
Los Angeles, California 90036
This property presents a Strong Value Opportunity with a List Price of $1,249,000—positioned well below the $1,322,552 Fair Market Value by 5%. This valuation gap offers $73,552 in Instant Equity. Featuring a Condition Rating of 2, the home includes a fully permitted ADU and major system upgrades, minimizing renovation risk. Located in a highly walkable neighborhood near top-rated schools like Third Street Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a bespoke, high-upside sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7170 Rosewood Avenue Subject | $1,249,000* List Price | 2 | 3 | 1,369 | $966 | - |
A 7471 Clinton Street Sold | $1,210,000 | 3 | 2 | 1,254 | $965 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive high-end renovation within the last year, including new electrical, plumbing, and structural systems. It features a fully completed modern ADU and high-end finishes in the main house, qualifying it as a near-mint renovation under 5 years old.
The property includes a completely finished and permitted ADU with its own address, offering immediate versatility for rental income, a creative studio, or a guest house.
Major high-cost items including new electrical, plumbing, structural repairs, and windows are already completed, significantly reducing the risk and timeline for the final build-out.
Situated in a highly sought-after pocket near Melrose and La Brea, the property boasts exceptional walkability to premier dining, shopping, and entertainment.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1369, other record living area = 1019.
The main residence requires cosmetic finishing, which may limit financing options to renovation-specific loans and requires a buyer ready to manage the final construction phase.
With a lot size of under 3,000 square feet and two structures on-site, there is very little remaining yard space for traditional outdoor amenities or landscaping.
A rare opportunity to complete a breathtaking retreat with a finished, permitted ADU in the heart of one of Los Angeles' most vibrant and walkable neighborhoods. Ideally located just moments from everything on Melrose, La Brea, and Beverly Boulevard, this character-filled residence offers timeless architecture, abundant natural light, and the chance to create a truly exceptional home without the delays, uncertainty, and expense of starting from scratch. Framed by beautiful oversized windows and rich architectural integrity, the home has already undergone the most challenging and costly stages of renovation. The remaining scope is largely cosmetic offering the opportunity to personalize finishes and design details. Plans and permits have been secured, major systems have been upgraded, and the property's bones have been meticulously restored saving the next owner months of time and significant capital. Why spend a year navigating permits, contractors, and construction when the heavy lifting has already been done? Extensive improvements include new electrical and plumbing systems, replaced windows and doors, refinished hardwood floors, new insulation, recessed lighting, waterproofing, structural and beam repairs, rebuilt walls and closets, a new skylight, water filtration system, EV charger, and newly completed driveway. Custom kitchen cabinetry has already been designed, built, and painted and is included in the sale, along with purchased appliances, front door, approved plans, permits, renderings, and finish selections. Adding tremendous value and flexibility is a fully completed and permitted ADU with its own address ideal as a guest house, rental unit, creative studio, home office, gym, or income-producing asset. Rarely available, the ADU benefits from grandfathered positioning on the lot, creating a unique advantage that would be difficult to replicate today. Additional storage and flex space further enhance the property's versatility. Whether you're an investor seeking a high-upside project or an owner-user dreaming of a bespoke sanctuary, this is an opportunity rarely found in today's market. The permits are approved, the vision is established, and the hard work is complete. All that's left is to bring it across the finish line and enjoy the rewards.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.1 mi
Grades K-6 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,369 | 1,672 |
| Lot Size | 2,915 | 6,067 |
| Price | $1.25M | $1.37M |
| Price per sq ft | $912 | $801 |
| Built year | 1926 | 1939 |
| HOA | $0 | $348 |
| Days on market | 23 | 56 |
Jun 29, 2026
$1,249,000
Initial Listing
Nov 8, 2018
$1,200,000
Public Record
May 5, 2003
$440,000
Public Record
Feb 9, 2001
$240,000
Public Record
Dec 29, 1995
$179,000
Public Record