
Los Angeles, California 90042
This property presents a High-Potential Investment Opportunity with a List Price of $699,000—positioned well below the $716,449 Fair Market Value by 2%. This valuation gap offers $17,449 in Instant Equity for buyers. Featuring a Condition Rating of 5, the home requires significant structural remediation and permit legalization. However, the expansive 8,469 sq. ft. lot and panoramic hillside views provide a massive canvas for value-add development. This is a high-reward acquisition ideal for Fix-and-Flip Investors or Contractors.
Property is extensive renovation needed.
Built in 1936, this property is a major rehab project. Interior photos show significant safety and structural concerns, including exposed wall studs in the kitchen and bathroom, a large hole in the ceiling, and unpermitted additions. The listing explicitly states it is an 'as-is' value-add opportunity for flippers and builders.
The expansive 8,469 sq. ft. lot provides significant privacy and ample space for future expansion, development, or the addition of an ADU in a high-demand NELA pocket.
The property features a wraparound deck offering sweeping mountain, hillside, and tree-top views, which significantly enhances the property's aesthetic appeal and market value.
While public records show a smaller home, the existing multi-level 4-bedroom, 4-bathroom configuration offers a massive canvas for investors to reconfigure and legalize for maximum ROI.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 8009, other record living area = 870. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 1.
The significant discrepancy between the 1-bedroom public record and the 4-bedroom physical layout suggests unverified additions that may require costly city approvals or remediation.
Sold strictly as-is, the property likely requires substantial capital expenditure to address deferred maintenance and bring the structure up to modern standards.
Positioned on an expansive, oversize lot featuring sweeping panoramic mountain, hillside, and tree-top views, this Mount Washington property represents an extraordinary value-add opportunity for all-cash savvy investors, flippers, builders, and visionaries! The generous lot provides ample outdoor space, incredible privacy, and tremendous room for expansion, future development, or potential ADU additions. Public records reflect a 1-bedroom, 1-bathroom home of approx. 870 sq. ft., however, the existing physical footprint features a versatile multi-level layout currently configured with 4 bedrooms and 4 bathrooms. While these extensive additions completed over time may not have verified permits or final city approvals, they offer a massive existing footprint and a remarkable canvas to reconfigure, legalize, or completely transform in one of NELA’s most desirable pockets. Highlights include a sweeping wraparound view deck ideal for indoor/outdoor entertaining, updated dual-pane windows, and distinct living quarters across multiple levels. Minutes to Highland Park, Eagle Rock, Downtown LA, and vibrant local dining. Property is being sold strictly in AS-IS condition, and it is a short sale which is subject to the seller's lender's approval. Buyer and Buyer's Agent to independently verify all aspects of the property, including but not limited to room count, square footage, permit status, legal use, zoning, lot size/boundaries, and overall condition.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,009 | 1,664.159 |
| Lot Size | 8,469 | 6,066.556 |
| Price | $699.0K | $1.35M |
| Price per sq ft | $348 | $806 |
| Built year | 1936 | 1939 |
| HOA | $0 | $278 |
| Days on market | 44 | 55 |
Aug 12, 2026
$699,000
$784,900
-11% Price Drop
Initial Listing
Jul 27, 2026
$784,900
Initial Listing
May 17, 2007
$520,000
Public Record