
Los Angeles, California 90012
This Spacious Traditional Home represents a High-Potential Investment Opportunity, listed at $999,000—positioned well above the $957,474 Fair Market Value by 4%. Despite the premium, the property features Extensive Modern Upgrades and a Condition Rating of 2, ensuring a turn-key experience. The unique Basement Bonus Space and LAR3 Zoning provide significant long-term development upside. While local school ratings are modest, the proximity to DTLA and Echo Park offers strong lifestyle appeal. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, well-maintained asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 731 Coronel Street Subject | $999,000* List Price | 3 | 2 | 1,380 | $694 | - |
A 812 Alpine St Pending | $719,000 List Price | 3 | 1 | 1,252 | $574 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1900 build date, the property has undergone a comprehensive recent renovation including a newer roof, HVAC, electrical panel, plumbing, and tankless water heater. The kitchen and bathrooms feature modern finishes and newer appliances, making it a turn-key, low-maintenance home.
Despite its 1900 origin, the home features comprehensive updates including a newer roof, updated electrical and plumbing, tankless water heater, and modern HVAC, significantly reducing immediate capital expenditure for a buyer.
The unique basement provides substantial additional space for a home office, gym, or studio that is not captured in the official 1,380 square footage, offering exceptional functional value.
The property is situated on a flat lot with LAR3 zoning in a high-demand area near Echo Park and DTLA, providing significant long-term investment upside for future expansion or multi-unit development.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1380, other record living area = 1056. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
At 3,529 square feet, the lot is relatively small, which may limit private yard space once the three-car gated parking and the home's footprint are accounted for.
The assigned public schools, such as Logan Street Elementary and Belmont Senior High, carry low performance ratings (2/10 and 3/10 respectively), which could be a deterrent for families prioritizing education.
Amazing deal under $1M in one of Los Angeles' most sought-after neighborhoods! Charming traditional home has 3 bedroom, 2- home, beautifully set on a flat lot on a quiet cul-de-sac street near the coveted neighborhoods of Angelino Heights and Victor Heights. Light, bright, and inviting, this wonderful home features beautiful hardwood floors, an open-concept kitchen, abundant natural light, and a warm, comfortable floor plan ready for your personal touches. The spacious, fully enclosed flat backyard is perfect for entertaining, relaxing, gardening, or creating your own private LA oasis. Thoughtfully upgraded with updated electrical and plumbing, a security system with cameras, an upgraded kitchen with newer appliances, newer AC/heating, newer roof, tankless water heater, upgraded electrical panel, cellular shades, interior and exterior paint, and drought-resistant landscaping. One of the home's most unique features is its basement, offering incredible additional space for storage, a home office, creative studio, gym, or quiet getaway. The basement square footage is not included in the reported living area, Zoned LAR3, room for 3 car gated parking off the street, tons of outdoor space. Just minutes from Downtown Los Angeles, Elysian Park, Silver Lake, Echo Park Lake, and major freeways. An incredible value. This will go quick!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-6 • 0.8 mi
Grades K-6 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,380 | 1,664.159 |
| Lot Size | 3,529 | 6,066.556 |
| Price | $999.0K | $1.35M |
| Price per sq ft | $724 | $806 |
| Built year | 1900 | 1939 |
| HOA | $0 | $278 |
| Days on market | 28 | 55 |
Aug 12, 2026
$999,000
Initial Listing
Mar 14, 2023
$750,000
Public Record
Aug 6, 2012
$345,000
Public Record