1023 De Garmo Drive, Los Angeles, California 90063, Los Angeles, 90063 - 2 bed, 1 bath
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Los Angeles, California 90063
This Investor-Focused Fixer is listed at $525,000, aligning with its $510,395 Fair Market Value. Despite a Poor Condition Rating requiring a total renovation, the property offers massive upside via its 7,500 sqft lot—over twelve times the size of the current living area. Featuring panoramic City Lights views and a functional basement, the site provides significant Development Potential for expansion or ADU additions within the Los Angeles Unified district. This is a high-upside acquisition perfectly suited for Fix-and-Flip Investors or Developers targeting the Boyle Heights market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1023 De Garmo Drive Subject | $525,000* List Price | 2 | 1 | 606 | $842 | - |
A 1129 N Alma Sold | $540,000 | 3 | 2 | 792 | $682 | 0.4 mi |
B 3754 Dwiggins Street Sold | $657,000 | 2 | 1 | 790 | $832 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1938 and marketed as a fixer-upper, the property shows significant neglect; the kitchen is in disrepair with missing appliances and damaged surfaces, and the overall structure requires a total gut renovation of all systems and finishes.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7500, living area = 606.
The oversized 7,500 sqft lot provides a massive footprint relative to the 606 sqft structure, offering ample room for expansion, ADU construction, or a complete residential redevelopment.
Boasting 'City Lights' views and close proximity to Downtown Los Angeles and major freeways, the property is positioned in a high-demand area for commuters and investors.
The property is sold in 'as-is' fixer condition, requiring a substantial capital injection for renovations, repairs, and modernization of the 1938 systems.
At only 606 square feet for a two-bedroom layout, the current interior living space is exceptionally small, which may limit financing options and immediate appeal to traditional owner-occupants.
Investor opportunity near Downtown Los Angeles with significant upside potential. This 2-bedroom, 1-bath home sits on a good-sized lot with front and back yard space, a one-car garage, and a basement, offering multiple value-add possibilities. Property is a fixer and ideal for investors, flippers, or developers looking to renovate, expand, or reposition. The lot layout may allow for additional square footage (buyer to verify with city), making it a strong candidate for increased returns. Enjoy beautiful views and a prime location with close proximity to Downtown Los Angeles, major freeways, shopping, and dining. Rare chance to acquire a property with expansion potential in a high-demand area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 41% |
| Baths | 1.0 | 2.0 | 41% |
| Square foot | 606 | 1,172 | 9% |
| Lot Size | 7,500 | 4,889 | 93% |
| Price | $525.0K | $668.5K | 16% |
| Price per sq ft | $866 | $610 | 86% |
| Built year | 1938 | 1925 | 64% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 171 | 5% |
Apr 23, 2026
$525,000
Initial Listing