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787 Terrace 49, Los Angeles, California 90042, Los Angeles, 90042 - 3 bed, 2 bath

787 Terrace 49, Los Angeles, California 90042 home-pic-0
ACTIVE$890,000
787 Terrace 49, Los Angeles, California 90042
3Beds
2Baths
1,200Sqft
8,469Lot
Year Built
1936
Close
-
List price
$890K
Original List price
$890K
Price/Sqft
$742
HOA
-
Days on market
-
Sold On
-
MLS number
GD25237160
Home ConditionPoor
Features
Good View: Hills, Mountain(s)
Deck
ViewHills, Mountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $890.0K(22th), sqft - 1200(44th), beds - 3(50th), baths - 2(50th).

Fantastic FLIP opportunity! Positioned in one of Los Angeles' most ideally-located neighborhoods. Attention investors this home sits on a spacious sized lot with 8,469 sq ft., offering incredible potential for a complete renovation or a flip. A standout feature of this property is the long driveway, providing ample parking for multiple cars. Even further it is set on a hillside with views of the mountains from the permitted open deck. It has the elements to create your own private compound. This home is just a short distance from both York and Figueroa Blvd, where you can enjoy a variety of restaurants, coffee shops, stores, schools, parks, and more. It's also a short drive to Pasadena, Downtown L.A., and Occidental College. Easy access to major highways, you're well-connected to the best that Highland Park and the surrounding areas have to offer. !!!!!!! PROPERTY TO BE SOLD "AS IS"CONDITIONS. ALL "CASH ONLY". Please research the property before submitting any offers and do not submit blind offers! All offers will be shown to the seller.

Price History

Date
Event
Price
10/10/25
Listing
$890,000
05/17/07
Sold
$520,000
Condition Rating
Poor
Built in 1936, this property is explicitly marketed as a 'fantastic FLIP opportunity' requiring a 'complete renovation' and is sold 'AS IS' for 'CASH ONLY.' Interior images reveal severe disrepair, including a large hole in the ceiling exposing structural elements, indicating significant defects and an extensive renovation scope. The exterior also shows signs of neglect and unfinished work. The property is far from move-in ready and requires substantial repairs and rehabilitation to be habitable, aligning with the 'Poor' condition criteria.
Pros & Cons

Pros

Exceptional Location: Situated in a highly desirable Highland Park neighborhood, offering convenient access to vibrant commercial hubs (York & Figueroa Blvds), major employment centers (Pasadena, DTLA), and educational institutions (Occidental College), with easy highway access.
Significant Renovation Potential: Explicitly marketed as a 'fantastic flip opportunity' with 'incredible potential for a complete renovation,' appealing directly to investors and those seeking a custom project.
Generous Lot Size: A spacious 8,469 sq ft lot provides ample space for potential expansion, extensive landscaping, or creating a private compound.
Scenic Mountain Views: Positioned on a hillside, the property boasts mountain views from a permitted open deck, enhancing its aesthetic appeal and potential for outdoor living.
Ample Off-Street Parking: Features a long driveway capable of accommodating multiple vehicles, a valuable asset in Los Angeles where parking can be scarce.

Cons

As-Is Sale Condition: The property is explicitly sold 'as-is,' indicating that the buyer will be responsible for all necessary repairs, renovations, and upgrades without seller contribution.
Cash-Only Transaction: The requirement for a 'cash only' purchase significantly restricts the pool of potential buyers, as it excludes those who rely on conventional mortgage financing.
Extensive Renovation Scope: Given its 1936 construction and 'flip opportunity' designation, the property likely requires a comprehensive and costly renovation, including updating major systems and finishes, to bring it to modern market standards.

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