Discover an exceptional opportunity in the highly desirable neighborhood of University Hills in East Los Angeles. This fixer-upper sits on a generous 4,813 sq ft multi-level lot, providing the perfect canvas to bring your dream home to life. With an 861 sq ft interior featuring 3 bedrooms and 1 bathroom, this property offers plenty of potential for expansion and customization.
The front and back yards, dotted with mature fruit trees and boasting picturesque city and hillside views, create an inviting space for outdoor entertaining and relaxation. Imagine the possibilities of transforming this hidden gem into your ideal living space!
Located in a prime location, this property offers convenient access to Cal State Los Angeles, Pasadena, Downtown LA, trendy local eateries, shopping, and major Southern California freeways. Seize this rare opportunity to invest in a property brimming with promise, in one of LA’s most up-and-coming neighborhoods. Sale is subject to CA Civil Code 2924m/o.
Sold for $510,000
Listed by: Engel & Voelkers Newport Beach • Amy Hlad • Contact: 949-996-7375
Bought with: Merit Real Estate
$510,000
5040 Cavanagh Rd, Los Angeles, CA 90032
2beds
624sqft
Single Family Residence
Built in 1927
4,813 Square Feet Lot
$498,600 Zestimate®
$817/sqft
$2,911 Estimated rent
Home value
$498,600
$449,000 - $553,000
$2,911/mo
Zestimate® history
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$3,267/mo
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List your homeWhat's special
Mature fruit trees
Zillow last checked:
Listing updated:
Listed by:
Amy Hlad DRE #01967236 562-506-4794,
Engel & Voelkers Newport Beach
Bought with:
Rick Thomas, DRE #00761763
Merit Real Estate
Source: CRMLS,MLS#: OC24200744
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Rooms
- Room types: Bedroom, Entry/Foyer, Family Room, Kitchen
Bedroom
- Features: Bedroom on Main Level
Bedroom
- Features: All Bedrooms Down
Bathroom
- Features: Separate Shower, Tub Shower
Kitchen
- Features: Galley Kitchen
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: In Kitchen
Features
- All Bedrooms Down, Bedroom on Main Level, Galley Kitchen
- Flooring: Carpet, Tile
- Basement: Unfinished
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 624 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage
- Garage spaces: 1
Features
- Levels: One
- Stories: 1
- Entry location: Front Stairs
- Patio & porch: Patio
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: City Lights, Hills, Neighborhood
Lot
- Size: 4,813 Square Feet
- Features: Back Yard, Front Yard, Trees
Details
- Parcel number: 5223005008
- Zoning: LAR1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Fixer
- New construction: No
- Year built: 1927
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Biking, Foothills, Park
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $817/sqft
- Tax assessed value: $339,150
- Annual tax amount: $6,281
- Date on market: 9/29/2024
- Cumulative days on market: 142 days
- Listing terms: Cash,Submit
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 3/5/2025 | Sold | $510,000-3.6%$817/sqft |
Source:  CRMLS #OC24200744 Report a problem | ||
| 3/4/2025 | Pending sale | $529,000$848/sqft |
Source: CRMLS #OC24200744 Report a problem | ||
| 2/21/2025 | Contingent | $529,000$848/sqft |
Source: CRMLS #OC24200744 Report a problem | ||
| 1/3/2025 | Price change | $529,000-1.9%$848/sqft |
Source: CRMLS #OC24200744 Report a problem | ||
| 12/6/2024 | Price change | $539,000-1.8%$864/sqft |
Source: CRMLS #OC24200744 Report a problem | ||
| 11/25/2024 | Listed for sale | $549,000$880/sqft |
Source: CRMLS #OC24200744 Report a problem | ||
| 11/18/2024 | Contingent | $549,000$880/sqft |
Source: CRMLS #OC24200744 Report a problem | ||
| 11/8/2024 | Price change | $549,000-4.5%$880/sqft |
Source: CRMLS #OC24200744 Report a problem | ||
| 9/29/2024 | Listed for sale | $575,000+72.9%$921/sqft |
Source: CRMLS #OC24200744 Report a problem | ||
| 4/10/2024 | Sold | $332,500+157.8%$533/sqft |
Source: Public Record Report a problem | ||
| 1/23/2001 | Sold | $129,000+68.1%$207/sqft |
Source: Public Record Report a problem | ||
| 5/26/2000 | Sold | $76,759+27.9%$123/sqft |
Source: Public Record Report a problem | ||
| 10/22/1998 | Sold | $60,000-46.5%$96/sqft |
Source: Public Record Report a problem | ||
| 12/22/1997 | Sold | $112,199$180/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,281 +159.5% | $339,150 +78% |
| 2024 | $2,420 +1.9% | $190,549 +2% |
| 2023 | $2,375 +4.8% | $186,813 +2% |
| 2022 | $2,266 +1.3% | $183,151 +2% |
| 2021 | $2,237 -0.8% | $179,560 +1% |
| 2020 | $2,255 | $177,719 +2% |
| 2019 | $2,255 +6.3% | $174,236 +2% |
| 2018 | $2,121 | $170,820 +2% |
| 2017 | $2,121 +2.3% | $167,472 +2% |
| 2016 | $2,073 +2.5% | $164,189 +1.5% |
| 2015 | $2,022 +0.8% | $161,723 +2% |
| 2014 | $2,007 | $158,556 +2.5% |
| 2012 | -- | $154,746 +2% |
| 2011 | -- | $151,713 +0.8% |
| 2010 | -- | $150,580 -0.2% |
| 2009 | -- | $150,939 +2% |
| 2008 | -- | $147,981 +2% |
| 2007 | -- | $145,080 +2% |
| 2006 | -- | $142,237 |
| 2005 | -- | $142,237 +4% |
| 2004 | -- | $136,716 +1.9% |
| 2003 | -- | $134,211 +2% |
| 2002 | -- | $131,580 +115% |
| 2000 | -- | $61,200 |
Find assessor info on the county website
Neighborhood: University Hills
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Nearby schools
GreatSchools rating
- 8/10Multnomah Street Elementary SchoolGrades: K-5Distance: 1.1 mi
- 7/10El Sereno Middle SchoolGrades: 6-8Distance: 0.8 mi
- 6/10Woodrow Wilson Senior High SchoolGrades: 9-12Distance: 0.7 mi
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Estimated market value
$498,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$498,600
- California
- Los Angeles County
- Los Angeles
- 90032
- University Hills
- 5040 Cavanagh Rd
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Nearby neighborhoods
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