787 Terrace 49, Los Angeles, California 90042, Los Angeles, 90042 - 3 bed, 2 bath
787 Terrace 49
Los Angeles, California 90042
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 787 Terrace 49 Subject | $839,000* List Price | 3 | 2 | 1,200 | $625 | - |
A 459 Holland Avenue Sold | $740,000 | 3 | 1 | 1,125 | $658 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1936, this property is explicitly marketed as a 'flip opportunity' and 'complete renovation' project. Sold 'as-is' and 'cash only,' the home requires substantial rehabilitation of all major systems, including the kitchen and bathrooms, to meet modern living standards.
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 = 8469, living area = 1200.
- Prime Investment Location
Situated in the highly sought-after Highland Park area, the property is minutes from the trendy dining and retail corridors of York and Figueroa Blvds, ensuring strong resale demand.
- Significant Development Potential
The oversized 8,469 sq ft hillside lot features mountain views and a permitted deck, offering a rare footprint to create a high-value private compound or a premium renovation.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1200, other record living area = 870. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 1.
- Restrictive Financing Terms
The 'Cash Only' requirement significantly limits the potential buyer pool by excluding traditional mortgage-backed homeowners and focusing strictly on liquid investors.
- Extensive Rehabilitation Required
Sold in 'as-is' condition as a total flip opportunity, the property necessitates a complete renovation and substantial capital injection to address its 1936-era infrastructure.
About 787 Terrace 49
Fantastic FLIP opportunity! Positioned in one of Los Angeles' most ideally-located neighborhoods. Attention investors this home sits on a spacious sized lot with 8,469 sq ft., offering incredible potential for a complete renovation or a flip. A standout feature of this property is the long driveway, providing ample parking for multiple cars. Even further it is set on a hillside with views of the mountains from the permitted open deck. It has the elements to create your own private compound. This home is just a short distance from both York and Figueroa Blvd, where you can enjoy a variety of restaurants, coffee shops, stores, schools, parks, and more. It's also a short drive to Pasadena, Downtown L.A., and Occidental College. Easy access to major highways, you're well-connected to the best that Highland Park and the surrounding areas have to offer. !!!!!!! PROPERTY TO BE SOLD "AS IS"CONDITIONS. ALL "CASH ONLY". Please research the property before submitting any offers and do not submit blind offers! All offers will be shown to the seller.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1936
- Lot Size
- 8,469 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,200 | 1,350 | 39% |
| Lot Size | 8,469 | 5,401 | 87% |
| Price | $839.0K | $1.20M | 18% |
| Price per sq ft | $699 | $882 | 25% |
| Built year | 1936 | 1925 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 102 | 176 | 12% |
Pricing History
Listed for Sale
Feb 22, 2026
$839,000
$849,000
-1% Price Drop
Initial Listing
Price Change
Dec 12, 2025
$849,000
$889,000
-4% Price Drop
Initial Listing
Price Change
Nov 24, 2025
$889,000
Initial Listing
Sold
May 17, 2007
$520,000
Public Record