949 N Avenue 49, Los Angeles, California 90042, Los Angeles, 90042 - 2 bed, 2 bath

949 N Avenue 49, Los Angeles, California 90042 home-pic-0

949 N Avenue 49

Los Angeles, California 90042

ACTIVE UNDER CONTRACT
CONDITION: GOOD
2Beds
2Baths
1,171Sq Ft
6,082Lot Size

Property Price

LIST PRICE$1,049,000
EST. MARKET VALUE
$1,154,386
9% BelowMARKET VALUE

SUMMARY

Analysis of 949 N Avenue 49, Los Angeles, California 90042 reveals a Prime Investment Opportunity with a current list price of $1,049,000—significantly undercutting the $1,154,386 Fair Market Value by 9%. This valuation gap indicates a +$105,386 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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

$1,154,386 +$105,386 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
949 N Avenue 49
Subject
$1,049,000*
List Price
221,171$986-
A
1037 N Avenue 50
Sold
$1,350,000221,270$1,0630.2 mi
B
4815 Buchanan Street
Sold
$1,145,000221,150$9960.3 mi
C
5318 Raber Street
Sold
$1,287,900221,442$8931.0 mi
D
4854 Buchanan
Sold
$1,170,000331,350$8670.2 mi
E
5024 Shipley Glen Drive
Sold
$875,000221,103$7930.6 mi
F
1048 Dexter Street
Active
$1,100,000
List Price
22945$1,1640.2 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

This 1931 Spanish-style home is in move-in ready condition, successfully blending original architectural character with modern updates. The property features well-maintained original hardwood floors and plaster walls alongside a recently updated kitchen with modern appliances and a newly added half-bath. The detached garage has been fully converted into a finished studio with recessed lighting, and the exterior landscaping is professionally completed, indicating high-quality upkeep and no immediate need for renovation.

PROSSTRENGTHS & OPPORTUNITIES

  • Spanish Architectural Character

    The home preserves its 1931 charm with original hardwood floors, hand-troweled plaster walls, and iconic red clay tile roofing, offering timeless aesthetic appeal and significant curb appeal.

  • Versatile Detached Studio

    The finished detached garage features smooth walls and recessed lighting, providing a highly desirable flexible space perfect for a home office, gym, or creative workspace.

  • Prime Highland Park Location

    Situated just blocks from the vibrant shops and cafes of York Boulevard, the property offers excellent walkability and lifestyle convenience in one of Los Angeles' most sought-after neighborhoods.

CONSRISKS & DEFICIENCIES

  • Limited Bathroom Configuration

    With only one full bathroom and a small half-bath, the layout may be a drawback for families or buyers who prioritize multiple full-service bathing facilities.

  • Compact Interior Footprint

    At 1,171 square feet, the living space is relatively modest for the million-dollar price point, which may limit appeal for those requiring more expansive indoor areas.

About 949 N Avenue 49

Behind its white stucco facade and red clay tile roof, 949 North Avenue 49 reflects the enduring appeal of Spanish architecture. Full of character, the home consists of a series of arches, hand-troweled plaster walls, and original hardwood floors which define the interior, while a large, fully fenced front yard sets the home back from the street and creates privacy along Avenue 49. The living room is anchored by a striking brick fireplace with an arched niche and working hearth. A large picture window draws in natural light, and curved openings lead to the dining room, preserving the home's original flow. The dining space sits beneath an iron fixture and connects directly to built-in cabinetry that adds storage without sacrificing character. In the breakfast room, glass-front built-ins and open shelving nod to the home's era. In the kitchen, updated appliances and clean-lined countertops sit comfortably within the existing architecture. Two bedrooms sit off the main hall. The primary includes a recently added half bath, large walk-in closet which is unusual for homes of this era and opens directly to the backyard. The full bath maintains detailing consistent with the home's architecture. The backyard has been landscaped with decomposed granite paths, garden boxes, wooden decks, and mature plantings. The layout separates areas for dining, gardening, and outdoor seating. A covered patio with red tile detail and a grill anchors the outdoor setting. The detached garage, finished with smooth walls, recessed lighting, two windows that look out onto the yard and can function as a studio, gym, or workspace. Located in the hills mere blocks from York Blvd. and its many charming shops and cafes in Highland Park, this two-bedroom, 1 1/4 bath home spans 1,171 square feet and preserves its original architectural detailing, along with outdoor space that extends how the property lives day to day.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1931
Lot Size
6,082 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

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.03.0
36%
Baths2.02.0
50%
Square foot1,1711,350
35%
Lot Size6,0825,401
63%
Price$1.05M$1.20M
36%
Price per sq ft$896$883
54%
Built year19311925
62%
HOA$0$0
50%
Days on market22176
1%

Pricing History

Listed for Sale

Feb 12, 2026

$1,049,000

Initial Listing

Sold

Jun 15, 2004

$400,909

Public Record

Sold

Oct 1, 1997

$97,000

Public Record

Sold

Dec 23, 1993

$175,000

Public Record

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