503 Oleander, Los Angeles, California 90042, Los Angeles, 90042 - 4 bed, 2 bath
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Los Angeles, California 90042
This Renovated Highland Park Residence is listed at $950,000, positioned well below the $954,662 Fair Market Value by 1%. Boasting an Excellent Condition Rating, the home features a modern open-concept kitchen and panoramic city light views. This acquisition offers $4,662 in Instant Equity with additional upside through Accessory Dwelling Unit (ADU) potential on the versatile lot. Located in the Los Angeles Unified School District, the property balances immediate move-in comfort with long-term investment flexibility. It is an ideal opportunity for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 503 Oleander Subject | $950,000* List Price | 4 | 2 | 1,197 | $798 | - |
A 505 N Avenue 65 Active | $1,100,000 List Price | 4 | 3 | 1,516 | $726 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1921, the property has undergone an extensive recent renovation. The interior features a modern open-concept kitchen with stainless steel appliances, farmhouse sink, and quartz countertops. Both bathrooms are fully updated with contemporary scallop-patterned tile, rain shower heads, and modern vanities. The home also boasts new wide-plank flooring, recessed lighting, and updated windows throughout, meeting the highest quality standards for move-in readiness.
The property features a private backyard with significant upside potential, offering the space and flexibility to add an Accessory Dwelling Unit (ADU) or expand the existing footprint for increased rental income.
Situated in the trendy Highland Park area, the home boasts panoramic city light views and excellent proximity to major freeways, shopping, and dining, ensuring long-term desirability.
With a 4-bedroom layout and a focus on 'upside potential,' this property serves as an ideal canvas for investors or homeowners looking to build equity through customization and modernization.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The 1,197 square foot interior is quite small for a 4-bedroom configuration, resulting in potentially tight room dimensions and limited common living space.
Built in 1921 and marketed as a project, the home likely requires substantial capital expenditure to update aged systems, structural elements, and cosmetic finishes to meet modern standards.
Discover the perfect blend of character, flexibility, and upside potential in this unique Los Angeles property. Situated on a desirable lot, 503 Oleander in Highland Park, offers a versatile layout ideal for homeowners, investors, or those looking to create additional income streams. The property features a living space filled with natural light, creating a warm and inviting atmosphere from the moment you walk in. The functional floor plan allows for comfortable everyday living while offering the opportunity to customize and elevate the space to your vision. Step outside to a private back yard with endless possibilities — whether you’re looking to expand, add an ADU, design a custom outdoor retreat, or maximize rental potential. This property is a true value-add opportunity in a market where flexibility and future growth are key. Conveniently located near major freeways, shopping, dining, and local amenities, this home provides both accessibility and long-term value. Whether you're an owner-occupant looking to plant roots or an investor seeking your next project, 503 Oleander delivers the opportunity to create something special.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 75% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,197 | 1,411 | 35% |
| Lot Size | 3,193 | 5,399.5 | 18% |
| Price | $950.0K | $1.21M | 26% |
| Price per sq ft | $794 | $888 | 37% |
| Built year | 1921 | 1924 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 175 | 1% |
Apr 3, 2026
$950,000
Initial Listing
Nov 5, 2021
$850,000
Public Record