
Los Angeles, California 90023
This property presents a High-Potential Investment Opportunity with a List Price of $475,000—positioned well below the $470,754 Fair Market Value by 0% (priced at market). While the property requires significant rehabilitation due to its Condition Rating of 5, the 5,001 sqft lot provides substantial upside for expansion or ADU development. Located in the Boyle Heights area, this Single Family Residence offers a strategic location for commuters. This is a complex, value-add acquisition ideal for Fix-and-Flip Investors or Contractors capable of managing a short sale.
Property is extensive renovation needed.
Property is 100 years old (built 1924) with no evidence of recent renovations. The listing explicitly states it 'needs TLC,' is a short sale, and is sold in 'as is condition,' indicating significant deferred maintenance and the need for a full rehab.
Priced at $475,000, which is substantially lower than its previous sales history of $750,000 and $658,000, offering a high-margin opportunity for investors or flippers.
The 5,001 square foot lot is quite large for a property of this footprint, providing ample space for potential expansion, landscaping, or the addition of an Accessory Dwelling Unit (ADU).
Located in the Boyle Heights area, the property offers excellent proximity to Downtown Los Angeles and major transportation corridors, making it a desirable spot for commuters.
The property is a short sale subject to lender approval, which typically involves a lengthy closing process and a higher degree of transaction uncertainty.
Sold in 'as-is' condition and explicitly requiring 'TLC,' the home likely has significant deferred maintenance that will require immediate capital expenditure.
SHORT SALE - Subject to lenders approval. Listing Broker, Sellers and Agent do not guarantee the accuracy of square footage, bed/bath count, lot size, permit info, parking, descriptions herein, or other info as to conditions-features of property provided by the seller or obtained from public records-other sources. Information is deemed reliable but not guaranteed. Buyer is advised to independently verify the accuracy of all info through personal inspection and with appropriate professionals. Buyers to verify ALL aspects of property. Property to be sold "as is condition." Property needs TLC.
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 | 620 | 1,672 |
| Lot Size | 5,001 | 6,067 |
| Price | $475.0K | $1.37M |
| Price per sq ft | $766 | $801 |
| Built year | 1924 | 1939 |
| HOA | $0 | $348 |
| Days on market | 2 | 56 |
Jul 20, 2026
$475,000
Initial Listing
Apr 10, 2025
$750,000
Public Record
Nov 30, 2022
$658,000
Public Record
Nov 18, 2021
$320,000
Public Record