bathroom, providing essential flexibility for a home office, creative studio, or guest quarters that maximizes the utility of the floor plan.
- Significant Value-Add Potential
With its historic 1906 charm and scenic hill views, this property serves as an ideal canvas for investors or homeowners looking to build equity through strategic renovations.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3255, other record lot size in square feet = 2834.
- Limited Interior Square Footage
At just 682 square feet, the living space is exceptionally compact, which may be a restrictive factor for buyers requiring more room or traditional storage options.
- As-Is Condition Requirement
The property is sold in 'As-Is' condition and dates back to 1906, suggesting that significant immediate capital may be required for modernizing systems and structural repairs.
About 338 W Avenue 37
Welcome to this charming hillside home in the highly desirable Mount Washington area! This 2 bed, 2 bathroom property offers a wonderful opportunity for buyers looking for a home with character, views, and plenty of potential. Nestled on a hillside lot, the property provides a unique setting with room to make it your own. The home features a functional layout with a bonus room with full bathroom that offers flexibility for an office, entertainment area, creative studio, or additional living space. A great opportunity for homeowners or buyers looking to add value and create their own vision in Mount Washington! Buyers and buyer's agent to verify all information, permits, etc. Property is sold As-Is.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1906
- Lot Size
- 3,255 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Loreto Street Elementary School
Grades K-5 • 0.3 mi
4/10
Latona Avenue Elementary School
Grades K-6 • 0.6 mi
6/10
Aragon Avenue Elementary School
Grades K-5 • 0.7 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 682 | 1,664.159 |
| Lot Size | 3,255 | 6,066.556 |
| Price | $750.0K | $1.35M |
| Price per sq ft | $1.1K | $806 |
| Built year | 1906 | 1939 |
| HOA | $0 | $278 |
| Days on market | 30 | 55 |
Pricing History
Listed for Sale
Sep 8, 2026
$750,000
$799,999
-6% Price Drop
Initial Listing
Price Change
Aug 10, 2026
$799,999
Initial Listing