
Los Angeles, California 90042
This property presents a High-Potential Investment Opportunity with a List Price of $1,100,000—positioned well below the $1,101,728 Fair Market Value by 0.16%. This valuation gap offers $1,728 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home requires modernization but offers significant upside through its 6,012-square-foot lot and ADU potential. Its flexible layout and Highland Park location make this a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 926 N Avenue 49 Subject | $1,050,000* List Price | 3 | 1 | 1,134 | $947 | - |
A 4780 Hub Sold | $871,000 | 3 | 2 | 1,105 | $788 | 0.2 mi |
B 452 Holland Avenue Sold | $1,200,000 | 3 | 1 | 1,200 | $1,000 | 0.5 mi |
C 949 N Avenue 49 Sold | $1,349,000 | 2 | 2 | 1,171 | $1,152 | 0.0 mi |
D 1418 N Avenue 55 Sold | $995,000 | 2 | 1 | 1,042 | $955 | 0.8 mi |
E 5158 Almaden Drive Sold | $1,250,000 | 2 | 2 | 1,067 | $1,172 | 0.7 mi |
F 5117 Stratford Road Sold | $1,125,000 | 3 | 1 | 1,286 | $875 | 0.6 mi |
G 1469 1469 Armadale Ave Avenue Sold | $1,150,000 | 2 | 1 | 1,238 | $929 | 0.4 mi |
H 5001 Buchanan Street Sold | $1,099,000 | 3 | 1 | 1,475 | $745 | 0.3 mi |
I 918 Terrace 49 Active Under Contract | $899,999 List Price | 3 | 2 | 1,136 | $792 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1926, this property is functional and livable but significantly dated, fitting the 'Fair' criteria of being over 20 years old without a recent major overhaul. While there are some modern additions like a mini-split HVAC system and laminate flooring in the living areas, the single bathroom, older carpet in bedrooms, and general interior finishes suggest the home has not been fully renovated in 20-30 years. The listing description explicitly highlights the opportunity for renovation and expansion.
The generous 6,012-square-foot lot provides significant opportunity for an Accessory Dwelling Unit (ADU) or future expansion in a high-demand neighborhood.
Ideally situated in the heart of Highland Park, the property offers quick access to the vibrant dining, shopping, and transit options along York Boulevard and Figueroa Street.
Featuring two separate entrances and a functional floor plan, the home offers unique versatility for multi-generational living or potential rental configurations.
With three bedrooms but only one bathroom, the current configuration may be inconvenient for modern families and likely requires a costly addition to improve functionality.
The property is positioned as a customization opportunity, implying that immediate capital investment for modernization and repairs is necessary to reach its full market potential.
Welcome to 926 N. Avenue 49, a charming 3-bedroom, 1-bathroom Spanish-style home located in the highly sought-after Highland Park neighborhood of Los Angeles. Situated on a generous 6,012-square-foot lot, this property presents an exceptional opportunity for homeowners, investors, and developers alike. One of the property's standout features is its expansive backyard, offering abundant outdoor space with exciting possibilities for future expansion. Whether you're looking to create the ultimate backyard retreat, add additional living space, or explore the potential for an Accessory Dwelling Unit (ADU), this property offers tremendous opportunity. Buyers are encouraged to verify all development possibilities, zoning, and ADU requirements with the City of Los Angeles. The home features two separate entrances, providing added flexibility for a variety of living arrangements. The front entrance opens into a welcoming living room that flows into the dining area, kitchen, and bedrooms. The side entrance provides direct access to the dining room, kitchen, and backyard, creating a functional layout that may lend itself to future remodeling or expansion. Rich in classic Spanish character, this home offers the perfect opportunity to move in, renovate, or customize to your own style while preserving its timeless charm. The spacious lot is a rare find in Highland Park and provides ample room for outdoor entertaining, gardening, or creating additional usable living space. Ideally located just minutes from the vibrant dining, shopping, cafés, boutiques, and art galleries along York Boulevard and Figueroa Street, this home is also conveniently close to the Metro A Line, Occidental College, Downtown Los Angeles, Pasadena, parks, hiking trails, and major freeways.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,134 | 1,664.159 |
| Lot Size | 6,012 | 6,066.556 |
| Price | $1.05M | $1.35M |
| Price per sq ft | $926 | $806 |
| Built year | 1926 | 1939 |
| HOA | $0 | $278 |
| Days on market | 44 | 55 |
Aug 15, 2026
$1,050,000
$1,100,000
-5% Price Drop
Initial Listing
Jul 27, 2026
$1,100,000
Initial Listing
Dec 16, 1997
$100,000
Public Record