
Los Angeles, California 90062
This Classic Craftsman represents a Strong Value Opportunity, listed at $899,000—positioned well below the $970,035 Fair Market Value by 7%. This valuation gap provides $71,035 in Instant Equity. Featuring a Condition Rating of 3, the home offers a modernized kitchen and functional layout on an expansive LAR2-zoned lot. With its proximity to USC and Downtown Los Angeles, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation and ADU development potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4020 Brighton Avenue Subject | $899,000* List Price | 4 | 2 | 2,294 | $404 | - |
A 4156 Halldale Sold | $740,000 | 4 | 2 | 1,516 | $488 | 0.2 mi |
B 1900 W 41st St Sold | $1,145,000 | 3 | 2 | 2,425 | $472 | 0.8 mi |
C 4431 S Wilton Place Sold | $815,000 | 4 | 3 | 1,643 | $496 | 1.0 mi |
D 5035 Denker Ave Sold | $1,000,000 | 6 | 3 | 1,990 | $503 | 0.9 mi |
E 3987 Halldale Avenue Active | $898,999 List Price | 5 | 8 | 2,496 | $360 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1912, the property features a well-maintained interior with a kitchen and bathrooms renovated approximately 10-15 years ago. The kitchen includes marble countertops and newer stainless steel appliances, and the home appears move-in ready with functional systems and updated flooring throughout.
The expansive 6,962 sq. ft. lot is zoned LAR2, providing significant opportunity for an ADU or additional units, making it an ideal asset for investors or multigenerational living.
This 1912 Craftsman retains classic architectural details like beamed ceilings and built-ins while featuring a modernized kitchen with marble countertops and updated bathrooms.
Situated near USC, Exposition Park, and Downtown Los Angeles, the property offers high rental demand and convenient access to major employment hubs and transit.
Built in 1912, the property may require ongoing maintenance or significant upgrades to aging systems such as plumbing, electrical, or foundation typical of historic homes.
There is a discrepancy between public records (4 bedrooms) and the current 5-bedroom configuration, which could complicate appraisal values or financing for certain lenders.
Classic Craftsman charm meets incredible opportunity! This spacious 2,294 sq. ft. home sits on an expansive 6,962 sq. ft. LAR2-zoned lot, offering endless possibilities for multigenerational living, rental income, or future ADU/additional unit potential. Behind the inviting covered front porch, you'll find a flexible floor plan featuring a formal entry hall, office/den, oversized living room, formal dining room with classic beamed ceilings and built-ins, a bright, refreshed kitchen with marble countertops and newer appliances, an updated full bath, and a large laundry room with abundant storage. Upstairs offers three bedrooms, another updated bath, and a versatile sunroom/flex space off the primary bedroom. Public records reflect 4 bedrooms, while the home is currently configured with 5 bedrooms plus an office/den. Additional highlights include upgraded electrical and eligibility for the USC Housing Assistance Program, making this an exceptional opportunity for qualified USC employees. The gated property also includes a detached garage, long driveway, attached carport, generous backyard, and plenty of storage throughout. Conveniently located near USC, Exposition Park, Downtown Los Angeles, and major freeways, this classic Craftsman offers the perfect blend of character, space, and future potential for homeowners and investors alike.
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 | 2,294 | 1,664.159 |
| Lot Size | 6,962 | 6,066.556 |
| Price | $899.0K | $1.35M |
| Price per sq ft | $392 | $806 |
| Built year | 1912 | 1939 |
| HOA | $0 | $278 |
| Days on market | 48 | 55 |
Jul 23, 2026
$899,000
Initial Listing
Sep 15, 2015
$470,000
Public Record
Aug 9, 2012
$335,000
Public Record
Jan 12, 2012
$206,000
Public Record