
Los Angeles, California 90036
This Stately 1926 Historic Estate is a High-Potential Investment Opportunity, listed at $2,400,000—positioned well below the $2,491,920 Fair Market Value by 3%. This valuation gap offers $91,920 in Instant Equity. Spanning 4,326 square feet with a rare 4-car garage and parking for 12, the home maintains a Solid Condition Rating but invites strategic modernization. Located near Top-Rated Schools like Third Street Elementary, it balances historic charm with significant upside. This is an ideal match for Multi-Generational Owner-Occupants or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 955 S Highland Avenue Subject | $2,400,000* List Price | 6 | 4 | 4,326 | $599 | - |
A 819 S Cochran Avenue Sold | $2,750,000 | 5 | 5 | 3,818 | $720 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1926 historic estate is well-maintained but reflects its 40-year tenure under a single owner without recent major renovations. While it retains high-quality original architectural features like hardwood floors and a grand staircase, the kitchens and bathrooms are dated and do not meet modern luxury standards. The property is functional and livable but requires significant cosmetic and system updates to align with contemporary expectations.
This 1926 stately residence preserves exceptional craftsmanship, featuring original hardwood floors, soaring ceilings, solid wood pocket doors, and a grand curved staircase that offers timeless elegance.
A rare find in Los Angeles, the property features a gated lot with parking for 12 vehicles and a 4-car garage, complemented by a permitted recreation room suitable for multi-generational living.
Spanning over 4,300 square feet on a nearly 10,000 square foot corner lot, the home offers a flexible floor plan with two kitchens, a butler's pantry, and maid's quarters, ideal for large-scale entertaining.
Offered for the first time in over 40 years, the property likely requires significant capital investment to update systems and finishes to meet contemporary luxury standards.
Situated at the intersection of Highland and Olympic, the property is exposed to high traffic volume and noise, which may impact the tranquility of the outdoor living spaces.
PERFECT for visitors for the WORLD CUP and the OLYMPICS!! RARE CORNER COMPOUND with 12 Car Parking/ Flexible Living + ADU Potential. Exceptional opportunity to own a spacious and versatile residence in the heart of Los Angeles. Situated on a prominent corner lot, this expansive property offers 4,363 sq feet of living space with 6 bedrooms, multiple living and working areas, and a highly functional layout ideal for a variety of residential lifestyles. One of the property's most unique features is its rare gated on-site parking for up to 12 vehicles-an extraordinary amenity in this central location, offering convenience for multi-driver households, guests or extended living arrangements. The flexible floor plan includes multiple kitchen areas and separate living spaces, making it well suited for multi-generational living, shared housing or extended family use. The property also represents potential to add an ADU (buyer to verify with city) creating additional living space and long-term value. There is currently a 3 bed apartment over the garage in addition to the 6 beds in the main house. The corner location allows for easy access and additional privacy with fewer immediate neighbors on one side. This is a rare opportunity to secure a large scale residence with flexibility, parking and future upside in one of Los Angeles' most centrally located neighborhoods. Step into the timeless charm of this stately 1926 residence, rich with historic elegance and offered for the first time in over 40 years.. Rooms are generously sized, offering flexibility and comfort. Public records reflect 6 bedrooms and 3 baths.There is additionally, 1 more full bath and a 1/2 bath. This home is set on an expansive 9,682-square-foot gated corner lot, the property offers parking for up to 12 vehicles, including four enclosed garage spaces, an extraordinary rarity. A permitted recreation room above the garage is currently used as three additional bedrooms, adding further versatility. Broker/agent does not guarantee accuracy of square footage, lot size, zoning, rent control, permits, use code, schools, and/or other information concerning the conditions or features of the property provided by the seller or obtained from public records or other sources . Buyer is advised to independently verify the accuracy of all information through personal inspections with appropriate professional. A rare opportunity for a discerning buyer to make this special property their own, bringing personal vision and custom touches to create a truly unique property. Near to the hip restaurants on S. La Brea - All Seasonings Brewing Co, Met Her/Him at a Bar, The Night We Met. With the new subway opening on La Brea & Wilshire and the newly renovated LACMA and other museums - this is the place to be!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 93% |
| Baths | 4.0 | 3.0 | 64% |
| Square foot | 4,326 | 2,410.5 | 91% |
| Lot Size | 9,682 | 6,928.5 | 95% |
| Price | $2.40M | $2.19M | 59% |
| Price per sq ft | $555 | $920 | 2% |
| Built year | 1926 | 1926 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 78 | 192 | 9% |
Feb 3, 2026
$2,400,000
Initial Listing