
Los Angeles, California 90057
This High-Potential Residential Asset is a High-Potential Investment Opportunity, listed at $999,999—positioned well below the $1,140,328 Fair Market Value by 12%. This valuation gap offers $140,329 in Instant Equity for savvy buyers. While maintaining a Move-in Ready Condition Rating, the property features rare R-4 Zoning for high-density development and Stunning City Light Views. Key upgrades include a Recently Installed Roof, Purchased Solar Panels, and Earthquake Foundation Retrofitting near Top-Rated Schools like Hoover Street Elementary. This is an ideal acquisition for Developers or Owner-Occupants seeking immediate equity and long-term upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 107 S Rampart Boulevard Subject | $999,999* List Price | 5 | 2 | 2,248 | $507 | - |
A 135 S Dillon Street Sold | $1,188,500 | 3 | 3 | 2,078 | $572 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1910, the property is move-in ready and has undergone significant updates. The interior features newer laminate flooring, updated kitchen cabinetry with granite countertops, and stainless steel appliances. Key system upgrades include a recently installed roof, earthquake foundation retrofitting, solar panels, and modern mini-split HVAC units, making it well-maintained despite its vintage character.
The property is situated on an R-4 zoned lot, providing a rare and lucrative opportunity for developers to build multi-unit housing in a high-demand Los Angeles submarket.
Key capital improvements have already been completed, including a recently installed roof, earthquake foundation retrofitting, and fully owned solar panels, offering immediate value and peace of mind.
Boasting a central location near Downtown L.A. with stunning city light views, the property offers high desirability for future tenants or owners seeking an urban lifestyle.
Built in 1910, the home likely requires extensive interior modernization and potential updates to aging electrical or plumbing systems to meet modern living standards.
The current configuration of 5 bedrooms and only 2 bathrooms is disproportionate for a large residence, which may necessitate costly reconfiguration or additional plumbing installations.
Perfect opportunity for development. R-4 zoning, Seller is motivated to sell property. it will not be last long. Location Location Location. Incompatible value home. Living with city view as you dream. The house is on R-4 zoning with high potential and it is highly lower than current value. Roof was installed recently. Earthquake foundation support is completed. Solar panel is installed( purchased)
No exterior & parking available.
Grades K • 0.3 mi
Grades K-1 • 0.4 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.5 | 83% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,248 | 1,860 | 67% |
| Lot Size | 5,032 | 4,912 | 50% |
| Price | $1000.0K | $1.05M | 50% |
| Price per sq ft | $445 | $515 | 33% |
| Built year | 1910 | 1916 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 124 | 17% |
Mar 25, 2026
$999,999
Initial Listing
Apr 8, 2011
$400,000
Public Record