768 N Avenue 50, Los Angeles, California 90042, Los Angeles, 90042 - bed, 1 bath
ACTIVE$1,199,999
768 N Avenue 50, Los Angeles, California 90042
0Bed
1Bath
731Sqft
4,024Lot
Year Built
1947
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$1,642
HOA
-
Days on market
-
Sold On
-
MLS number
OC25197606
Home ConditionExcellent
Features
Good View: City Lights
Patio
ViewCity Lights
About this home
We found 3 Cons,5 Pros. Rank: price - $1.20M(50th), sqft - 731(50th), beds - undefined(50th), baths - 1(50th).
Highly sought-after location on a major street in Highland Park across from Mt. Washington. Minutes to the ultra-hip York Blvd strip or Figueroa St with dozens of retail shops, restaurants, galleries and the list goes on. Zoning for multifamily, check with city to satisfy usage or development. 2 gated driveways with plenty of usable outdoor space.
Price History
Date
Event
Price
09/04/25
Listing
$1,199,999
10/07/21
Sold
$715,000
10/25/13
Sold
$240,000
Condition Rating
Excellent
Despite being built in 1947, the property has undergone an extensive and very recent renovation. The interior features modern wood-look flooring, fresh white paint, contemporary light fixtures, and a sleek, updated kitchen/kitchenette area with new appliances. The bathroom is also fully modernized with unique design elements and new fixtures. All visible components appear new or virtually new, indicating a high-quality, recent overhaul that meets current standards.
Pros & Cons
Pros
Exceptional Location: Highly sought-after address in Highland Park, directly across from Mt. Washington, offering immediate access to the vibrant York Blvd and Figueroa St retail, dining, and art scenes.
Multifamily/Mixed-Use Zoning: The property's zoning for multifamily and mixed-use provides significant development potential, allowing for increased density or commercial applications, appealing to investors and developers.
Generous Outdoor Space & Parking: Features two gated driveways and ample usable outdoor space, a valuable asset in urban Los Angeles for parking, expansion, or recreational use.
City Lights View: The property boasts desirable city lights views, enhancing its aesthetic appeal and potential resale value.
Strong Investment Opportunity: Combining a prime location, development-friendly zoning, and usable land, this property presents a compelling opportunity for value-add or ground-up development.
Cons
Limited Current Living Space: The existing structure is very small at 731 sqft, which may not meet the needs of many residential buyers without significant expansion or redevelopment.
Age of Property & Required Updates: Built in 1947, the property is likely to require substantial renovation, modernization, and potential system upgrades to meet contemporary living standards.
High Price for Existing Structure: The list price is substantial for the current small, older dwelling, indicating that the primary value lies in the land and its development potential rather than the existing home.