5502 S Chariton Avenue, Los Angeles, California 90056, Los Angeles, 90056 - 4 bed, 3 bath
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Los Angeles, California 90056
This Ladera Heights Single Family Residence is a High-Potential Investment Opportunity, listed at $2,280,000—positioned well below the $2,295,969 Fair Market Value by 0.7%. Featuring a Good Condition Rating, the home offers a modern, open-concept interior with high-end finishes, while the expansive 11,648-square-foot lot provides significant upside for an ADU or resort-style backyard. This property balances immediate move-in comfort with substantial value-add potential, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to customize a premium asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5502 S Chariton Avenue Subject | $2,280,000* List Price | 4 | 3 | 3,173 | $724 | - |
A 6524 S Holt Avenue Sold | $2,055,000 | 4 | 4 | 3,208 | $641 | 0.9 mi |
B 6150 Wooster Avenue Sold | $2,325,000 | 4 | 3 | 2,825 | $823 | 0.8 mi |
C 5544 W 63rd Street Sold | $2,251,000 | 4 | 4 | 3,025 | $744 | 0.7 mi |
D 6133 Wooster Avenue Sold | $2,200,000 | 5 | 3 | 2,774 | $793 | 0.8 mi |
E 6006 Wooster Avenue Pending | $2,049,000 List Price | 4 | 3 | 2,616 | $783 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The interior features a high-end, modern renovation likely completed within the last 5 years, including a contemporary kitchen with waterfall islands and updated bathrooms. While the interior is in excellent condition, the property is rated 'Good' overall because the exterior and backyard remain unfinished with cracked concrete and dated landscaping, requiring further investment.
Elementary School: Farragut Elementary School (9/10).
The home features a recently updated open-concept floor plan with a remodeled kitchen and bathrooms, offering a move-in-ready interior that blends contemporary style with functional living.
Situated on an expansive 11,648-square-foot lot, the property provides ample space for a resort-style pool, outdoor entertaining areas, or a potential ADU, offering rare flexibility in a dense urban market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3173, other record living area = 2669.
The property is served by the Inglewood Unified School District, where several assigned schools currently hold low performance ratings, which may be a consideration for families prioritizing education.
While the interior is substantially renovated, the backyard and exterior spaces are presented as a 'blank canvas,' requiring additional capital investment and time to fully realize the property's potential.
RARE OPPORTUNITY IN HIGHLY SOUGHT-AFTER LADERA HEIGHTS! 5502 S Chariton Ave presents a unique chance for both investors and end users to capitalize on a substantially renovated home with significant upside still remaining. Much of the expensive work has already been completed, including an open-concept floor plan, remodeled kitchen, updated bathrooms, recessed lighting, modern finishes, and an inviting layout designed for today's lifestyle. The property offers the ideal balance between move-in-ready comfort and value-add potential. For end users, this is an opportunity to skip the headaches of a major renovation and focus on the fun part adding personal style, selecting finishes, and creating a dream backyard tailored to your lifestyle. Whether you envision a resort-style pool and spa, outdoor entertaining spaces, wellness retreat, home office, guest house, or potential ADU (buyer to verify), the expansive backyard provides exceptional flexibility and room to grow. For investors, the property represents a compelling value-add opportunity where much of the costly renovation work has already been absorbed. With lower construction risk, reduced timelines, and strong demand for updated homes with outdoor lifestyle amenities, the path to value creation is already well underway. Properties that offer this combination of completed improvements, customization potential, and outdoor expansion opportunities rarely come to market. Whether you're looking to create your forever home or your next successful project, 5502 S Chariton Ave offers the foundation, flexibility, and upside to bring your vision to life.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.2 mi
Grades K-5 • 2.0 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 | 3,173 | 2,782 | 86% |
| Lot Size | 11,648 | 8,947 | 95% |
| Price | $2.28M | $1.78M | 86% |
| Price per sq ft | $719 | $656 | 55% |
| Built year | 1979 | 1961 | 91% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 181 | 5% |
Jun 3, 2026
$2,280,000
Initial Listing
Mar 3, 2025
$1,448,000
Public Record