Check Availability
$700,000
● House - In Contract

787 Terrace 49

Los Angeles, CA 90042
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,009 Ft²
$3,438
Est. Monthly

About This Property

Finally, Short Sale Approved at $700,000! Excellent opportunity for investors, builders, or buyers looking for a value-add property in Mount Washington. Situated on an expansive lot with panoramic mountain, hillside, and treetop views, the property offers generous outdoor space, privacy, and potential for a variety of future improvements, subject to buyer verification and applicable governmental requirements.

Public records reflect a 1-bedroom, 1-bathroom residence of approximately 870 sq. ft. The property is currently configured with a multi-level layout featuring 4 bedrooms and 4 bathrooms. Some additions and improvements may have been completed without permits and/or final approvals. Buyer is advised to independently investigate and verify the permitted and legal status of all existing improvements.

Additional features include a large wraparound view deck, dual-pane windows, and multiple living areas across several levels. Conveniently located near Highland Park, Eagle Rock, Downtown Los Angeles, dining, shopping, and other local amenities.

Property is being sold strictly AS-IS. Seller will not make repairs or provide credits. Buyer and Buyer's Agent are strongly advised to conduct their own due diligence and independently verify all information regarding the property with the city, including but not limited to square footage, bedroom and bathroom count, permits, legal use, zoning, lot size and boundaries, development or ADU potential, and overall property condition prior to acceptance of offer.
Unit Size
2,009 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$348
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1936

Listed By

Kevin Dijamco
Kevin Dijamco
Coldwell Banker Hallmark Realty

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Last updated: 7 days ago (CRMLS #GD26161655)

Price History

Date / Event Date Event Price
Oct 15, 2026 In contract -
In contract
Sep 26, 2026 Price Decreased $700,000
↓ $65K (8.5%)
Price Decreased
Sep 15, 2026 Price Increased $764,822
↑ $66K (9.4%)
Price Increased
Sep 5, 2026 Relisted $699,000
Relisted
Aug 25, 2026 In contract -
In contract
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Property Highlights

Garage
Air Conditioning
Fireplace
With View
Parking Details
Has Garage
Has Open Parking
Parking Features: Driveway, Garage
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Interior Features: Eat-in Kitchen, Pantry, Recessed Lighting, Storage, Balcony, SeparateFormalDiningRoom, BedroomOnMainLevel, MainLevelPrimary
Appliances: Gas Range, Dryer, Washer
Flooring Type: Carpet, Laminate, Tile
Laundry Features: Inside, See Remarks
Has Fireplace
Fireplace Features: Family Room
Exterior Details
Square Footage: 2009
Square Footage Source: $0
Property Condition: Fixer, AdditionsAlterations
Year Built Source: Assessor
Year Built: 1936
Levels: Two
Construction Materials: Drywall
Patio and Porch Features: Patio, See Remarks, Terrace, Wrap Around, Concrete, Open
Pool Features: None
Lot Features: Irregular Lot
Lot Size Area: 8469
Lot Size Units: Square Feet
Lot Size Acres: 0.1944
Lot Size Square Feet: 8469
Tax Lot: 11
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1936
  • Effective Year Built: 1936
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 28
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 16
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,466
  • Lot Size Depth Feet: 1,390
  • Total Building Area: 870
  • Building Area: 870
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 6
  • Heated Square Feet: 870
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIGHLAND PARK ENTENSION
  • Land Acres: 0000000194
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: HIGHLAND PARK EXTENSION LOT/SEC 11 BLK/DIV/TWN 6

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 185102

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 36-B2
  • Parcel: 5471-012-026
  • Block: 6
  • Lot: 11
  • Municipality: EAST /LA MT WASHINGTN
  • Latitude: 34.1123
  • Longitude: -118.209

    Address

  • Full Address: 787 Terrace 49
  • Address - House Number: 787
  • Address - Street Name: Terrace 49
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C015
  • 4-Digit Zip Code: 3134
  • Zip Code: 90042

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $791,199
  • Tax Rate Code Area: 00-004

    Appraisal Valuation

  • Standard Deviation: 0.0677
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 96
  • Final Value: 1,218,454
  • High Value: 1,301,019
  • Low Value: 1,135,889

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $669,622
  • Assessed Land Value: $535,704
  • Assessed Improvements Value: $133,918

    Sales

  • Current Sale Contract Date: May 04, 2007
  • Current Sale Recording Date: May 17, 2007
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 07-1201407
  • Previous Sale Recording Date: Jun 20, 2002
  • Previous Sale Contract Date: May 28, 2002
  • Previous Sale Amount: $260,000
  • Previous Sale Document Type: 40

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About East LA


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Frequently Asked Questions

When was property at 787 Ter built and last sold?
The property at 787 Ter was built in 1936 and last sold on May 4, 2007 for $520,000.
How much is this home worth?
The estimated value of the home located at 787 Ter is $729,002.
What are some comparable homes to 787 Ter?
There are currently no comparable homes to 787 Ter.