
Los Angeles, California 90016
This Single Family Residence presents a Strong Value Opportunity with a List Price of $990,000—positioned well below the $1,090,475 Fair Market Value by 9%. This valuation gap offers $100,475 in Instant Equity for buyers. Featuring a Fair Condition Rating, the property requires system and cosmetic updates, yet its 1,876 sqft layout and 6,685 sqft lot provide significant upside. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term wealth through strategic renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3600 Chesapeake Avenue Subject 4 bd · 2 ba · 1,876 sqft · $547 | $925,000* List Price | 4 | 2 | 1,876 | $547 | - |
A 2943 Chesapeake Avenue Sold 3 bd · 2 ba · 1,534 sqft · $619 · 0.5 mi | $950,000 | 3 | 2 | 1,534 | $619 | 0.5 mi |
B 3018 S Victoria Avenue Sold 3 bd · 1 ba · 1,550 sqft · $597 · 0.6 mi | $925,000 | 3 | 1 | 1,550 | $597 | 0.6 mi |
C 3516 S Cochran Avenue Active Under Contract 3 bd · 2 ba · 1,883 sqft · $635 · 0.9 mi | $1,195,000 List Price | 3 | 2 | 1,883 | $635 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1944, the property shows signs of a partial renovation (specifically the bathroom) that appears to be 15-20 years old. While the hardwood floors are well-maintained, the presence of older wall heaters instead of central HVAC and dated 1970s-style wood-beamed ceilings place it in the 'Fair' category, requiring cosmetic and system updates to meet modern standards.
With over 1,800 square feet of living space and a 6,685 square foot lot, this property offers rare scale and outdoor potential for the Park Hills Heights area.
The home features classic character and hardwood floors, providing a strong foundation for buyers looking to build equity through personalized renovations.
A significant price reduction from the original $1.29M to $990,000 positions the property as a high-value opportunity in a desirable Los Angeles community.
The property is marketed as a 'blank canvas,' implying that substantial capital investment is needed to update the 1944 interior and systems.
Multiple price reductions in a short period may indicate initial overpricing or underlying issues that have deterred full-price offers during the first weeks on market.
Here's the opportunity you've been waiting for in Park Hills Heights. Welcome to this spacious two-story, 4-bedroom, 2-bath home offering over 1,800 square feet of living space on a generous 6,000+ square-foot lot. With the space, character, and location buyers are searching for, this home is ready for you to make it your own. Step inside and discover the warmth of hardwood floors and a floor plan with room to live, work, entertain, and grow. Four bedrooms provide the flexibility for family, guests, a home office, or whatever your lifestyle calls for. Outside, the expansive lot is a standout feature offering plenty of room to create your own Southern California outdoor retreat, from weekend gatherings and summer barbecues to gardening, play space, or simply relaxing at home. This is an opportunity to put down roots in an established Los Angeles community while creating a home that reflects your own style and vision. Homes with this combination of space, lot size, and potential don't come along every day. Don't just imagine what this home could become, come see the possibilities for yourself. Your next chapter could begin right here!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,876 | 1,670.836 |
| Lot Size | 6,685 | 6,152.156 |
| Price | $925.0K | $1.34M |
| Price per sq ft | $493 | $807 |
| Built year | 1944 | 1941 |
| HOA | $0 | $238 |
| Days on market | 60 | 56 |
Nov 5, 2026
$925,000
$990,000
-7% Price Drop
Initial Listing
Oct 3, 2026
$990,000
$1,190,000
-17% Price Drop
Initial Listing
Sep 19, 2026
$1,190,000
$1,290,000
-8% Price Drop
Initial Listing
Sep 10, 2026
$1,290,000
Initial Listing