
Los Angeles, California 90008
This Turnkey Single-Family Residence represents a High-Potential Investment Opportunity, listed at $1,299,999—positioned above the $1,236,873 Fair Market Value. While priced slightly above market, the property features a Comprehensive Turnkey Remodel and a Permitted Detached ADU, offering significant rental income potential. With a Condition Rating of 2, the home includes high-end finishes like quartz countertops and a spa-like primary suite. This versatile asset is an ideal acquisition for Buy-and-Hold Investors seeking immediate cash flow or Owner-Occupants looking for a sophisticated, move-in ready home with guest or rental space.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4068 Sutro Avenue Subject | $1,280,000* List Price | 4 | 4 | 1,551 | $816 | - |
A 4224 6th Avenue Sold | $1,140,000 | 3 | 2 | 1,261 | $904 | 0.2 mi |
B 4247 7th Avenue Sold | $1,325,000 | 3 | 3 | 1,413 | $938 | 0.3 mi |
C 4170 4th Avenue Sold | $1,130,000 | 3 | 3 | 1,450 | $779 | 0.1 mi |
D 3905 Roxton Avenue Sold | $1,330,000 | 3 | 2 | 1,762 | $755 | 0.3 mi |
E 3936 Olmsted Avenue Sold | $1,340,000 | 3 | 2 | 1,550 | $865 | 0.4 mi |
F 3952 Sutro Avenue Sold | $1,605,000 | 3 | 3 | 1,905 | $843 | 0.2 mi |
G 4312 9th Avenue Sold | $1,045,000 | 3 | 2 | 1,721 | $607 | 0.4 mi |
H 4260 S Norton Avenue Sold | $1,142,000 | 4 | 2 | 1,810 | $631 | 0.6 mi |
I 3827 Olmsted Avenue Active | $1,196,000 List Price | 3 | 3 | 1,463 | $817 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property is a comprehensive turnkey remodel featuring a new roof, plumbing, electrical systems, and tankless water heater. The interior boasts a designer kitchen with quartz waterfall-edge islands and spa-like bathrooms with modern finishes, all completed within the last few years.
The property includes a fully permitted detached studio ADU with its own address (4070 Sutro Ave), providing immediate potential for rental income, a private home office, or multi-generational living.
This 1938 home has been extensively updated with modern infrastructure, including a new roof, plumbing, electrical systems, and a tankless water heater, offering a worry-free move-in experience.
The interior boasts high-end aesthetic upgrades such as farmhouse-style wood flooring, quartz countertops with a waterfall-edge island, and a spa-like primary suite with a soaking tub.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1551, other record living area = 1891. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The assigned local public schools carry low performance ratings (mostly 2/10), which may be a drawback for families prioritizing high-ranking educational facilities.
With a lot size under 5,000 square feet and a detached ADU occupying a portion of the footprint, the remaining backyard space is relatively compact for those seeking a large private yard.
Beautifully renovated and move-in ready, this exceptional Leimert Park property offers a rare two-unit configuration: a fully updated 3-bedroom, 3-bathroom main residence plus a fully permitted, separately addressed detached studio ADU (4070 Sutro Ave). No HOA, and flexible use for owner-occupants, multigenerational households, or investors.The light-filled main residence features wide-plank wood flooring, recessed lighting, a fireplace, and an open-concept designer kitchen with quartz countertops, a dramatic waterfall island, stainless steel appliances, and abundant cabinetry. The private primary suite offers a spa-inspired bathroom with a soaking tub, and French doors lead to a beautifully landscaped backyard built for California indoor-outdoor living.The detached studio ADU includes its own full kitchen, bathroom, skylight, and stackable washer/dryer ideal for rental income, a guest suite, home office, or multigenerational living. Live in one unit and rent the other, house-hack the mortgage, or lease both for income; the configuration also makes this a strong candidate replacement property for a 1031 exchange.Major system upgrades include a new roof, updated plumbing and electrical, dual-pane windows, and a tankless water heater peace of mind for years to come. Ideally situated in an established, transit-accessible Leimert Park corridor with convenient access to neighborhood cafs, restaurants, shopping, Metro rail, USC, Culver City, Downtown Los Angeles, and major employment centers. Property will be delivered vacant at close of escrow a rare turnkey opportunity for homeowners and investors alike.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.4 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 1,551 | 1,664.159 |
| Lot Size | 4,939 | 6,066.556 |
| Price | $1.28M | $1.35M |
| Price per sq ft | $825 | $806 |
| Built year | 1938 | 1939 |
| HOA | $0 | $278 |
| Days on market | 116 | 55 |
Aug 3, 2026
$1,280,000
$1,299,999
-2% Price Drop
Initial Listing
May 16, 2026
$1,299,999
Initial Listing
Jun 2, 2022
$850,000
Public Record