5184 Caspar Avenue, Los Angeles, California 90041, Los Angeles, 90041 - 3 bed, 3 bath
5184 Caspar Avenue
Los Angeles, California 90041
Property Price
SUMMARY
Analysis of 5184 Caspar Avenue, Los Angeles, California 90041 reveals a property with a current list price of $1,599,999, which is 9% above the estimated $1,455,968 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 |
|---|---|---|---|---|---|---|
★ 5184 Caspar Avenue Subject | $1,599,999* List Price | 3 | 3 | 1,562 | $932 | - |
A 2335 Fair Park Sold | $1,240,000 | 3 | 2 | 1,220 | $1,016 | 0.5 mi |
B 1560 Waldran Avenue Sold | $1,280,000 | 3 | 1 | 1,263 | $1,013 | 0.8 mi |
C 5153 Windermere Avenue Sold | $1,200,000 | 2 | 1 | 1,029 | $1,166 | 0.3 mi |
D 2354 Laverna Avenue Sold | $1,250,000 | 3 | 3 | 1,644 | $760 | 0.7 mi |
E 2438 Loy Lane Sold | $1,400,000 | 3 | 2 | 1,658 | $844 | 0.5 mi |
F 2320 Hill Drive Pending | $1,299,000 List Price | 3 | 2 | 1,664 | $781 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1923, this property shows a mix of updates and dated elements. The main kitchen has been renovated with newer white cabinetry, black granite countertops, and stainless steel appliances, which is a significant improvement. However, at least one bathroom features older tile work, a basic vanity, and fixtures that appear dated. The secondary 'mini kitchen' also has very dated white tile countertops and basic white appliances. While the home is maintained and functional, the overall age of the property, coupled with the outdated conditions in key areas like bathrooms and the secondary kitchen, indicates that minor updates and potential system overhauls (as noted in the property analysis) would be beneficial.
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 = 7048, living area = 1562.
- Great Schools
Elementary School: Delevan Drive Elementary School (9/10).
- Flexible Living & Income Potential
The property offers highly versatile living arrangements with a third bedroom featuring a separate entrance, mini-kitchen, and bath, ideal for multi-generational living, rental income, or a dedicated home office. The two-car garage also presents ADU potential.
CONSRISKS & DEFICIENCIES
- Age of Property & Potential for System Updates
Built in 1923, the home is over a century old. While some renovations are noted, older properties often require ongoing maintenance and may have original systems (plumbing, electrical, HVAC) that could necessitate significant updates or repairs in the future.
- Suboptimal Laundry Location
The laundry facilities are located on the back porch, which can be exposed to the elements, less convenient, and potentially less secure compared to an indoor laundry room.
- Recent Significant Price Reduction
A substantial $200,000 price drop from the original listing price suggests the property may have been initially overpriced or has faced challenges in attracting buyers, potentially indicating market resistance or perceived value issues.
About 5184 Caspar Avenue
Price REDUCED by $200,000! Motivated sellers. A home in Eagle Rock's sought-after location! This versatile three-bedroom and three-bath home on a cul-de-sac has so much to offer! A spiral staircase leads to an attic with a bath. A third bedroom with a bath, a separate entrance, a mini kitchen, and a receiving area provides flexibility for a variety of uses and can be reincorporated with the main house or simply used as a separate unit. The kitchen was renovated with new cabinetry and a granite countertop. A spacious and functional outdoor kitchen serves as an additional utility room and storage. Outdoor detached storage sheds for garden and utility gadgets are located conveniently to service the yard with fruit trees like persimmon, citrus, guava, herbs, and succulents. Laundry is located on the back porch. A two-car garage is currently used as a playroom and has potential for an ADU. The driveway is utilized as covered carport for 3 cars. The front yard is beautifully landscaped with white pebbles, ornamental plants, succulents, and a mulberry tree. This home is conveniently located close to Trader Joe's, Target, Seafood City, boutique shops, restaurants, cafes, and all other services! A true gem indeed!!!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1923
- Lot Size
- 7,048 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Eagle Rock Elementary and Magnet Center
Grades K-6 • 0.4 mi
Dahlia Heights Elementary School
Grades K-6 • 0.8 mi
Glenoaks Elementary School
Grades K-6 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 60% |
| Square foot | 1,562 | 1,684 | 40% |
| Lot Size | 7,048 | 7,116.5 | 49% |
| Price | $1.60M | $1.36M | 65% |
| Price per sq ft | $1.0K | $899 | 72% |
| Built year | 1923 | 1926 | 34% |
| HOA | $0 | $0 | 50% |
| Days on market | 159 | 158 | 51% |
Pricing History
Listed for Sale
Dec 15, 2025
$1,599,999
$1,799,999
-11% Price Drop
Initial Listing
Price Change
Sep 28, 2025
$1,799,999
Initial Listing