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742 Schumacher Drive, Los Angeles, California 90048, Los Angeles, 90048 - 4 bed, 3 bath

742 Schumacher Drive, Los Angeles, California 90048 home-pic-0
ACTIVE$3,400,000
742 Schumacher Drive, Los Angeles, California 90048
4Beds
3Baths
2,674Sqft
12,973Lot
Year Built
1928
Close
-
List price
$3.4M
Original List price
$3.7M
Price/Sqft
$1,272
HOA
-
Days on market
-
Sold On
-
MLS number
25555067
Home ConditionPoor
Features
Pool
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 8% below the list price. We found 3 Cons,5 Pros. Rank: price - $3.40M(67th), sqft - 2674(60th), beds - 4(50th), baths - 3(50th).

Massive double lot in the great neighborhood of Carthay Circle. Almost one-third of an acre. Original Tudor. Leaded glass throughout. Original finishings. Needs updating and renovation, but a rare find in this community. Land plus, plus, plus. Swimming Pool. Huge Backyard, possibly suitable for major expansion or guest unit. Beautiful wood-beamed ceilings and wood flooring. 2 wood-burning Fireplaces one in the Living Room and one in the Family Room. Outdoor brick barbecue. New Kitchen in the works. Formal Dining Room. Living Room. Family Room, 4 Bedrooms and 3 Bathrooms. There are no above-ground electrical wires or telephone poles in Carthay Circle. A little over 128 feet of frontage on Schumacher Drive per Public Records! (Buyer to verify.) Don't let this property slip by your buyers. Property is being sold AS-IS. Zoned LAR2 (Buyer to confirm.). Property is in Carthay Circle HPOZ,

Price History

Date
Event
Price
09/05/25
Price Change
$3,400,000-8.1%
06/20/25
$3,700,000
Condition Rating
Poor
Built in 1928, this property explicitly states it 'Needs updating and renovation' and is being sold 'AS-IS.' The kitchen is currently 'in the works,' meaning it is not functional or complete. The bathrooms are severely outdated with original or very old fixtures and tiling, requiring full renovation. While the home retains some original charm like wood-beamed ceilings, the critical functional areas are in a state that requires substantial repairs and rehabilitation, making it uncomfortable to live in its current state.
Pros & Cons

Pros

Exceptional Lot Size & Development Potential: The property boasts a massive double lot, nearly one-third of an acre, with a huge backyard suitable for major expansion or a guest unit, further enhanced by its LAR2 zoning for potential multi-unit development.
Prime Location & Historic Charm: Situated in the highly desirable Carthay Circle HPOZ, the neighborhood offers a unique aesthetic with no above-ground electrical wires or telephone poles, preserving its historic and upscale character.
Original Architectural Details: Retains significant original Tudor features including leaded glass, original finishings, beautiful wood-beamed ceilings, wood flooring, and two wood-burning fireplaces, appealing to buyers seeking historic authenticity.
Existing Lifestyle Amenities: Includes a swimming pool and an outdoor brick barbecue, providing immediate recreational and entertaining opportunities.
Significant Street Frontage: Offers over 128 feet of frontage on Schumacher Drive, enhancing curb appeal and potentially offering more flexibility for future property modifications or access.

Cons

Extensive Renovation Required: The property explicitly 'needs updating and renovation' and is being sold 'AS-IS,' indicating a substantial immediate investment will be necessary for modernization and repairs.
Unfinished Kitchen: The description states 'New Kitchen in the works,' implying an incomplete project that will require the buyer to finalize, adding to immediate costs and potential inconvenience.
Age-Related Maintenance & Systems: Built in 1928, the property's age suggests potential for outdated systems (plumbing, electrical, HVAC) and higher ongoing maintenance costs, which are not explicitly detailed but implied by the need for renovation.

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