
Los Angeles, California 90065
This Mount Washington Redevelopment Asset represents a Prime Investment Opportunity with a List Price of $595,000—positioned well below the $610,741 Fair Market Value by 2%. This valuation gap provides $15,741 in Instant Equity for buyers prepared to manage a tenant-occupied property with a Major Fixer Condition Rating. The hillside lot offers significant upside through expansion or a full rehab, featuring canyon views and proximity to top-rated Mt. Washington Elementary. This high-potential project is an ideal acquisition for Cash Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 416 Museum Drive Subject | $595,000* List Price | 2 | 1 | 576 | $1,060 | - |
A 325 Museum Dr Active | $525,000 List Price | 2 | 1 | 567 | $926 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1924 and explicitly described as a 'major fixer,' this property shows significant deferred maintenance. The kitchen and bathroom are severely outdated (30-50+ years), featuring peeling paint, missing door trim, and aged systems. While currently tenant-occupied, it requires a full rehab to meet modern safety and functional standards.
Situated in the highly desirable Mount Washington hills, the property offers a serene setting while being moments away from Highland Park’s trendy dining and entertainment on Figueroa Street.
The hillside lot features multiple flat areas and the option to purchase the adjacent lot, providing a rare opportunity to create a larger compound or a custom-designed residence.
Perched above the street with mature trees and lush landscaping, the property provides a strong sense of privacy and peaceful canyon views.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3724, other record lot size in square feet = 3965.
The property is sold with a tenant in place and can only be shown with an accepted offer, which may complicate financing and delay renovation timelines.
Identified as a major fixer with only 576 square feet of living space, the property requires significant capital investment to address its condition and small footprint.
Do not disturb occupants. Tenant occupied and shown only with an accepted offer. Property is sold with tenant in place. Perched above the street in the hills of Mount Washington, this charming fixer offers a rare opportunity to reimagine a home in a serene, hillside setting. A series of steps lead you through lush landscaping and mature trees, creating a canopy of shade and a strong sense of privacy. A one car detached garage is located at street level, providing convenient off-street parking. Inside, a spacious living room welcomes you, offering great natural light and potential to create a warm, inviting gathering space. The layout features two generously sized bedrooms positioned on one side of the home, connected by a Jack and Jill bathroom. The kitchen is located toward the rear and opens to a covered patio, providing a natural extension for outdoor living. The hillside lot includes multiple flat areas, ideal for entertaining or creating peaceful outdoor spaces. This is a major fixer and is sold with tenant in place. The adjacent lot is also available for purchase, offering the potential to combine for nearly an 8,000 square foot lot. Ideally located near Figueroa St, just moments from some of Highland Park's best dining and shopping, including The Lodge Room, Checker Hall, Villa's Tacos, Highly Likely, Hippo, and Kitchen Mouse.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 0.5 mi
Grades K-6 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 26% |
| Baths | 1.0 | 2.5 | 17% |
| Square foot | 576 | 1,660.5 | 2% |
| Lot Size | 3,724 | 5,769.5 | 12% |
| Price | $595.0K | $1.24M | 2% |
| Price per sq ft | $1.0K | $766 | 84% |
| Built year | 1924 | 1951 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 173 | 1% |
Apr 17, 2026
$595,000
Initial Listing