5837 4th Avenue, Los Angeles, California 90043, Los Angeles, 90043 - 3 bed, 1 bath
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5837 4th Avenue
Los Angeles, California 90043
ACTIVE
CONDITION: POOR
3Beds
1Baths
1,144Sq Ft
4,823Lot Size
Property Price
LIST PRICE$610,000
EST. MARKET VALUE
$587,805
3% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $610,000—positioned slightly above the $587,806 Fair Market Value. While the property requires a full system overhaul given its Condition Rating of 5, the Detached Garage with Utilities offers significant ADU Conversion Potential to drive rental income. The 1923 Craftsman Character provides a solid foundation for value-add renovations. This asset is best suited for Buy-and-Hold Investors or Contractors capable of managing a comprehensive rehab project in the Park Mesa Heights neighborhood.
Estimated Market Value
$587,805
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 |
|---|---|---|---|---|---|---|
★ 5837 4th Avenue Subject 3 bd · 1 ba · 1,144 sqft · $514 | $610,000* List Price | 3 | 1 | 1,144 | $514 | - |
A 4516 2nd Avenue Sold 2 bd · 1 ba · 1,067 sqft · $515 · 1.0 mi | $550,000 | 2 | 1 | 1,067 | $515 | 1.0 mi |
B 6621 5th Avenue Sold 1 bd · 1 ba · 1,004 sqft · $533 · 0.7 mi | $535,000 | 1 | 1 | 1,004 | $533 | 0.7 mi |
C 7032 2nd Ave Sold 2 bd · 2 ba · 1,209 sqft · $471 · 0.9 mi | $570,000 | 2 | 2 | 1,209 | $471 | 0.9 mi |
D 5930 6th Ave Active 2 bd · 1 ba · 991 sqft · $520 · 0.1 mi | $515,000 List Price | 2 | 1 | 991 | $520 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1923 (100+ years old) with no evidence of recent renovations. The interior features dated flooring and an older kitchen, while the use of window AC units indicates a lack of modern central HVAC. Given the age and visible wear on the roof and detached structures, the property likely requires a full system overhaul and significant rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Middle College High School (9/10).
- ADU Conversion Potential
The detached garage comes with utilities already connected, offering a streamlined opportunity to add value and generate rental income by converting the space into an Accessory Dwelling Unit (ADU).
- Competitive Price Point
Priced at $610,000 for a three-bedroom residence, this property represents a strong entry-level investment or starter home opportunity within the Los Angeles market.
CONSRISKS & DEFICIENCIES
- Tenant Occupancy Hurdles
The property is currently tenant-occupied with 'do not disturb' restrictions, which can complicate the viewing process, inspections, and the timeline for owner-occupancy.
- Limited Bathroom Count
A 3-bedroom, 1-bathroom configuration is often considered underserved for modern family needs, potentially requiring further investment to add a second bathroom to maximize marketability.
About 5837 4th Avenue
Charming 3 bedroom, 1 bathroom craftsman home in Park Mesa Heights Neighborhood. Quant backyard leads to a detached garage. Potential to capitalize on the garage space w/ utilities connected and convert to ADU - buyer to verify.Property is tenant occupied, do not disturb.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1923
- Lot Size
- 4,823 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Fifty-Ninth Street Elementary School
Grades K-5 • 0.2 mi
2/10
Angeles Mesa Elementary School
Grades K-5 • 0.5 mi
3/10
Yes Academy
Grades K-5 • 0.6 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,144 | 1,670.836 |
| Lot Size | 4,823 | 6,152.156 |
| Price | $610.0K | $1.34M |
| Price per sq ft | $533 | $807 |
| Built year | 1923 | 1941 |
| HOA | $0 | $238 |
| Days on market | 22 | 56 |
Pricing History
Listed for Sale
Oct 18, 2026
$610,000
Initial Listing