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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$3,190,000
742 Schumacher Drive, Los Angeles, California 90048
4Beds
3Baths
2,674Sqft
12,973Lot
Year Built
1928
Close
-
List price
$3.19M
Original List price
$3.19M
Price/Sqft
$1,193
HOA
-
Days on market
-
Sold On
-
MLS number
25625061
Home ConditionPoor
Features
Pool
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 6% below the list price. We found 3 Cons,6 Pros. Rank: price - $3.19M(63th), 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
12/04/25
Listing
$3,190,000
Condition Rating
Poor
Built in 1928 with 'original finishings,' this property requires substantial repairs and rehabilitation. The kitchen and bathrooms are severely outdated, as evidenced by the images showing peeling cabinets, old countertops, and vintage pink/peach tiles and fixtures, necessitating full renovation. The listing explicitly states it 'Needs updating and renovation' and 'extensive renovation required,' and is being sold 'AS-IS.' While the property retains original Tudor charm and wood flooring, these elements are worn and require significant restoration. The overall condition of critical living spaces would be very uncomfortable for modern living without major investment.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12973, living area = 2674.
Expansive Double Lot & Development Potential: A rare, nearly one-third acre double lot (12,973 sqft) in a prime Los Angeles neighborhood, zoned LAR2, offering significant potential for expansion, an ADU, or even a duplex.
Historic Tudor Charm & Original Details: Features an original 1928 Tudor architecture with leaded glass, beautiful wood-beamed ceilings, wood flooring, and two wood-burning fireplaces, preserving its unique character.
Premium Carthay Circle Location: Situated in the highly desirable Carthay Circle HPOZ, known for its clean streetscapes (no overhead wires) and proximity to the Beverly Center-Miracle Mile area.
Renovation Opportunity for Customization: Described as a 'rare find,' this property offers a substantial canvas for a buyer to update and renovate to their exact specifications, enhancing its value and modern appeal.
Desirable Amenities & Spacious Layout: Includes a swimming pool, outdoor brick barbecue, and a spacious 4-bedroom, 3-bathroom layout with formal living, dining, and family rooms, providing ample living space.

Cons

Extensive Renovation Required: The property 'needs updating and renovation' and features 'original finishings,' indicating a significant financial and time investment will be necessary to modernize.
Sold 'As-Is' Condition: Being sold 'AS-IS' means the buyer assumes full responsibility for all repairs and upgrades, with no seller contributions, potentially uncovering unforeseen issues.
HPOZ Renovation Restrictions: Located within the Carthay Circle HPOZ, which may impose strict guidelines and limitations on exterior and potentially interior modifications, adding complexity and cost to renovation plans.

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