6464 Colgate Avenue, Los Angeles, California 90048, Los Angeles, 90048 - 3 bed, 2 bath
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Los Angeles, California 90048
This 1930s Spanish-style residence is a High-Potential Investment Asset listed at $1,995,000—positioned below the $2,023,998 Fair Market Value by 1%. This valuation gap provides $28,998 in Instant Equity for buyers ready to execute a comprehensive renovation. With a Condition Rating of 5, the home is a blank canvas for redevelopment on a 6,049 sq foot LAR1 lot. Boasting a City Lights view and proximity to West Hollywood Elementary (9/10), this is a strategic acquisition for Fix-and-Flip Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6464 Colgate Avenue Subject | $1,995,000* List Price | 3 | 2 | 2,443 | $850 | - |
A 6451 Maryland Drive Sold | $2,275,000 | 3 | 2 | 2,171 | $1,048 | 0.2 mi |
B 138 S La Jolla Avenue Sold | $1,590,000 | 3 | 2 | 1,644 | $967 | 0.3 mi |
C 6571 Colgate Avenue Sold | $1,670,000 | 3 | 2 | 1,676 | $996 | 0.2 mi |
D 6255 Del Valle Drive Sold | $1,725,000 | 4 | 3 | 2,357 | $732 | 0.5 mi |
E 331 N Sweetzer Avenue Sold | $1,950,000 | 3 | 3 | 2,194 | $889 | 0.6 mi |
F 360 N Edinburgh Avenue Active | $1,795,000 List Price | 4 | 2 | 2,058 | $872 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1930 and sold in 'As Is' condition, the property is described as a 'blank canvas' requiring a comprehensive overhaul and extensive renovation. The listing explicitly mentions the need for modernization and reimagination, indicating significant deferred maintenance and outdated systems typical of a major fixer-upper or redevelopment project.
Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
Situated in one of Los Angeles' most desirable neighborhoods, the property offers unparalleled proximity to The Grove, Beverly Center, and Cedars-Sinai, ensuring high demand and long-term appreciation.
With a generous 6,049 square foot lot and LAR1 zoning, this property presents a rare opportunity for a high-end restoration or a complete redevelopment in a block already defined by luxury new construction.
The property is being sold in 'as-is' condition and requires a comprehensive overhaul, which will necessitate significant additional capital investment and a lengthy construction timeline.
At a list price of nearly $2 million for a home needing major work, the initial acquisition cost may limit the profit margins for investors or require a substantial budget from end-users.
Located on one of Beverly Grove's most compelling and evolving blocks, 6464 Colgate Avenue presents a rare opportunity to own a classic 1930 Spanish style residence with significant upside. Built in 1930 per public records, this soulful home reflects the romance and architectural charm of early Los Angeles, set among a streetscape now defined by a striking mix of restored period homes and bold new construction.Ideally located just minutes from the Beverly Center, The Grove, Melrose Avenue, Sunset Boulevard, and Cedars Sinai Medical Center, the property offers exceptional access to some of Los Angeles's most vibrant shopping, dining, cultural, and medical hubs, further enhancing both lifestyle appeal and long term value.Colgate Avenue has undergone a quiet transformation in recent years, with multiple new builds and major renovations reshaping the block. This creates a unique setting and a rare chance for a buyer with vision, either to restore and elevate a classic Spanish residence or to pursue a new build or major reimagination consistent with nearby redevelopment.Inside, the home reflects decades of evolution, with portions of the interior retaining hints of original character alongside later period updates. The residence is in need of renovation, offering a true blank canvas for a buyer to modernize while honoring the original Spanish style, or to explore a more comprehensive redevelopment opportunity.For the end user, this is a chance to bring new life to a heritage home and create something truly special. For the builder or investor, the underlying fundamentals are equally compelling, a substantial residence footprint on a generously sized lot, in a neighborhood where demand for new and reimagined homes remains strong.Property details per public records. Three bedrooms, Two bathrooms, Approximately 2,443 square feet, Approximately 6,049 square foot lot, Built in 1930, LAR1 zoning Whether restored, expanded, or completely reimagined, 6464 Colgate Avenue represents a rare opportunity to secure a legacy property on one of Mid City West's most dynamic and desirable streets. *Property being sold "As Is" Incredible Opportunity to reimagine!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.7 mi
Grades K-6 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 29% |
| Square foot | 2,443 | 2,194 | 55% |
| Lot Size | 6,051 | 6,051 | 50% |
| Price | $2.00M | $2.50M | 31% |
| Price per sq ft | $817 | $1.1K | 14% |
| Built year | 1930 | 1928 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 78 | 173 | 24% |
Feb 3, 2026
$1,995,000
Initial Listing