1018 E 73rd, Los Angeles, California 90001, Los Angeles, 90001 - 2 bed, 2 bath
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Los Angeles, California 90001
This Value-Driven Single-Family Residence is a Strong Value Opportunity, listed at $550,000—positioned well below the $591,227 Fair Market Value by 6%. This valuation gap provides $41,227 in Instant Equity for the incoming buyer. While maintaining a Condition Rating of 4, the home offers a functional 2-bedroom, 2-bathroom layout and a substantial 5,562 Sqft Lot with significant ADU potential. Located just 0.09 miles from Wisdom Elementary School, it balances immediate livability with long-term appreciation. This is an ideal acquisition for first-time buyers or Buy-and-Hold Investors seeking a stable Los Angeles asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1018 E 73rd Subject | $550,000* List Price | 2 | 2 | 977 | $605 | - |
A 1524 E 75th Sold | $640,000 | 3 | 1 | 924 | $693 | 0.6 mi |
B 906 E 75th Street Sold | $590,000 | 2 | 1 | 1,044 | $565 | 0.1 mi |
C 1309 E.68th St Sold | $510,000 | 2 | 1 | 942 | $541 | 0.5 mi |
D 846 E 83rd Street Sold | $494,777 | 2 | 1 | 1,075 | $460 | 0.7 mi |
E 623 76 623 E 76th St Pending | $650,000 List Price | 2 | 1 | 984 | $661 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1949, is move-in ready with recent cosmetic updates like new flooring and fresh paint. However, the kitchen remains outdated with older cabinetry, teal tile backsplashes, and aged appliances. The use of window AC units suggests a lack of modern central HVAC, and the overall style of the fixtures and built-ins reflects its mid-century origins without a full contemporary renovation.
The property sits on a substantial 5,562 sqft lot, providing significant outdoor space for gardening, entertaining, or potential future expansion such as an Accessory Dwelling Unit (ADU).
Located just 0.09 miles from Wisdom Elementary School, the home offers exceptional convenience and walkability for families with young children.
Featuring a 2-bedroom, 2-bathroom configuration at a competitive price point, this property serves as an ideal entry-level home or a high-demand rental opportunity in the Los Angeles market.
At only 977 sqft, the living space is relatively compact, which may feel restrictive for buyers looking for larger communal areas or spacious secondary rooms.
While elementary options are close, the assigned middle schools carry low performance ratings, which may be a deterrent for long-term family buyers.
Welcome to 1018 E 73rd St, a charming 977 sqft home located in the vibrant City of Los Angeles. This inviting property features 2 spacious bedrooms and 2 bathrooms, making it an excellent choice for first-time homebuyers or investors seeking a promising cash flow opportunity. Nestled on a substantial 5,562 sqft lot, this home offers ample outdoor space that could be transformed into a lovely garden or entertaining area. The layout is practical and well-designed, maximizing functionality while providing a cozy environment. The interior presents a comfortable living area that can be personalized to fit your style. The kitchen is equipped to handle daily meal prep and family gatherings, while the bedrooms provide a peaceful retreat at the end of the day. Natural light flows through the windows, creating a warm and welcoming atmosphere. Additionally, this property boasts proximity to local amenities, schools, parks, and public transportation, enhancing its appeal for potential renters or homeowners alike. With the right vision, 1018 E 73rd St could be a lucrative investment or a perfect place to call home. Don’t miss the chance to explore this promising opportunity in a dynamic market.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-6 • 0.4 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 44% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 977 | 1,027.5 | 47% |
| Lot Size | 5,562 | 4,951.5 | 76% |
| Price | $550.0K | $580.0K | 44% |
| Price per sq ft | $563 | $559 | 53% |
| Built year | 1949 | 1927 | 85% |
| HOA | $0 | $0 | 50% |
| Days on market | 45 | 171 | 3% |
Mar 17, 2026
$550,000
Initial Listing