1216 E 84th Street, Los Angeles, California 90001, Los Angeles, 90001 - 3 bed, 2 bath
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Los Angeles, California 90001
This property presents a High-Potential Investment Opportunity with a List Price of $558,000, positioned slightly above the $555,156 Fair Market Value. While the property requires significant rehabilitation, its LCR3-zoned 6,264 sqft lot and rare basement feature provide substantial upside for development. With a Fair Condition Rating, this asset is best suited for those prepared to execute a full restoration or multi-unit expansion. This is a strategic acquisition ideal for Buy-and-Hold Investors or Developers seeking to maximize long-term equity through land-use optimization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1216 E 84th Street Subject | $558,000* List Price | 3 | 2 | 1,176 | $472 | - |
A 1014 E 84th St Sold | $555,000 | 2 | 1 | 1,005 | $552 | 0.2 mi |
B 8206 Bell Avenue Sold | $625,000 | 3 | 2 | 1,184 | $528 | 0.9 mi |
C 1124 E 76th Place Sold | $480,000 | 3 | 2 | 1,272 | $377 | 0.6 mi |
D 823 E 76th Place Sold | $550,000 | 4 | 2 | 1,296 | $424 | 0.7 mi |
E 1018 E 73rd Sold | $550,000 | 2 | 2 | 977 | $563 | 0.8 mi |
F 742 E 84th Place Active | $549,900 List Price | 2 | 1 | 1,121 | $491 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1926, this property is nearly a century old and is marketed as a 'restoration' project or 'land play.' Interior images show significant wear, including stained walls, dated popcorn ceilings, and a kitchen area that appears stripped or in need of a total overhaul. The listing's emphasis on R3 zoning and development potential confirms the structure requires a full rehab to meet modern living standards.
The LCR3 zoning on a generous 6,264 sqft lot provides a significant opportunity for multi-unit development or the addition of income-producing units in Unincorporated Los Angeles County.
A rare find in Southern California, the basement offers versatile extra space that can be utilized for storage, a creative studio, or explored for potential ADU conversion.
Situated in an area with flexible county regulations, this property serves as an ideal land play for developers or homeowners looking to build equity through substantial restoration.
The residence requires significant restoration and work, which will necessitate a substantial additional capital investment and construction oversight from the buyer.
With 154 days on the market, the property has experienced significant stagnation, which may indicate that the current list price does not fully align with its present condition.
Opportunity knocks in this versatile 3-bedroom, 2-bath home located on an LCR3-zoned lot in Unincorporated Los Angeles County where today's purchase can become tomorrow's expansion. Whether you're a savvy homeowner with vision or a developer seeking your next project, this property delivers flexibility and future upside. The existing residence offers a functional layout ready for restoration, reimagination, or rental income potential. Yes, it needs work but the possibilities are substantial. With R3 zoning, the lot opens the door to potential multi-unit development (buyer to verify), making this an attractive long-term investment. Build additional units, expand the footprint, or create a small income-producing compound. For the strategic buyer, this could be a land play with immediate occupancy. Here's the rare California bonus: a basement. Uncommon in Southern California homes, this unique feature presents intriguing potential think creative space, storage, or explore conversion possibilities such as a future ADU (buyer to verify all requirements).
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,176 | 1,672 |
| Lot Size | 6,264 | 6,067 |
| Price | $558.0K | $1.37M |
| Price per sq ft | $474 | $801 |
| Built year | 1926 | 1939 |
| HOA | $0 | $348 |
| Days on market | 156 | 56 |
Feb 16, 2026
$558,000
Initial Listing
Oct 5, 2011
$140,000
Public Record