4950 Aldama, Los Angeles, California 90042, Los Angeles, 90042 - 3 bed, 2 bath
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4950 Aldama
Los Angeles, California 90042
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
2,034Sq Ft
7,195Lot Size
Property Price
LIST PRICE$1,395,000
EST. MARKET VALUE
$1,454,730
4% BelowMARKET VALUE
SUMMARY
This Hybrid Single Family Residence is a Strong Value Opportunity, listed at $1,395,000—positioned well below the $1,454,730 Fair Market Value by 4%. This valuation gap offers $59,730 in Instant Equity. Featuring a 2023 Renovation with Calacatta marble and an Excellent Condition Rating, the home blends historic charm with modern luxury. With Approved ADU Plans and a flexible lower level, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking value-add potential in Highland Park.
Estimated Market Value
$1,454,730+$59,730 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4950 Aldama Subject 3 bd · 2 ba · 2,034 sqft · $715 | $1,395,000* List Price | 3 | 2 | 2,034 | $715 | - |
A 5415 Ash Street Sold 3 bd · 3 ba · 1,669 sqft · $729 · 0.5 mi | $1,217,000 | 3 | 3 | 1,669 | $729 | 0.5 mi |
B 1036 N Avenue 50 Sold 3 bd · 3 ba · 1,481 sqft · $743 · 0.5 mi | $1,100,000 | 3 | 3 | 1,481 | $743 | 0.5 mi |
C 5118 Hub Street Sold 3 bd · 4 ba · 1,740 sqft · $803 · 0.5 mi | $1,398,000 | 3 | 4 | 1,740 | $803 | 0.5 mi |
D 5403 Stratford Road Sold 4 bd · 3 ba · 1,866 sqft · $836 · 0.9 mi | $1,560,000 | 4 | 3 | 1,866 | $836 | 0.9 mi |
E 4820 Buchanan Street Sold 3 bd · 3 ba · 1,704 sqft · $792 · 0.6 mi | $1,350,000 | 3 | 3 | 1,704 | $792 | 0.6 mi |
F 4860 Buchanan Sold 3 bd · 3 ba · 1,350 sqft · $867 · 0.6 mi | $1,170,000 | 3 | 3 | 1,350 | $867 | 0.6 mi |
G 829 El Paso Drive Pending 4 bd · 3 ba · 1,702 sqft · $580 · 0.2 mi | $988,000 List Price | 4 | 3 | 1,702 | $580 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property underwent an extensive renovation in 2023, which is less than 5 years ago. It features a brand-new kitchen with Calacatta marble, fully updated modern bathrooms, new engineered hardwood flooring, and vaulted ceilings with recessed lighting, meeting all criteria for mint condition.
PROSSTRENGTHS & OPPORTUNITIES
- Modern 2023 Renovation
Extensively updated in 2023, the home features high-end finishes like Calacatta marble countertops, vaulted ceilings, and engineered hardwood, blending historic 1909 charm with contemporary luxury.
- ADU Development Potential
The property includes a detached garage with already approved plans and permits for an ADU, providing a significant value-add opportunity for rental income or multi-generational living.
- Prime Highland Park Location
Ideally situated between Highland Park and Mount Washington, the home offers excellent walkability to trendy shops and dining on York Boulevard and convenient access to the Metro A Line.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
- Incomplete Lower Level
The 816-square-foot lower level requires cosmetic completion, representing an additional project and expense for the buyer to fully integrate the space into the home's living area.
- Lack of Scenic Views
Despite its proximity to the Mount Washington area, the property is listed as having no views, which may be a drawback for buyers expecting hillside vistas in this price bracket.
About 4950 Aldama
Beautifully updated 3-bedroom, 2-bath home in Highland Park, extensively renovated in 2023 and offering approved ADU plans and permits for additional development potential. The bright, open layout features vaulted ceilings, recessed lighting, updated engineered hardwood flooring and a large skylight filling the main living space with natural light. The newly renovated kitchen offers Calacatta marble countertops, modern cabinetry, stainless-steel appliances and open shelving. The updated bathroom features new tile, a freestanding soaking tub, separate shower and dual-sink vanity. The lower level offers approximately 816 sq. ft. of additional space per owner measurements, currently used as a music studio, with exposed wood beams, flexible bonus rooms and an additional functional bathroom awaiting cosmetic completion. Outside, the spacious backyard features mature trees, citrus trees and a detached garage with laundry facilities and approved ADU plans and permits. Move-in ready with additional value-add potential, the property is ideally located between Highland Park and Mount Washington, near the shops, cafés and restaurants along York Boulevard and North Figueroa, with nearby parks and convenient Metro A Line access.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1909
- Lot Size
- 7,195 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,034 | 1,670.836 |
| Lot Size | 7,195 | 6,152.156 |
| Price | $1.40M | $1.34M |
| Price per sq ft | $686 | $807 |
| Built year | 1909 | 1941 |
| HOA | $0 | $238 |
| Days on market | 10 | 56 |
Pricing History
Listed for Sale
Oct 30, 2026
$1,395,000
Initial Listing
Sold
May 20, 2022
$1,060,000
Public Record
Sold
Dec 8, 2003
$310,000
Public Record