1218 E 124th, Los Angeles, California 90059, Los Angeles, 90059 - 2 bed, 1 bath
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1218 E 124th
Los Angeles, California 90059
ACTIVE
CONDITION: POOR
2Beds
1Baths
1,144Sq Ft
5,035Lot Size
Property Price
LIST PRICE$663,000
EST. MARKET VALUE
$608,342
8% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $663,000—positioned well above the $608,343 Fair Market Value by -8%. Featuring a Fair Condition Rating (5/10), this 1945-built home requires a full mechanical and cosmetic overhaul. The attached bonus room offers significant ADU conversion potential to maximize rental yield. With a streamlined probate process and proximity to major freeways, this asset is a strategic acquisition for Buy-and-Hold Investors or Contractors seeking a value-add project in the Los Angeles Unified district.
Estimated Market Value
$608,342
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 |
|---|---|---|---|---|---|---|
★ 1218 E 124th Subject 2 bd · 1 ba · 1,144 sqft · $532 | $663,000* List Price | 2 | 1 | 1,144 | $532 | - |
A 1223 E 124th Street Sold 2 bd · 1 ba · 820 sqft · $707 · 0.0 mi | $580,000 | 2 | 1 | 820 | $707 | 0.0 mi |
B 728 E 121st Sold 2 bd · 1 ba · 806 sqft · $726 · 0.5 mi | $585,000 | 2 | 1 | 806 | $726 | 0.5 mi |
C 1518 E 122nd Street Sold 2 bd · 1 ba · 880 sqft · $636 · 0.4 mi | $560,000 | 2 | 1 | 880 | $636 | 0.4 mi |
D 11506 Wadsworth Sold 2 bd · 1 ba · 988 sqft · $592 · 0.8 mi | $585,000 | 2 | 1 | 988 | $592 | 0.8 mi |
E 11707 Antwerp Ave Sold 3 bd · 1 ba · 947 sqft · $612 · 0.6 mi | $580,000 | 3 | 1 | 947 | $612 | 0.6 mi |
F 12227 Bandera Sold 4 bd · 2 ba · 1,444 sqft · $471 · 0.8 mi | $680,000 | 4 | 2 | 1,444 | $471 | 0.8 mi |
G 13128 Stanford Avenue Sold 3 bd · 1 ba · 1,119 sqft · $626 · 0.7 mi | $700,000 | 3 | 1 | 1,119 | $626 | 0.7 mi |
H 941 E Imperial Highway Pending 2 bd · 1 ba · 1,190 sqft · $454 · 0.8 mi | $540,000 List Price | 2 | 1 | 1,190 | $454 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1945 with interior finishes (wood paneling, shag carpet) and systems (wall heater) appearing to be 40-50 years old. The property requires a full rehab of the kitchen, bath, and mechanical systems to be brought to modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- ADU Conversion Potential
The inclusion of an attached bonus room presents a significant opportunity for conversion into an Accessory Dwelling Unit (ADU), offering potential for rental income or increased resale value.
- Streamlined Probate Process
As a probate sale that does not require court confirmation, buyers can benefit from a more predictable and efficient closing timeline compared to standard probate transactions.
- Commuter-Friendly Location
The property is strategically located near major freeways, providing excellent accessibility for residents commuting to various employment hubs across Los Angeles.
CONSRISKS & DEFICIENCIES
- Limited Bed and Bath Count
With only two bedrooms and one bathroom, the current configuration may be restrictive for larger families or buyers seeking a more modern master suite layout.
- Renovation and Permit Risks
The 1945-built home is positioned as a value-add opportunity, implying a need for significant updates and the potential for unpermitted work that requires buyer due diligence.
About 1218 E 124th
PROBATE SALE, DOES NOT REQUIRE COURT CONFIRMATION. Located in a residential neighborhood, this 2-bedroom 1 bath 1144 sq ft home offers an excellent opportunity to add your personal touch. This home features an attached bonus room with potential for conversion to an ADU. Located close to freeways for easy commute. Buyer to verify room count, square foot, lot size and all permits and satisfy self. Call listing agent for showing.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1945
- Lot Size
- 5,035 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,144 | 1,675.469 |
| Lot Size | 5,035 | 6,126.393 |
| Price | $663.0K | $1.34M |
| Price per sq ft | $580 | $800 |
| Built year | 1945 | 1941 |
| HOA | $0 | $262 |
| Days on market | 3 | 56 |
Pricing History
Listed for Sale
Oct 21, 2026
$663,000
Initial Listing