4124 Mercury Avenue, Los Angeles, California 90031, Los Angeles, 90031 - 3 bed, 2 bath
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Los Angeles, California 90031
This Development Opportunity and Value-Add Asset presents a High-Potential Investment Opportunity in Montecito Heights, carrying a List Price of $799,000. The valuation is anchored by the expansive 10,957 Square Foot Lot and Dual Parcels, offering significant redevelopment upside relative to the $721,264 Fair Market Value. Currently holding a Condition Rating of 5, the 1906 structure requires a total overhaul to maximize ROI. Located in the Los Angeles Unified district with a Private Deck and DTLA proximity, this is a strategic acquisition for Developers or Fix-and-Flip Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4124 Mercury Avenue Subject | $799,000* List Price | 3 | 2 | 1,296 | $557 | - |
A 885 Montecito Drive Sold | $750,000 | 3 | 2 | 1,134 | $661 | 0.3 mi |
B 2700 Lincoln Park Avenue Active | $765,000 List Price | 3 | 1 | 1,470 | $520 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1906 and explicitly marketed as a 'fixer' and development opportunity, this property requires significant rehabilitation. While the interior appears currently livable with a newer mini-split AC unit, the kitchen and wall-heating systems are dated, and the overall structure likely requires a full overhaul of systems and finishes to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10957, living area = 1296.
Middle School: South Pasadena Middle School (9/10). High School: South Pasadena Senior High School (9/10).
The property features a generous 10,957 square foot lot across dual parcels, offering rare opportunities for redevelopment, expansion, or a custom multi-unit project in a high-demand area.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 5.
Explicitly listed as a fixer, the existing 1,296 square foot structure requires substantial renovation or a total teardown, necessitating a significant additional capital investment.
Built in 1906, the property likely contains outdated electrical, plumbing, and structural systems that may lead to unforeseen costs and complex permitting requirements during development.
Rare investment and development opportunity in the highly desirable 90031 Los Angeles area. The existing 1,296 square foot home is a fixer and offers the chance to renovate, expand, or redevelop to suit your vision. With generous lot size and dual parcels, the possibilities are plentiful—whether exploring redevelopment, or creating a custom project (buyer to verify all development options with the city). This property presents exceptional potential for developers, investors, or flippers looking to maximize value in a rapidly evolving neighborhood. Conveniently located near major freeways, DTLA, and local amenities, this is a prime opportunity to capitalize on strong demand and ongoing growth in the area. Opportunities with this much land and upside potential are increasingly rare—bring your contractor, architect, and imagination.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.6 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,296 | 1,344 | 48% |
| Lot Size | 10,957 | 4,945 | 93% |
| Price | $799.0K | $985.0K | 31% |
| Price per sq ft | $617 | $744 | 31% |
| Built year | 1906 | 1926 | 24% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 116 | 7% |
Apr 24, 2026
$799,000
Initial Listing
Jun 8, 2018
$50,000
Public Record
Aug 3, 2009
$137,000
Public Record
May 1, 2006
$435,000
Public Record