3447 Primera Avenue, Los Angeles, California 90068, Los Angeles, 90068 - 4 bed, 3 bath
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Los Angeles, California 90068
This 1928 Spanish retreat is a High-Potential Investment Opportunity, listed at $1,899,995—positioned well below the $1,944,034 Fair Market Value by 2%. This valuation gap offers $44,039 in Instant Equity. Featuring a Condition Rating of 2, the home includes a private guest suite with JADU potential and a proven $3,500/month rental history. With its Hollywood Hills location and modern renovations, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, income-generating asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3447 Primera Avenue Subject | $1,799,999* List Price | 4 | 3 | 2,521 | $728 | - |
A 3115 Ellington Sold | $1,390,000 | 4 | 4 | 2,550 | $545 | 0.7 mi |
B 3468 Troy Drive Sold | $1,595,000 | 3 | 3 | 1,809 | $882 | 0.1 mi |
C 3339 Bennett Drive Sold | $1,960,000 | 4 | 3 | 2,352 | $833 | 0.6 mi |
D 7141 Woodrow Wilson Drive Sold | $1,925,000 | 3 | 4 | 2,475 | $778 | 0.7 mi |
E 3148 Barbara Court Sold | $1,300,000 | 2 | 3 | 1,794 | $725 | 0.5 mi |
F 3346 Troy Drive Active Under Contract | $1,795,000 List Price | 4 | 3 | 2,415 | $743 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1928, the property has undergone a high-quality modern renovation within the last 5 years. The kitchen features contemporary white cabinetry, stone countertops, and stainless steel appliances. The interior is in mint condition with updated systems including dual-pane windows, recessed lighting, and a finished garage/office, requiring no immediate maintenance.
The property features a private lower-level guest suite with city-approved JADU plans and a proven track record of generating approximately $3,500 per month in rental income.
This 1928 Spanish retreat preserves timeless details like exposed wood beams, terra cotta flooring, and graceful arches, complemented by modern dual-pane windows for energy efficiency.
Perfectly situated near the Hollywood Sign trail entrance, the home offers a rare blend of secluded privacy and easy access to the amenities of both Hollywood and Studio City.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2521, other record living area = 1940. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The two-car garage is currently configured as an executive office, which may be a drawback for buyers requiring immediate traditional covered parking for vehicles.
At 5,836 square feet, the lot is relatively compact for the price point, which may limit extensive outdoor expansion or large-scale landscaping projects.
Authentic 1928 Spanish Retreat | Flexible Living | City-Approved JADU Plans - Authentic 1928 Spanish home in the heart of Lake Hollywood Knolls. Perfectly positioned between the energy of Hollywood and the neighborhood charm of Studio City, this home offers the best of both worlds. This beautiful home is surrounded by lush landscaping and mature olive trees, offering a rare sense of privacy while preserving the timeless character and craftsmanship that make Spanish architecture so enduring. Rich architectural details, including graceful arches, exposed wood beams, authentic terra cotta and tile flooring, and sun-filled living spaces, blend seamlessly with thoughtful modern updates. Dual-pane windows throughout create a peaceful interior, allowing you to enjoy the convenience of this central location while feeling worlds away from the city outside. Designed for effortless indoor-outdoor living, this home offers two distinct entertaining spaces: a private front courtyard, perfect for morning coffee or evening cocktails, and an expansive rear ideal for al fresco dining, large celebrations, and weekends with family and friends. For outdoor enthusiasts, the home is ideally located near the iconic Hollywood Sign hike, with a convenient trail entrance just at the end of the street. The attached two-car garage is currently configured as a beautifully finished executive office and can easily be returned to garage parking if desired. The flexible lower level features a private guest suite with its own entrance, living room, bedroom, bathroom, dining area, and an existing kitchen area, with City-approved plans included to permit the space as part of a future JADU conversion. The current owners have averaged approximately $3,500 per month in short-term rental income when operated as a short-term rental, making the space equally well-suited for guests, multigenerational living, or additional income. Whether you're entertaining friends, welcoming extended family, working from home, or simply enjoying the privacy of its outdoor spaces, this home offers a rare combination of timeless character and modern flexibility in the heart of Hollywood Hills.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-5 • 1.7 mi
Grades K-5 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,521 | 1,672 |
| Lot Size | 5,836 | 6,067 |
| Price | $1.80M | $1.37M |
| Price per sq ft | $714 | $801 |
| Built year | 1928 | 1939 |
| HOA | $0 | $348 |
| Days on market | 44 | 56 |
Jul 16, 2026
$1,799,999
$1,850,000
-3% Price Drop
Initial Listing
Jul 9, 2026
$1,850,000
$1,899,995
-3% Price Drop
Initial Listing
Jun 8, 2026
$1,899,995
Initial Listing
Mar 5, 2021
$1,400,000
Public Record
Jul 30, 2020
$1,040,000
Public Record