
Los Angeles, California 90065
This Single Family Residence represents a Strong Value Opportunity, listed at $888,000—positioned well below the $954,313 Fair Market Value by 6%. This valuation gap offers $66,313 in Instant Equity. Featuring a Good Condition Rating, the property includes a versatile lower-level studio and a rare, additional vacant lot. Located within the Mt. Washington Elementary School boundary, it offers significant long-term appreciation potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, income-generating hillside sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 483 Museum Drive Subject | $888,000* List Price | 3 | 2 | 1,085 | $880 | - |
A 408 Rustic Sold | $890,000 | 2 | 1 | 850 | $1,047 | 0.1 mi |
B 457 Museum Drive Sold | $880,000 | 1 | 1 | 882 | $998 | 0.0 mi |
C 654 Frontenac Avenue Sold | $777,000 | 1 | 2 | 851 | $913 | 0.2 mi |
D 4730 Frieda Drive Sold | $900,000 | 3 | 2 | 1,275 | $706 | 0.6 mi |
E 337 Museum Drive Sold | $1,080,000 | 3 | 2 | 1,437 | $752 | 0.3 mi |
F 1715 Winmar Drive Active | $979,000 List Price | 3 | 1 | 1,044 | $938 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1928, the property is well-maintained and move-in ready. The bathrooms and lower-level studio show evidence of renovations within the 5-15 year range, featuring modern vanities and clean tiling. Original hardwood floors are in good condition, and the presence of ceiling vents suggests an updated HVAC system, placing it firmly in the 'Good' category despite its chronological age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7044, living area = 1085.
The inclusion of a vacant, street-to-street lot provides a rare opportunity in Mount Washington for future development, expansion, or the construction of an additional dwelling for significant value appreciation.
The flexible lower-level studio features its own kitchen, bathroom, and private entrance, making it an ideal turnkey solution for rental income, a guest suite, or a dedicated creative workspace.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7044, other record lot size in square feet = 2568.
With only 1,085 square feet split between two levels, the individual living areas may feel compact, potentially challenging buyers who require larger communal spaces or expansive primary suites.
Built in 1928, this Tudor Revival home may require specialized upkeep or modern upgrades to its century-old systems, which could lead to higher long-term maintenance costs for the owner.
Enveloped in trees and the peaceful hum of nature, you'll experience the magic of Mount Washington in this serene hillside sanctuary. Situated within the highly rated Mt. Washington Elementary School boundary and paired with an included vacant, street-to-street lot, this unique property offers immediate privacy alongside endless long-term possibilities - whether you choose to expand, build for loved ones, or develop for a major return. The upper level features an elegant two-bedroom, one-bathroom main home with original hardwood floors throughout. Coved edges, a tray ceiling, and a Tudor Revival fireplace anchor the elevated living room, while every bedroom looks out into lush, green canopy. Charming outdoor nooks wrap around the home, inviting connection and quiet moments into everyday life. Downstairs, a flexible lower-level studio boasts its own full bath, kitchen, laundry room, and private shaded outdoor area - ideal for hosting guests, working from home, or generating rental income. Just up the hill and around the bend from the vibrant pulse of Highland Park, Cypress Park, Glassell Park, and the Gold Line, you're minutes from local wellness spots, daily amenities, and the independent businesses that make NELA such a cherished hub for creative community.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 0.4 mi
Grades K-6 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,085 | 1,664.159 |
| Lot Size | 7,044 | 6,066.556 |
| Price | $888.0K | $1.35M |
| Price per sq ft | $818 | $806 |
| Built year | 1928 | 1939 |
| HOA | $0 | $278 |
| Days on market | 5 | 55 |
Sep 4, 2026
$888,000
Initial Listing
Jun 22, 2016
$720,000
Public Record
Mar 5, 2001
$185,000
Public Record