1143 1143 S Grande Vista, Los Angeles, California 90023, Los Angeles, 90023 - 3 bed, 2 bath
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Los Angeles, California 90023
This Value-Add Residential Asset is listed at $585,000, representing a strategic acquisition in the high-demand Boyle Heights submarket. Although the price exceeds the $534,516 Fair Market Value, the property’s Poor Condition Rating and expansive 5,959 Sq. Ft. Lot provide a significant canvas for forced appreciation through renovation and ADU Potential. The 1914-built home requires comprehensive infrastructure updates but benefits from Alley Access and a Patio. Located within the Los Angeles Unified School District, this project is best suited for Fix-and-Flip Investors or Contractors targeting long-term equity growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1143 1143 S Grande Vista Subject | $585,000* List Price | 3 | 2 | 1,102 | $485 | - |
A 1153 Euclid Sold | $490,000 | 3 | 2 | 1,147 | $427 | 0.2 mi |
B 3320 Opal Street Sold | $719,000 | 4 | 1 | 1,335 | $539 | 0.2 mi |
C 3334 Estrada St Sold | $590,000 | 3 | 1 | 960 | $615 | 0.2 mi |
D 1016 S Grande Vista Avenue Sold | $560,000 | 2 | 1 | 936 | $598 | 0.3 mi |
E 3726 Lee Street Sold | $559,000 | 2 | 1 | 1,030 | $543 | 0.9 mi |
F 2823 E 6th Active | $600,000 List Price | 3 | 2 | 1,020 | $588 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1914, this property is in very poor condition, requiring substantial repairs and rehabilitation. The kitchen features extremely outdated tiled countertops, worn cabinets, and an old-style sink, with no modern appliances visible. The bathroom is basic and dated with a pedestal sink and simple shower/tub combo. Flooring throughout the home is a mix of heavily worn, peeling wood and old, damaged linoleum/tile. Windows appear old and some are covered with plastic. The property description explicitly states it requires 'significant modernization of systems, infrastructure, and aesthetics' and 'substantial investment in renovations,' aligning with the 'poor' classification.
The property explicitly offers the option to build an Accessory Dwelling Unit (ADU), providing significant income potential or additional living space in a high-demand market.
A nearly 6,000 sq. ft. lot provides ample space for expansion, outdoor living, landscaping, or the development of an ADU, which is a premium in Los Angeles.
Centrally located with easy freeway access, the property is close to schools, shopping, dining, and major Los Angeles entertainment, enhancing convenience and desirability.
Built in 1914, the home is likely to require significant modernization of systems, infrastructure, and aesthetics to meet contemporary standards.
With 1.5 bathrooms for a 3-bedroom home, the property offers fewer bathrooms than typically desired by modern families, suggesting a need for renovation or expansion in this area.
The description emphasizes the property's 'potential' to update and expand, indicating it is not move-in ready and will require substantial investment in renovations to unlock its full value.
Charming Los Angeles Home with ADU Potential Welcome to this 3-bedroom, 1.5-bath home offering 1,102 sq. ft. of living space on a generous nearly 6,000 sq. ft. lot. This property is filled with potential—whether you’re looking to update, expand, or take advantage of the option to build an ADU. Features include a long driveway with ample parking and convenient alley access. The spacious lot provides plenty of outdoor possibilities, from creating a private backyard retreat to adding additional living space. Centrally located with easy freeway access and close to schools, shopping, dining, and all of Los Angeles’ best entertainment. A great opportunity for investors or buyers looking to add value!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 1.0 | 61% |
| Square foot | 1,102 | 1,117 | 44% |
| Lot Size | 5,959 | 5,075 | 67% |
| Price | $585.0K | $587.5K | 50% |
| Price per sq ft | $531 | $539 | 44% |
| Built year | 1914 | 1915 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 202 | 182 | 67% |
Dec 10, 2025
$585,000
$620,000
-6% Price Drop
Initial Listing
Oct 2, 2025
$620,000
Initial Listing