1233 N Evergreen Avenue, Los Angeles, California 90033, Los Angeles, 90033 - 4 bed, 1 bath
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1233 N Evergreen Avenue
Los Angeles, California 90033
ACTIVE
CONDITION: POOR
4Beds
1Baths
1,503Sq Ft
4,821Lot Size
Property Price
LIST PRICE$550,000
EST. MARKET VALUE
$567,603
3% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $739,000—positioned well below the $704,162 Fair Market Value by -4%. While the home carries a Condition Rating of 5, the R2-1 Zoning and detached bonus room offer significant value-add potential for ADU conversion. Its central location near major freeways and medical hubs ensures strong rental demand. This asset is a strategic acquisition for Buy-and-Hold Investors or Contractors capable of executing a comprehensive renovation to modernize the 1,503-square-foot layout.
Estimated Market Value
$567,603+$17,603 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 1233 N Evergreen Avenue Subject 4 bd · 1 ba · 1,503 sqft · $378 | $550,000* List Price | 4 | 1 | 1,503 | $378 | - |
A 1237 N Evergreen Sold 2 bd · 1 ba · 1,008 sqft · $446 · 0.0 mi | $450,000 | 2 | 1 | 1,008 | $446 | 0.0 mi |
B 2715 New Jersey Street Sold 3 bd · 2 ba · 1,458 sqft · $375 · 0.8 mi | $547,000 | 3 | 2 | 1,458 | $375 | 0.8 mi |
C 2545 Folsom Street Sold 4 bd · 2 ba · 1,008 sqft · $427 · 0.6 mi | $430,000 | 4 | 2 | 1,008 | $427 | 0.6 mi |
D 346 N Fickett Street Pending 2 bd · 1 ba · 1,228 sqft · $407 · 0.8 mi | $499,999 List Price | 2 | 1 | 1,228 | $407 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1922, this property is over 100 years old with no mentioned updates to major systems, kitchens, or bathrooms. The listing explicitly states it 'needs TLC' and is an 'opportunity for investors,' indicating a need for significant rehab. The exterior shows clear signs of deferred maintenance, including cracked retaining walls and a weathered garage door.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Central Location
Situated in the heart of Boyle Heights with immediate access to five major freeways and proximity to DTLA and USC Keck Medical Center, offering exceptional convenience for commuters and medical professionals.
- Value-Add Development Potential
The R2-1 zoning combined with a detached large bonus room provides a significant opportunity for ADU conversion or multi-unit development, maximizing the property's long-term investment yield.
- Spacious Layout with Classic Appeal
Featuring four bedrooms and original hardwood floors, this 1,503-square-foot home offers a generous footprint and character-rich elements that serve as a strong foundation for customization.
CONSRISKS & DEFICIENCIES
- Significant Renovation Required
The property is explicitly listed as needing 'TLC,' indicating deferred maintenance that will require immediate capital expenditure for repairs and modernization to meet current market standards.
- Inadequate Bath-to-Bedroom Ratio
With four bedrooms but only one bathroom, the home’s current configuration is functionally outdated for modern families, likely necessitating a costly layout reconfiguration to add additional plumbing.
About 1233 N Evergreen Avenue
Fixer jewel in Boyle Heights. Opportunity knocks! Nestled in a central and highly convenient location, this contemporary 4-bedroom, 1-bathroom single-family home is bursting with potential. Zoned R2-1, the property features classic hardwood floors and includes a 2-car detached garage. While it needs some TLC, it represents an incredible opportunity for investors or buyers looking to customize their dream home. Enjoy seamless commuting with quick access to the 5, 10, 60, 710, and 101 freeways. You are just a short distance from downtown Los Angeles, Monterey Park, Alhambra, Pasadena, and South Pasadena. The home is also situated near top-tier institutions, including the USC Keck Clinic/LA General Medical Center, USC, and ELAC, as well as an abundance of local restaurants, shops, and public transportation. There is a detached large bonus room in the back yard. Additional large detached room in the back yard. Potential to convert into an ADU; Buyer to verify. Needs TLC. Motivated Seller
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1922
- Lot Size
- 4,821 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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 | 4.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,503 | 1,670.836 |
| Lot Size | 4,821 | 6,152.156 |
| Price | $550.0K | $1.34M |
| Price per sq ft | $366 | $807 |
| Built year | 1922 | 1941 |
| HOA | $0 | $238 |
| Days on market | 48 | 56 |
Pricing History
Listed for Sale
Oct 16, 2026
$550,000
$650,000
-15% Price Drop
Initial Listing
Price Change
Sep 24, 2026
$650,000
$739,000
-12% Price Drop
Initial Listing
Price Change
Sep 22, 2026
$739,000
Initial Listing
Sold
Mar 22, 1996
$125,000
Public Record