1122 W 124th Street, Los Angeles, California 90044, Los Angeles, 90044 - 2 bed, 1 bath
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Los Angeles, California 90044
This property presents a High-Potential Investment Opportunity with a List Price of $550,000—positioned well below the $572,959 Fair Market Value by 4%. This valuation gap offers $22,959 in Instant Equity for buyers. With a Condition Rating of 5, the home requires a full renovation, yet the 7,503 sq ft lot provides significant ADU Development Potential. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking to maximize value through structural improvements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1122 W 124th Street Subject | $550,000* List Price | 2 | 1 | 1,331 | $438 | - |
A 735 W 126th Sold | $610,000 | 2 | 2 | 1,569 | $389 | 0.4 mi |
B 1251 W 119th Street Sold | $685,000 | 3 | 2 | 1,312 | $522 | 0.4 mi |
C 1046 123 Rd Street Sold | $670,000 | 3 | 1 | 1,345 | $498 | 0.1 mi |
D 11113 Berendo Avenue Sold | $630,000 | 3 | 1 | 1,232 | $511 | 1.0 mi |
E 12126 Ainsworth Sold | $550,000 | 3 | 1 | 1,342 | $410 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Property is over 70 years old (built 1954) and described as a probate sale 'diamond in the rough' that requires a handyman, indicating significant deferred maintenance and the need for a full rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7503, living area = 1331.
The generous 7,503 square foot lot is larger than average for the area, providing ample space to construct an Accessory Dwelling Unit (ADU) for rental income or multi-generational living.
As a 'diamond in the rough' priced at $550,000, this property offers substantial equity growth potential for investors or handy owner-occupants willing to perform renovations.
The property is in distressed condition and requires significant repairs and cosmetic updates, which may limit financing options to cash or specialized renovation loans.
The sale requires court confirmation, which typically involves a more rigid legal process and a potentially longer closing timeline than a standard residential transaction.
PROBATE SALE. REQUIRES COURT CONFIRMATION. Diamond in the rough. Bring your paint brush and handyman. This 2 bedroom 1bath 1331 sq ft home features washer dryer hookups. The home is located in a quiet neighborhood. The 7501 sf lot is large enough for an ADU. Located close to freeways for easy commute. Buyer to verify room count, square foot, lot size and all permits and satisfy self. Call listing agent for showing
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,331 | 1,672 |
| Lot Size | 7,503 | 6,067 |
| Price | $550.0K | $1.37M |
| Price per sq ft | $413 | $801 |
| Built year | 1954 | 1939 |
| HOA | $0 | $348 |
| Days on market | 44 | 56 |
Jun 8, 2026
$550,000
Initial Listing