1172 Mirasol, Los Angeles, California 90023, Los Angeles, 90023 - 3 bed, 2 bath
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1172 Mirasol
Los Angeles, California 90023
ACTIVE UNDER CONTRACT
CONDITION: TEAR DOWN
3Beds
2Baths
896Sq Ft
5,002Lot Size
Property Price
LIST PRICE$450,000
EST. MARKET VALUE
$445,019
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $500,000—positioned well below the $427,732 Fair Market Value (Note: Market value is currently lower than list price). Featuring LAR2 Zoning on a 5,000-square-foot lot, this asset offers significant development potential for those capable of managing a full-scale renovation. Given the Condition Rating of 6, the property requires extensive structural repairs. This is a strictly cash-only, as-is acquisition ideal for Fix-and-Flip Investors or Experienced Developers seeking a value-add project in Boyle Heights.
Estimated Market Value
$445,019
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1172 Mirasol Subject 3 bd · 2 ba · 896 sqft · $497 | $450,000* List Price | 3 | 2 | 896 | $497 | - |
A 1122 Calada Street Pending 3 bd · 2 ba · 1,100 sqft · $500 · 0.1 mi | $550,000 List Price | 3 | 2 | 1,100 | $500 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1923 (>100 years old) with no evidence of modern renovation. The property shows severe structural and safety defects, including a failing roof visible in aerial shots and a collapsing kitchen ceiling with significant water damage and rot. The listing emphasizes land value (LAR2 zoning) and cash-only investor interest, confirming it is likely unlivable in its current state.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The property features a 5,000-square-foot lot with LAR2 zoning, providing a significant value-add opportunity for investors to potentially add units or an ADU.
- Strategic Location
Situated in the heart of Boyle Heights with immediate access to the 5, 10, and 60 freeways, the home offers a prime location for commuters and proximity to Downtown Los Angeles.
- Motivated Seller & Pricing
With a substantial price reduction from the original listing and an explicitly motivated seller, this property is positioned as a competitive entry point for experienced investors.
CONSRISKS & DEFICIENCIES
- Strict Sale Conditions
The property is sold strictly 'As-Is' with no repairs or credits, and a strong preference for cash offers, which may exclude traditional buyers relying on conventional financing.
- Limited Living Space
At only 896 square feet for a multi-bedroom configuration, the interior footprint is quite small and will likely require a full reconfiguration to meet modern functional standards.
About 1172 Mirasol
SERIOUS BUYERS/INVESTORS ONLY! FIRM LIST PRICE – NO LOWBALL OFFERS! Excellent value-add opportunity in the heart of Boyle Heights! This 3-bedroom, 2-bath home offers approximately 896 sq. ft. of living space on a 5,000 sq. ft. LAR2-zoned lot. PROPERTY IS A FIXER-UPPER WITH SIGNIFICANT DEFERRED MAINTENANCE, INCLUDING THE ROOF, FLOORING, KITCHEN, AND BATHROOMS. Buyers should anticipate substantial repairs, renovations, and improvements. The existing 2-car garage may offer potential for conversion into a second residential unit or ADU, subject to city approval. Buyer to independently verify zoning, permits, square footage, bedroom/bathroom count, and development feasibility with the appropriate City of Los Angeles departments. SELLER IS MOTIVATED, BUT LIST PRICE IS FIRM AND NON-NEGOTIABLE. Offers below list price will not be considered. Property is sold strictly AS-IS, in its present condition, with no seller repairs or credits. CASH OFFERS PREFERRED. Proof of funds required with all offers. Seller seeks financially qualified buyers who understand the property's condition and are prepared to perform. Clean offers with minimal contingencies preferred. A reasonable and flexible escrow period is requested to accommodate the probate court schedule and any required proceedings. Conveniently located near Downtown LA, major freeways, shopping, and public transportation. SERIOUS, QUALIFIED BUYERS ONLY. SUBMIT YOUR STRONGEST OFFER AT OR ABOVE LIST PRICE!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1923
- Lot Size
- 5,002 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 896 | 1,670.836 |
| Lot Size | 5,002 | 6,152.156 |
| Price | $450.0K | $1.34M |
| Price per sq ft | $502 | $807 |
| Built year | 1923 | 1941 |
| HOA | $0 | $238 |
| Days on market | 137 | 56 |
Pricing History
Listed for Sale
Oct 29, 2026
$450,000
$500,000
-10% Price Drop
Initial Listing
Price Change
Sep 17, 2026
$500,000
$550,000
-9% Price Drop
Initial Listing
Price Change
Aug 16, 2026
$550,000
$599,900
-8% Price Drop
Initial Listing
Price Change
Jun 25, 2026
$599,900
Initial Listing