550 Marie Avenue, Los Angeles, California 90042, Los Angeles, 90042 - 3 bed, 2 bath
Loading property details...
550 Marie Avenue
Los Angeles, California 90042
ACTIVE UNDER CONTRACT
CONDITION: GOOD
3Beds
2Baths
1,359Sq Ft
11,336Lot Size
Property Price
LIST PRICE$1,100,000
EST. MARKET VALUE
$930,836
18% AboveMARKET VALUE
SUMMARY
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $1,100,000—positioned well above the $930,837 Fair Market Value by -18%. While priced at a premium, the property features a Condition Rating of 3, boasting a remodeled kitchen and fresh updates. The expansive 11,336 sqft lot provides significant upside for future development, while the mid-century character and scenic hillside views offer immediate lifestyle appeal. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a unique, well-maintained hillside retreat.
Estimated Market Value
$930,836
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 550 Marie Avenue Subject 3 bd · 2 ba · 1,359 sqft · $685 | $1,100,000* List Price | 3 | 2 | 1,359 | $685 | - |
A 1459 N Avenue 57 Pending 3 bd · 2 ba · 1,304 sqft · $978 · 0.7 mi | $1,275,000 List Price | 3 | 2 | 1,304 | $978 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1965, the property features a remodeled kitchen with updated cabinetry and stainless steel appliances, along with new flooring and fresh interior paint. The home is well-maintained and move-in ready, aligning with the criteria for a property renovated within the last 5-15 years.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11336, living area = 1359.
- Expansive Quarter-Acre Lot
The 11,336 square foot lot is a rare find in Highland Park, offering significant outdoor space, privacy, and potential for future expansion or ADU development.
- Mid-Century Character with Modern Updates
The home preserves its 1965 architectural charm with a dramatic floor-to-ceiling brick fireplace while featuring a newly remodeled kitchen and updated flooring for immediate move-in comfort.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =11336, other record lot size in square feet = 11259.
- Compact Interior Square Footage
With only 1,359 square feet of living space for a three-bedroom home, the interior layout may feel restrictive for buyers seeking larger room proportions.
- Hillside Topography
The hillside setting, while providing excellent views, may limit the amount of usable flat land and could involve higher maintenance costs associated with sloped terrain.
About 550 Marie Avenue
Nestled in a peaceful hillside setting in Historic Highland Park, adjacent to Southwest Pasadena, 550 Marie Avenue offers a rare combination of mid-century character, expansive outdoor space, and picturesque views of the surrounding hills and distant mountains. Built in 1965 and set on an exceptional quarter-acre lot, this inviting home embodies the relaxed spirit of Southern California living.A dramatic floor-to-ceiling brick fireplace anchors the living room, celebrating the home's mid-century roots, while fresh interior paint,new flooring, and a remodeled kitchen bring renewed comfort and style. The main living spaces flow effortlessly to the rear yard, wherebrick patio and deck invite entertaining, dining al fresco, or simply unwinding amid the peaceful Australian willow myrtle, eucalyptus and oak trees. The generous quarter-acreparcel is a particularly rare find, offering a wonderful sense of openness and room to enjoy the outdoors.Beyond this tranquil retreat, the best of Northeast Los Angeles awaits. Explore the eclectic mix of acclaimed restaurants, livelybars, independent boutiques, and neighborhood coffee houses along York Boulevard and Figueroa Street, or venture into nearby South Pasadena, Eagle Rock, and Pasadena for even more dining, shopping, and cultural experiences.Outdoor enthusiasts will appreciate the proximity to the scenic trails of the Arroyo Seco, Ernest E. Debs Regional Park, and abundant hiking and biking opportunities. With Downtown Los Angeles just a convenient drive or Metro ride away, this location offers an appealing balance of neighborhood charm, outdoor recreation, and urban energy.The mid-century character, scenic vistas, expansive grounds, and enviable location present a special opportunity to embrace thequintessential California lifestyle.Don't miss this home and make it 'Where Your Home Happens.'
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1965
- Lot Size
- 11,336 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,359 | 1,670.836 |
| Lot Size | 11,336 | 6,152.156 |
| Price | $1.10M | $1.34M |
| Price per sq ft | $809 | $807 |
| Built year | 1965 | 1941 |
| HOA | $0 | $238 |
| Days on market | 27 | 56 |
Pricing History
Listed for Sale
Oct 13, 2026
$1,100,000
Initial Listing