12219 S Central Avenue, Los Angeles, California 90059, Los Angeles, 90059 - 4 bed, 2 bath
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Los Angeles, California 90059
This versatile property represents a Strong Value Opportunity, listed at $878,000—positioned above the $828,174 Fair Market Value. Despite the premium, the property offers significant upside through its 6,659 sq. ft. lot with proposed ADU development potential of 2,300 sq. ft. Featuring a Mint Condition Rating with modern kitchen finishes and recent renovations, this home is currently a successful short-term rental. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey residence with long-term expansion capabilities.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12219 S Central Avenue Subject | $878,000* List Price | 4 | 2 | 1,400 | $594 | - |
A 1644 E 122nd Street Sold | $770,000 | 4 | 2 | 1,449 | $531 | 0.6 mi |
B 1104 E 111th Sold | $615,000 | 4 | 2 | 1,073 | $573 | 0.9 mi |
C 12812 Clovis Avenue Sold | $700,000 | 3 | 2 | 1,529 | $458 | 0.4 mi |
D 1726 E 122nd Sold | $670,000 | 3 | 1 | 999 | $671 | 0.7 mi |
E 1733 E 123rd Sold | $655,000 | 2 | 1 | 850 | $771 | 0.8 mi |
F 1842 E 123rd Sold | $790,000 | 3 | 2 | 1,350 | $585 | 0.9 mi |
G 2109 N Bahama Sold | $692,500 | 4 | 2 | 1,298 | $534 | 0.6 mi |
H 630 E 119th Sold | $640,000 | 2 | 1 | 1,091 | $587 | 0.6 mi |
I 11731 Alabama Street Active | $699,000 List Price | 3 | 2 | 1,250 | $559 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1945, the property has undergone a comprehensive recent renovation (likely within the last 2 years). It features a modern kitchen with white shaker cabinets and quartz countertops, updated stainless steel appliances, new flooring throughout, recessed lighting, and new windows. The exterior and roof also appear recently updated, placing it in mint, move-in ready condition.
The property features a generous 6,659 sq. ft. lot with proposed ADU development potential of approximately 2,300 sq. ft., offering significant future value-add and expansion possibilities.
Currently operating as a successful short-term rental, this upgraded home provides immediate cash flow for investors or flexibility for owner-occupants and multi-generational living.
Conveniently situated near the 110 and 105 Freeways, the property offers excellent connectivity to Downtown Los Angeles, LAX, and major employment hubs, enhancing its appeal to commuters and travelers.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1400, other record living area = 1244. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
Originally built in 1945, the property may have underlying age-related maintenance needs or infrastructure limitations common in older homes, despite recent cosmetic upgrades.
The property has seen significant price increases through recent quick turnovers, which could lead to appraisal challenges or buyer concerns regarding the current market valuation ceiling.
Rare Los Angeles investment and owner-user opportunity! This upgraded property offers a versatile combination of comfortable living, long-term income potential, and future expansion possibilities.The property is well maintained and offers strong appeal for both owner-occupants and investors seeking flexible use options, including multi-generational living.Spacious lot with proposed ADU development potential of approximately 2,300 sq. ft. (buyer to verify all permits, plans, approvals, zoning, and development feasibility with the appropriate authorities).Conveniently located near the 110 and 105 Freeways, providing easy access to Downtown Los Angeles, LAX, shopping, dining, schools, parks, and major employment centers. A rare opportunity to own a versatile property with strong long-term upside potential in a rapidly developing Los Angeles area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,400 | 1,672 |
| Lot Size | 6,659 | 6,067 |
| Price | $878.0K | $1.37M |
| Price per sq ft | $627 | $801 |
| Built year | 1945 | 1939 |
| HOA | $0 | $348 |
| Days on market | 41 | 56 |
Jun 11, 2026
$878,000
Initial Listing
Feb 6, 2025
$720,000
Public Record
Sep 13, 2024
$500,000
Public Record