534 Casanova Street, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 2 bath

534 Casanova Street, Los Angeles, California 90012 home-pic-0
ACTIVE$975,000$1,208/sqft
Est. Value: $1,057,992
8%
BelowEstimate
534 Casanova Street, Los Angeles, California 90012
2Beds
2Baths
1,208Sqft
5,544Lot

Price Vs. Estimate

The estimated value ($1,057,991.525) is $82,991.525 (8%) higher than the list price ($975,000). This property may be underpriced.

Key pros and cons

Top Pros:
Versatile Income Property: Duplex configuration allows for owner-occupancy with rental income or full investment potential, enhanced by private decks and separate amenities for each unit.
Top Cons:
Age-Related Maintenance: As a 1909 build, despite recent upgrades, the property may still present unforeseen maintenance challenges inherent to historic homes.

Compared to the nearby listings

Price:$975.0K vs avg $756.5K (+$218,500)75%
Size:1,208 sqft vs avg 1,308 sqft42%
Price/sqft:$807 vs avg $66158%

More Insights

Built in 1909 (117 years old).
Condition: Despite being built in 1909, the property has undergone significant recent upgrades including all-new energy-efficient windows, four newly added mini-split systems for cooling/heating, and updated plumbing. While the kitchens and bathrooms feature dated aesthetics (e.g., checkered floors, older cabinet styles, basic fixtures, and older appliances), they appear clean, functional, and well-maintained. The property is move-in ready with no immediate renovation required for functionality, aligning with the 'Good' criteria for well-maintained systems and recent component updates, even if not a full modern renovation.
Year Built
1909
Close
-
List price
$975K
Original List price
$975K
Price/Sqft
$807
HOA
-
Days on market
-
Sold On
-
MLS number
26637839
Home ConditionGood
Features
Excellent View: City Lights, Hills
Patio
ViewCity Lights,Hills

About this home

Located in the heart of historic Solano Canyon, this enchanting c.1909 duplex offers a rare blend of character, privacy, and future potential in one of Los Angeles' most storied hillside neighborhoods. Set back from the street on a generous lot, the home is surrounded by private gardens, creating a peaceful retreat just moments from the energy of the city. The property features two spacious units, each offering a large kitchen, living room, bedroom, full bath, mudroom, washer/dryer hookups, and a private deck. Recent upgrades include all-new energy-efficient windows, a newly enclosed sunroom, and four newly added mini-split systems, and plumbing, providing modern comfort while preserving the home's historic charm. Each unit also includes approximately 400 square feet of private basement storage, or potential for an ADU. Outdoor amenities include a gated front yard, multi-level garden spaces, a sizable backyard with alley access, and two highly coveted parking spaces. Elevated positioning allows for views of Downtown Los Angeles, enhancing both livability and long-term value. Situated within a top-rated Blue Ribbon school district, the property is ideally located near Chinatown, Dodger Stadium, Elysian Park, and beloved Eastside destinations, offering effortless access to dining, culture, recreation, and major commuter routes. Whether you choose to live in one unit and rent the other or capitalize on the approved plans for a small lot subdivision featuring three architect-designed townhomes by Richard Corsini, this is a truly special opportunity in a historically rich enclave with strong upside potential.

R
Richard Schulman
Listing Agent

Nearby schools

7/10
Solano Avenue Elementary School
Public,K-60.1mi
3/10
Albion Street Elementary School
Public,K-60.7mi
3/10
Ann Street Elementary School
Public,K-60.7mi
6/10
Castelar Street Elementary School
Public,K-50.9mi
7/10
Dorris Place Elementary School
Public,K-61.2mi
4/10
Loreto Street Elementary School
Public,K-51.2mi
3/10
Elysian Heights Elementary School
Public,K-61.5mi
5/10
Florence Nightingale Middle School
Public,6-81.1mi
2/10
Logan Street Elementary School
Public,K-81.6mi
6/10
Irving STEAM Magnet
Public,6-83.0mi
6/10
Thomas Starr King Middle School
Public,6-83.2mi
5/10
Abraham Lincoln Senior High School
Public,9-121.5mi
3/10
Belmont Senior High School
Public,9-122.1mi

Price History

Date
Event
Price
08/25/22
Sold
$830,000
04/27/16
Sold
$467,000
10/26/15
Sold
$415,000
Condition Rating
Good

Despite being built in 1909, the property has undergone significant recent upgrades including all-new energy-efficient windows, four newly added mini-split systems for cooling/heating, and updated plumbing. While the kitchens and bathrooms feature dated aesthetics (e.g., checkered floors, older cabinet styles, basic fixtures, and older appliances), they appear clean, functional, and well-maintained. The property is move-in ready with no immediate renovation required for functionality, aligning with the 'Good' criteria for well-maintained systems and recent component updates, even if not a full modern renovation.
Pros & Cons

Pros

Versatile Income Property: Duplex configuration allows for owner-occupancy with rental income or full investment potential, enhanced by private decks and separate amenities for each unit.
Significant Development Upside: Approved plans for a three-townhome small lot subdivision by a renowned architect offer substantial future value creation.
Strategic Location & Views: Situated in historic Solano Canyon with elevated Downtown LA views, offering excellent access to major Eastside attractions, dining, and commuter routes.
Modernized Comforts & Historic Charm: Recent upgrades including energy-efficient windows, new plumbing, and mini-split systems blend modern living with the property's original character.
Ample Outdoor Space & Parking: Generous lot with private gardens, multi-level outdoor areas, alley access, and two coveted parking spaces, rare for the area.

Cons

Age-Related Maintenance: As a 1909 build, despite recent upgrades, the property may still present unforeseen maintenance challenges inherent to historic homes.
Capital Intensive Development: Realizing the approved subdivision plans requires significant capital investment, time, and project management, potentially limiting immediate turnkey appeal.
Modest Current Living Space: The existing 1208 sqft across two units might be considered modest for the price point by buyers not focused on the development potential.
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