1216 E 84th Street, Los Angeles, California 90001, Los Angeles, 90001 - 3 bed, 2 bath
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Los Angeles, California 90001
This Value-Add Development Asset is listed at $558,000, positioned near its $537,719 Fair Market Value. Currently holding a Condition Rating of 5, the property requires a comprehensive restoration of its 1926 infrastructure. However, the LCR3-zoned 6,264 sqft lot and a rare Southern California basement offer substantial upside for multi-unit expansion or ADU conversion. Located within the Los Angeles Unified School District, this property serves as a strategic land play for forced appreciation in a high-demand area. It is an ideal acquisition for Fix-and-Flip Investors or Developers.
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 | $462 | - |
A 1014 E 84th St Sold | $555,000 | 2 | 1 | 1,005 | $552 | 0.2 mi |
B 823 E 76th Place Sold | $550,000 | 4 | 2 | 1,296 | $424 | 0.7 mi |
C 1124 E 76th Place Sold | $480,000 | 3 | 2 | 1,272 | $377 | 0.6 mi |
D 846 E 83rd Street Sold | $494,777 | 2 | 1 | 1,075 | $460 | 0.3 mi |
E 700 E 85th Street Sold | $590,000 | 3 | 2 | 1,376 | $429 | 0.6 mi |
F 8022 Crockett Boulevard Sold | $530,000 | 4 | 2 | 1,350 | $393 | 1.0 mi |
G 742 E 84th Place Active | $580,000 List Price | 2 | 1 | 1,121 | $517 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1926, this property requires substantial repairs and rehabilitation. The listing explicitly states it 'needs work' and features 'dated infrastructure' with aging systems that likely require costly updates to meet modern codes. While functional for restoration, it is primarily marketed for its development potential and land value.
The LCR3 zoning on a generous 6,264 sqft lot provides a prime opportunity for multi-unit development or the addition of income-producing units in a high-demand area.
A unique asset in Southern California, the existing basement offers significant potential for extra storage, a creative studio, or a future ADU conversion.
With a functional 3-bedroom layout and a competitive price point, the property serves as an ideal canvas for restoration, rental income, or a strategic land play.
The residence is in need of significant work and restoration, which will require substantial upfront capital and may complicate traditional financing options.
Constructed in 1926, the property likely features aging systems and components that may require costly updates to meet modern building codes and safety standards.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,176 | 1,075 | 64% |
| Lot Size | 6,264 | 5,104 | 90% |
| Price | $558.0K | $590.0K | 44% |
| Price per sq ft | $474 | $552 | 23% |
| Built year | 1926 | 1926 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 110 | 187 | 21% |
Feb 16, 2026
$558,000
Initial Listing
Oct 5, 2011
$140,000
Public Record