
Los Angeles, California 90005
This property presents a High-Potential Investment Opportunity with a List Price of $1,350,000—positioned well below the $1,377,185 Fair Market Value by 2%. This valuation gap offers $27,185 in Instant Equity for buyers prepared to undertake a comprehensive restoration. Featuring a Fair Condition Rating (5/10), the 1922 Mediterranean-inspired residence requires significant capital investment to modernize its systems and interiors. This is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking to restore a character-rich asset in a prestigious Los Angeles neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 835 Lorraine Subject 4 bd · 2 ba · 3,024 sqft · $455 | $1,350,000* List Price | 4 | 2 | 3,024 | $455 | - |
A 820 5th Avenue Active Under Contract 4 bd · 2 ba · 3,738 sqft · $455 · 0.3 mi | $1,700,000 List Price | 4 | 2 | 3,738 | $455 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1922 and offered in 'AS-IS' condition, this property is explicitly marketed as a restoration project. The interior shows dated oak cabinetry, old carpeting, and vintage fixtures, suggesting no major renovations have occurred in over 30 years. The listing's focus on 'potential for restoration' and 'bringing new life' confirms it requires a full rehab of systems and cosmetics.
Situated on Lorraine Boulevard in the highly desirable Hancock Park-Wilshire area, this property offers exceptional long-term value within one of Los Angeles’ most established and sought-after neighborhoods.
Built in 1922, this Mediterranean-inspired residence features timeless details including a traditional tile roof, stucco exterior, and elegant arched entryways that provide a unique historical charm.
With a generous 3,024 square foot footprint and four bedrooms, the home serves as an expansive canvas for restoration, offering a rare opportunity to build equity through a personalized high-end renovation.
The property is being sold in its present condition and requires substantial restoration and modernization, which will necessitate a significant capital investment for repairs and upgrades.
Potential historical recognition or protection status may limit a buyer's ability to perform major structural modifications or modern exterior changes, requiring careful navigation of city preservation guidelines.
Timeless Character in a Prestigious Los Angeles Neighborhood: A rare opportunity to own a distinctive residence in one of Los Angeles’ desirable, established neighborhoods. Located on Lorraine Boulevard, this two-story home showcases classic Mediterranean-inspired architecture, featuring a warm stucco exterior, traditional tile roof, elegant arched entryway, and charming architectural details that evoke timeless appeal. Set behind a beautifully landscaped front yard, the property has an inviting presence and exceptional potential for those who appreciate character, history, and the opportunity to create something truly special. With approximately 3,024 square feet and four bedrooms, this residence offers a generous footprint and an exciting canvas for restoration, thoughtful improvements, or a personalized vision. The property may also warrant further investigation for potential historical recognition or protection, presenting an intriguing opportunity for Buyers interested in architectural preservation. Any historical designation or related restrictions should be independently verified with the appropriate City of Los Angeles departments. Enjoy the appeal of a well-established neighborhood with convenient access to local amenities, shopping, dining, and the many cultural attractions of Los Angeles. A compelling opportunity to bring new life to a character-rich property in a sought-after location. Property is offered in its present AS-IS condition, presenting an opportunity for Buyers to bring their own vision and personal touches to this distinctive residence.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 3,024 | 1,670.836 |
| Lot Size | 7,501 | 6,152.156 |
| Price | $1.35M | $1.34M |
| Price per sq ft | $446 | $807 |
| Built year | 1922 | 1941 |
| HOA | $0 | $238 |
| Days on market | 11 | 56 |
Oct 30, 2026
$1,350,000
Initial Listing
Oct 29, 2026
$1,250,000
Initial Listing