103 E 118th, Los Angeles, California 90061, Los Angeles, 90061 - 0 bed, 0 bath
Loading property details...
Los Angeles, California 90061
This High-Potential Investment Opportunity is a Quadruplex Asset listed at $899,000, positioned well below the $937,562 Fair Market Value by 4%. This valuation gap offers $38,562 in Instant Equity. With a Fair Condition Rating, the property features a high-demand unit mix and significant ADU Development Potential on its large corner lot. While the aging infrastructure requires capital improvements, the individual laundry and garage amenities ensure strong rental appeal. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 103 E 118th Subject | $899,000* List Price | 0 | 0 | 3,132 | $299 | - |
A 315 E 118th Sold | $750,000 | 0 | 0 | 2,183 | $344 | 0.3 mi |
B 228 W Imperial Sold | $715,000 | 0 | 0 | 2,275 | $314 | 0.4 mi |
C 418 420 E 120th Street Sold | $707,000 | 0 | 0 | 2,220 | $318 | 0.4 mi |
D 418 E 120th Street Sold | $707,000 | 8 | 4 | 2,220 | $318 | 0.4 mi |
E 151 E 121st Active | $849,999 List Price | 0 | 0 | 2,737 | $311 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1950 (76 years old) with no mention of recent renovations to kitchens, bathrooms, or major systems. The listing's focus on 'upside opportunity' and 'development potential' typically indicates the existing structure requires significant rehabilitation to reach market standards.
The property features four 2-bedroom, 1-bathroom units, a highly desirable configuration that maximizes rental income potential and appeals to a broad tenant base in the Los Angeles market.
Situated on a large corner lot, the property offers significant value-add opportunity through the potential construction of an Accessory Dwelling Unit (ADU) in the expansive front yard area.
Each unit includes its own individual laundry room and access to detached garages, providing rare and convenient amenities that enhance tenant retention and support higher rental rates.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3132, other record living area = 3230.
Built in 1950, the property may require substantial capital improvements to major systems such as plumbing, electrical, and roofing to meet modern standards and mitigate maintenance costs.
The highlighted ADU and development upside are subject to city verification and strict Los Angeles zoning codes, which may involve complex permitting processes and additional investment costs.
Rare opportunity! Huge corner lot featuring a two-story 4-unit apartment building. Each unit offers @ bedrooms and 1 bathroom with its own individual laundry room. Property includes 2 detached garages, providing additional parking and storage potential. The expensive front yard offers possibility ADU development potential (buyer to verify w city). Excellent upside opportunity for an investor looking for rental income, future development, and long-term appreciate
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,132 | 2,250 |
| Lot Size | 6,128 | 5,864 |
| Price | $899.0K | $826.7K |
| Price per sq ft | $287 | $395 |
| Built year | 1950 | 1925 |
| HOA | $0 | $0 |
| Days on market | 16 | 83 |
Jul 6, 2026
$899,000
Initial Listing
Jun 10, 2022
$750,000
Public Record
May 1, 2009
$167,636
Public Record
Dec 28, 2000
$120,000
Public Record
Sep 17, 1999
$160,000
Public Record