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Discover an exceptional investment opportunity in a prime Los Angeles location! The property includes HPOZ and LADBS-approved renovation plans, which include upgrades to plumbing, electrical systems as needed, and roofing, as well as renovations of the bathrooms, kitchen, flooring, and interior paint throughout. This historic Craftsman property offers multiple private rooms and five bathrooms, creating a unique residential income opportunity in the heart of the Westlake/Pico-Union area. Located minutes from USC, Downtown Los Angeles, Crypto.com Arena, and Koreatown, the property is well positioned for shared housing, workforce housing, student housing, co-living, or long-term residential occupancy. The home also features an oversized formal living room and dining room with original historic architecture and high ceilings. Additional features include central heating, on-site gated parking area, and a secured perimeter fence. With RD1.5-1-HPOZ zoning, the property presents a unique value-add opportunity for investors. Buyers should verify all permitted uses, zoning, permits, and development potential with the appropriate governmental agencies. This property is ideal for investors seeking immediate value-add potential, long-term appreciation, and multiple residential income strategies.
Property Type(s):
Commercial
| Last Updated | 7/16/2026 | Year Built | 1903 |
|---|---|---|---|
| Community | PHHT - Park Hills Heights | County | Los Angeles |
Price History
| Prior to Feb 2, '26 | $975,000 |
|---|---|
| Feb 2, '26 - Mar 19, '26 | $899,000 |
| Mar 19, '26 - May 4, '26 | $850,000 |
| May 4, '26 - Jun 26, '26 | $900,000 |
| Jun 26, '26 - Today | $800,000 |
Additional Details
| AREA | PHHT - Park Hills Heights |
|---|---|
| LOT | 8668 sq ft |
| LOT DIMENSIONS | 8669 |
| STORIES | 2 |
| WATER | Public |
Location
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Listed with JohnHart Real Estate
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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