820 5th Avenue, Los Angeles, California 90005, Los Angeles, 90005 - 4 bed, 2 bath
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820 5th Avenue
Los Angeles, California 90005
ACTIVE
CONDITION: POOR
4Beds
2Baths
3,738Sq Ft
7,741Lot Size
Property Price
LIST PRICE$1,700,000
EST. MARKET VALUE
$1,800,052
5% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $1,700,000—positioned well below the $1,800,053 Fair Market Value by 5%. This valuation gap offers $100,053 in Instant Equity for buyers prepared to address the Fair Condition Rating. Featuring a 3,738 SF floor plan on a 7,739 SF LAR1-zoned lot, the residence includes a permitted rear cabin and deck/patio access. This is a high-reward acquisition ideal for Fix-and-Flip Investors or Contractors seeking a significant renovation project in a prime, high-walkability neighborhood.
Estimated Market Value
$1,800,052+$100,052 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 |
|---|---|---|---|---|---|---|
★ 820 5th Avenue Subject | $1,700,000* List Price | 4 | 2 | 3,738 | $482 | - |
A 717 S Bronson Avenue Sold | $1,480,000 | 4 | 2 | 2,706 | $547 | 0.2 mi |
B 814 5th Avenue Active | $1,200,000 List Price | 4 | 2 | 2,250 | $533 | 0.0 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 1916 (108 years old) with no recorded recent renovations, the property is explicitly described as needing 'TLC' and being sold 'AS IS.' Aerial photography reveals visible roof damage/patching, and the listing targets investors for a full renovation, indicating that the kitchen, baths, and core systems (HVAC/Electric) are likely outdated or at the end of their functional life.
PROSSTRENGTHS & OPPORTUNITIES
- Historic Architectural Appeal
This 1916 Classic Colonial Revival offers significant character and a spacious 3,738 SF floor plan, providing a rare canvas for a high-end historic restoration in the desirable Wilshire Park neighborhood.
- Exceptional Walkability
Boasting a Walk Score of 91, the property is situated in a 'Walker’s Paradise' near Koreatown and Mid-Wilshire, offering immediate access to world-class dining, cafes, and cultural landmarks.
- Development & Versatility Potential
The generous 7,739 SF lot includes a permitted rear cabin for added flexibility, plus the unique opportunity to purchase the adjacent lot for a larger compound or development project.
CONSRISKS & DEFICIENCIES
- Significant Renovation Required
The property is sold in 'AS IS' condition and requires substantial TLC, which will necessitate a significant additional capital investment for repairs and modernization.
- Inadequate Bathroom Ratio
With only two bathrooms serving four bedrooms across nearly 3,800 square feet, the current configuration lacks the modern bath-to-bedroom ratio expected for a home of this scale.
About 820 5th Avenue
820 5th Ave is a charming two-story Classic Colonial Revival residence nestled in the desirable Wilshire Park neighborhood of Los Angeles. Built in 1916, the home offers four (4) bedrooms and two (2) bathrooms across 3,738 SF of living space on a generous 7,739 SF LAR1-zoned lot. Showcasing timeless Colonial Revival architecture, the residence features a symmetrical facade, clapboard siding, shuttered windows, and an elegant columned entry, along with a permitted rear "cabin" that provides added versatility. Whether gathering with family, entertaining guests, or simply enjoying a quiet evening at home, 820 5th Ave offers a warm and inviting setting filled with character, charm, and comfort. Adjacent property located at 814 5th Ave also available for sale and can be purchased separately or together. 820 5th Avenue 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
- 1916
- Lot Size
- 7,741 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 | 3,738 | 1,664.159 |
| Lot Size | 7,741 | 6,066.556 |
| Price | $1.70M | $1.35M |
| Price per sq ft | $455 | $806 |
| Built year | 1916 | 1939 |
| HOA | $0 | $278 |
| Days on market | 22 | 55 |
Pricing History
Listed for Sale
Aug 18, 2026
$1,700,000
Initial Listing