
Los Angeles, California 90061
This property presents a High-Potential Investment Opportunity with a List Price of $330,000—positioned well below the $328,932 Fair Market Value (priced at market stability). Featuring R3 Zoning on a 4,025 sqft lot, this Fixer with a Condition Rating of 6 offers significant development upside when combined with the adjacent lot. The probate sale requires court confirmation, providing a strategic entry point for Buy-and-Hold Investors or Developers aiming to construct a 6-unit multi-family asset in a high-demand urban corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11714 S San Pedro Subject 2 bd · 1 ba · 642 sqft · $512 | $330,000* List Price | 2 | 1 | 642 | $512 | - |
A 11867 S Broadway Sold 2 bd · 1 ba · 684 sqft · $585 · 0.5 mi | $400,000 | 2 | 1 | 684 | $585 | 0.5 mi |
B 13028 S Main Street Sold 2 bd · 1 ba · 614 sqft · $554 · 0.9 mi | $340,000 | 2 | 1 | 614 | $554 | 0.9 mi |
C 13113 Avalon Boulevard Sold 2 bd · 1 ba · 683 sqft · $512 · 1.0 mi | $350,000 | 2 | 1 | 683 | $512 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1923 and over 100 years old with no evidence of renovation, this property is explicitly marketed as a 'fixer' for cash buyers. The listing emphasizes the R3 zoning and potential to build 6 units, indicating the value is in the land rather than the existing structure, which shows significant exterior neglect and overgrown grounds.
The property is zoned R3 on a 4,025 sqft lot, offering significant upside for investors looking to develop multi-unit housing in a high-demand urban area.
The ability to purchase this lot alongside the adjacent property at 11720 San Pedro creates a combined footprint of over 8,000 sqft, allowing for the construction of at least 6 units.
Listed at $330,000, this property provides a low-cost entry point for cash buyers and developers seeking a high-margin project in the Los Angeles market.
The sale requires court confirmation, which typically involves longer closing timelines and a more rigid legal process than standard residential transactions.
Designated as a 'fixer' and currently tenant-occupied, the property presents immediate challenges regarding renovation costs and potential relocation requirements.
PROBATE, with COURT-CONFIRMATION REQUIRED, FIXER, zoned R3, lot is 4025sf.. TENANT occupied, INVESTORS that are CASH BUYERS preferred! Being sold as part of the estate along with 11720 San Pedro St., the 2 combined lots are over 8000sf., both zoned R3, able to build at least 6 units, for maximum profit potential!
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 | 642 | 1,670.836 |
| Lot Size | 4,025 | 6,152.156 |
| Price | $330.0K | $1.34M |
| Price per sq ft | $514 | $807 |
| Built year | 1923 | 1941 |
| HOA | $0 | $238 |
| Days on market | 57 | 56 |
Sep 13, 2026
$330,000
Initial Listing