10722 Anzac Avenue, Los Angeles, California 90059, Los Angeles, 90059 - 2 bed, 1 bath
ACTIVE$399,900
10722 Anzac Avenue, Los Angeles, California 90059
2Beds
1Bath
720Sqft
5,195Lot
Year Built
1923
Close
-
List price
$400K
Original List price
$400K
Price/Sqft
$555
HOA
-
Days on market
-
Sold On
-
MLS number
DW25202613
Home ConditionTear down
Features
View-
About this home
Possibly Over-Priced:The estimated price is 18% below the list price. We found 3 Cons,5 Pros. Rank: price - $399.9K(6th), sqft - 720(4th), beds - 2(28th), baths - 1(43th).
GREAT OPPORTUNITY. LOTS OF EQUITY. BIG LOT, HOUSE NEEDS WORK AND IMAGINATION. BUILD UP TO 2 ADU'S. LOWEST PRICE IN THE AREA FOR SUCH A BIG LOT
Nearby schools
3/10
Grape Street Elementary School
Public,•K-5•0.3mi
2/10
Lovelia P. Flournoy Elementary School
Public,•K-5•0.5mi
2/10
Weigand Avenue Elementary School
Public,•K-5•0.5mi
3/10
Compton Avenue Elementary School
Public,•K-5•0.6mi
5/10
Ritter Elementary School
Public,•K-5•0.6mi
3/10
One Hundred Twelfth Street Elementary School
Public,•K-5•0.9mi
3/10
Ninety-Sixth Street Elementary School
Public,•K-6•1.0mi
4/10
Ninety-Second Street Elementary School
Public,•K-6•1.0mi
6/10
Montara Avenue Elementary School
Public,•K-6•1.2mi
5/10
Martin Luther King Elementary School
Public,•PK-6•1.2mi
5/10
Lincoln Elementary School
Public,•K-5•1.3mi
4/10
Stanford Avenue Elementary School
Public,•K-5•1.3mi
5/10
Ninety-Ninth Street Elementary School
Public,•K-6•1.3mi
2/10
One Hundred Ninth Street Elementary School
Public,•K-5•1.3mi
4/10
Judith F. Baca Arts Academy
Public,•K-6•1.3mi
7/10
Willow Elementary
Public,•K-5•1.5mi
4/10
One Hundred Sixteenth Street Elementary School
Public,•K-5•1.6mi
5/10
Lindbergh Elementary School
Public,•K-6•1.9mi
4/10
Griffin Avenue Elementary School
Public,•K-5•9.1mi
3/10
Edwin Markham Middle School
Public,•6-8•0.5mi
2/10
Southeast Middle School
Public,•6-8•0.9mi
2/10
Lincoln Elementary School
Public,•K-7•0.9mi
3/10
Carver Elementary School
Public,•PK-8•1.2mi
2/10
Bunche Middle School
Public,•6-8•1.3mi
5/10
Willowbrook Middle School
Public,•6-8•1.6mi
1/10
Charles Drew Middle School
Public,•6-8•1.7mi
2/10
Cesar Chavez Middle School
Public,•6-8•2.0mi
2/10
Samuel Gompers Middle School
Public,•6-8•2.3mi
3/10
Lynwood Middle School
Public,•7-8•2.5mi
2/10
David Starr Jordan Senior High School
Public,•9-12•0.5mi
6/10
South East High School
Public,•9-12•1.0mi
9/10
Compton Early College High
Public,•9-12•1.6mi
3/10
Centennial High School
Public,•9-12•1.8mi
4/10
Lynwood High School
Public,•9-12•2.7mi
3/10
John C. Fremont Senior High School
Public,•9-12•2.9mi
4/10
Marco Antonio Firebaugh High School
Public,•9-12•3.4mi
6/10
International Studies Learning Center At Legacy High School Complex
Public,•6-12•3.4mi
Price History
Date
Event
Price
09/08/25
Listing
$399,900
Condition Rating
Tear down
The property, built in 1923, is in an unlivable condition. Images reveal severe structural issues, including a collapsed ceiling in an interior room, extensive peeling paint, and general dilapidation. The MLS description explicitly states the house 'needs work and imagination' and highlights the 'BIG LOT' and potential to 'BUILD UP TO 2 ADU'S,' strongly suggesting the value is in the land for redevelopment rather than the existing structure. The visible damage indicates the structure is beyond economical repair.
Pros & Cons
Pros
ADU Development Potential: The property offers a significant opportunity to build up to two Accessory Dwelling Units (ADUs), enhancing its income potential and overall value.
Generous Lot Size: A substantial 5195 sqft lot provides ample space for expansion, landscaping, or the development of additional units.
Significant Equity Opportunity: Explicitly marketed with 'LOTS OF EQUITY,' this property presents a strong investment opportunity for value appreciation post-renovation.
Competitive Market Pricing: Listed as the 'LOWEST PRICE IN THE AREA FOR SUCH A BIG LOT,' it offers an attractive entry point for buyers and investors seeking value.
Strategic Los Angeles Location: Located in Los Angeles, the property benefits from the city's dynamic real estate market and potential for long-term appreciation.
Cons
Extensive Renovation Required: The description 'HOUSE NEEDS WORK AND IMAGINATION' indicates the property requires substantial renovation and capital investment to modernize and improve.
Advanced Age of Structure: Built in 1923, the home is over a century old, suggesting potential for outdated systems, structural issues, and the need for comprehensive updates.
Limited Living Space: With only 720 sqft, 2 bedrooms, and 1 bathroom, the current living space is quite small, which may limit its appeal to larger families or those desiring more spacious accommodations.