5006 Los Feliz Boulevard, Los Angeles, California 90027, Los Angeles, 90027 - 4 bed, 3 bath
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Los Angeles, California 90027
This High-Potential Value-Add Asset represents a High-Potential Investment Opportunity in prime Los Feliz. Listed at $2,400,000, the property is positioned below the $2,441,757 Fair Market Value by 1%, providing $41,757 in Instant Equity. With a Condition Rating of 5, this residence requires a full renovation but offers massive upside via a permitted two-story guest house, pool, and Hollywood Hills views. Located in the elite 9/10 Ivanhoe Elementary zone, it is a premier acquisition for Fix-and-Flip Investors or Value-Add Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5006 Los Feliz Boulevard Subject | $2,400,000* List Price | 4 | 3 | 3,200 | $763 | - |
A 2329 N Edgemont Sold | $2,141,000 | 5 | 3 | 2,949 | $726 | 0.2 mi |
B 1976 N Catalina Street Sold | $2,100,000 | 4 | 4 | 2,710 | $775 | 0.3 mi |
C 2341 N Hobart Boulevard Sold | $2,828,000 | 5 | 5 | 3,161 | $895 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1948 property is explicitly marketed as a 'fixer-flip' investment opportunity, indicating it is not in move-in condition. The listing description emphasizes 'endless potential' and a 'kitchen footprint ready to be reimagined,' while the total absence of interior photos typically signals that the kitchen and bathrooms require complete gut renovations. Exterior images show a pool with discolored water and aged hardscaping, further supporting a need for substantial rehabilitation.
Elementary School: Ivanhoe Elementary School (9/10).
The property includes a fully permitted, two-story guest house with 1 bedroom and 1 bathroom, offering significant value for rental income, a home office, or multigenerational living.
Situated on the iconic Los Feliz Boulevard, the home is surrounded by multimillion-dollar estates and offers immediate access to Griffith Park trails and high-end dining.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3200, other record living area = 2344. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property is positioned as an investment opportunity needing a full reimagining, which implies substantial additional capital and time will be required for modernizing.
At a $2.4 million list price, the initial acquisition cost is high for a property requiring significant work, which may tighten profit margins for some investors.
Discover an exceptional INVESTMENT OPPORTUNITY in the heart of Los Feliz, one of Los Angeles' most coveted and character-rich neighborhoods. Surrounded by multimillion-dollar estates and lush greenery, this loved family home is ready for its next chapter. Set on a prime, centrally located lot, this dual-income property features a main residence with 3 bedrooms and 2 bathrooms, generous living spaces, large bedrooms, and an expansive kitchen footprint ready to be reimagined. The home offers great bones and endless potential for a stunning renovation or profitable fix-and-flip. Adding tremendous value is a fully permitted, two-story, 1 bed, 1 bath guest house, creating an ideal opportunity for rental income, multigenerational living, or a high-yield investment strategy. The property also boasts a pool and spa, offering the perfect foundation for creating a private retreat. Enjoy easy access to scenic hiking trails leading into Griffith Park, while remaining minutes from the best dining, shopping, and culture Los Feliz has to offer. This is a rare chance to transform a cherished home into a modern showpiece in a premier location. With unbeatable surroundings, and so much upside, this property is a true investor's dream.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-6 • 0.8 mi
Grades K-6 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,200 | 2,587 | 81% |
| Lot Size | 9,004 | 7,104 | 67% |
| Price | $2.40M | $2.27M | 54% |
| Price per sq ft | $750 | $985 | 16% |
| Built year | 1948 | 1938 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 64 | 181 | 16% |
Feb 17, 2026
$2,400,000
Initial Listing