4830 Ledge Avenue, Los Angeles, California 91601, Los Angeles, 91601 - 3 bed, 2 bath
ACTIVE$1,349,000$2,397/sqft
Est. Value: $1,376,575
2%
FairlyEstimate
4830 Ledge Avenue, Los Angeles, California 91601
3Beds
2Baths
2,397Sqft
9,330Lot
Price Vs. Estimate
The estimated value mostly matches the list price at $1,349,000.
Key pros and cons
Top Pros:
Prime Location: Situated in the highly desirable Toluca Woods neighborhood, offering excellent proximity to major entertainment studios (Warner Bros., Universal, Disney), Burbank, Toluca Lake, and convenient freeway access to Hollywood and the city.
Top Cons:
Required Renovation/Investment: The property is presented as a 'fix-up, flip, add-on, or tear down' opportunity, indicating it requires substantial additional investment and work beyond the purchase price to modernize or rebuild.
Compared to the nearby listings
Price:$1.35M vs avg $1.02M (+$324,000)68%
Size:2,397 sqft vs avg 1,541.5 sqft80%
Price/sqft:$563 vs avg $72315%
More Insights
Built in 1941 (85 years old).
Condition: Built in 1941, this property is explicitly marketed as a 'fix-up, flip, add-on, or tear down' opportunity, indicating significant required investment. The kitchen features extremely outdated dark wood cabinets, laminate countertops, and very old appliances (double oven, stovetop, refrigerator) that appear to be from the 1970s or 80s, along with a visible water stain on the popcorn ceiling. Bathrooms are similarly dated with old vanities, fixtures, and shower enclosures. While some hardwood flooring is present, it's dated, and other areas have old linoleum/tile. The wet bar is also severely outdated. The overall condition points to substantial repairs and rehabilitation needed, with major components likely at or past their expected lifespan, aligning with a 'poor' rating.
Year Built
1941
Close
-
List price
$1.35M
Original List price
$1.35M
Price/Sqft
$563
HOA
-
Days on market
-
Sold On
-
MLS number
26637007
Home ConditionPoor
Features
Patio
View-
About this home
Excellent opportunity to fix-up, flip, add-on, or tear down on an over 9,000 sq ft lot in the highly desirable Toluca Woods. Current home is single level with 3 bedrooms and 1.75 bathrooms, formal living area, dining area and very large family room/rec room. Garage is attached, but there is no direct access. This wonderful neighborhood is near Warner Bros., Universal, and Disney, Burbank, Toluca Lake, freeways, and easy to get through the pass to Hollywood and the city. Don't miss this opportunity to create an incredible property in a fantastic location.
W
Whit Prouty
Listing Agent
Condition Rating
Poor
Built in 1941, this property is explicitly marketed as a 'fix-up, flip, add-on, or tear down' opportunity, indicating significant required investment. The kitchen features extremely outdated dark wood cabinets, laminate countertops, and very old appliances (double oven, stovetop, refrigerator) that appear to be from the 1970s or 80s, along with a visible water stain on the popcorn ceiling. Bathrooms are similarly dated with old vanities, fixtures, and shower enclosures. While some hardwood flooring is present, it's dated, and other areas have old linoleum/tile. The wet bar is also severely outdated. The overall condition points to substantial repairs and rehabilitation needed, with major components likely at or past their expected lifespan, aligning with a 'poor' rating.
Pros & Cons
Pros
Prime Location: Situated in the highly desirable Toluca Woods neighborhood, offering excellent proximity to major entertainment studios (Warner Bros., Universal, Disney), Burbank, Toluca Lake, and convenient freeway access to Hollywood and the city.
Significant Lot Size: Boasts an expansive lot size of over 9,000 sq ft (9330 sq ft), providing ample space for potential expansion, extensive landscaping, or new construction in a high-demand Los Angeles area.
Versatile Development Potential: Explicitly marketed as an 'excellent opportunity to fix-up, flip, add-on, or tear down,' appealing to a broad spectrum of buyers including investors, developers, and homeowners looking to customize or rebuild.
Established Neighborhood: Located in the well-regarded Toluca Lake/Toluca Woods area, known for its community appeal, amenities, and historically stable property values, ensuring long-term investment potential.
Functional Layout: The single-level home features a formal living area, dining area, and a very large family room/rec room, offering a practical and adaptable floor plan for various living arrangements or future redesign.
Cons
Required Renovation/Investment: The property is presented as a 'fix-up, flip, add-on, or tear down' opportunity, indicating it requires substantial additional investment and work beyond the purchase price to modernize or rebuild.
Outdated Condition/Age: Built in 1941, the home likely features outdated systems, infrastructure, and finishes that may not meet contemporary standards, necessitating significant upgrades to enhance comfort and value.
Limited Garage Access: While the garage is attached, there is no direct access to the home, which is a functional inconvenience and a design drawback compared to modern residential standards.