5414 8th Avenue, Los Angeles, California 90043, Los Angeles, 90043 - 4 bed, 2 bath
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Los Angeles, California 90043
This 1921 Craftsman Value-Add Asset is a Prime Investment Opportunity with a List Price of $755,000—positioned well below the $776,698 Fair Market Value by 2%. This valuation gap provides $21,698 in Instant Equity. While maintaining a Condition Rating of 4, the property features critical system updates and a massive 6,078-square-foot lot with significant ADU Potential. Strategically located near the K-Line and Hollywood Park, this high-upside project is perfectly suited for Fix-and-Flip Investors or Owner-Occupants seeking forced appreciation in a rapidly developing corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5414 8th Avenue Subject | $755,000* List Price | 4 | 2 | 1,611 | $482 | - |
A 5513 S Mullen Avenue Sold | $850,000 | 3 | 2 | 1,632 | $521 | 0.8 mi |
B 3630 W 61st Sold | $830,000 | 3 | 2 | 1,736 | $478 | 0.9 mi |
C 5012 8th Avenue Sold | $865,000 | 4 | 4 | 2,013 | $430 | 0.3 mi |
D 5455 5th Avenue Sold | $750,000 | 3 | 2 | 1,506 | $498 | 0.2 mi |
E 3663 W 60th Street Sold | $750,000 | 3 | 2 | 1,308 | $573 | 0.8 mi |
F 3439 W 59th Place Sold | $650,000 | 3 | 2 | 1,734 | $375 | 0.6 mi |
G 5157 Arlington Active | $720,000 List Price | 3 | 2 | 1,596 | $451 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1921, this century-old Craftsman is described as a restoration opportunity awaiting a 'visionary touch.' While it features critical system updates including plumbing, a tankless water heater, and energy-efficient windows, the interior is characterized as 'vintage' and requires significant cosmetic and functional updates to the kitchen and bathrooms to meet modern standards.
High School: Middle College High School (9/10).
This 1921 Craftsman bungalow retains its original architectural soul with built-in cabinetry while benefiting from critical updates including energy-efficient windows, updated plumbing, and a tankless water heater.
Strategically located near the K-Line and Hollywood Park expansion, the property is positioned for significant appreciation ahead of the 2026 World Cup and 2028 Olympics.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Marketed as a 'reimagining bliss,' the interior requires a comprehensive restoration and a designer’s touch to modernize the 1,611-square-foot living space.
The majority of the assigned public schools in the immediate vicinity carry low performance ratings, which may be a drawback for education-focused buyers.
Steeped in the architectural romance of the 1920s, this Craftsman style bungalow offers a rare opportunity to restore a piece of Los Angeles history. Behind a picturesque gabled roof and manicured curb appeal, 1,611 square feet living space awaits a visionary touch. While the home has been thoughtfully preserved with energy-efficient windows, updated plumbing, a tankless water heater, and fresh exterior paint, it remains a "reimagining bliss"a character-filled sanctuary ready to be polished into a modern masterpiece. The interior harmonizes vintage soul with a functional floor plan. Original built-in cabinetry and architectural flourishes anchor the social core, where a graceful living room and formal dining area flow seamlessly toward a delightful kitchen. In a nod to traditional craftsmanship, the "wing" design tucks four spacious bedrooms away for ultimate privacy. The true excitement lies in what's possible. Set on a sprawling 6,078-square-foot lot, the expansive backyard is a private stage for your grandest ambitions be it an organic garden, an alfresco entertainment retreat, or a high-value ADU. Strategically positioned for long-term appreciation, you are minutes from the K-Line and the transformative Hollywood Park expansion. As the neighborhood readies itself for the global spotlight of the 2026 World Cup and 2028 Olympics, this home stands as a premier investment in one of LA's most vibrant corridors. Bring your designer's eye and claim your stake in this neighborhood's bright future.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 79% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,611 | 1,505 | 58% |
| Lot Size | 6,078 | 6,270.5 | 44% |
| Price | $755.0K | $857.7K | 32% |
| Price per sq ft | $469 | $617 | 14% |
| Built year | 1921 | 1927 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 158 | 1% |
May 1, 2026
$755,000
Initial Listing
Jul 30, 2002
$237,000
Public Record