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742 Schumacher Drive, Los Angeles, California 90048, Los Angeles, 90048 - 4 bed, 3 bath

742 Schumacher Drive, Los Angeles, California 90048 home-pic-0
ACTIVE$3,900,000
742 Schumacher Drive, Los Angeles, California 90048
4Beds
3Baths
2,674Sqft
12,973Lot
Year Built
1928
Close
-
List price
$3.9M
Original List price
$4.9M
Price/Sqft
$1,458
HOA
-
Days on market
-
Sold On
-
MLS number
24409865
Home ConditionPoor
Features
Pool
Patio
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $3.90M(77th), sqft - 2674(60th), beds - 4(50th), baths - 3(50th).

Massive double lot in the great neighborhood of Carthay Circle. Almost one-third of an acre. Original Tudor. Leaded glass throughout. Original finishings. Needs updating and renovation, but a rare find in this community. Land plus, plus, plus. Swimming Pool. Huge Backyard, possibly suitable for major expansion or guest unit. Beautiful wood-beamed ceilings and wood flooring. 2 wood-burning Fireplaces one in the Living Room and one in the Family Room. Outdoor brick barbecue. New Kitchen in the works. Formal Dining Room. Living Room. Family Room, 4 Bedrooms and 3 Bathrooms. There are no above-ground electrical wires or telephone poles in Carthay Circle. A little over 128 feet of frontage on Schumacher Drive per Public Records! (Buyer to verify.) Don't let this property slip by your buyers. Property is being sold AS-IS. Zoned LAR2 (Buyer to confirm.). Property is in Carthay Circle HPOZ,

Condition Rating
Poor
Built in 1928, this property retains many original features and is explicitly described as needing 'updating and renovation,' being sold 'AS-IS.' The images confirm an extremely outdated kitchen and bathrooms, requiring full rehabilitation. While the original wood flooring and beamed ceilings offer character, they also require restoration. Major systems (electrical, plumbing, HVAC) are likely original or very old, necessitating substantial repairs and replacements to meet modern standards, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12973, living area = 2674.
Exceptional Lot Size & Development Potential: A massive double lot, almost one-third of an acre (12,973 sqft) with 128+ feet of frontage and LAR2 zoning, offers significant expansion possibilities or potential for additional units, a rare find in this prime Los Angeles neighborhood.
Prime Carthay Circle Location: Situated in the highly desirable Carthay Circle HPOZ, known for its architectural integrity, central Los Angeles location, and proximity to key amenities.
Historic Architectural Charm: Retains original 1928 Tudor architecture with distinctive features such as leaded glass, beautiful wood-beamed ceilings, and wood flooring, providing unique character and appeal.
Existing Amenities: The property includes a swimming pool, a huge backyard, two wood-burning fireplaces (in Living and Family Rooms), and an outdoor brick barbecue, enhancing lifestyle and entertainment options.
Aesthetic Streetscape: The absence of above-ground electrical wires or telephone poles in Carthay Circle contributes to a clean, uncluttered, and visually appealing neighborhood environment.

Cons

Extensive Renovation Required: The property explicitly 'needs updating and renovation,' indicating a substantial investment in time and capital will be necessary to modernize and bring it to current standards.
Sold 'As-Is' Condition: Being sold in 'AS-IS' condition places the full burden of all necessary repairs, upgrades, and potential unforeseen issues squarely on the buyer, with no seller concessions for condition.
HPOZ Renovation Restrictions: Located within the Carthay Circle HPOZ, any significant exterior renovations or expansions will be subject to strict historical preservation guidelines, potentially increasing costs and limiting design flexibility.

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