123 E 108th Street, Los Angeles, California 90061, Los Angeles, 90061 - 3 bed, 2 bath
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Los Angeles, California 90061
This Value-Add Residential Asset is listed at $549,900, positioned slightly above its $531,779 Fair Market Value. While currently holding a Condition Rating of 5 and requiring a full-scale modernization, the property’s primary strength lies in its LAR2 Zoning and 5,402 Sq Ft Lot. These attributes provide a strategic path for multi-unit redevelopment or a high-yield renovation. Located within the Los Angeles Unified district with excellent freeway accessibility, this 1929-built home is a prime acquisition for Fix-and-Flip Investors or Developers focused on maximizing urban density.
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 | $606 | - |
A 126 W 111th Sold | $525,000 | 2 | 1 | 783 | $670 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
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 The bathrooms are extremely outdated, dirty, and show extensive wear, needing complete modernization.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.
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.
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.
Described as having 'strong bones and a classic layout,' the property provides a robust structural base, which can be advantageous for renovation projects.
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.
Built in 1929, the home is nearly a century old, suggesting outdated systems (electrical, plumbing, HVAC) and potential for age-related issues like lead paint or asbestos, necessitating extensive modernization.
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.
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!!!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 878 | 1,147 | 14% |
| Lot Size | 5,402 | 5,683 | 29% |
| Price | $549.9K | $655.5K | 21% |
| Price per sq ft | $626 | $567 | 71% |
| Built year | 1929 | 1948 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 217 | 172 | 71% |
Sep 17, 2025
$549,900
Initial Listing
Dec 23, 1998
$132,500
Public Record
Feb 19, 1998
$64,000
Public Record