757 Malcolm Avenue, Los Angeles, California 90024, Los Angeles, 90024 - 4 bed, 4 bath
ACTIVE$2,995,000$3,177/sqft
Est. Value: $2,872,799
-4%
AboveEstimate
757 Malcolm Avenue, Los Angeles, California 90024
4Beds
4Baths
3,177Sqft
7,267Lot
Price Vs. Estimate
The estimated value ($2,872,799.46) is $122,200.54 (4%) lower than the list price ($2,995,000). This property may be overpriced.
Key pros and cons
Top Pros:
Great Schools: Elementary School: Fairburn Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
Top Cons:
Unpermitted Garage Conversion: The garage has been converted into an unpermitted artist studio, which will require significant attention for compliance, potential remediation, or re-conversion, adding cost and complexity for the buyer.
Compared to the nearby listings
Price:$3.00M vs avg $3.33M ($-330,000)30%
Size:3,177 sqft vs avg 2,933 sqft59%
Price/sqft:$943 vs avg $1.2K16%
More Insights
Built in 1929 (97 years old).
Condition: Built in 1929 and on the market for the first time in 33 years, this property requires substantial rehabilitation. The kitchen features very dated tile countertops, older cabinetry, and a mix of appliances, indicating a full renovation is needed. While the home retains its classic Spanish Revival charm with original architectural details like Saltillo floors and wood beams, the description explicitly notes 'Potential for Extensive Updates' for major systems (electrical, plumbing, HVAC) and an 'Unpermitted Garage Conversion.' These factors, combined with the aged interior finishes, push the property into the 'poor' category, signifying a need for significant investment to meet modern standards and address compliance issues.
Year Built
1929
Close
-
List price
$3M
Original List price
$3M
Price/Sqft
$943
HOA
-
Days on market
-
Sold On
-
MLS number
25630587
Home ConditionPoor
Features
Deck
Patio
View-
About this home
Classic Spanish Revival located in Little Holmby. First time on the market in almost 33 years. This 4BR+4BA home is approximately 3,177sf on a 7,276sf lot. Formal entry with Saltillo tiled floors. Grand formal living room with wood beams, stenciled ceiling, French doors and large picture window. Den features coffered ceilings with wet bar. Formal dining room leads to the large eat-in kitchen with access to the West facing backyard. 3 bedrooms upstairs and one bedroom downstairs. Garage was turned into an unpermitted artist studio. Tons of potential. Warner Avenue Elementary.
M
Michael Nourmand
Listing Agent
Nearby schools
9/10
Warner Avenue Elementary School
Public,•K-5•0.3mi
9/10
Fairburn Avenue Elementary School
Public,•K-5•0.7mi
7/10
Nora Sterry Elementary School
Public,•K-5•1.7mi
5/10
Brentwood Science School
Public,•K-5•2.4mi
8/10
El Rodeo Elementary School
Public,•K-8•1.4mi
3/10
Daniel Webster Middle School
Public,•6-8•2.6mi
9/10
Beverly Hills High School
Public,•9-12•1.6mi
6/10
University Senior High School Charter
Public,•9-12•2.0mi
6/10
University Senior High School
Public,•9-12•2.0mi
Price History
Date
Event
Price
12/28/93
Sold
$825,000
Condition Rating
Poor
Built in 1929 and on the market for the first time in 33 years, this property requires substantial rehabilitation. The kitchen features very dated tile countertops, older cabinetry, and a mix of appliances, indicating a full renovation is needed. While the home retains its classic Spanish Revival charm with original architectural details like Saltillo floors and wood beams, the description explicitly notes 'Potential for Extensive Updates' for major systems (electrical, plumbing, HVAC) and an 'Unpermitted Garage Conversion.' These factors, combined with the aged interior finishes, push the property into the 'poor' category, signifying a need for significant investment to meet modern standards and address compliance issues.
Pros & Cons
Pros
Great Schools: Elementary School: Fairburn Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
Prestigious Little Holmby Location: Situated in the highly desirable Little Holmby neighborhood, offering an excellent quality of life and strong property values within the Westwood-Century City area.
Timeless Spanish Revival Architecture: Features classic Spanish Revival design elements such as Saltillo tiled floors, wood beams, and stenciled ceilings, providing unique character and curb appeal.
Top-Rated School District Access: Zoned for the highly-regarded Warner Avenue Elementary School (rated 9), a significant advantage for families seeking excellent educational opportunities.
Significant Renovation Potential: First time on the market in almost 33 years, presenting a rare opportunity for a buyer to customize and modernize, unlocking substantial value in a prime location.
Generous Living Space & Functional Layout: Offers a spacious 3,177 sqft with 4 bedrooms and 4 bathrooms, including formal living and dining rooms, a den with a wet bar, and a flexible downstairs bedroom.
Cons
Unpermitted Garage Conversion: The garage has been converted into an unpermitted artist studio, which will require significant attention for compliance, potential remediation, or re-conversion, adding cost and complexity for the buyer.
Potential for Extensive Updates: Built in 1929 and held by the same owner for decades, the property likely requires substantial investment in modernizing systems (electrical, plumbing, HVAC) and interior finishes to meet current luxury standards.
Implied As-Is Condition: The description 'Tons of potential' often signals that the property is being sold largely as-is, implying that buyers should anticipate and budget for considerable renovation and repair work.