3490 Federal Avenue, Los Angeles, California 90066, Los Angeles, 90066 - 3 bed, 1 bath
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Los Angeles, California 90066
This property presents a High-Potential Investment Opportunity with a List Price of $1,649,000—positioned well below the $1,590,598 Fair Market Value by -3%. Featuring a 5,502 sq ft lot and a detached 2-car garage, this Condition Rating 5 asset offers significant value-add potential through renovation. Located in the highly-rated Mar Vista Elementary School District, the home provides a prime Westside location for long-term appreciation. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a project with substantial upside in a sought-after neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3490 Federal Avenue Subject | $1,649,000* List Price | 3 | 1 | 1,280 | $1,243 | - |
A 3833 Coolidge Avenue Sold | $1,286,000 | 3 | 1 | 1,219 | $1,055 | 0.5 mi |
B 4046 Sawtelle Boulevard Sold | $1,648,000 | 3 | 1 | 1,095 | $1,505 | 1.0 mi |
C 3319 Keeshen Drive Sold | $2,100,000 | 3 | 2 | 1,383 | $1,518 | 0.4 mi |
D 12320 Stanwood Drive Sold | $1,775,000 | 4 | 2 | 1,533 | $1,158 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1951 (73 years old), this property is explicitly marketed as a 'builder opportunity' and a 'Trust Sale' being sold 'as-is.' While it features recent cosmetic 'lipstick' updates like new laminate flooring and carpet, the listing's emphasis on needing work and its appeal to builders suggests significant deferred maintenance or outdated systems (HVAC/Electric) consistent with a home of this age requiring a full rehab.
Situated on a desirable tree-lined street, the property offers exceptional proximity to Mar Vista Park, local farmers' markets, and trendy Venice Blvd dining, providing a high-quality Westside lifestyle.
With a 5,502 sq ft lot and a detached two-car garage accessible via the alley, this property presents a premier opportunity for builders or homeowners looking to expand, remodel, or add an ADU.
The home is located within the highly coveted Mar Vista Elementary School District, a significant value driver for families and a key factor for long-term property appreciation.
Sold in 'as-is' condition as a Trust Sale, the property requires significant updates and repairs to meet modern standards, necessitating additional capital investment beyond the purchase price.
The current 3-bedroom, 1-bathroom configuration is undersized for modern family needs and may limit the property's immediate appeal to traditional owner-occupants without a renovation.
Great opportunity for a builder! Fabulously located on a tree lined street in one of the most sought after Mar Vista neighborhoods. Original floor plan, 3 + 1, living room with fireplace and built in shelves, open dining area. New laminate wood floors in Living Rm & central hall. Recessed lights throughout & new carpet in bedrooms. Service porch off kitchen. Step-down enclosed patio. Fenced front & back yards, 2-car garage off alley. Mar Vista Elementary School District. Family owned for decades. Needs some work but endless possibilities. 5,502 sq ft lot. Two car detached garage with entrance off alley. Great neighborhood, close to shopping, restaurants along Venice Blvd, Farmer's Markets, Mar Vista Park, Rec Center, pool & tennis courts. Easy FWY access & commute to all the west side, Culver City, Santa Monica & Beaches. This is a Trust Sale, being sold "as-is." Easy to show with 24 hr notice.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-6 • 0.6 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 44% |
| Baths | 1.0 | 3.0 | 13% |
| Square foot | 1,280 | 2,042 | 21% |
| Lot Size | 5,502 | 5,597 | 46% |
| Price | $1.65M | $2.00M | 29% |
| Price per sq ft | $1.3K | $1.1K | 74% |
| Built year | 1951 | 1951 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 124 | 4% |
May 25, 2026
$1,649,000
Initial Listing