
Los Angeles, California 90037
This property presents a High-Potential Investment Opportunity with a List Price of $669,888—positioned well above the $585,082 Fair Market Value. While the property lacks immediate equity, its 5,227 sqft lot and proximity to USC provide significant long-term upside through redevelopment or ADU expansion. With a Condition Rating of 5, the home requires a total rehab, making it a strategic Value-Add Asset. This is an ideal acquisition for Buy-and-Hold Investors or Developers looking to capitalize on the high-demand USC rental market.
Property is extensive renovation needed.
Built in 1924, this 100-year-old property shows significant age with a bathroom that appears to have had no major updates in over 30 years. The listing's focus on 'Investor Alert' and the suggestion to look at new construction next door indicates the home requires a total rehab and is likely being sold for its land value and redevelopment potential.
Situated in close proximity to USC, the property is positioned in a high-demand rental hub for students, faculty, and staff, ensuring low vacancy rates.
The 5,227 sqft lot and neighboring development trends suggest significant opportunity for expansion, multi-unit conversion, or the addition of ADUs.
Located in a strong rental market with 'Investor Alert' status, the property offers excellent potential for capital appreciation and robust cash flow.
Built in 1924, the property likely requires significant updates to its core systems and structural elements to meet modern building standards.
With only 988 square feet and a single bathroom, the current configuration is small for the price point and may require a layout redesign to maximize utility.
INVESTORS ALERT! Prime Location... Near USC... Strong Rental Market...Excellent Investment Potential Excellent opportunity to acquire a property in a highly sought-after rental market with proximity to USC. Capitalize on the continued demand for housing USC students, faculty and staff. Take a look at the pictures and see what your neighbors built next door.
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 | 988 | 1,664.159 |
| Lot Size | 5,227 | 6,066.556 |
| Price | $669.9K | $1.35M |
| Price per sq ft | $678 | $806 |
| Built year | 1924 | 1939 |
| HOA | $0 | $278 |
| Days on market | 12 | 55 |
Aug 28, 2026
$669,888
Initial Listing
Nov 6, 1996
$95,000
Public Record