1229 E 124th, Los Angeles, California 90059, Los Angeles, 90059 - 2 bed, 1 bath
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1229 E 124th
Los Angeles, California 90059
ACTIVE
CONDITION: FAIR
2Beds
1Baths
880Sq Ft
5,001Lot Size
Property Price
LIST PRICE$575,000
EST. MARKET VALUE
$562,572
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $575,000—positioned well below the $562,572 Fair Market Value by -2%. While the home maintains a Condition Rating of 4, its 5,001 sqft lot offers significant potential for an ADU addition to maximize long-term value. The compact 880 sqft footprint requires modernization, yet the lack of HOA fees ensures ownership autonomy. This asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add project in Los Angeles.
Estimated Market Value
$562,572
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 |
|---|---|---|---|---|---|---|
★ 1229 E 124th Subject 2 bd · 1 ba · 880 sqft · $639 | $575,000* List Price | 2 | 1 | 880 | $639 | - |
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 · 0.3 mi | $560,000 | 2 | 1 | 880 | $636 | 0.3 mi |
D 11707 Antwerp Ave Sold 3 bd · 1 ba · 947 sqft · $612 · 0.6 mi | $580,000 | 3 | 1 | 947 | $612 | 0.6 mi |
E 12208 Compton Sold 2 bd · 1 ba · 864 sqft · $532 · 0.4 mi | $459,500 | 2 | 1 | 864 | $532 | 0.4 mi |
F 11506 Wadsworth Sold 2 bd · 1 ba · 988 sqft · $592 · 0.7 mi | $585,000 | 2 | 1 | 988 | $592 | 0.7 mi |
G 1717 122nd St Sold 2 bd · 1 ba · 864 sqft · $706 · 0.6 mi | $610,000 | 2 | 1 | 864 | $706 | 0.6 mi |
H 1218 E 124th Active 2 bd · 1 ba · 1,144 sqft · $580 · 0.0 mi | $663,000 List Price | 2 | 1 | 1,144 | $580 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1945, the property shows signs of partial maintenance such as a newer roof and a mini-split HVAC system. However, the interior features dated finishes, worn original hardwood flooring, and a basic bathroom refresh rather than a full renovation. It remains functional but requires cosmetic updates and modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The generous 5,001 sqft lot provides ample outdoor space and significant potential for future expansion or the addition of an Accessory Dwelling Unit (ADU) to maximize the property's value.
- Competitive Price Point
Priced at $575,000, this property represents an accessible entry-level opportunity into the Los Angeles single-family market, making it highly attractive to first-time buyers and investors.
- Ownership Autonomy
As a detached single-family residence, the property offers the benefit of no HOA fees and greater privacy and control compared to multi-unit or attached housing alternatives.
CONSRISKS & DEFICIENCIES
- Limited Interior Square Footage
With only 880 square feet of living space, the home's footprint is quite compact, which may be a constraint for families or those requiring additional room for a home office.
- Aging Infrastructure
Built in 1945, the property may require significant updates to its original systems, such as plumbing and electrical, to meet modern standards and buyer expectations.
About 1229 E 124th
Welcome to this two bedroom and one bathroom single family Home.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1945
- Lot Size
- 5,001 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 | 880 | 1,670.836 |
| Lot Size | 5,001 | 6,152.156 |
| Price | $575.0K | $1.34M |
| Price per sq ft | $653 | $807 |
| Built year | 1945 | 1941 |
| HOA | $0 | $238 |
| Days on market | 2 | 56 |
Pricing History
Listed for Sale
Nov 7, 2026
$575,000
Initial Listing