5139 Loleta, Los Angeles, California 90041, Los Angeles, 90041 - 3 bed, 2 bath
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5139 Loleta
Los Angeles, California 90041
ACTIVE
CONDITION: POOR
3Beds
2Baths
921Sq Ft
4,447Lot Size
Property Price
LIST PRICE$825,000
EST. MARKET VALUE
$846,262
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $860,000—positioned well above the $758,929 Fair Market Value by -13%. Featuring a Condition Rating of 5, this probate fixer requires a comprehensive renovation to address unpermitted living spaces and deferred maintenance. Located in the heart of Eagle Rock near top-rated schools like Delevan Drive Elementary, the asset offers significant upside for Fix-and-Flip Investors or Contractors capable of navigating the shared driveway easement and permitting requirements.
Estimated Market Value
$846,262
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 |
|---|---|---|---|---|---|---|
★ 5139 Loleta Subject | $825,000* List Price | 3 | 2 | 921 | $919 | - |
A 4851 N Maywood Avenue Sold | $950,000 | 2 | 1 | 1,004 | $946 | 0.9 mi |
B 1597 Fair Park Avenue Sold | $875,000 | 2 | 1 | 1,150 | $761 | 0.5 mi |
C 1775 Yosemite Drive Active | $695,000 List Price | 2 | 1 | 882 | $788 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1922, this century-old 'probate fixer' is explicitly marketed for investors and requires a full rehab. The presence of unpermitted living spaces, a 'sold as-is' mandate, and visible exterior neglect in photos suggest significant deferred maintenance and likely outdated systems (HVAC/Electric) and kitchen/baths.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Delevan Drive Elementary School (9/10).
- Prime Eagle Rock Location
Situated in the heart of the highly desirable Eagle Rock neighborhood, the property is exceptionally close to top-rated schools, including Dahlia Heights Elementary and Eagle Rock High School.
- Significant Value-Add Potential
As a probate fixer-upper, this property offers a prime opportunity for investors or developers to capitalize on high market demand through a complete renovation and modernization.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 1.
- Unpermitted Improvements
The lower level includes two bedrooms and a bathroom that are unpermitted, which poses significant risks for financing and may require costly legal remediation.
- Challenging Access and Privacy
The property is located behind another home and relies on a shared driveway easement, which limits privacy and may deter buyers looking for a traditional street-facing residence.
About 5139 Loleta
Investors dream, welcome to this Probate fixer in the heart of Eagle Rock, this 3 bedroom 1.5 bath home has a lot of potential, has a back porch, plenty of storage , bring your imagination and tools. This home sits in the back of a front house, there is an easement with a very long driveway, you can park in the back pass the gate. A big front yard, the bottom half of the house has 2 bedrooms, and a bath UNPERMITTED . DO YOUR OWN DILIGENCE . SOLD AS IS!!! NO REPAIRS!!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1922
- Lot Size
- 4,447 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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
Dahlia Heights Elementary School
Grades K-6 • 0.1 mi
6/10
Rockdale Elementary School
Grades K-6 • 0.6 mi
6/10
Eagle Rock Elementary and Magnet Center
Grades K-6 • 0.8 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 921 | 1,664.159 |
| Lot Size | 4,447 | 6,066.556 |
| Price | $825.0K | $1.35M |
| Price per sq ft | $896 | $806 |
| Built year | 1922 | 1939 |
| HOA | $0 | $278 |
| Days on market | 78 | 55 |
Pricing History
Listed for Sale
Aug 13, 2026
$825,000
$860,000
-4% Price Drop
Initial Listing
Price Change
Jun 23, 2026
$860,000
Initial Listing