
Los Angeles, California 90037
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $549,900—positioned well below the $549,655 Fair Market Value by approximately 0%. While the home is in Fair Condition Rating with dated interior finishes, it features modern Central HVAC and a functional layout. The 4,202 sq ft lot provides significant room for cosmetic modernization to drive long-term appreciation. Given the proximity to local schools and major commuter routes, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 537 W 49th Place Subject | $549,900* List Price | 2 | 1 | 1,030 | $534 | - |
A 620 W 42nd Place Sold | $495,000 | 2 | 1 | 1,088 | $455 | 0.5 mi |
B 1104 W 58th Street Sold | $550,000 | 2 | 1 | 1,129 | $487 | 0.8 mi |
C 945 W 54th Street Sold | $620,000 | 2 | 1 | 1,219 | $509 | 0.5 mi |
D 201 W 50th Sold | $660,000 | 3 | 1 | 1,014 | $651 | 0.5 mi |
E 1111 W 54th Sold | $640,000 | 3 | 1 | 1,188 | $539 | 0.7 mi |
F 933 W 57th Sold | $585,000 | 3 | 2 | 1,152 | $508 | 0.6 mi |
G 1123 W 52nd Street Sold | $618,000 | 2 | 1 | 1,234 | $501 | 0.6 mi |
H 1345 W 54th Street Sold | $609,000 | 3 | 1 | 1,356 | $449 | 0.9 mi |
I 1238 W 55th Active Under Contract | $619,950 List Price | 2 | 1 | 1,236 | $502 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1910 with a kitchen renovation that appears to be 25-30+ years old (oak cabinets and older tile work). While the home is functional and includes updated central HVAC, the interior finishes are dated and require cosmetic modernization.
Despite its 1910 heritage, the home is equipped with central air conditioning and a dedicated laundry area, providing essential modern conveniences that enhance year-round comfort.
The 4,202 sq ft lot features a private yard and a 1-car garage, offering significant potential for a garden retreat, outdoor entertaining, or additional secure storage.
Ideally situated near major commuter routes, hospitals, and shopping centers, this property offers excellent accessibility for professionals working throughout the Los Angeles area.
With only one bathroom serving the entire residence, the layout may be less convenient for families or those who frequently host guests.
Many of the assigned and nearby schools, particularly at the middle and high school levels, have low performance ratings, which could impact long-term resale value for families.
Introducing timeless charm and city convenience at 537 W 49th Pl in Los Angeles. Welcome to a warm and inviting traditional home that perfectly blends classic character with everyday comfort. Ideally situated in a well-established neighborhood, this property presents an outstanding opportunity for owner-occupants looking to enjoy convenient city living with the comfort of a cozy place to call home. This charming residence features 2 bedrooms and 1 bathroom across approximately 1,030 square feet of thoughtfully designed living space. The functional floor plan creates a welcoming atmosphere with comfortable living areas that are filled with natural light. A beautiful fireplace serves as the centerpiece of the living room, adding warmth and character while creating the perfect space. Central air conditioning provides year-round comfort, while the dedicated laundry area offers added convenience for everyday living. Situated on a 4,202 sq ft lot, the property offers a private outdoor space with endless possibilities. Whether you envision creating a relaxing patio, a garden retreat, or an outdoor entertaining area, the yard provides a wonderful opportunity to personalize and enhance the home's appeal. The 1-car garage offers secure parking along with additional storage space. Conveniently located near schools, shopping centers, neighborhood retail stores, restaurants, hospitals, parks, and major commuter routes, this home places everyday amenities just minutes away while maintaining the charm of an established residential neighborhood. Its central location makes commuting throughout Los Angeles simple and convenient. Whether you're looking for a comfortable primary residence or a property with long-term appreciation potential, 537 W 49th Pl combines location, charm, and functionality into one exceptional opportunity. With its traditional appeal, inviting living spaces, convenient amenities, and desirable location, this home is ready for its next chapter. Some photos have been digitally altered.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.4 mi
Grades K-2 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,030 | 1,664.159 |
| Lot Size | 4,202 | 6,066.556 |
| Price | $549.9K | $1.35M |
| Price per sq ft | $534 | $806 |
| Built year | 1910 | 1939 |
| HOA | $0 | $278 |
| Days on market | 31 | 55 |
Aug 9, 2026
$549,900
Initial Listing