
Los Angeles, California 90019
This 1923 residence represents a High-Potential Investment Opportunity, listed at a List Price of $1,942,500—positioned well above the $1,806,842 Fair Market Value by -7%. With a Condition Rating of 5, the property requires a comprehensive renovation to modernize its historic systems. The expansive 7,273 sq. ft. lot provides significant upside for expansion or ADU development in a premier Los Angeles location. This asset is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking a high-value restoration project in the Hancock Park-Wilshire area.
Property is extensive renovation needed.
Built in 1923 with no mention of recent renovations, this property is over 100 years old. The listing description emphasizes 'potential' and the need to 'restore' or 'update,' suggesting original systems (HVAC/Electric) and dated kitchen/baths that require a full rehab to meet modern standards.
Situated in the highly desirable Hancock Park-Wilshire area, the property offers exceptional proximity to Miracle Mile, world-class museums, and top-tier dining and entertainment.
The generous 7,273 sq. ft. lot provides a rare amount of outdoor space for this urban corridor, offering significant potential for expansion, landscaping, or ADU development.
Built in 1923, this 5-bedroom residence features classic architectural charm and a versatile 2,170 sq. ft. layout that serves as an ideal canvas for a high-value restoration project.
The property's age and description as having 'endless potential' suggest it likely requires significant capital investment to update historic systems and finishes to modern standards.
The property lacks any significant views, which may be a competitive disadvantage for a residence at this price point in the Los Angeles market.
Classic character. Incredible location. Endless potential. Situated on a tree-lined street in the heart of Los Angeles, this 5-bedroom, 3-bath residence offers approximately 2,170 sq. ft. of living space on a spacious 7,273 sq. ft. lot. Built in 1923, the home showcases traditional architecture and a versatile layout ideal for a variety of living arrangements. Conveniently located near Hancock Park, Miracle Mile, museums, restaurants, shopping, entertainment, and major employment centers. Whether you're looking to restore, update, or simply enjoy the charm of a historic-era home, this property offers a rare opportunity in a premier neighborhood.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,170 | 1,664.159 |
| Lot Size | 7,273 | 6,066.556 |
| Price | $1.94M | $1.35M |
| Price per sq ft | $895 | $806 |
| Built year | 1923 | 1939 |
| HOA | $0 | $278 |
| Days on market | 26 | 55 |
Aug 14, 2026
$1,942,500
Initial Listing
Jun 29, 2001
$425,000
Public Record