281 East AVENUE 33, Los Angeles, CA 90031
281 East AVENUE 33, Los Angeles, CA 90031
Property Description
Step into 1895 and discover a rare Victorian treasure. Only the second time on the market for more than 70 years. This property is set up as a house, and yet it was functioning as a Duplex for decades. Perfect opportunity for developers and flippers, prime location, endless potential, and ready to be reimagined for maximum return. This 3-bedroom, 3-bath home overflows with original character, hardwood floors, vintage windows, and timeless architectural charm. Tucked away on a quiet cul-de-sac, it backs up to a road and offers mountain and downtown skyline views in a peaceful, park-like setting. The garden, patios, and outdoor entertaining areas invite you to enjoy nature right at your doorstep, bordering Montecito Heights Open Space and hiking trails. Just minutes from Highland Park, Debs Park, and Heritage Square Museum. Parking for two cars. A one-of-a-kind opportunity to own a true piece of Los Angeles history. *** This property will need to be purchased with Cash, a 203(k) Loan, Construction Financing, or a hard money loan. ***
Features & Amenities
Property Details
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Comparative Market Analysis
Residential Tier · 5 active · 5 closed
Los Angeles · Single Family Residence
Listed 57.9% below the median closed sale of $2,280,000. Price per sqft ($530) is a 53% discount to closed comps ($1,133). Closed comps sold at 100% of list — strong seller's market.
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 1614 35th | Los Angeles | 1900 | 3 | 1 | 1,418 | 6,802 | $561 | $794,888 | 65 | 80 |
| 3126 Oakcrest Drive | Los Angeles | 1975 | 3 | 2 | 1,412 | 8,002 | $1,059 | $1.50M | 2 | 74 |
| 5709 Alviso | Los Angeles | 1938 | 3 | 3 | 1,429 | 5,802 | $822 | $1.18M | 93 | 72 |
| 1503 Gage Avenue | Los Angeles | 2007 | 3 | 3 | 1,412 | 2,366 | $425 | $599,999 | 145 | 71 |
| 2389 31st Street | Los Angeles | 1910 | 3 | 2 | 1,426 | 5,001 | $911 | $1.30M | 35 | 71 |
| Total: 5 · Average | 3.0 | 2.2 | 1,419.4 | 5,594.6 | $755.6 | $1.07M | 68 | |||
| Median | 1,418 | $1.18M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1565 Murray Circle | Los Angeles | 1924 | 10/08/2026 | 3 | 3 | 2,110 | 5,694 | $2.48M | $2.28M | $1,081 | 0.92 | 90 | 82 |
| 1632 Maltman Avenue | Los Angeles | 1912 | 10/08/2026 | 3 | 2 | 2,020 | 7,239 | $2.10M | $2.42M | $1,200 | 1.16 | 23 | 81 |
| 3833 Coolidge Avenue | Los Angeles | 1947 | 10/09/2026 | 3 | 2 | 2,062 | 5,204 | $2.00M | $2.00M | $972 | 1.00 | 56 | 79 |
| 1216 Virgil Avenue | Los Angeles | 1905 | 10/09/2026 | 4 | 4 | 1,826 | 5,751 | $1.40M | $1.30M | $712 | 0.93 | 36 | 77 |
| 12531 Mitchell Avenue | Los Angeles | 1939 | 10/07/2026 | 3 | 3 | 1,616 | 5,750 | $2.75M | $2.75M | $1,702 | 1.00 | 33 | 75 |
| Total: 5 · Average | 3.2 | 2.8 | 1,926.8 | 5,927.6 | $2.15M | $2.15M | $1,133.4 | — | 47.6 | ||||
| Median | 2,020 | $2.28M | $2.28M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.