5231 Rockland Avenue, Los Angeles, California 90041, Los Angeles, 90041 - 2 bed, 1 bath
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Los Angeles, California 90041
This 1923 Eagle Rock fixer represents a High-Potential Investment Opportunity, listed at $999,999—positioned well below the $1,041,653 Fair Market Value by 3%. This valuation gap secures $41,654 in Instant Equity. While carrying a Condition Rating of 5, the 6,380 square foot lot and mountain views offer significant development upside, including ADU potential. Zoned for the elite Delevan Drive Elementary (9/10), this asset is a strategic acquisition for Fix-and-Flip Investors or Contractors looking to capitalize on the high-demand Eagle Rock market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5231 Rockland Avenue Subject | $999,999* List Price | 2 | 1 | 1,064 | $933 | - |
A 5153 Windermere Avenue Sold | $1,200,000 | 2 | 1 | 1,029 | $1,166 | 0.1 mi |
B 1597 Fair Park Avenue Sold | $875,000 | 2 | 1 | 1,150 | $761 | 1.0 mi |
C 1541 Chickasaw Avenue Sold | $1,100,000 | 2 | 1 | 1,222 | $900 | 1.0 mi |
D 1560 Waldran Avenue Sold | $1,280,000 | 3 | 1 | 1,263 | $1,013 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1923 property is explicitly marketed as a 'fixer' and shows significant deferred maintenance. The kitchen and bathroom are severely outdated with worn cabinetry, old appliances, and deteriorating surfaces. Interior photos reveal ceiling cracks, peeling paint, and aged flooring, while the exterior shows overgrown landscaping and weathered siding, indicating a need for a complete overhaul of major systems and finishes.
Elementary School: Delevan Drive Elementary School (9/10).
Nestled in the highly desirable Eagle Rock hills, this property is zoned for exceptional schools, including Eagle Rock Elementary (8/10) and Delevan Drive Elementary (9/10), ensuring strong long-term equity.
The oversized 6,380 square foot lot offers a rare 'blank canvas' opportunity for expansion, the addition of an ADU, or the creation of a premium outdoor living space in a dense urban market.
As a designated 'fixer,' the property requires a substantial capital injection to modernize its 100-year-old systems and address deferred maintenance, which may complicate traditional financing.
The current 2-bedroom, 1-bathroom configuration is limited for modern family needs and may feel undersized for the nearly $1 million price point without immediate structural expansion.
Nestled in the desirable hills of Eagle Rock, this charming fixer offers incredible potential on a spacious 6,380 square foot lot. The 1,064 square foot home features 2 bedrooms and 1 retro-style bathroom, brimming with vintage character ready to be restored or reimagined. A welcoming front porch leads into a cozy living room with a fireplace, perfect for relaxing evenings, while the formal dining room provides a classic space for gatherings. The expansive lot offers endless possibilities for expansion, outdoor living, or gardening. A detached 1-car garage adds convenience and additional storage. Equipped with gas heat, this property is an excellent opportunity for buyers looking to fix, save, and create their dream home in a sought-after neighborhood.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-6 • 0.8 mi
Grades K-6 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 25% |
| Baths | 1.0 | 2.0 | 19% |
| Square foot | 1,064 | 1,659 | 13% |
| Lot Size | 6,380 | 7,021 | 33% |
| Price | $1000.0K | $1.39M | 11% |
| Price per sq ft | $940 | $909 | 54% |
| Built year | 1923 | 1925 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 59 | 136 | 10% |
Apr 16, 2026
$999,999
Initial Listing