5054 Novgorod Street, Los Angeles, California 90032, Los Angeles, 90032 - 4 bed, 3 bath
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Los Angeles, California 90032
This Charming Renovated Residence is a High-Potential Investment Opportunity listed at $980,000—positioned well below the $1,009,679 Fair Market Value by 2%. This valuation gap provides $29,679 in Instant Equity. Boasting a Condition Rating of 3, the home features a Modernized Gourmet Kitchen with granite countertops and a versatile 300+ sq ft loft ideal for a home office. Residents enjoy a City Lights View and private deck and patio access within the Los Angeles Unified district. This property is an ideal match for Owner-Occupants or Value-Driven Buyers seeking a move-in-ready home with built-in upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5054 Novgorod Street Subject | $980,000* List Price | 4 | 3 | 1,660 | $608 | - |
A 3948 Van Horne Sold | $959,000 | 4 | 2 | 1,518 | $632 | 0.1 mi |
B 2649 Round Drive Sold | $1,040,000 | 4 | 2 | 1,578 | $659 | 0.9 mi |
C 5129 Chester Street Sold | $1,235,800 | 3 | 3 | 1,744 | $709 | 0.8 mi |
D 2717 Chadwick Sold | $800,000 | 3 | 3 | 1,410 | $567 | 0.8 mi |
E 5437 Norwich Avenue Sold | $829,000 | 2 | 1 | 1,206 | $687 | 0.7 mi |
F 2639 Round Active | $999,000 List Price | 4 | 2 | 1,746 | $572 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone significant renovations that appear to be within the 10-15 year range. The kitchen is modernized with granite countertops, a center island, and stainless steel appliances. The home features updated flooring, recessed lighting, double-pane windows with shutters, and functional bathrooms. While the original structure dates to 1914, the systems like central A/C and electrical have been updated, and the overall interior quality meets the 'good' criteria for being well-maintained without requiring immediate repairs.
The home features a high-end kitchen with granite countertops, a center island, and pendant lighting, offering a contemporary feel that is rare for a property of this vintage.
An additional 300+ sq ft loft with a half bath provides significant functional value as a home office or guest suite, bringing the total usable living area to 1,660 sq ft.
Ideally situated near South Pasadena, Alhambra, and Downtown LA with easy access to the 710 and 10 freeways, making it a prime spot for professionals working in the city.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1660, other record living area = 1360. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
The 300+ sq ft loft is not included in the official county records, which could lead to complications with appraisals, financing, or future permitting.
The property only offers a one-car garage, which may be a drawback for multi-vehicle households despite the presence of additional driveway parking.
Welcome to this charming home in the desirable El Sereno neighborhood of Los Angeles, offering a great opportunity for both investors and future homeowners. The bright gourmet kitchen features granite countertops, ample cabinetry, and a center island with pendant lighting, flowing into a spacious living area with wood flooring, recessed lighting, and double-pane windows with white shutters. The home includes central A/C, an updated electrical system, a one-car garage with rear alley access, two front parking spaces, and ample street parking. County records show 1,360 sq ft. The main level offers 3 bedrooms and 2 bathrooms, plus a 300+ sq ft loft/attic with a half bath (not included in recorded square footage), ideal for a home office or guest space. The total living space is 1,660 sq ft. Conveniently located near South Pasadena, Alhambra, California State University, Los Angeles, and Downtown LA, with easy access to the 710 and 10 freeways, shopping, schools, and everyday amenities. A great blend of location, functionality, and long-term potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 85% |
| Baths | 3.0 | 2.0 | 79% |
| Square foot | 1,660 | 1,230.5 | 78% |
| Lot Size | 4,533 | 5,403 | 14% |
| Price | $980.0K | $866.5K | 78% |
| Price per sq ft | $590 | $690 | 28% |
| Built year | 1914 | 1942 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 178 | 1% |
Apr 7, 2026
$980,000
Initial Listing
Jun 10, 2015
$469,000
Public Record
Mar 4, 2015
$302,500
Public Record