123 E 108th Street, Los Angeles, California 90061, Los Angeles, 90061 - 3 bed, 2 bath
123 E 108th Street
Los Angeles, California 90061
Property Price
SUMMARY
Analysis of 123 E 108th Street, Los Angeles, California 90061 reveals a property with a current list price of $549,900, which is 6% above the estimated $516,014 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 123 E 108th Street Subject | $549,900* List Price | 3 | 2 | 878 | $588 | - |
A 11860 Athens Way Sold | $475,000 | 2 | 1 | 785 | $605 | 1.0 mi |
B 251 W 112th Street Sold | $580,000 | 2 | 2 | 990 | $586 | 0.5 mi |
C 329 E 109th Street Active | $599,988 List Price | 3 | 2 | 1,142 | $525 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1929, this property is in a state of significant disrepair, requiring substantial renovation throughout. The bathrooms are extremely outdated, dirty, and show extensive wear, needing complete modernization. The visible interior spaces feature old, stained tile flooring, heavily textured and dirty walls, and an ancient wall-mounted heater. The description explicitly states it's an 'as-is' sale, ready for 'renovation or redevelopment,' confirming its poor condition and the need for major rehabilitation to be livable and comfortable.
PROSSTRENGTHS & OPPORTUNITIES
- Investment & Redevelopment Potential
The property is explicitly marketed as a great opportunity for owner-users or investors, offering endless possibilities for renovation, redevelopment, resale, rental income, or long-term investment.
- LAR2 Zoning & Generous Lot Size
Sitting on a good size 5402 sqft lot with LAR2 zoning, this property offers significant potential for expansion or multi-unit development, enhancing its long-term value.
- Solid Foundation & Classic Layout
Described as having 'strong bones and a classic layout,' the property provides a robust structural base, which can be advantageous for renovation projects.
CONSRISKS & DEFICIENCIES
- As-Is Condition & Unknown Defects
Sold 'as-is' with no seller representations or warranties regarding condition, implying potential for significant hidden issues and requiring thorough due diligence and likely substantial repair costs.
- Age of Property (1929)
Built in 1929, the home is nearly a century old, suggesting outdated systems (electrical, plumbing, HVAC) and potential for age-related issues like lead paint or asbestos, necessitating extensive modernization.
- Lack of Desirable Views
The property explicitly states 'None' for views, which can be a drawback in the competitive Los Angeles market where scenic views often command a premium.
About 123 E 108th Street
Great opportunity for owner-user or investor, house sits on a good size lot (Zoning LAR2). This 3-bedroom, 2-bath home offers endless possibilities for renovation or redevelopment adding instant value. With strong bones and a classic layout, this property is ready for your creative touch. Whether you're looking to restore it and live in it or for resale, rental income, long-term investment, the location and lot size make it an excellent opportunity. Easy access to major freeways makes commuting a breeze. Sold in as-in condition; seller did not live in this home and makes no representation or warranties regarding condition. Don't miss out on this one!!!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1929
- Lot Size
- 5,402 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 878 | 1,124.5 | 27% |
| Lot Size | 5,402 | 5,522 | 38% |
| Price | $549.9K | $652.0K | 23% |
| Price per sq ft | $626 | $572 | 65% |
| Built year | 1929 | 1948 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 170 | 164 | 54% |
Pricing History
Listed for Sale
Sep 17, 2025
$549,900
Initial Listing
Sold
Dec 23, 1998
$132,500
Public Record
Sold
Feb 19, 1998
$64,000
Public Record