5031 Granada, Los Angeles, California 90042, Los Angeles, 90042 - 3 bed, 1 bath
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Los Angeles, California 90042
This property presents a High-Potential Investment Opportunity with a List Price of $795,000—positioned well above the $778,857 Fair Market Value by -2%. Featuring a Condition Rating of 6, this 1913 structure requires significant capital investment to address deferred maintenance. The expansive 6,984 sq. ft. lot offers substantial upside for a full restoration or complete rebuild in a prime Highland Park location. This asset is a strategic acquisition for Fix-and-Flip Investors or Contractors capable of executing a comprehensive value-add renovation.
Property is land value only, full reconstruction required.
Built in 1913 with no evidence of renovation, the property is marketed as a 'major fixer' with 'significant deferred maintenance' and a 'tear down' opportunity. Interior photos show structural ceiling cracks and extremely dated, poor-condition systems.
Situated in the highly sought-after Highland Park neighborhood, this property offers excellent proximity to trendy amenities and strong long-term appreciation potential.
Priced competitively at $552 per square foot, the property presents a rare opportunity for a full restoration or a complete rebuild to maximize market value in a high-demand area.
The generous 6,984 square foot tree-covered lot provides ample space for potential home expansion, creative landscaping, or the addition of an Accessory Dwelling Unit (ADU).
Classified as a major fixer-upper, the home requires substantial capital investment to address significant structural or systemic issues throughout the 1913 structure.
The property is currently tenant-occupied and shown only with an accepted offer, which limits pre-purchase due diligence and may present challenges regarding possession.
This is a major fixer and as such offers tremendous upside potential. According to the HPOZ Map, this property is located just outside the HPOZ zone and thus should NOT be subject to the HPOZ rules. Buyer to verify. Large 1,440 Home is offered for sale at only $552/ sq. ft. Buyer has the rare opportunity either tear down and rebuild or restore this Vintage 1913 home located in Prime Highland Park Neighborhood. Significant deferred maintenance needs a savvy buyer. Large 6,984 sq. ft. tree covered lot just waiting for the right buyer with an astute vision. Do not disturb occupants. Tenant occupied and shown only with an accepted offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,440 | 1,672 |
| Lot Size | 6,986 | 6,067 |
| Price | $795.0K | $1.37M |
| Price per sq ft | $552 | $801 |
| Built year | 1913 | 1939 |
| HOA | $0 | $348 |
| Days on market | 9 | 56 |
Jul 13, 2026
$795,000
Initial Listing