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

949 N Avenue 49
Los Angeles, California 90042
Property Price
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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 949 N Avenue 49 Subject | $1,049,000* List Price | 2 | 2 | 1,171 | $986 | - |
A 1037 N Avenue 50 Sold | $1,350,000 | 2 | 2 | 1,270 | $1,063 | 0.2 mi |
B 4815 Buchanan Street Sold | $1,145,000 | 2 | 2 | 1,150 | $996 | 0.3 mi |
C 5318 Raber Street Sold | $1,287,900 | 2 | 2 | 1,442 | $893 | 1.0 mi |
D 4854 Buchanan Sold | $1,170,000 | 3 | 3 | 1,350 | $867 | 0.2 mi |
E 5024 Shipley Glen Drive Sold | $875,000 | 2 | 2 | 1,103 | $793 | 0.6 mi |
F 1048 Dexter Street Active | $1,100,000 List Price | 2 | 2 | 945 | $1,164 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 36% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,171 | 1,350 | 35% |
| Lot Size | 6,082 | 5,401 | 63% |
| Price | $1.05M | $1.20M | 36% |
| Price per sq ft | $896 | $883 | 54% |
| Built year | 1931 | 1925 | 62% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 176 | 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

























































