768 N Avenue 50, Los Angeles, California 90042, Los Angeles, 90042 - bed, 1 bath
768 N Avenue 50
Los Angeles, California 90042
Property Price
SUMMARY
Analysis of 768 N Avenue 50, Los Angeles, California 90042 is currently available with a list price of $1,099,999. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1947, the interior of this property has undergone an extensive and high-quality renovation. The visible spaces feature new hardwood flooring, modern recessed and pendant lighting, and freshly painted white walls. The kitchenette, though minimal, boasts contemporary dark cabinetry, a sleek black sink, and a modern refrigerator. The bathroom is also fully updated with a modern wall-mounted sink, toilet, and a stylish wood-slat accent wall. All components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning with the criteria for an 'excellent' condition after a recent, extensive renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Location
Highly sought-after Highland Park location on a major street, directly across from Mt. Washington and minutes from the vibrant York Blvd and Figueroa St commercial strips, offering unparalleled access to retail, dining, and galleries.
- Multifamily Zoning & Development Potential
The property boasts multifamily zoning and a 'Mixed Use' subtype, presenting significant opportunities for redevelopment, expansion, or diverse usage, enhancing its long-term investment value.
- Desirable City Lights View
Enjoy captivating city lights views, a premium amenity that significantly boosts the property's aesthetic appeal and potential market value.
CONSRISKS & DEFICIENCIES
- Limited Interior Space & Age
The existing structure is a compact 731 sqft and was built in 1947, suggesting it may require extensive modernization or is primarily valued for its land and development potential rather than the current dwelling.
- High Price Point for Existing Structure
The list price of $1.099M is substantial for the current small, older residence, implying that the primary value is in the land and its development potential, which may limit appeal to buyers not focused on redevelopment.
- Major Street Location Drawbacks
While offering excellent accessibility, its location on a 'major street' can lead to increased noise levels, traffic, and potentially reduced residential privacy, which might be a consideration for some homeowners.
About 768 N Avenue 50
Highly sought-after location on a major street in Highland Park across from Mt. Washington. Minutes to the ultra-hip York Blvd strip or Figueroa St with dozens of retail shops, restaurants, galleries and the list goes on. Zoning for multifamily, check with city to satisfy usage or development. 2 gated driveways with plenty of usable outdoor space.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1947
- Lot Size
- 4,024 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- 1 (1 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 | - | - | 50% |
| Baths | 1.0 | 0.5 | 50% |
| Square foot | 731 | 2,121 | 50% |
| Lot Size | 4,024 | 7,815.5 | 50% |
| Price | $1.10M | $1.04M | 50% |
| Price per sq ft | $1.5K | $891 | 50% |
| Built year | 1947 | 1951 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 183 | 264 | 50% |
Pricing History
Listed for Sale
Jan 8, 2026
$1,099,999
$1,199,999
-8% Price Drop
Initial Listing
Price Change
Sep 4, 2025
$1,199,999
Initial Listing
Sold
Oct 7, 2021
$715,000
Public Record
Sold
Oct 25, 2013
$240,000
Public Record