114 W 124th, Los Angeles, California 90061, Los Angeles, 90061 - 3 bed, 2 bath
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Los Angeles, California 90061
This property presents a High-Potential Investment Opportunity with a List Price of $625,000—positioned well below the $629,405 Fair Market Value by 0.7%. This valuation gap offers $4,405 in Instant Equity for buyers willing to execute a renovation plan. With a Condition Rating of 5, the home requires significant modernization. The 8,504 sqft lot provides substantial upside for an ADU or expansion. This is a probate sale requiring court confirmation, ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 114 W 124th Subject | $625,000* List Price | 3 | 2 | 1,408 | $447 | - |
A 351 E 124th Sold | $581,000 | 3 | 2 | 1,136 | $511 | 0.4 mi |
B 317 E 115th Street Sold | $555,000 | 2 | 1 | 1,120 | $496 | 0.8 mi |
C 210 W 113th Sold | $455,000 | 4 | 1 | 1,068 | $426 | 0.8 mi |
D 315 W 120th Street Sold | $450,000 | 3 | 1 | 956 | $471 | 0.4 mi |
E 331 E 119th Street Sold | $613,500 | 4 | 2 | 1,800 | $341 | 0.5 mi |
F 321 E 119th Active | $660,000 List Price | 3 | 2 | 1,452 | $455 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1964 (62 years old) and explicitly marketed as a 'fixer' in 'as-is' condition. While currently tenant-occupied, the listing emphasizes significant renovation potential and probate sale status, indicating that the kitchen, baths, and major systems are likely original or severely outdated and require a full rehab.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 = 8504, living area = 1408.
The property features a substantial 8,504 sqft lot, offering significant potential for an Accessory Dwelling Unit (ADU), home expansion, or extensive outdoor landscaping.
As a fixer-upper, this residence provides a prime opportunity for investors or owner-users to build immediate equity through strategic renovations and customization.
The requirement for court confirmation can lead to a more prolonged and complex closing process compared to a standard residential transaction.
Being sold in 'as-is' condition, the property necessitates a significant capital investment to address repairs and modernize the home to current market standards.
Fixer opportunity in South Los Angeles near Athens Park. This three-bedroom, one-bath home offers a significant potential for renovation and customization. Ideal for an investor, or buyer looking to create a home tailored to their vision. Conveniently located near neighborhood parks, schools, shopping, public transportation, and major thoroughfares. Property is being sold in its present AS-IS condition. Buyer to independently verify all property information, permits, square footage, zoning, and potential uses. Property is currently Tennant occupied but will be delivered vacant. THIS IS A PROBATE SALE-COURT CONFIRMATION REQUIRED.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,408 | 1,672 |
| Lot Size | 8,504 | 6,067 |
| Price | $625.0K | $1.37M |
| Price per sq ft | $444 | $801 |
| Built year | 1964 | 1939 |
| HOA | $0 | $348 |
| Days on market | 4 | 56 |
Jul 21, 2026
$625,000
Initial Listing