
Los Angeles, California 90031
This property presents a High-Potential Investment Opportunity with a List Price of $1,099,000—positioned well below the $1,124,319 Fair Market Value by 2%. This valuation gap offers $25,319 in Instant Equity. Featuring a Condition Rating of 5, the home requires significant rehabilitation, yet its Historic Landmark Status and 11,319 sqft lot provide immense value-add potential. With proximity to top-rated schools like South Pasadena High, this is a strategic acquisition for Buy-and-Hold Investors or Contractors seeking a historic restoration project.
Property is extensive renovation needed.
This historic 1886/1910 residence has not been renovated in over 75 years, showing severe deferred maintenance. Interior and exterior images reveal significant ceiling damage, a failing roof, non-functional plumbing (indicated by signage), and ancient kitchen and bathroom fixtures. The property requires a complete rehabilitation of all major systems including HVAC, electrical, and plumbing to be considered livable by modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11319, living area = 2312.
Middle School: South Pasadena Middle School (9/10). High School: South Pasadena Senior High School (9/10).
As Los Angeles Historic Landmark #145, this property offers irreplaceable architectural provenance and potential property tax savings through the Mills Act.
The assigned elementary school carries a rating of 2/10, which may be a significant drawback for families prioritizing high-performing public education.
With five bedrooms but only two bathrooms, the home's current configuration may require substantial renovation to meet modern standards for convenience and luxury.
A rare chapter of Los Angeles history is ready to begin its next story. Circa 1886, though listed in ZIMAS as built in 1910 and possibly designed by Joseph Cather Newsom, this remarkable Lincoln Heights residence has witnessed the evolution of one of Los Angeles’ most historic neighborhoods. Now, for the first time in more than 75 years, this treasured Los Angeles Historic Landmark #145 Madrid home is being offered for sale—an extraordinary opportunity to become its next steward. According to Los Angeles City Planning, Lincoln Heights was subdivided in 1873 and is one of Los Angeles’ earliest residential suburbs, known for its Victorian-era, Arts and Crafts, and other early architectural styles. This home emerged during a pivotal period, as Los Angeles expanded rapidly and Lincoln Heights grew into a vibrant residential community linked to the city by the expanding streetcar system. Equally compelling is its ownership history. Last sold in 1950, it has remained with the same family for three generations. For more than seven decades, it has been a home filled with memories, milestones, celebrations, and family life. In an era when properties often change hands, such continuity is increasingly rare. After thoughtful consideration, the owners have made the heartfelt decision to pass this historic residence to its next chapter. This offering is for buyers who value more than square footage and finishes—for those who understand the irreplaceable value of history, character, authenticity, and the stories embedded within an older home. A circa 1886 residence extends a tangible connection to another era and an architectural presence shaped by Los Angeles history. Lincoln Heights remains an important part of the city’s architectural and cultural fabric, with historic streets and early homes reflecting Los Angeles’ evolution into the metropolis it is today. For its next owner, this is more than a real estate transaction—it is an invitation to become part of a legacy. After 76 years in the same family’s hands, this historic Lincoln Heights Landmark home is ready for its next caretaker, its next family, and its next generation of memories. Homes with this kind of longevity, provenance, and connection to Los Angeles history are increasingly rare. Some homes are purchased for where they are. Others are cherished for what they represent. This is one of those rare homes where history, family, and opportunity come together ready to welcome its next chapter.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.3 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,312 | 1,670.836 |
| Lot Size | 11,319 | 6,152.156 |
| Price | $1.10M | $1.34M |
| Price per sq ft | $475 | $807 |
| Built year | 1910 | 1941 |
| HOA | $0 | $238 |
| Days on market | 61 | 56 |
Sep 9, 2026
$1,099,000
Initial Listing