742 Schumacher Drive, Los Angeles, California 90048, Los Angeles, 90048 - 4 bed, 3 bath
742 Schumacher Drive
Los Angeles, California 90048
Property Price
SUMMARY
Analysis of 742 Schumacher Drive, Los Angeles, California 90048 reveals a property with a current list price of $3,215,000, which is 8% above the estimated $2,958,977 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 742 Schumacher Drive Subject | $3,215,000* List Price | 4 | 3 | 2,674 | $1,107 | - |
A 6119 Del Valle Drive Active | $2,375,000 List Price | 4 | 2 | 2,700 | $880 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1928 with 'original finishings,' this property requires substantial repairs and rehabilitation. The kitchen and bathrooms are severely outdated, as evidenced by the images showing peeling cabinets, old countertops, and vintage pink/peach tiles and fixtures, necessitating full renovation. The listing explicitly states it 'Needs updating and renovation' and 'extensive renovation required,' and is being sold 'AS-IS.' While the property retains original Tudor charm and wood flooring, these elements are worn and require significant restoration. The overall condition of critical living spaces would be very uncomfortable for modern living without major investment.
PROSSTRENGTHS & OPPORTUNITIES
- 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.
- Expansive Double Lot & Development Potential
A rare, nearly one-third acre double lot (12,973 sqft) in a prime Los Angeles neighborhood, zoned LAR2, offering significant potential for expansion, an ADU, or even a duplex.
- Historic Tudor Charm & Original Details
Features an original 1928 Tudor architecture with leaded glass, beautiful wood-beamed ceilings, wood flooring, and two wood-burning fireplaces, preserving its unique character.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
The property 'needs updating and renovation' and features 'original finishings,' indicating a significant financial and time investment will be necessary to modernize.
- Sold 'As-Is' Condition
Being sold 'AS-IS' means the buyer assumes full responsibility for all repairs and upgrades, with no seller contributions, potentially uncovering unforeseen issues.
- HPOZ Renovation Restrictions
Located within the Carthay Circle HPOZ, which may impose strict guidelines and limitations on exterior and potentially interior modifications, adding complexity and cost to renovation plans.
About 742 Schumacher Drive
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,
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1928
- Lot Size
- 12,973 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,674 | 2,336 | 58% |
| Lot Size | 12,973 | 6,182 | 98% |
| Price | $3.21M | $2.64M | 62% |
| Price per sq ft | $1.2K | $1.1K | 68% |
| Built year | 1928 | 1929 | 49% |
| HOA | $0 | $0 | 50% |
| Days on market | 92 | 176 | 15% |
Pricing History
Listed for Sale
Feb 28, 2026
$3,215,000
$3,190,000
+1% Price Increase
Initial Listing
Price Change
Dec 4, 2025
$3,190,000
Initial Listing