4118 5th Avenue, Los Angeles, California 90008, Los Angeles, 90008 - 3 bed, 2 bath
4118 5th Avenue
Los Angeles, California 90008
Property Price
SUMMARY
Analysis of 4118 5th Avenue, Los Angeles, California 90008 reveals a Prime Investment Opportunity with a current list price of $899,000—significantly undercutting the $975,155 Fair Market Value by 7%. This valuation gap indicates a +$76,155 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4118 5th Avenue Subject | $899,000* List Price | 3 | 2 | 2,170 | $449 | - |
A 3895 3rd Avenue Active | $835,000 List Price | 3 | 2 | 1,554 | $537 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1929 Spanish Revival home is in move-in ready condition, successfully balancing historic charm with modern functional upgrades. The kitchen features granite countertops and brand-new stainless steel appliances, and both bathrooms have been updated. Key modern systems are present, including central heating and air conditioning and a Tesla car charger. With fresh interior and exterior paint and original hardwood floors in good condition, the property meets the 'Good' criteria as it is well-maintained with major systems functional and updated, though it is not a full recent gut-renovation required for an 'Excellent' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Historic Charm & Modern Updates
This 1929 Spanish Revival preserves its original architectural integrity with beamed ceilings and arched doorways while offering modern essentials like central HVAC, a Tesla charger, and updated kitchen/baths.
- ADU Conversion Potential
The finished two-car garage provides a significant opportunity for an Accessory Dwelling Unit (ADU) conversion, offering potential for rental income or multi-generational living.
- Versatile Living Space
With over 2,100 square feet of living space and a sunny enclosed porch, the home offers flexible areas suitable for a home office, artist studio, or children's playroom.
CONSRISKS & DEFICIENCIES
- Low School Ratings
The property is served by local public schools with consistently low ratings, which may be a concern for families prioritizing educational performance.
- Compact Lot Size
At just under 4,000 square feet, the lot is relatively small for a home of this size, leaving limited space for extensive outdoor landscaping or a large private yard.
About 4118 5th Avenue
This 1929 Spanish Revival home in Leimert Park is brimming with original details such as a tiled fireplace, arched doorways, beamed ceilings, wrought iron balusters, built-in cabinetry, and original hardwood floors. Located on a quiet street of period homes, the main level of this spacious property offers a large sunlit living room, formal dining, updated kitchen with granite counters, sunny breakfast room, and private bedroom. Upstairs features two more large bedrooms, one of which leads to a sunny enclosed porch that can be used as an office, children's playroom, or artist's studio. Two updated bathrooms and a sizable laundry room complete this lovely home. The grassy rear yard offers potential for an entertaining deck or pool, and the finished two-car garage provides additional storage or the possibility of an ADU conversion (buyer to check with city). Modern amenities include brand new stainless kitchen appliances, central heat and air, and a Tesla car charger. With fresh paint inside and out and termite tenting already completed, this home is move-in ready. Or make additional upgrades to transform this property into an architectural show-stopper.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1929
- Lot Size
- 3,951 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Forty-Second Street Elementary School
Grades K-5 • 0.2 mi
Tom Bradley Global Awareness Magnet School
Grades K-5 • 0.4 mi
Birdielee V. Bright Elementary School
Grades K-5 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 48% |
| Square foot | 2,170 | 1,961 | 65% |
| Lot Size | 3,951 | 6,402 | 2% |
| Price | $899.0K | $1.32M | 13% |
| Price per sq ft | $414 | $634 | 5% |
| Built year | 1929 | 1940 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 182 | 2% |
Pricing History
Listed for Sale
Feb 28, 2026
$899,000
Initial Listing
Sold
Jun 28, 2013
$425,000
Public Record
Sold
Nov 29, 2012
$322,503
Public Record
Sold
Jan 17, 2002
$205,000
Public Record