816 Terrace 49, Los Angeles, California 90042, Los Angeles, 90042 - 3 bed, 2 bath
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Los Angeles, California 90042
This Dual-Living Residential Compound is a Strong Value Opportunity, listed at $1,100,000—positioned well below the $1,184,967 Fair Market Value by 7%. This valuation gap provides $84,967 in Instant Equity for a property with an Excellent Condition Rating following a comprehensive 2022 renovation. Featuring two separate, fully equipped homes with Quartz Countertops, Marble Finishes, and Mountain Views, the layout offers unmatched flexibility within the Los Angeles Unified district. This turnkey asset is ideal for Owner-Occupants seeking rental income or Multi-Generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 816 Terrace 49 Subject | $1,100,000* List Price | 3 | 2 | 1,385 | $856 | - |
A 5120 Echo Street Sold | $1,310,000 | 3 | 2 | 1,290 | $1,016 | 0.8 mi |
B 1113 N Avenue 50 Sold | $837,500 | 2 | 1 | 898 | $933 | 0.4 mi |
C 623 N Avenue 53 Active | $1,350,000 List Price | 4 | 2 | 1,579 | $855 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1900, the property underwent an extensive and comprehensive renovation completed in 2022, placing it within the 5-year window for an excellent rating. The renovation included structural improvements like new subflooring, updated copper plumbing, and modern mini-split HVAC systems. The interiors feature high-end finishes including waterproof vinyl flooring, marble bathroom floors, quartz kitchen countertops, and premium appliances from brands like LG, GE Profile, and Zephyr, indicating that all components are virtually new with no deferred maintenance.
The property features two fully equipped, separate homes on one lot, offering exceptional flexibility for multi-generational living, rental income potential, or a dedicated professional creative studio.
Extensively remodeled in 2022, the homes feature high-end finishes including quartz countertops, marble backsplashes, updated copper plumbing, and energy-efficient mini-split climate control systems.
Perfectly positioned on the border of Mount Washington and Highland Park, the property provides immediate access to vibrant local art galleries, diverse dining, and the Metro Gold Line.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1385, other record living area = 881.
The 3,033 square foot lot is relatively small for hosting two separate dwellings, which significantly limits private outdoor space and yard utility.
Originally constructed in 1900, the property may present long-term maintenance challenges or structural considerations typical of century-old homes, despite the recent cosmetic and system updates.
Newly remodeled homes! Offered 100% vacant! Perched peacefully on the border of Mount Washington and Highland Park this imaginative oasis has so much to offer; two (2) fully equipped homes comfortably accommodate one large family, two families/adults, Nanny, Care Taker, Self Employed person who needs separate work space; this home is a perfect live/work space. One home offers 2 spacious bedrooms, 1 large bathroom, an expansive walk-in pantry, separate laundry area/room, tons of privacy and natural light. The second home is a slice of heaven offering privacy and serenity located off of the thoughtfully designed green space. Including 1 large bedroom, 1 large bathroom, an oversized walk-in closet, additional office/den living space, and fully equipped kitchen. These are perfect homes for creatives, influencers, Podcast hosts, YouTube hosts and those who desire the ability to have convenient access to the many local earthy art galleries, grocery stores, and family-owned restaurants. Immerse yourself in the cool, hip, diverse vibe of Mount Washington, Highland Park, and Eagle Rock. Located approximately 1.5 miles from the Metro Station providing access to the beaches of Santa Monica and San Pedro. Water-proof vinyl floor. Bathrooms with marble floor and tile backsplashes, Vigo brand vanity faucet, and Kohler toilet. Kitchen with Quartz countertop and marble backsplash, Zephyr range hood, LG dual gas/electric range, and GE Profile dishwasher. Each home is well equipped with mini-split air conditioners for added comfort. Updated copper plumbing. The subfloor was completely removed, leveled, and installed with new plywood and water-proof vinyl in 2022. The large fenced front and rear green areas offer expansive spaces to gather. Take the video home tour to view these amazing homes!
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 | 1,385 | 1,412 | 48% |
| Lot Size | 3,033 | 5,401 | 13% |
| Price | $1.10M | $1.23M | 35% |
| Price per sq ft | $794 | $890 | 37% |
| Built year | 1900 | 1924 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 84 | 175 | 23% |
Jan 28, 2026
$1,100,000
Initial Listing
Aug 24, 2022
$900,000
Public Record
Feb 11, 2022
$750,000
Public Record