
Los Angeles, California 90041
This property presents a High-Potential Investment Opportunity with a List Price of $1,160,000—positioned well below the $1,170,606 Fair Market Value by 0.9%. This valuation gap offers $10,606 in Instant Equity. With a Condition Rating of 5, the home requires a comprehensive renovation, yet the 7,638 sqft lot provides significant upside. Located near top-rated schools like Delevan Drive Elementary, this is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking to unlock value in the desirable Eagle Rock community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5139 Townsend Avenue Subject 3 bd · 1 ba · 1,224 sqft · $956 | $1,160,000* List Price | 3 | 1 | 1,224 | $956 | - |
A 5172 Hartwick Street Sold 2 bd · 1 ba · 1,120 sqft · $1,054 · 0.3 mi | $1,180,000 | 2 | 1 | 1,120 | $1,054 | 0.3 mi |
B 1265 Hill Drive Sold 3 bd · 2 ba · 1,483 sqft · $883 · 0.6 mi | $1,310,000 | 3 | 2 | 1,483 | $883 | 0.6 mi |
C 5238 Mount Helena Avenue Sold 3 bd · 1 ba · 1,156 sqft · $1,038 · 0.4 mi | $1,200,000 | 3 | 1 | 1,156 | $1,038 | 0.4 mi |
D 5231 Rockland Avenue Sold 2 bd · 1 ba · 1,064 sqft · $1,001 · 0.8 mi | $1,065,000 | 2 | 1 | 1,064 | $1,001 | 0.8 mi |
E 2016 Fair Park Avenue Active 3 bd · 2 ba · 1,382 sqft · $977 · 0.7 mi | $1,350,000 List Price | 3 | 2 | 1,382 | $977 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1922, this 102-year-old property is explicitly marketed as a 'complete remodel' opportunity for investors and contractors. The age and description indicate significant deferred maintenance, likely requiring a total overhaul of the kitchen, bathroom, and major systems (HVAC/Electric) to address safety and structural defects.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7638, living area = 1224.
Elementary School: Delevan Drive Elementary School (9/10).
Situated in one of Northeast Los Angeles' most sought-after neighborhoods, this property offers exceptional proximity to the vibrant dining and shopping scenes of Colorado and Eagle Rock Boulevards.
The home is in need of a complete rehabilitation, which will require significant upfront capital, permitting time, and construction management beyond a simple cosmetic refresh.
The current 3-bedroom, 1-bathroom configuration is underserved for modern family needs at this price point, likely requiring a costly layout reconfiguration to add a second bathroom.
Great opportunity in the highly desirable Eagle Rock neighborhood! Located at 5139 Townsend Avenue, this property offers tremendous potential for investors, contractors, or buyers looking to renovate and create their dream home. Situated in an established neighborhood, this home is ready for a complete remodel and offers the opportunity to customize and add value. Conveniently located near popular shops, restaurants, cafes, and entertainment along Colorado Boulevard and Eagle Rock Boulevard, with easy access to Pasadena, Glendale, Highland Park, and Downtown Los Angeles. Bring your vision and creativity to unlock the potential of this Eagle Rock property. Don't miss this opportunity to transform a home in one of Northeast Los Angeles' most desirable communities!
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.7 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,224 | 1,670.836 |
| Lot Size | 7,638 | 6,152.156 |
| Price | $1.16M | $1.34M |
| Price per sq ft | $948 | $807 |
| Built year | 1922 | 1941 |
| HOA | $0 | $238 |
| Days on market | 3 | 56 |
Nov 6, 2026
$1,160,000
Initial Listing