
Los Angeles, California 90062
This Value-Add Craftsman Asset is listed at $869,000, reflecting the market demand for properties with expansion potential near the $808,984 Fair Market Value. Currently holding a Fair Condition Rating, the 1915 home features original period details and eco-friendly solar panels. The expansive 5,213 sqft lot includes conceptual plans for a 750 sqft detached ADU, offering a clear path to increase the property's yield and total valuation. Located in the desirable Park Hills Heights area, this acquisition is ideal for Buy-and-Hold Investors or Owner-Occupants looking to build equity through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4414 S Van Ness Avenue Subject | $834,000* List Price | 2 | 1 | 1,294 | $589 | - |
A 4822 Cimarron Street Sold | $685,000 | 3 | 2 | 1,330 | $515 | 0.3 mi |
B 4929 S Gramercy Place Sold | $685,000 | 3 | 2 | 1,402 | $489 | 0.4 mi |
C 4427 S Wilton Place Sold | $966,756 | 3 | 2 | 1,651 | $586 | 0.1 mi |
D 1844 W 39th Street Sold | $600,000 | 2 | 1 | 1,080 | $556 | 0.8 mi |
E 4820 S Van Ness Active | $769,990 List Price | 3 | 2 | 1,045 | $737 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1915 Craftsman home is well-maintained and retains significant historical character, but it is categorized as 'fair' due to its dated interior components and 'value-add' status. The kitchen features older tile countertops and basic white appliances, while the single bathroom retains vintage fixtures like a clawfoot tub. While the property includes modern solar panels and functional living spaces, the flooring, cabinetry, and light fixtures show their age and lack recent comprehensive renovations, making it a prime candidate for modernization.
The generous 5,213 sq ft lot includes conceptual plans for a 750 sq ft detached ADU, offering significant value-add potential for investors or homeowners seeking rental income.
This 1915 Craftsman home retains its historic charm with beautiful period details, warm wood accents, and an inviting floor plan that maximizes natural light.
The property is equipped with solar panels, providing a modern, eco-friendly upgrade that helps reduce utility costs and enhances the home's long-term value.
With only one bathroom serving two bedrooms, the current configuration may be a drawback for families or buyers accustomed to more modern convenience.
Marketed as a 'value-add' opportunity, the property likely requires additional capital investment for upgrades or repairs to reach its full market potential.
Charming Craftsman opportunity on a generous 5,213 sq ft lot in a desirable Los Angeles location. This character-rich home offers approximately 1,294 sq ft of living space featuring beautiful period details, warm wood accents, solar panels, and an inviting floor plan filled with natural light. The spacious backyard provides excellent potential for expansion or the addition of a detached ADU (buyer to verify), presenting an outstanding opportunity for owner-users and investors alike. Conceptual plans for an approximately 750 sq ft one-bedroom ADU have been prepared to help visualize the property's potential. Ideally situated near local dining, shopping, parks, and major transportation corridors, the property offers convenient access to everyday amenities while maintaining the charm of an established residential setting. A rare opportunity to secure a value-add Craftsman with strong upside in one of Los Angeles' most sought-after markets.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 21% |
| Baths | 1.0 | 2.0 | 44% |
| Square foot | 1,294 | 1,395.5 | 38% |
| Lot Size | 5,215 | 5,409 | 41% |
| Price | $834.0K | $727.5K | 62% |
| Price per sq ft | $645 | $565 | 74% |
| Built year | 1915 | 1913 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 54 | 186 | 6% |
Apr 2, 2026
$834,000
$869,000
-4% Price Drop
Initial Listing
Feb 27, 2026
$869,000
Initial Listing
Oct 26, 2005
$420,000
Public Record