
Los Angeles, California 90023
This Value-Add Residential Asset presents a High-Potential Investment Opportunity with a List Price of $499,000—positioned well below the $509,098 Fair Market Value by 1%. This valuation gap offers $10,098 in Instant Equity in the rapidly evolving Boyle Heights market. With a Condition Rating of 5, the property requires a full gut rehabilitation but provides significant upside via a 500 sq.ft. bonus structure with ADU potential, a private patio, and City Lights views. Located in the Los Angeles Unified School District, this is a strategic acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1152 Marietta Street Subject | $499,000* List Price | 2 | 2 | 1,331 | $382 | - |
A 1153 Euclid Sold | $490,000 | 3 | 2 | 1,147 | $427 | 0.2 mi |
B 924 S Mott Sold | $600,000 | 3 | 2 | 1,747 | $343 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1923, this property shows significant signs of deferred maintenance and incomplete renovations. Interior images reveal unfinished drywall, stained carpeting, mismatched flooring, and a dated kitchen with Formica countertops. The exterior exhibits peeling paint and weathered siding, indicating the home requires a full gut rehabilitation and system updates.
The approximately 500 sq.ft. bonus structure with its own bathroom provides a significant opportunity for rental income, a guest suite, or multigenerational living.
Situated near the 10, 60, 710, and 5 freeways, the property offers exceptional accessibility to Downtown Los Angeles and major employment hubs.
Priced competitively as a 'blank canvas' on a generous lot, this property offers substantial upside for investors or homeowners looking to build equity through renovation.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1331, other record living area = 831.
The home features original 1920s elements and Formica countertops, requiring a significant capital investment for modernization and cosmetic upgrades.
Built in 1923, the property likely requires updates to major systems such as plumbing, electrical, or roofing to meet modern building standards and buyer expectations.
1152 Marietta St. is a charming 2 bedroom, 1 bathroom home in the heart of Boyle Heights! This is an incredible opportunity for homeowners and investors alike. From the inviting front porch to the spacious open floor plan, this home offers a warm and welcoming feel with a large living area perfect for relaxing or entertaining. The kitchen features classic Formica countertops, abundant wood cabinetry, and plenty of space to customize to your taste. Both bedrooms are generously sized, complemented by ceiling fans throughout and a large, functional bathroom. Step outside to a backyard filled with potential… ideal for entertaining, expansion, or creating your own private retreat. A standout feature is the approximately 500 sq.ft. bonus structure complete with its own bathroom, presenting excellent ADU potential for additional income, multigenerational living, or a private guest suite (buyer to verify). The property also includes a dedicated laundry room and an additional storage shed for convenience. For investors, this property is a true value-add opportunity with strong upside potential. With the right vision, there’s room to enhance, expand, and maximize returns in one of Los Angeles’ most rapidly evolving neighborhoods. Its prime location near major freeways: including the 10, 60, 710, and 5 offers easy access to Downtown LA and beyond, making it highly desirable for renters and future buyers alike. Just minutes from local hotspots, dining, and cultural attractions, this home is a blank canvas ready to be transformed into a standout LA property. Don’t miss your chance to unlock the full potential of this Boyle Heights gem.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 44% |
| Baths | 2.0 | 1.0 | 61% |
| Square foot | 1,331 | 1,067 | 72% |
| Lot Size | 5,198 | 5,070 | 61% |
| Price | $499.0K | $585.0K | 33% |
| Price per sq ft | $375 | $550 | 17% |
| Built year | 1923 | 1922 | 56% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 150 | 6% |
May 5, 2026
$499,000
Initial Listing