3864 Clayton Avenue, Los Angeles, California 90027, Los Angeles, 90027 - 2 bed, 1 bath
ACTIVE$1,200,000$951/sqft
Est. Value: $1,202,304
%
FairlyEstimate
3864 Clayton Avenue, Los Angeles, California 90027
2Beds
1Bath
951Sqft
7,846Lot
Price Vs. Estimate
The estimated value ($1,202,303.77) is $2,303.77 (0%) lower than the list price ($1,200,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7846, living area = 951.
Top Cons:
Fixer Condition & Age: The 1948 cottage is described as a 'fixer,' indicating it requires substantial renovation, modernization, or complete redevelopment to meet contemporary standards.
Compared to the nearby listings
Price:$1.20M vs avg $2.27M ($-1,075,000)7%
Size:951 sqft vs avg 2,417 sqft7%
Price/sqft:$1.3K vs avg $98488%
More Insights
Built in 1948 (78 years old).
Condition: Built in 1948 and explicitly marketed as a 'fixer,' this property requires substantial repairs and rehabilitation. The kitchen features original or very old wood cabinets, dated laminate countertops, and older white appliances. The bathroom is also very dated with an old vanity, faucet, and small tile flooring. While some areas have newer laminate flooring and paint, and a mini-split AC unit is present, the overall condition of major components like the kitchen, bathroom, and likely other systems (given the wall heater) indicates a need for significant investment to meet modern standards. The property's value is primarily in its redevelopment potential rather than its current livability.
Year Built
1948
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$1,262
HOA
-
Days on market
-
Sold On
-
MLS number
P1-25503
Home ConditionPoor
Features
Excellent View: City Lights, Hills
Deck
ViewCity Lights,Hills
About this home
Prime Franklin Hills fixer with exceptional upside. This 1948 cottage with 951 sq. ft. of living space, including 2 bedrooms and 1 bathroom, is on an expansive 7,846 sq. ft. lot. Perched on a hillside with stunning city views, the property presents a rare opportunity for redevelopment, expansion, or a value-add renovation in one of Los Angeles' most sought-after neighborhoods.The generous lot size and elevated setting make it an ideal candidate for a new custom single-family residence or a creative redevelopment project (buyer to verify zoning and permitting with the City of Los Angeles). Two additional detached structures on the property offer potential for studio, office, or storage use, further enhancing redevelopment flexibility.Surrounded by lush greenery, the site provides privacy, tranquility, and dramatic views--key attributes for high-end resale or long-term investment. Just minutes from Los Feliz Village, Griffith Park, and major dining, shopping, and entertainment destinations, this property combines strong location fundamentals with significant future potential.
P
Patrick Cochran
Listing Agent
Nearby schools
8/10
Franklin Avenue Elementary School
Public,•K-6•0.7mi
5/10
Micheltorena Street Elementary School
Public,•K-5•0.7mi
/10
Lexington Avenue Primary Center
Public,•K-2•0.7mi
4/10
Lockwood Avenue Elementary School
Public,•K-6•0.9mi
9/10
Ivanhoe Elementary School
Public,•K-5•0.9mi
7/10
Los Feliz STEMM Magnet
Public,•K-6•1.0mi
4/10
Grant Elementary School
Public,•K-6•2.1mi
6/10
Cheremoya Avenue Elementary School
Public,•K-6•2.5mi
6/10
Thomas Starr King Middle School
Public,•6-8•0.3mi
3/10
Joseph Le Conte Middle School
Public,•6-8•2.3mi
8/10
John Marshall Senior High School
Public,•9-12•0.6mi
6/10
Hollywood Senior High School
Public,•9-12•3.5mi
Condition Rating
Poor
Built in 1948 and explicitly marketed as a 'fixer,' this property requires substantial repairs and rehabilitation. The kitchen features original or very old wood cabinets, dated laminate countertops, and older white appliances. The bathroom is also very dated with an old vanity, faucet, and small tile flooring. While some areas have newer laminate flooring and paint, and a mini-split AC unit is present, the overall condition of major components like the kitchen, bathroom, and likely other systems (given the wall heater) indicates a need for significant investment to meet modern standards. The property's value is primarily in its redevelopment potential rather than its current livability.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7846, living area = 951.
Great Schools: Elementary School: Ivanhoe Elementary School (9/10).
Exceptional Redevelopment Potential: The property is explicitly marketed as a 'fixer with exceptional upside' and a 'rare opportunity for redevelopment, expansion, or a value-add renovation,' making it ideal for a new custom residence.
Prime Franklin Hills Location: Situated in 'one of Los Angeles' most sought-after neighborhoods,' offering proximity to Los Feliz Village, Griffith Park, and major dining, shopping, and entertainment destinations.
Stunning Panoramic Views: Perched on a hillside, the property boasts 'stunning city views' and 'dramatic views' of City Lights and Hills, a highly desirable feature for high-end resale or long-term investment.
Expansive & Private Lot: A generous 7,846 sq. ft. lot provides ample space for expansion or a new build, enhanced by lush greenery for privacy and tranquility.
Versatile Detached Structures: Two additional detached structures offer flexible use as a studio, office, or storage, adding immediate utility or future redevelopment options.
Cons
Fixer Condition & Age: The 1948 cottage is described as a 'fixer,' indicating it requires substantial renovation, modernization, or complete redevelopment to meet contemporary standards.
Limited Current Living Space: The existing 951 sq. ft. home with 2 beds/1 bath is small, which may not meet the needs of many buyers in this high-value area without significant investment.
Redevelopment Due Diligence Required: Buyers must verify zoning and permitting with the City of Los Angeles for any redevelopment, which could involve a complex and time-consuming process.