843 S Mullen Avenue, Los Angeles, California 90005, Los Angeles, 90005 - 3 bed, 3 bath
843 S Mullen Avenue
Los Angeles, California 90005
Property Price
SUMMARY
Analysis of 843 S Mullen Avenue, Los Angeles, California 90005 reveals a property with a current list price of $1,845,000, which is 8% above the estimated $1,698,225 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 843 S Mullen Avenue Subject | $1,845,000* List Price | 3 | 3 | 2,121 | $801 | - |
A 676 S Bronson Avenue Sold | $2,342,500 | 3 | 3 | 2,960 | $791 | 0.8 mi |
B 738 S Norton Avenue Pending | $1,295,000 List Price | 3 | 3 | 2,030 | $638 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
This 1940s property is accurately described as a 'light fixer.' While the structure appears sound and the home is livable, the interior features—including the kitchen, bathrooms, and flooring—are significantly outdated and show signs of age. It requires cosmetic updates and modernization of systems to meet current standards, fitting the criteria for a well-maintained but aged property.
PROSSTRENGTHS & OPPORTUNITIES
- ADU Potential
The detached garage offers a prime opportunity to develop an Accessory Dwelling Unit (ADU), providing significant potential for rental income or increased multi-generational utility.
- Equity Upside
As a 'light fixer' in the prestigious Hancock Park-Wilshire area, the property allows buyers to build immediate equity through cosmetic renovations and modern updates.
- Generous Lot Size
The 7,800 square foot lot is a significant asset for the neighborhood, offering ample space for gardening, outdoor entertaining, or future expansion.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Renovation Requirements
The home requires immediate investment in flooring, paint, and kitchen/bath updates, which may be a deterrent for buyers seeking a move-in-ready residence.
- 1940s Infrastructure
Given the 1940 construction date, the property likely features older systems that may require modernization to meet current efficiency and safety standards.
About 843 S Mullen Avenue
There's something special about a home that's ready for its next chapterand 843 S Mullen Ave is exactly that. This light fixer offers the perfect opportunity to create a space that truly feels like your own. With a welcoming layout and great natural light, the home already has a warm, comfortable feel. A few thoughtful updates fresh paint, new flooring, and a refreshed kitchen and bath could completely transform the space and instantly build equity. It's the kind of home where you can move in, make improvements over time, and watch your vision come to life. The lot offers room to garden, entertain, or simply enjoy quiet evenings outdoors. Whether you're dreaming of weekend BBQs, a cozy patio setup, or a landscaped retreat, the outdoor space provides a blank canvas. Located in an established neighborhood close to everyday conveniences, 843 S Mullen Ave combines location, potential, and opportunity. For buyers who aren't afraid to roll up their sleeves and want a home with character and upside, this is a chance to create something truly special. Amazing opportunity to add an ADU with the detached garage. This home waits for you to make it your home.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1940
- Lot Size
- 7,800 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 38% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,121 | 3,171 | 25% |
| Lot Size | 7,800 | 7,803.5 | 50% |
| Price | $1.84M | $2.40M | 25% |
| Price per sq ft | $870 | $906 | 50% |
| Built year | 1940 | 1921 | 88% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 184 | 13% |
Pricing History
Listed for Sale
Feb 26, 2026
$1,845,000
Initial Listing