5404 S Corning Avenue, Los Angeles, California 90056, Los Angeles, 90056 - 4 bed, 3 bath
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Los Angeles, California 90056
This Value-Add Residential Asset in prestigious Ladera Heights is listed at $1,675,000, compared to a $1,453,533 Fair Market Value. With a Condition Rating of 5 and a "Cash Buyers Only" requirement, the property serves as a high-potential canvas for forced appreciation. The expansive 9,519-square-foot lot, 2,761-square-foot interior, and dual fireplaces provide the scale necessary for luxury modernization. Located near the 9/10 rated Farragut Elementary and 8/10 Culver City High, the asset is positioned for strong exit liquidity. This is an ideal acquisition for Fix-and-Flip Investors or Contractors ready to unlock significant market value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5404 S Corning Avenue Subject | $1,675,000* List Price | 4 | 3 | 2,761 | $526 | - |
A 6116 Wooster Avenue Sold | $2,125,000 | 4 | 3 | 3,200 | $664 | 0.7 mi |
B 5925 S Chariton Avenue Sold | $1,309,455 | 3 | 3 | 2,293 | $571 | 0.5 mi |
C 5804 S Sherbourne Drive Sold | $1,350,000 | 2 | 3 | 2,084 | $648 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1956 (68 years old) with no evidence of recent renovations. The listing explicitly states the home requires 'TLC and repairs' and is 'CASH BUYERS ONLY,' which typically indicates significant deferred maintenance, outdated systems, or safety issues that prevent traditional financing.
Elementary School: Farragut Elementary School (9/10).
Situated in the highly sought-after Ladera Heights neighborhood, this property offers long-term value and proximity to major Los Angeles commuter routes, shopping, and dining.
The expansive 9,519-square-foot lot provides a rare opportunity for substantial outdoor living space, potential home expansion, or custom landscaping in a prime area.
The property requires significant TLC and repairs, making it a project best suited for investors or buyers prepared for a full-scale renovation to realize its potential.
The 'Cash Buyers Only' requirement indicates the property likely does not qualify for traditional financing, significantly limiting the pool of potential buyers and requiring immediate capital.
Located in the highly sought-after Ladera Heights neighborhood, this 4-bedroom, 3-bathroom home presents an exceptional opportunity to create your dream residence in a prime location. Situated on a generously sized lot, the property offers ample space for expansion, outdoor living, or customization to suit your vision. The spacious interior features multiple living areas filled with natural light, including a welcoming living room with a fireplace and a separate family room complete with its own fireplace and a wet bar perfect for entertaining or relaxing at home. Well-proportioned bedrooms provide comfort and flexibility for a variety of lifestyles. Ideal for buyers looking to renovate and add value, this home offers incredible potential. While it does require TLC and repairs, it serves as the perfect canvas for investors, developers, or end-users eager to transform it into something truly special. Enjoy the benefits of living in a prestigious neighborhood known for its charm, convenience, and proximity to shopping, dining, and major commuter routes. Bring your imagination and make this home your own. CASH BUYERS ONLY!
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades K-5 • 1.1 mi
Grades K-5 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,761 | 2,564.5 | 54% |
| Lot Size | 9,519 | 8,947 | 83% |
| Price | $1.68M | $1.74M | 42% |
| Price per sq ft | $607 | $679 | 29% |
| Built year | 1956 | 1961 | 42% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 192 | 4% |
Apr 29, 2026
$1,675,000
Initial Listing