433 N Norton Avenue, Los Angeles, California 90004, Los Angeles, 90004 - 4 bed, 2 bath
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433 N Norton Avenue
Los Angeles, California 90004
ACTIVE
CONDITION: POOR
4Beds
2Baths
2,136Sq Ft
4,370Lot Size
Property Price
LIST PRICE$1,199,999
EST. MARKET VALUE
$1,239,963
3% BelowMARKET VALUE
SUMMARY
This 1920s Spanish-style duplex represents a High-Potential Investment Opportunity, listed at a List Price of $1,199,999—positioned well below the $1,239,964 Fair Market Value by 3%. This valuation gap provides $39,965 in Instant Equity. With LAR3 Zoning and a Condition Rating of 5, the property requires significant renovation, offering a blank canvas for value-add strategies. Located near Larchmont Village, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to leverage redevelopment potential in a prime Los Angeles location.
Estimated Market Value
$1,239,963+$39,964 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 433 N Norton Avenue Subject 4 bd · 2 ba · 2,136 sqft · $581 | $1,199,999* List Price | 4 | 2 | 2,136 | $581 | - |
A 122 N Ridgewood Place Sold 5 bd · 4 ba · 2,389 sqft · $607 · 0.4 mi | $1,450,000 | 5 | 4 | 2,389 | $607 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1923 with no mention of recent renovations to kitchens, baths, or systems. The exterior shows window AC units rather than central HVAC, and the use of digitally rendered interior photos suggests the actual condition requires a full rehab. The listing's emphasis on redevelopment potential and 'enhancing' the existing structure aligns with a property needing significant investment.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated near Larchmont Village and Hancock Park, the property offers exceptional walkability and access to premier dining, shopping, and central Los Angeles hubs.
- Development Potential
The LAR3 zoning and 'delivered vacant' status provide a rare, high-value opportunity for immediate redevelopment, multi-unit construction, or significant renovation without tenant relocation hurdles.
- Architectural Character
The 1920s Spanish-style aesthetic provides timeless curb appeal and historic charm that is highly sought after by both owner-users and high-end renters.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Given the 1923 construction date, the property likely requires substantial investment to modernize electrical, plumbing, and HVAC systems to meet current standards.
- Lot Size Limitations
While zoned LAR3, the 4,370 SF lot is relatively compact, which may limit the scale and density of new development projects compared to larger neighboring parcels.
About 433 N Norton Avenue
Charming 1920s Spanish-style side-by-side duplex near Larchmont Village and Hancock Park. Offering approximately 2,136 SF on an approximately 4,370 SF LAR3-zoned lot, the property will be delivered vacant and presents a compelling opportunity for an owner-user, investor, or developer. Preserve and enhance the existing duplex, create an income-producing property, or explore future redevelopment potential. Centrally located near shops, dining, Hollywood, Koreatown, and surrounding neighborhoods. Buyer to verify all zoning, square footage, and development possibilities.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1923
- Lot Size
- 4,370 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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
Van Ness Avenue Elementary School
Grades K-5 • 0.1 mi
6/10
Third Street Elementary School
Grades K-5 • 1.2 mi
8/10
Joseph Le Conte Middle School
Grades 6-8 • 1.0 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,136 | 1,670.836 |
| Lot Size | 4,370 | 6,152.156 |
| Price | $1.20M | $1.34M |
| Price per sq ft | $562 | $807 |
| Built year | 1923 | 1941 |
| HOA | $0 | $238 |
| Days on market | 10 | 56 |
Pricing History
Listed for Sale
Oct 30, 2026
$1,199,999
Initial Listing