506 N Arden Boulevard, Los Angeles, California 90004, Los Angeles, 90004 - 2 bed, 2 bath
506 N Arden Boulevard
Los Angeles, California 90004
Property Price
SUMMARY
Analysis of 506 N Arden Boulevard, Los Angeles, California 90004 reveals a Prime Investment Opportunity with a current list price of $1,639,000—significantly undercutting the $1,710,888 Fair Market Value by 4%. This valuation gap indicates a +$71,888 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 506 N Arden Boulevard Subject | $1,639,000* List Price | 2 | 2 | 1,664 | $1,028 | - |
A 337 N Beachwood Sold | $1,800,000 | 3 | 3 | 1,668 | $1,079 | 0.3 mi |
B 626 N Cahuenga Boulevard Sold | $1,925,000 | 3 | 2 | 1,692 | $1,138 | 0.3 mi |
C 564 N Irving Boulevard Sold | $1,512,000 | 2 | 1 | 1,291 | $1,171 | 0.4 mi |
D 136 S Arden Boulevard Active | $1,995,000 List Price | 3 | 2 | 1,996 | $999 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and has undergone significant permitted infrastructure upgrades, including a newer HVAC system (2019), sewer line (2017), and roof (2016). While the home retains its 1921 character, it features a modern open floor plan, an updated kitchen with a center island, and dual-pane windows. The major systems are well-maintained and within their expected lifespan, though the property lacks the total top-to-bottom recent renovation required for an 'excellent' rating.
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 = 7006, living area = 1664.
- Prime Larchmont Location
Situated just blocks from the heart of Larchmont Village, this property offers an exceptional lifestyle with high walkability to premium boutiques, dining, and community events in a highly sought-after Hancock Park pocket.
- Extensive Infrastructure Upgrades
The home boasts significant permitted capital improvements, including a newer HVAC system (2019), sewer line (2017), roof (2016), and foundation bolting (2016), significantly reducing immediate maintenance concerns for the buyer.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
- Inconsistent School Ratings
While the local elementary school is highly rated (8/10), the assigned middle schools carry significantly lower ratings (3/10), which may be a deterrent for families prioritizing long-term public education.
- Vintage Home Limitations
As a 1921 structure, the home may still possess inherent vintage limitations such as modest bedroom sizes or the need for further cosmetic updates to fully modernize the aesthetic to match its premium price point.
About 506 N Arden Boulevard
Located just blocks from the vibrant heart of Larchmont Village, this charming home offers a blend of classic character, modern upgrades and an unbeatable Hancock Park lifestyle. Enjoy close proximity to beloved neighborhood favorites and a variety of local services & community events that define this highly sought-after area. Bathed in natural light due to its west-facing orientation, the home features a spacious and flexible open floor plan ideal for both everyday living and entertaining. The inviting living room flows seamlessly into the dining area and cozy sitting space, while the breakfast room and kitchen with a center island offer direct views of the backyard and pool, creating an effortless indoor-outdoor connection.The property includes three bedrooms and two bathrooms, with the third bedroom ideally positioned as a front-facing office. Thoughtful storage solutions include a pull-down attic, basement with built-in safe, and additional utility spaces. Permitted upgrades include HVAC (2019), sewer line improvements (2017), roof replacement (2016), foundation bolting (2016), 200-amp electrical panel (2009) & upgraded dual-pane windows and doors (2007). The outdoor space is designed for California living, featuring a pool and easy access from the main living area and a circular driveway offers convenient off-street parking. Enjoy the benefits of an active neighborhood community through the Larchmont Village Neighborhood Association (LUNA). Move right in, or bring your vision to personalize this special property in one of Los Angeles' most beloved neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1921
- Lot Size
- 7,006 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Van Ness Avenue Elementary School
Grades K-5 • 0.6 mi
Third Street Elementary School
Grades K-5 • 0.8 mi
Hubert Howe Bancroft Middle School
Grades 6-8 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 17% |
| Baths | 2.0 | 3.0 | 34% |
| Square foot | 1,664 | 2,460 | 17% |
| Lot Size | 7,006 | 7,006 | 50% |
| Price | $1.64M | $2.14M | 40% |
| Price per sq ft | $985 | $960 | 53% |
| Built year | 1921 | 1922 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 176 | 2% |
Pricing History
Listed for Sale
Feb 26, 2026
$1,639,000
Initial Listing