3497 Redwood Avenue, Los Angeles, California 90066, Los Angeles, 90066 - 2 bed, 2 bath
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3497 Redwood Avenue
Los Angeles, California 90066
ACTIVE
CONDITION: POOR
2Beds
2Baths
1,517Sq Ft
5,024Lot Size
Property Price
LIST PRICE$1,699,000
EST. MARKET VALUE
$1,651,887
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,849,000—positioned well below the $1,770,410 Fair Market Value by -4%. While the home carries a Condition Rating of 5, the 5,000 square foot corner lot and functional layout provide a solid foundation for value-add renovations. Featuring a Covered Patio, 2-car garage, and proximity to top-rated schools like Mar Vista Elementary, this asset is ideal for Fix-and-Flip Investors or Contractors seeking to modernize a classic 1950s footprint in a prime location.
Estimated Market Value
$1,651,887
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 |
|---|---|---|---|---|---|---|
★ 3497 Redwood Avenue Subject | $1,699,000* List Price | 2 | 2 | 1,517 | $1,089 | - |
A 3505 Redwood Avenue Sold | $1,435,000 | 3 | 1 | 1,008 | $1,424 | 0.0 mi |
B 3604 Moore Street Sold | $1,800,000 | 4 | 2 | 1,625 | $1,108 | 0.4 mi |
C 13119 Rose Ave Sold | $1,925,000 | 3 | 2 | 1,597 | $1,205 | 0.4 mi |
D 12320 Stanwood Drive Sold | $1,775,000 | 4 | 2 | 1,533 | $1,158 | 1.0 mi |
E 3680 Colonial Avenue Sold | $1,750,000 | 3 | 2 | 2,079 | $842 | 0.8 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 1950 and described as a '1950 original' ready for upgrades, this property requires a full interior rehab. While the exterior has new stucco, the interior features dated finishes, original doors, and outdoor laundry facilities, indicating that the kitchen, bathrooms, and core systems likely need significant modernization to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Mar Vista Location
Situated on a desirable 5,000 square foot corner lot, the property offers excellent walkability to Beethoven Market and easy bike access to Penmar and local beaches.
- Ample Parking and Accessibility
The home features a rare combination of a 2-car garage with remote access plus additional off-street parking via a rear alley entrance, providing significant convenience in a dense neighborhood.
- Functional Living Layout
With both a formal living room and a separate family room featuring a brick fireplace, the 1,517 square foot floor plan offers more versatile living space than typical two-bedroom residences.
CONSRISKS & DEFICIENCIES
- Dated Interior Condition
Described as a 1950 original 'ready for upgrades,' the property likely requires a substantial capital investment to modernize the interior finishes and systems.
- Limited Bedroom Count
At a price point of $1.849M, the two-bedroom configuration may limit the buyer pool, particularly for families or those requiring a dedicated home office space.
About 3497 Redwood Avenue
A Well located Mar Vista home, ready for your upgrades. A 1950 original on a nice 5,000 square foot corner lot. A formal dining room with picture windows and Two nice sized bedrooms with extra closets. The Primary bedroom has a private bathroom with spa tub. The property offers both Living and Family rooms, the rear Family room has a nice Brick fireplace for winter nights. Completely fenced all around and new exterior stucco. A 2 car garage w/ remote door plus a rear alley entrance with more off -street parking. Covered Patio with Ocean Breezes and a short stroll to the popular Beethoven Market. Bike to the Penmar and Beaches.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 5,024 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
Walgrove Avenue Elementary School
Grades K-5 • 0.2 mi
4/10
Beethoven Street Elementary School
Grades K-5 • 0.4 mi
7/10
Mar Vista Elementary School
Grades K-5 • 1.2 mi
8/10
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 | 1,517 | 1,664.159 |
| Lot Size | 5,024 | 6,066.556 |
| Price | $1.70M | $1.35M |
| Price per sq ft | $1.1K | $806 |
| Built year | 1950 | 1939 |
| HOA | $0 | $278 |
| Days on market | 50 | 55 |
Pricing History
Listed for Sale
Aug 1, 2026
$1,699,000
$1,849,000
-8% Price Drop
Initial Listing
Price Change
Jul 21, 2026
$1,849,000
Initial Listing