4450 Towne Avenue, Los Angeles, California 90011, Los Angeles, 90011 - 3 bed, 2 bath
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Los Angeles, California 90011
This Craftsman-style residence represents a High-Potential Investment Opportunity with a List Price of $610,000—positioned well below the $710,320 Fair Market Value by 14%. This significant valuation gap offers $100,320 in Instant Equity for savvy buyers. The property maintains a Condition Rating of 4 following recent cosmetic updates like a new roof and flooring, while the expansive 7,362 sqft lot and Zoning R2 provide clear potential for an ADU or second unit. Located minutes from USC and Downtown LA, this is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4450 Towne Avenue Subject | $610,000* List Price | 3 | 2 | 1,390 | $511 | - |
A 160 E 36 Street Sold | $580,000 | 4 | 2 | 1,300 | $446 | 1.0 mi |
B 5131 Woodlawn Avenue Sold | $555,000 | 3 | 2 | 1,168 | $475 | 0.6 mi |
C 911 E 55th Street Sold | $545,000 | 3 | 1 | 1,239 | $440 | 0.8 mi |
D 1008 E 51st Street Sold | $660,000 | 4 | 2 | 1,296 | $509 | 0.7 mi |
E 877 E 47th Street Pending | $599,000 List Price | 3 | 1 | 1,302 | $460 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property has undergone recent cosmetic improvements, including fresh interior and exterior paint, new laminate flooring, and a new roof. However, the kitchen and bathrooms remain outdated with vintage cabinetry, older fixtures, and a layout consistent with its 1912 construction. While move-in ready, it requires further modernization of its core living spaces to meet current quality standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7362, living area = 1390.
The property features a generous 7,362 sqft lot zoned R2, providing a significant opportunity to add an additional dwelling unit (ADU) or a second garage to increase value.
The home is move-in ready with essential recent improvements, including a brand-new roof, fresh interior and exterior paint, and new laminate flooring throughout.
Most assigned public schools in the immediate area have low ratings, which may limit the property's appeal to families prioritizing high-performance education.
As a 1912 Craftsman home, the property may require ongoing maintenance or future capital expenditures for century-old systems not covered by the recent cosmetic updates.
DON'T MISS THE OPPORTUNITY TO OWN A LOVELY CLEAN CRAFTSMAN STYLE HOME IN A RESIDENTIAL NEIGHBORHOOD. IT IS CONVENIENTLY LOCATED NEAR USC, PUBLIC TRANSPORTATION, 110 FREEWAY AND DOWNTOWN LA. THIS HOME HAS 3 BEDROOMS, 1 AND 1/2 BATHS, DINING ROOM, AND LAUNDRY ROOM. IT IS FRESHLY PANTED INSIDE AND OUT WITH NEW LAMINATED FLOORING AND ROOFING INSTALLED. THE PROPERTY HAS GREAT POTENTIAL TO ADD PERSONAL TOUCHES TO ENHANCE THE NATURAL BEAUTY OF THIS CLASSIC HOME. A LARGE LOT ZONED R2, WITH SPACE FOR AN ADDITIONAL UNIT AND GARAGE. VACANT AND EASY TO SHOW. PLEASE INCLUDE PROOF OF FUNDS TO CLOSE AND PRE APPROVAL IF FINANCING WITH YOUR OFFER. THANK YOU.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,390 | 1,162.5 | 78% |
| Lot Size | 7,362 | 4,568.5 | 94% |
| Price | $610.0K | $567.5K | 63% |
| Price per sq ft | $439 | $501 | 28% |
| Built year | 1912 | 1909 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 82 | 207 | 9% |
Jan 30, 2026
$610,000
Initial Listing