
Los Angeles, California 90004
This 1923 Spanish residence presents a High-Potential Investment Opportunity with a List Price of $1,499,000—positioned slightly above the $1,487,510 Fair Market Value. While the home requires modernization, its Fair Condition Rating is offset by preserved architectural character and a prime Larchmont Village location. The property offers significant ADU and Value-Add Potential through its expanded garage and spacious lot. With proximity to top-rated schools like Third Street Elementary, this is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to restore a classic home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 585 N Irving Boulevard Subject | $1,499,000* List Price | 2 | 2 | 1,576 | $967 | - |
A 547 N Irving Boulevard Sold | $1,175,000 | 2 | 2 | 1,147 | $1,024 | 0.1 mi |
B 506 N Arden Boulevard Sold | $1,750,000 | 2 | 2 | 1,664 | $1,052 | 0.4 mi |
C 313 N Norton Avenue Sold | $1,150,000 | 2 | 1 | 1,119 | $1,028 | 0.3 mi |
D 136 S Arden Boulevard Sold | $1,905,000 | 3 | 2 | 1,996 | $954 | 0.8 mi |
E 533 N Bronson Avenue Pending | $1,595,000 List Price | 3 | 2 | 2,015 | $792 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1923 Spanish home is well-maintained and features fresh interior/exterior paint, but the kitchen and bathrooms are significantly dated, appearing to be 30-50 years old. While major systems like the water heater have been updated and the home is functional, the 'as-is' condition and original hardwood floors requiring restoration place it in the fair category needing modernization.
Situated on a quiet, low-traffic street just moments from the boutiques, cafes, and Sunday farmers market of Larchmont Village, offering a highly desirable and walkable neighborhood lifestyle.
The property includes an expanded garage and a spacious backyard with a mature tree canopy, providing an excellent opportunity for a home gym, studio, or a future ADU conversion to increase equity.
This 1923 Spanish home features timeless period details, including barrel-vaulted ceilings and original hardwood floors, combined with the peace of mind of updated major systems and fresh paint.
The property is being sold in its present 'as-is' condition by a trustee, which may necessitate immediate buyer investment for cosmetic restorations like refinishing the original hardwood floors.
With only two bedrooms, the current floor plan may be restrictive for larger families or buyers requiring multiple dedicated home office spaces within the main living area.
Cherished by the same family for more than 65 years, this gated 1923 Spanish home is set on a gentle rise along a quiet, lower-traffic street in desirable Larchmont Village. Rich with original character and timeless appeal, the home presents an exceptional opportunity to enjoy as-is or reimagine to suit your style. The 2-bedroom, 2-bath floor plan features a spacious living room with a decorative fireplace and classic barrel-vaulted ceiling. At the heart of the home, the dining room opens through French doors to a permitted enclosed family room/sunroom with skylights, creating a bright and versatile living space. Freshly painted inside and out, the home has been well maintained over the years, with many major systems already updated. Original hardwood floors are ready to be restored. The expanded garage offers additional possibilities for a workshop, studio, home gym, or future ADU potential (buyer to verify). Out back, a mature tree canopy creates a peaceful setting, while the spacious yard awaits your imagination. Just moments from the boutiques, cafes, and Wednesday/Sunday farmers market of Larchmont Village, as well as the popular restaurants along Melrose and Western, the location offers the best of neighborhood living with convenient city access. Filled with period details, warmth, and opportunity, this home is being offered by the trustee and is sold in its present "as-is" condition.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 1.2 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,576 | 1,664.159 |
| Lot Size | 5,082 | 6,066.556 |
| Price | $1.50M | $1.35M |
| Price per sq ft | $951 | $806 |
| Built year | 1923 | 1939 |
| HOA | $0 | $278 |
| Days on market | 49 | 55 |
Jul 22, 2026
$1,499,000
Initial Listing