
Los Angeles, California 90036
This property presents a High-Potential Investment Opportunity with a List Price of $1,299,000—positioned well below the $1,489,510 Fair Market Value by 12%. This valuation gap offers $190,510 in Instant Equity for buyers prepared to manage a full renovation. Featuring a Condition Rating of 5, the asset includes a versatile guest house and a private patio within the Miracle Mile HPOZ. This is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a value-add project in a prime cultural hub.
Property is extensive renovation needed.
Built in 1943 and explicitly described in the listing as ready for a full renovation. The kitchen and bathrooms are significantly dated with 30+ year old cabinetry and appliances, and the interior requires a complete rehab to meet modern standards, despite the well-preserved historic exterior.
Situated in the heart of Miracle Mile, the property offers unparalleled proximity to LACMA, the Academy Museum, and The Grove, providing a high-walkability lifestyle near the upcoming Metro D Line.
The inclusion of a separate guest house over a two-car garage provides significant value, offering potential for rental income, a private home office, or multi-generational living arrangements.
This 1943 California Cottage retains its original charm with porthole windows and a shake-profile roof, set on a private, beautifully landscaped lot with established garden beds and a brick patio.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
The interior is explicitly noted as being ready for a full renovation, indicating that the buyer will need to invest significant additional capital to make the home move-in ready.
Located within a Historic Preservation Overlay Zone (HPOZ), any exterior modifications or restoration work must adhere to strict city guidelines, which can limit design flexibility and increase permit timelines.
Set behind a double hedge on a quiet, cul-de-sac-like stretch of Genesee Ave, this classic California Cottage is a rare opportunity to reimagine a home in the heart of Miracle Mile. The exterior character is fully intact round porthole windows, painted brick, and a shake-profile roofline carry through both the front house and the guest house over the 2-car garage. Inside, the 2-bedroom, 2-bath front house offers open living and dining rooms anchored by a large fireplace, ready for a full renovation. The grounds are the property's quiet showstopper a large brick front patio, layered garden beds, a stacked-stone accent wall, and a concrete driveway create a private, established setting that's rare to find intact. Together, the two structures total 1,944 square feet on a 6,385-square-foot lot, within the Miracle Mile Historic Preservation Overlay Zone. The location is hard to beat: Urban Light and LACMA's new Geffen Galleries are a block away, the Metro D Line at Wilshire/Fairfax is close by, and the Academy Museum, The Grove, and the Original Farmers Market are all just minutes from your door. Few streets in Los Angeles offer this kind of quiet paired with this much culture and proximity right outside.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,944 | 1,672 |
| Lot Size | 6,387 | 6,067 |
| Price | $1.30M | $1.37M |
| Price per sq ft | $668 | $801 |
| Built year | 1943 | 1939 |
| HOA | $0 | $348 |
| Days on market | 6 | 56 |
Jul 16, 2026
$1,299,000
Initial Listing