
Los Angeles, California 90066
This property presents a High-Potential Investment Opportunity with a List Price of $1,875,000—positioned slightly above the $1,862,843 Fair Market Value. While the home maintains a Fair Condition Rating, the expansive 7,484 SF lot and 500 SF recreation room provide significant upside for ADU conversion or expansion. Located in the desirable Del Rey pocket near top-rated schools like Farragut Elementary, this asset offers a unique value-add proposition. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to unlock long-term equity through strategic renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4057 Tivoli Avenue Subject 3 bd · 2 ba · 1,567 sqft · $1,189 | $1,875,000* List Price | 3 | 2 | 1,567 | $1,189 | - |
A 4373 Mcconnell Boulevard Sold 4 bd · 2 ba · 1,886 sqft · $994 · 0.6 mi | $1,875,000 | 4 | 2 | 1,886 | $994 | 0.6 mi |
B 12841 Bonaparte Avenue Sold 3 bd · 1 ba · 1,140 sqft · $1,364 · 0.8 mi | $1,555,000 | 3 | 1 | 1,140 | $1,364 | 0.8 mi |
C 3815 Lyceum Avenue Sold 3 bd · 3 ba · 1,929 sqft · $980 · 0.5 mi | $1,890,000 | 3 | 3 | 1,929 | $980 | 0.5 mi |
D 12606 Gilmore Avenue Sold 3 bd · 2 ba · 1,350 sqft · $1,192 · 0.8 mi | $1,609,000 | 3 | 2 | 1,350 | $1,192 | 0.8 mi |
E 12132 Herbert Sold 3 bd · 2 ba · 1,456 sqft · $929 · 0.9 mi | $1,353,000 | 3 | 2 | 1,456 | $929 | 0.9 mi |
F 12606 Bonaparte Avenue Sold 3 bd · 2 ba · 1,129 sqft · $1,329 · 0.9 mi | $1,500,000 | 3 | 2 | 1,129 | $1,329 | 0.9 mi |
G 4055 Alla Road Sold 5 bd · 3 ba · 2,037 sqft · $866 · 0.1 mi | $1,765,000 | 5 | 3 | 2,037 | $866 | 0.1 mi |
H 3945 Lyceum Avenue Active 3 bd · 2 ba · 1,651 sqft · $1,211 · 0.2 mi | $1,999,999 List Price | 3 | 2 | 1,651 | $1,211 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1954, the home features a partially updated kitchen with quartz countertops and newer cabinetry. However, the property remains largely dated with laminate flooring, unfinished wall patches, and a very basic half-bath in the recreation room that lacks modern finishes, indicating a need for general cosmetic updates and minor repairs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7484, living area = 1567.
Elementary School: Farragut Elementary School (9/10).
The property features a 500 SF detached recreation room with 14-foot ceilings and a 420 SF attached storage room, offering exceptional opportunities for ADU conversion or a primary suite expansion.
With only one bathroom serving the three bedrooms in the main residence, the current configuration lacks the convenience expected by modern buyers at this price point.
Priced at $1.875M, the property requires substantial additional capital investment to modernize the 1954 structure and fully unlock its market value.
Set on a large 7,484 SF lot, this 1954 Ranch-style home offers 3 BD, 1 BA, and exciting possibilities for owner-users or investors ready to unlock its potential. The main home features a flagstone front yard, spacious eat-in kitchen with quartz countertops, tile backsplash, upgraded tile flooring and newer cabinetry, side-by-side washer and dryer, three good-sized bedrooms, and a hallway bathroom with shower over tub. An attached 420 SF storage room with 10-foot ceilings offers flexibility for a den, second living area, or potential primary suite. The rear yard with fruit trees and a charming seating area.The detached two-car garage is complemented by a 500 SF recreation room addition with impressive 14-foot ceilings and a half bath, offering possibilities for a creative workspace, studio, or potential ADU conversion. Ideally located in Del Rey pocket of Mar Vista, bordering Marina del Rey & Culver City, with convenient access to Rainbow Acres, Hatchet Hall, Rockenwagner Bakery & Cafe, Costco, Equinox, Del Rey and Culver West Park, and the beach.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,567 | 1,670.836 |
| Lot Size | 7,484 | 6,152.156 |
| Price | $1.88M | $1.34M |
| Price per sq ft | $1.2K | $807 |
| Built year | 1954 | 1941 |
| HOA | $0 | $238 |
| Days on market | 31 | 56 |
Oct 9, 2026
$1,875,000
Initial Listing
Sep 18, 2009
$665,000
Public Record