877 Montecito Drive, Los Angeles, California 90031, Los Angeles, 90031 - 2 bed, 2 bath
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877 Montecito Drive
Los Angeles, California 90031
ACTIVE
CONDITION: POOR
2Beds
2Baths
1,500Sq Ft
11,412Lot Size
Property Price
LIST PRICE$850,000
EST. MARKET VALUE
$761,538
11% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $850,000—positioned well above the $771,707 Fair Market Value by -10%. While the home carries a Poor Condition Rating due to deferred maintenance, the expansive 11,412 sqft lot and Hillside Topography offer significant development upside. Proximity to Top-Rated Schools like South Pasadena Middle and High School adds long-term value. This is a strategic acquisition for Buy-and-Hold Investors or Contractors capable of executing a comprehensive renovation to unlock the property's full potential.
Estimated Market Value
$761,538
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 |
|---|---|---|---|---|---|---|
★ 877 Montecito Drive Subject 2 bd · 2 ba · 1,500 sqft · $508 | $850,000* List Price | 2 | 2 | 1,500 | $508 | - |
A 2700 Lincoln Park Avenue Sold 3 bd · 1 ba · 1,470 sqft · $480 · 0.8 mi | $705,000 | 3 | 1 | 1,470 | $480 | 0.8 mi |
B 4129 Turquoise Active 4 bd · 2 ba · 1,308 sqft · $516 · 0.5 mi | $675,000 List Price | 4 | 2 | 1,308 | $516 | 0.5 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 1956, the property shows significant signs of age and deferred maintenance. While the kitchen features newer stainless appliances, the green tile countertops and cabinetry are dated. The exterior deck appears to have safety/structural issues with peeling paint and exposed wood, and aerial photos show a roof in poor condition with visible wear and patching. The listing's focus on 'potential to develop' and 'land value' further supports a poor condition rating requiring rehab.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11412, living area = 1556.
- Great Schools
Middle School: South Pasadena Middle School (9/10). High School: South Pasadena Senior High School (9/10).
- Development Potential
The expansive 11,412 square foot lot offers significant upside, providing ample space to develop a guest house, additional parking, or further expand the existing footprint on the hillside topography.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1556, other record living area = 954. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Hillside Topography Challenges
The steep hillside nature of the lot, while offering privacy, may lead to higher costs and engineering complexities for any future construction, landscaping, or maintenance projects.
- Local School Ratings
The immediate neighborhood elementary school carries a low performance rating, which may be a concern for families prioritizing high-ranking public education within walking distance.
About 877 Montecito Drive
1,500 square feet of hillside living at 877 Montecito Dr in Los Angeles.Tucked into Montecito Heights, this single-family home sits above the street with the privacy and outdoor connection that define Northeast LA. The interior offers an open living and dining area that flows toward outdoor decks and patiostypical of these canyon-side lotswith room for everyday living plus guests. Expect a practical kitchen layout, multiple bedrooms, and baths sized for the square footage, plus the kind of indoor-outdoor flow buyers look for in this pocket.The lot itself is the real asset: hillside topography with infinite potential to develop, mature landscaping and space for adding extra parking, a guest house or a home!. You're minutes from Debs Park trails, Highland Park and Figueroa dining, and a short drive to Pasadena or Downtown.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1956
- Lot Size
- 11,412 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Latona Avenue Elementary School
Grades K-6 • 0.3 mi
6/10
Huntington Drive Elementary School
Grades K-6 • 0.6 mi
4/10
Hillside Elementary School
Grades K-5 • 0.8 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,500 | 1,670.836 |
| Lot Size | 11,412 | 6,152.156 |
| Price | $850.0K | $1.34M |
| Price per sq ft | $567 | $807 |
| Built year | 1956 | 1941 |
| HOA | $0 | $238 |
| Days on market | 35 | 56 |
Pricing History
Listed for Sale
Oct 5, 2026
$850,000
Initial Listing