4166 4th Avenue, Los Angeles, California 90008, Los Angeles, 90008 - 2 bed, 1 bath

4166 4th Avenue, Los Angeles, California 90008 home-pic-0

4166 4th Avenue

Los Angeles, California 90008

ACTIVE
CONDITION: FAIR
2Beds
1Baths
1,466Sq Ft
5,138Lot Size

Property Price

LIST PRICE$849,000
EST. MARKET VALUE
$887,692
4% BelowMARKET VALUE

SUMMARY

Analysis of 4166 4th Avenue, Los Angeles, California 90008 reveals a Prime Investment Opportunity with a current list price of $849,000—significantly undercutting the $887,692 Fair Market Value by 4%. This valuation gap indicates a +$38,692 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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

$887,692 +$38,692 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
4166 4th Avenue
Subject
$849,000*
List Price
211,466$606-
A
3868 3rd Avenue
Sold
$680,000221,468$4630.5 mi
B
3936 Olmsted Avenue
Sold
$950,000321,550$6130.5 mi
C
3894 3rd Avenue
Sold
$735,000311,204$6100.4 mi
D
4324 2nd Avenue
Sold
$700,000321,362$5140.3 mi
E
3861 S Norton Avenue
Sold
$900,000321,732$5200.9 mi
F
4116 2nd Avenue
Sold
$620,00021936$6620.2 mi
G
3895 3rd Avenue
Active
$835,000
List Price
321,554$5370.4 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

This 1927 Spanish bungalow is well-maintained and features significant functional upgrades including central air/heat and fresh 2026 paint. However, the kitchen and bathroom are described as vintage and original, indicating they are functional but outdated by modern standards. While the home is move-in ready and charming, the lack of a full modern renovation to the primary wet rooms and the 90-plus year age of the structure align with the Fair condition category.

PROSSTRENGTHS & OPPORTUNITIES

  • Original Architectural Character

    This 1927 Spanish bungalow preserves its historic charm with coved ceilings, a stunning central arched window, and vintage tilework, offering a unique aesthetic that is highly sought after in the Leimert Park neighborhood.

  • Modern Comforts & Maintenance

    The property features essential modern upgrades rare for its age, including central air and heat, fresh interior and exterior paint, and updated doors, ensuring immediate comfort and reduced initial maintenance costs.

  • ADU & Expansion Potential

    With a bonus storage room off the garage and an expansive laundry/utility area, the property offers significant potential for an Accessory Dwelling Unit (ADU) conversion to increase total value or generate rental income.

CONSRISKS & DEFICIENCIES

  • Limited Bathroom Count

    Despite the generous 1,466 square footage and oversized bedrooms, the home only features a single bathroom, which may be a significant constraint for families or multi-resident households.

  • Low-Rated Local Schools

    The property is served by local public schools with consistently low performance ratings, which could impact the home's appeal to education-focused buyers and affect long-term appreciation.

About 4166 4th Avenue

Brimming with potential and rich with original character, this 1927 Spanish bungalow offers the charm you've been searching for. Located on a picturesque street in desirable Leimert Park, this oversized 2-bedroom, 1-bath home is ready for its next steward. Lovingly held in the same family for decades, much of the home's original detail remains, thoughtfully complemented by upgrades over the years including central air and heat, fresh interior and exterior paint (2026), and select new doors. The curb appeal is undeniable. Inside, a spacious living room welcomes you with coved ceilings, a stunning central arched window flanked by built-in shelving, a cozy fireplace, and French doors that open to a private patio. A step-up formal dining room leads directly to the expansive kitchen, complete with an eat-in nook and an impressively large laundry/utility room offering abundant storage and a work sink. Both bedrooms are generously sized and situated on either side of a large vintage bathroom featuring dual sinks, a separate tub and shower, and classic tile detail. The primary bedroom is filled with natural light, includes a substantial walk-in closet, and features brand-new sliding doors that open to the backyard. Outside, a covered tiled patio provides the perfect setting for outdoor dining or relaxing, alongside a grassy yard area ideal for gardening, pets, or play. A bonus storage room off the garage offers excellent ADU potential (buyer to verify). Gated and private, this property presents an exceptional opportunity in one of Los Angeles' most beloved neighborhoods.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1927
Lot Size
5,138 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
1 (1 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 • 0.1 mi

2/10

Tom Bradley Global Awareness Magnet School

Grades K-5 • 0.5 mi

2/10

Birdielee V. Bright Elementary School

Grades K-5 • 1.2 mi

4/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.03.0
14%
Baths1.03.0
10%
Square foot1,4661,911
16%
Lot Size5,1386,402
16%
Price$849.0K$1.32M
11%
Price per sq ft$579$634
38%
Built year19271940
16%
HOA$0$0
50%
Days on market16182
2%

Pricing History

Listed for Sale

Feb 18, 2026

$849,000

Initial Listing

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