787 Terrace 49, Los Angeles, California 90042, Los Angeles, 90042 - 3 bed, 2 bath
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Los Angeles, California 90042
This Highland Park Investment Asset is listed at $798,000, currently priced above the $729,715 Fair Market Value. Marketed exclusively as a "cash-only" flip, the property’s core value is driven by its High Available Lot Utilization, featuring an expansive 8,469 sq ft lot with Scenic Mountain Views. With a Condition Rating of 5, the structure requires a comprehensive renovation, yet the hillside location and permitted open deck provide a rare foundation for a private compound. This is a strategic acquisition for Fix-and-Flip Investors or Developers targeting high-demand Los Angeles neighborhoods.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 787 Terrace 49 Subject | $798,000* List Price | 3 | 2 | 1,200 | $608 | - |
A 459 Holland Avenue Sold | $740,000 | 3 | 1 | 1,125 | $658 | 0.4 mi |
B 240 N Avenue 49 Active | $734,000 List Price | 2 | 1 | 1,041 | $705 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1936 property is explicitly marketed as a 'flip opportunity' to be sold 'as-is' and 'cash only,' indicating it does not meet standard habitability or financing requirements. Exterior images reveal a property in the midst of major unfinished work, featuring tarps covering the hillside, incomplete cinder block retaining walls, and significant debris. The lack of interior photos and the description's call for a 'complete renovation' confirm that major systems and structural components likely require substantial repair or replacement.
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.
Situated in a highly sought-after neighborhood near York and Figueroa Blvd, the property offers excellent proximity to trendy dining, shopping, and major hubs like DTLA and Pasadena.
The oversized 8,469 sq ft hillside lot provides a rare opportunity for investors to create a private compound or explore ADU potential in a high-demand area.
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.
Marketed as a 'flip opportunity' in 'as-is' condition, the home requires a complete overhaul, necessitating substantial capital investment and construction expertise.
The 'All Cash Only' requirement significantly limits the buyer pool by excluding traditional mortgage-backed purchasers, catering strictly to liquid investors.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,200 | 1,412 | 36% |
| Lot Size | 8,469 | 5,424 | 89% |
| Price | $798.0K | $1.23M | 11% |
| Price per sq ft | $665 | $890 | 19% |
| Built year | 1936 | 1924 | 61% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 175 | 2% |
Mar 19, 2026
$798,000
Initial Listing
May 17, 2007
$520,000
Public Record