3892 Cherrywood Avenue, Los Angeles, California 90008, Los Angeles, 90008 - 5 bed, 4 bath
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Los Angeles, California 90008
This Dual-Living Income Property is a Prime Investment Opportunity, listed at $1,399,900—positioned well below the $1,444,013 Fair Market Value by 3%. This valuation gap offers $44,113 in Instant Equity. Boasting a Good Condition Rating, the residence features a renovated main house and a brand-new, permitted 842 sq. ft. ADU with high rental demand. While the exterior offers room for value-add landscaping, the interior provides Central HVAC and Modern Upgrades in historic Leimert Park. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a sophisticated house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3892 Cherrywood Avenue Subject | $1,399,900* List Price | 5 | 4 | 2,461 | $587 | - |
A 3815 Welland Avenue Sold | $1,075,000 | 3 | 3 | 1,902 | $565 | 0.2 mi |
B 3481 Mount Vernon Drive Sold | $1,635,000 | 3 | 4 | 2,465 | $663 | 0.9 mi |
C 3884 S Norton Avenue Sold | $1,170,000 | 3 | 3 | 2,030 | $576 | 0.2 mi |
D 4325 9th Avenue Sold | $1,378,000 | 3 | 3 | 2,313 | $596 | 0.7 mi |
E 3860 Hepburn Avenue Sold | $1,351,000 | 4 | 2 | 1,850 | $730 | 0.2 mi |
F 4131 Edgehill Drive Sold | $1,370,000 | 4 | 3 | 2,071 | $662 | 0.4 mi |
G 4223 Edgehill Drive Active | $1,389,000 List Price | 4 | 3 | 2,108 | $659 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready, featuring a brand-new 842 sq. ft. permitted ADU and extensive recent interior renovations to the 1941 main house. Upgrades include new flooring, recessed lighting, central HVAC, and modern bathroom remodels with contemporary tiling and fixtures. The score is 'good' rather than 'excellent' because the kitchen appears to be a cosmetic refresh of older cabinetry rather than a full custom replacement, and the listing notes the exterior requires further cosmetic updates and landscaping.
The property includes a newly constructed, fully permitted 842 sq. ft. ADU above the garage with 2 bedrooms and 1.5 bathrooms, offering immediate opportunities for rental income or multigenerational living.
The main residence features a recent 360 sq. ft. addition and comprehensive modernizations, including central HVAC, new flooring, recessed lighting, and updated moldings throughout.
Situated in a highly desirable and historic Los Angeles neighborhood, the property offers a strong sense of community and privacy provided by tall block walls along the perimeter.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2461, other record living area = 1260. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
The exterior of the home requires cosmetic updates and landscaping to bring it to the same high standard as the newly renovated interior spaces.
The surrounding public schools have relatively low performance ratings, which may be a drawback for families prioritizing high-ranking educational facilities.
***Single Family Home + ADU / Guest House (2 BED, 1.5 BA) in LEIMERT PARK*** Why purchase one, when you can get 2 for the same price? This is precisely what this property offers - a rare combination of comfortable living and strong income potential. Main house features 3 bedrooms, 2 bathrooms + a den. With major improvements, which include a 360 sq. ft. new addition to the main house that added a den, bedroom, and bathroom. Interior upgrades include new flooring and moldings throughout, recessed lighting, ceiling fans with two oversized bedrooms, updated interior paint, central HVAC, and a refreshed original bathroom featuring new flooring, tub, vanity, and lighting. Surrounded primarily by single-family homes, the property provides a ton of privacy with it’s tall block walls along most of the perimeter. However, the major highlight of the property is the newly constructed 842 sq. ft. ADU / guest house above the 2 car garage, featuring 2 bedrooms and 1.5 bathrooms. The ADU is fully permitted and offers immediate flexibility for rental income, multigenerational living, or guest space. While the interior improvements and new construction ADU provide significant value, the exterior presents an opportunity for the next owner to enhance curb appeal with some cosmetic updates and landscaping. With its prime Leimert Park location, substantial interior upgrades, and brand-new permitted ADU, this property presents a compelling opportunity for buyers seeking additional living space and income potential. Come take a look and see why two is better than one.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 86% |
| Baths | 4.0 | 2.0 | 84% |
| Square foot | 2,461 | 1,906.5 | 72% |
| Lot Size | 5,855 | 6,451.5 | 29% |
| Price | $1.40M | $1.25M | 67% |
| Price per sq ft | $569 | $612 | 38% |
| Built year | 1941 | 1940 | 55% |
| HOA | $0 | $0 | 50% |
| Days on market | 48 | 192 | 5% |
Mar 5, 2026
$1,399,900
Initial Listing
Mar 1, 2001
$216,000
Public Record