5852 S Olive, Los Angeles, California 90003, Los Angeles, 90003 - 4 bed, 3 bath
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Los Angeles, California 90003
This Value-Add Residential Asset represents a High-Potential Investment Opportunity with a List Price of $525,000—positioned well below the $543,073 Fair Market Value by 3%. This valuation gap provides $18,073 in Instant Equity for buyers prepared to address its Condition Rating of 5. Featuring rear bonus rooms, a large driveway, and rare alley access near the 110 Freeway, the property offers significant upside through the modernization of its 1907 systems. It is a prime project for Fix-and-Flip Investors or Contractors seeking forced appreciation in a well-connected Los Angeles corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5852 S Olive Subject | $525,000* List Price | 4 | 3 | 1,450 | $375 | - |
A 205 E 64th Sold | $610,000 | 3 | 2 | 1,500 | $407 | 0.6 mi |
B 5907 S Olive Street Sold | $400,000 | 3 | 1 | 1,244 | $322 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1907, this property requires substantial rehabilitation to meet modern standards. While the flooring has been updated, the kitchen and bathrooms feature dated, budget-grade finishes and appliances. Visual evidence shows concerning makeshift electrical wiring and cooling solutions, and the listing description explicitly frames the home as a 'starting point' for improvements. Significant discrepancies in square footage and room counts further suggest unpermitted modifications and the need for major system overhauls.
The property includes rear bonus rooms that offer versatile options for a home office, guest quarters, or additional storage, maximizing the utility of the lot.
Featuring a large driveway complemented by rare alley access, the home provides ample off-street parking and convenient entry points, which is a significant asset in Los Angeles.
Situated with immediate proximity to the 110 Freeway, this residence offers excellent connectivity for easy commuting to Downtown LA and surrounding metropolitan areas.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1450, other record living area = 1038. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
Built in 1907 and marketed as a 'starting point' for improvements, the property likely requires substantial capital investment to modernize its century-old systems and finishes.
Given the age of the home and the lack of mentioned upgrades to major utilities, buyers should expect potential challenges with older plumbing, electrical, and climate control systems.
Discover this spacious Los Angeles home, conveniently located near the 110 Freeway for easy commuting. Featuring 4 bedrooms and 3 bathrooms across approximately 1,450 square feet, this property offers a great opportunity for buyers to make it their own. The home features updated flooring throughout, providing a solid starting point for further improvements. With a functional layout and generous living space, there’s plenty of potential to customize and add value. Outside, the large driveway offers ample parking, complemented by alley access for added convenience. The rear bonus rooms provide flexible space that can be used for a home office, guest quarters, or additional storage. Whether you're a homeowner looking to personalize your space or an investor seeking potential, this property presents a unique opportunity in a well-connected Los Angeles location
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 79% |
| Baths | 3.0 | 1.5 | 93% |
| Square foot | 1,450 | 1,098 | 79% |
| Lot Size | 5,040 | 5,184.5 | 38% |
| Price | $525.0K | $607.5K | 33% |
| Price per sq ft | $362 | $523 | 17% |
| Built year | 1907 | 1923 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 201 | 5% |
Apr 10, 2026
$525,000
Initial Listing
Mar 12, 1996
$135,000
Public Record