1223 E 124th, Los Angeles, California 90059, Los Angeles, 90059 - 2 bed, 1 bath
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Los Angeles, California 90059
This Value-Add Residential Asset is listed at $585,000, positioned above its $496,845 Fair Market Value. It represents a High-Potential Investment Opportunity for those seeking forced appreciation through renovation. The property holds a Condition Rating of 5, requiring substantial rehabilitation, but offers significant utility with a 16 x 19 enclosed bonus room and a 2-car garage. Located near Magic Johnson Park and Sofi Stadium in the Compton Unified district, this project is a strategic acquisition for Fix-and-Flip Investors or Contractors looking to capitalize on a versatile lot.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1223 E 124th Subject | $585,000* List Price | 2 | 1 | 820 | $606 | - |
A 2002 N Salinas Avenue Sold | $457,000 | 2 | 1 | 832 | $549 | 0.8 mi |
B 1530 E 124th Street Sold | $655,000 | 2 | 1 | 880 | $744 | 0.4 mi |
C 916 E 116th Street Sold | $490,000 | 2 | 1 | 836 | $586 | 0.7 mi |
D 11218 Belhaven Sold | $555,000 | 2 | 1 | 1,076 | $516 | 0.9 mi |
E 2114 N Bahama Avenue Active Under Contract | $559,900 List Price | 2 | 1 | 832 | $673 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1945, this property requires substantial repairs and rehabilitation. The kitchen and bathroom are significantly outdated, likely last renovated 30-40 years ago, featuring old cabinets, tiled countertops, and basic, aged appliances and fixtures. Visible defects include severe water damage on the bonus room's drop ceiling, peeling paint, and an unfinished, rough garage. The overall condition indicates extensive deferred maintenance and a need for major system and aesthetic updates throughout, making it far from move-in ready.
The property boasts excellent accessibility, being near freeways, schools, shops, restaurants, and a short drive to downtown LA, Sofi Stadium, and beaches, enhancing its desirability.
Explicitly marketed for 'handy family and savvy investors' to 'customize your own style,' offering a clear opportunity for value addition and personalized renovation.
An enclosed bonus room measuring 16 x 19 provides substantial additional functional space, increasing the property's utility beyond its listed square footage.
Built in 1945, the property is likely to require significant updates to its systems, finishes, and overall modernization, which could entail a substantial investment for the buyer.
With 820 sqft for 2 bedrooms and 1 bathroom, the main living areas are relatively small, which might be a limitation for some buyers despite the presence of a bonus room.
The description implies the property is not move-in ready for all buyers and will demand considerable time, effort, and additional capital for necessary renovations and customization.
First time handy family and savvy investors looking to customize your own style. This 2 bedroom home has a enclosed bonus room that's 16 x 19. Functional layout with good size yard for gathering. 2 car garage for your creative ideas or extra storage. Parking inside and outside of gate for up to 4 cars. Washer/dryer hookup, fruit trees. Near Magic Johnson Park, Athens Park. Easy access to freeway, close to schools, shops, restaurants, short driving distance to downtown LA, Sofi stadium and beaches in Willow-brook area of Los Angeles. Buyer can get a Buyers credit in this area, Call for details. Schedule your showing now.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 33% |
| Baths | 1.0 | 2.0 | 41% |
| Square foot | 820 | 1,076 | 18% |
| Lot Size | 5,002 | 5,088 | 39% |
| Price | $585.0K | $621.5K | 31% |
| Price per sq ft | $713 | $547 | 80% |
| Built year | 1945 | 1945 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 113 | 166 | 33% |
Mar 29, 2026
$585,000
$603,999
-3% Price Drop
Initial Listing
Feb 5, 2026
$603,999
$605,000
+0% Price Increase
Initial Listing
Dec 30, 2025
$605,000
Initial Listing