814 5th Avenue, Los Angeles, California 90005, Los Angeles, 90005 - 4 bed, 2 bath
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814 5th Avenue
Los Angeles, California 90005
ACTIVE
CONDITION: POOR
4Beds
2Baths
2,250Sq Ft
7,190Lot Size
Property Price
LIST PRICE$1,200,000
EST. MARKET VALUE
$1,247,087
3% BelowMARKET VALUE
SUMMARY
This 1923 Tudor Revival residence represents a High-Potential Investment Opportunity with a List Price of $1,200,000—positioned well below the $1,247,088 Fair Market Value by 3%. This valuation gap offers $47,088 in Instant Equity for buyers. Featuring a Fair Condition Rating and LAR1-zoned lot, the property provides significant value-add potential through renovation and ADU development. Located in a "Walker's Paradise," this is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a high-demand project.
Estimated Market Value
$1,247,087+$47,087 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 814 5th Avenue Subject | $1,200,000* List Price | 4 | 2 | 2,250 | $554 | - |
A 717 S Bronson Avenue Sold | $1,480,000 | 4 | 2 | 2,706 | $547 | 0.2 mi |
B 849 3rd Avenue Sold | $1,335,000 | 4 | 3 | 2,036 | $656 | 0.1 mi |
C 738 S Norton Avenue Sold | $1,200,000 | 3 | 3 | 2,030 | $591 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1923 (100+ years old) with no evidence of recent renovations to major systems, kitchen, or baths. The listing explicitly states the property 'needs TLC' and is being sold 'AS IS,' targeting investors and contractors for a full renovation project.
PROSSTRENGTHS & OPPORTUNITIES
- Historic Architectural Charm
This 1923 Tudor Revival residence features distinctive steep gables and timeless storybook architecture, offering a unique character that is highly sought after in the historic Wilshire Park neighborhood.
- Exceptional Walkability
Boasting a Walk Score of 91, the property is a 'Walker's Paradise' located in the heart of Mid-Wilshire, providing immediate access to world-class dining, Pan Pacific Park, and cultural landmarks like LACMA.
- Significant Value-Add Potential
With a generous 7,188 SF lot and ADU potential, this property offers a versatile canvas for investors or homeowners to build equity through renovation and expansion in a high-demand area.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
The home is being sold in 'as-is' condition and requires significant TLC, which will necessitate a substantial capital investment for repairs and modernization.
- Limited Bathroom Count
For a four-bedroom residence spanning 2,250 square feet, the current layout of only two bathrooms is below modern market expectations and may require structural reconfiguration.
About 814 5th Avenue
814 5th Ave is a charming two-story Tudor Revival residence nestled in the desirable Wilshire Park neighborhood of Los Angeles. Built in 1923, the home offers four (4) bedrooms and two (2) bathrooms across 2,250 SF of living space on a generous 7,188 SF LAR1-zoned lot. Showcasing storybook-inspired architecture with distinctive steep gables, graceful rooflines, and timeless Old-World charm, this residence is full of character. Additional highlights include ADU potential (buyer to verify), no court confirmation required, and close proximity to Pan Pacific Park and West Wilshire Recreation Center, making it an exceptional opportunity to own a classic Los Angeles home. Adjacent property located at 820 5th Ave also available for sale and can be purchased separately or together. 814 5th Ave is ideally located in the vibrant Mid-Wilshire/Koreatown neighborhood. Deemed a "Walker's Paradise" with a Walk Score of 91, the home offers easy access to everyday conveniences, local cafes, and an outstanding dining scene featuring favorites like Met Her At A Bar, Quarters Korean BBQ, and BCD Tofu House. Enjoy weekends at Pan Pacific Park or West Wilshire Recreation Center, then explore nearby destinations including The Grove, the Original Farmers Market, LACMA, and the Academy Museum of Motion Pictures. Blending walkability, culture, and lifestyle, this location offers the very best of Los Angeles living. The property is in need of TLC and offers investors, contractors, or buyers an opportunity to renovate the property to their vision. Property is being sold AS IS in its present condition.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1923
- Lot Size
- 7,190 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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 |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,250 | 1,664.159 |
| Lot Size | 7,190 | 6,066.556 |
| Price | $1.20M | $1.35M |
| Price per sq ft | $533 | $806 |
| Built year | 1923 | 1939 |
| HOA | $0 | $278 |
| Days on market | 22 | 55 |
Pricing History
Listed for Sale
Aug 18, 2026
$1,200,000
Initial Listing