
Los Angeles, California 90032
This property presents a High-Potential Investment Opportunity with a List Price of $799,999—positioned above the $784,940 Fair Market Value. While the property requires significant capital expenditure due to its Condition Rating of 5 and disclosed structural concerns, the Panoramic City Light Views and 6,408 sq. ft. hillside lot provide a rare canvas for value-add repositioning. The current layout requires reconfiguration to optimize the 3-bedroom, 1-bath floor plan. This asset is an ideal acquisition for Fix-and-Flip Investors or Contractors capable of executing a comprehensive structural renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4411 Richard Subject | $799,999* List Price | 3 | 1 | 1,182 | $664 | - |
A 5377 Oakland Sold | $754,000 | 2 | 1 | 1,253 | $602 | 0.5 mi |
B 3846 Tampico Avenue Sold | $760,000 | 3 | 1 | 1,198 | $634 | 0.7 mi |
C 5436 5436 Norwich Sold | $850,000 | 3 | 2 | 1,370 | $620 | 0.9 mi |
D 4134 Guardia Active Under Contract | $679,000 List Price | 2 | 1 | 1,126 | $603 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1948 (78 years old) with explicitly disclosed foundation and structural concerns. The listing is marketed as a contractor/investor opportunity requiring significant rehab, fitting the criteria for safety/structural defects.
Perched in a desirable Northeast Los Angeles hillside setting, the property offers stunning panoramic and city light views, providing a premium atmosphere that significantly enhances market appeal.
Marketed as a 'hilltop opportunity with upside,' this property serves as an ideal canvas for investors or contractors to unlock substantial equity through renovation in a high-demand area.
The 6,408 square foot lot features mature landscaping and an elevated, private setting, offering a rare combination of seclusion and outdoor potential within the urban El Sereno market.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The disclosure of foundation and structural issues indicates the need for significant capital expenditure and specialized repairs, which may limit financing options for traditional buyers.
With three bedrooms but only one bathroom, the current floor plan lacks the functional balance expected by modern families, likely requiring a layout reconfiguration during the renovation process.
HILLTOP OPPORTUNITY WITH UPSIDE! Perched in a desirable Northeast Los Angeles hillside setting, 4411 Richard Circle presents a unique opportunity for an investor, contractor, or savvy buyer looking to unlock value in a location where properties with views, privacy, and elevation command attention. This charming residence offers approximately 1,182 square feet of living space on a 6,408 square foot lot, with a private, elevated setting and an inviting outdoor area that showcases the property's potential. The home features an established floor plan, mature landscaping, and the character of an older Los Angeles residence—providing an excellent canvas for renovation and repositioning. Foundation/structural concerns are present and should be considered as part of the investment strategy. The real opportunity is the location and underlying potential. Nestled among hillside residences, the property is conveniently positioned near El Sereno, Monterey Hills, South Pasadena and Huntington Drive, with access to shopping, dining, parks and major transportation routes. Nearby homes demonstrate the potential for significant value once properties are thoughtfully improved. Bring your vision, your contractor, and your imagination. Properties with this combination of location, lot, elevation and upside are increasingly difficult to find.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,182 | 1,664.159 |
| Lot Size | 6,408 | 6,066.556 |
| Price | $800.0K | $1.35M |
| Price per sq ft | $677 | $806 |
| Built year | 1948 | 1939 |
| HOA | $0 | $278 |
| Days on market | 22 | 55 |
Aug 18, 2026
$799,999
Initial Listing
Sep 5, 2000
$133,000
Public Record