5016 Hartwick Street, Los Angeles, California 90041, Los Angeles, 90041 - 2 bed, 1 bath
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5016 Hartwick Street
Los Angeles, California 90041
ACTIVE UNDER CONTRACT
CONDITION: FAIR
2Beds
1Baths
1,494Sq Ft
7,403Lot Size
Property Price
LIST PRICE$1,234,250
EST. MARKET VALUE
$1,317,290
6% BelowMARKET VALUE
SUMMARY
This 1926 Eagle Rock residence represents a Strong Value Opportunity, listed at $939,000—positioned well below the $1,026,374 Fair Market Value by 8%. This valuation gap offers $87,374 in Instant Equity for the buyer. Featuring a Condition Rating of 4, the home offers significant character with exposed beams and a large lot, though it requires modernization. Located near top-rated schools like Delevan Drive Elementary, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project.
Estimated Market Value
$1,317,290+$83,040 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 |
|---|---|---|---|---|---|---|
★ 5016 Hartwick Street Subject | $1,234,250* List Price | 2 | 1 | 1,494 | $882 | - |
A 4814 Wicopee Avenue Sold | $1,445,000 | 3 | 2 | 1,481 | $976 | 0.3 mi |
B 5172 Hartwick Street Sold | $1,180,000 | 2 | 1 | 1,120 | $1,054 | 0.2 mi |
C 1541 Chickasaw Avenue Sold | $1,100,000 | 2 | 1 | 1,222 | $900 | 0.1 mi |
D 1232 Rock View Street Sold | $1,330,000 | 3 | 2 | 1,426 | $933 | 0.3 mi |
E 5238 Mount Helena Avenue Sold | $1,200,000 | 3 | 1 | 1,156 | $1,038 | 0.3 mi |
F 1439 Oak Grove Drive Sold | $1,352,000 | 3 | 2 | 1,443 | $937 | 0.5 mi |
G 5414 Hartwick Street Sold | $1,425,000 | 3 | 3 | 1,659 | $859 | 0.5 mi |
H 1111 Arbor Dell Road Sold | $1,375,000 | 3 | 2 | 1,664 | $826 | 0.5 mi |
I 1913 Nolden Active | $1,150,000 List Price | 2 | 1 | 1,378 | $835 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1926, this property is a probate sale offered 'as-is' with no warranties or contingencies, which typically indicates a dated interior. While the exterior and landscaping appear well-maintained and the addition of solar panels suggests some system updates, the lack of mention regarding recent kitchen or bath remodels suggests these areas are likely over 20 years old and in need of modernization.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7403, living area = 1494.
- Great Schools
Elementary School: Delevan Drive Elementary School (9/10).
- Architectural Character
This 1926 Eagle Rock home boasts significant vintage appeal with pitched ceilings, striking exposed wood beams, and a classic fireplace, offering a unique aesthetic for character-home enthusiasts.
CONSRISKS & DEFICIENCIES
- Restrictive Purchase Contingencies
The sale is subject to probate auction terms with no financing, appraisal, or inspection contingencies, requiring buyers to assume all risk and provide a significant cash deposit.
- Complex Closing Process
The transaction requires court confirmation and is subject to potential overbidding, which can lead to a prolonged escrow period and uncertainty regarding the final acquisition.
About 5016 Hartwick Street
Probate Sale! ALL CASH SALE! Estate of Daniel Wherrett. This property is subject to confirmation and overbidding, the listing price is the minimum overbid, court date and time is October 8th 2026 at 8:30 AM in Dept 246 at 111 N Hill Street, Los Angeles CA 90012. In order to bid in court, no later than 1:00 PM one business day prior to the court date, the BUYER MUST DELIVER TO THE LISTING BROKER, ALL OF THE FOLLOWING: 1) Proof of Funds AND 2) a Cashier's Check for the amount of 10% of the listing price made payable to the ESTATE OF DANIEL WHERRETT. This 2 bed; 2 bath Single Family Home built in 1926 features +/-1,494 Sq Ft of living space, +/-7,401 Sq Ft lot, APN: 5690-004-016. The owner passed away on the Property. Charming 1926 Eagle Rock home featuring a living room with a beautiful fireplace, pitched ceilings, and striking exposed wood beams. The private backyard is surrounded by lush greenery and offers a large cabana-style entertaining area with an outdoor firetable. Ideally located near the shops, restaurants, and cafes along Colorado Boulevard, with convenient access to the 134 Freeway. There are 9 solar panels and the contract with SolarCity is included in the title report. This Property is offered together with improvements thereon as is, where is, with no warranty expressed or implied.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1926
- Lot Size
- 7,403 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Dahlia Heights Elementary School
Grades K-6 • 0.1 mi
6/10
Rockdale Elementary School
Grades K-6 • 0.4 mi
6/10
Eagle Rock Elementary and Magnet Center
Grades K-6 • 0.9 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,494 | 1,664.159 |
| Lot Size | 7,403 | 6,066.556 |
| Price | $1.23M | $1.35M |
| Price per sq ft | $826 | $806 |
| Built year | 1926 | 1939 |
| HOA | $0 | $278 |
| Days on market | 42 | 55 |
Pricing History
Listed for Sale
Aug 17, 2026
$1,234,250
$889,000
+39% Price Increase
Initial Listing
Price Change
Aug 10, 2026
$889,000
$939,000
-5% Price Drop
Initial Listing
Price Change
Jul 29, 2026
$939,000
Initial Listing