4006 Somers Avenue, Los Angeles, California 90065, Los Angeles, 90065 - 2 bed, 1 bath
ACTIVE$750,000
4006 Somers Avenue, Los Angeles, California 90065
2Beds
1Bath
768Sqft
5,202Lot
Price Vs. Estimate
The estimated value ($628,106.845) is $121,893.155 (16%) lower than the list price ($750,000). This property may be overpriced.
Key pros and cons
Top Pros:
Development Opportunity: Explicitly marketed as a 'fantastic development opportunity' ideal for developers, investors, or end-users seeking a value-add build or fix-and-flip, indicating high potential for future value.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-04-11. The sold price is $760,000.00.
Compared to the nearby listings
Price:$750.0K vs avg $1.24M ($-491,405)7%
Size:768 sqft vs avg 1,519 sqft7%
Price/sqft:$977 vs avg $81673%
More Insights
Built in 1926 (99 years old).
Condition: Built in 1926, this property is explicitly marketed as a 'fantastic development opportunity' and 'fix-and-flip' project, with the current 768 sq. ft. home described as 'unsuitable for immediate occupancy' and likely requiring 'extensive renovation or demolition.' The listing emphasizes the value of the land and available plans for a new, larger home, indicating the existing structure is considered a tear-down for redevelopment rather than a renovation project.
Year Built
1926
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
$977
HOA
-
Days on market
-
Sold On
-
MLS number
25616873
Home ConditionTear down
Features
Good View: City Lights, Mountain(s)
ViewCity Lights,Mountain(s)
About this home
Fantastic development opportunity in a prime Glassell Park and Eagle Rock location. This property is ideal for developers, investors, or end users seeking a value-add build or fix-and-flip opportunity. Excellent location just minutes from Eagle Rock, Highland Park, Atwater Village, and Silver Lake. Close to popular dining, shopping, and entertainment options. Bring your creativity and vision. This is your chance to create something truly special in one of Los Angeles's most desirable neighborhoods. Architect-designed plans are available for a stunning 2,300+ sq. ft. modern three-story view home with a two-car garage and a one-bedroom, one-bath ADU. Survey has been completed and will be provided to the buyer.
Price History
Date
Event
Price
04/11/25
Sold
$760,000
Condition Rating
Tear down
Built in 1926, this property is explicitly marketed as a 'fantastic development opportunity' and 'fix-and-flip' project, with the current 768 sq. ft. home described as 'unsuitable for immediate occupancy' and likely requiring 'extensive renovation or demolition.' The listing emphasizes the value of the land and available plans for a new, larger home, indicating the existing structure is considered a tear-down for redevelopment rather than a renovation project.
Pros & Cons
Pros
Development Opportunity: Explicitly marketed as a 'fantastic development opportunity' ideal for developers, investors, or end-users seeking a value-add build or fix-and-flip, indicating high potential for future value.
Prime Location: Located in a desirable Glassell Park/Eagle Rock area, minutes from popular neighborhoods like Highland Park, Atwater Village, and Silver Lake, offering access to dining, shopping, and entertainment.
Pre-Approved Plans & ADU Potential: Architect-designed plans are available for a 2,300+ sq. ft. modern view home with a two-car garage and a one-bedroom, one-bath ADU, significantly de-risking the development process.
Existing Views: The property boasts desirable 'City Lights' and 'Mountain(s)' views, a premium feature in Los Angeles that enhances potential future value and appeal.
Completed Survey: A survey has already been completed and will be provided to the buyer, saving time and expense during the due diligence phase for development.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-04-11. The sold price is $760,000.00.
Condition & Size of Existing Structure: The current 768 sq. ft., 2-bed, 1-bath home built in 1926 is very small and likely requires extensive renovation or demolition, making it unsuitable for immediate occupancy for most buyers.
Significant Investment Required: As a development or fix-and-flip opportunity, the property demands substantial additional capital investment beyond the purchase price for construction or extensive renovation.
Not Turnkey: The property is not move-in ready and requires a buyer with a specific vision, creativity, and willingness to undertake a significant project, limiting the pool of potential buyers.