
Los Angeles, California 90006
This Koreatown Redevelopment Asset represents a High-Potential Investment Opportunity listed at $995,000, reflecting a stable entry point at its $995,000 Fair Market Value. Currently in Poor Condition, the primary value of this 1903-built fixer is driven by the 5,908 SF lot featuring LAR4 Zoning with TOC Tier 3 status. These designations permit 14 units by right or up to 24 units with TOC incentives, providing significant potential for forced appreciation. This high-density site is a strategic acquisition for Developers or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1025 S Kenmore Avenue Subject | $995,000* List Price | 3 | 2 | 1,374 | $724 | - |
A 1125 S Kenmore Avenue Active | $1,170,000 List Price | 3 | 2 | 1,260 | $929 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1903-built property is explicitly marketed as a 'fixer' and is being sold in 'as-is' condition. It requires substantial repairs and rehabilitation to meet modern living standards. The listing emphasizes the land's redevelopment potential for multi-unit housing (up to 24 units), indicating that the current structure has significant deferred maintenance and outdated systems typical of a century-old home that has not undergone recent major renovations.
Completely vacant fixer located within the Koreatown area of Los Angeles. This single-family residence offers 3 bedrooms and 2 bathrooms, including a primary bedroom with an ensuite bath and a Jack-and-Jill bathroom serving the remaining two bedrooms. The home includes a separate dining room and an enclosed back porch providing additional flexible space. Exterior amenities include outdoor laundry, a detached garage, an additional shed, and a rear garden area. Situated on a 5,906 SF lot and zoned LAR4 with TOC Tier 3, the property presents strong value-add or redevelopment potential with 14 units by right and 24 units with TOC incentives, plus additional ADU units (Buyer to verify). Perfect for a buyer with a vision looking to build their dream home, or for investors seeking to renovate or redevelop. Property is being sold as-is, where-is condition.
No exterior & parking available.
Grades K-2 • 0.1 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 33% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 1,374 | 2,176 | 33% |
| Lot Size | 5,908 | 5,953.5 | 50% |
| Price | $995.0K | $805.0K | 67% |
| Price per sq ft | $724 | $393 | 83% |
| Built year | 1903 | 1903 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 128 | 187 | 33% |
Feb 12, 2026
$995,000
$1,025,000
-3% Price Drop
Initial Listing
Dec 15, 2025
$1,025,000
Initial Listing