1237 N Evergreen, Los Angeles, California 90033, Los Angeles, 90033 - 2 bed, 1 bath
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Los Angeles, California 90033
This property presents a Strong Value Opportunity with a List Price of $515,000—positioned well below the $565,112 Fair Market Value by 8%. This valuation gap offers $50,112 in Instant Equity for buyers capable of managing a total rehab. Featuring a Condition Rating of 5, the home requires extensive structural and cosmetic repairs. However, the inclusion of two additional rooms and a second bathroom provides significant upside for forced appreciation. This is a high-reward acquisition ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1237 N Evergreen Subject | $515,000* List Price | 2 | 1 | 1,008 | $553 | - |
A 712 Cornwell Active Under Contract | $580,000 List Price | 3 | 1 | 932 | $622 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1922 and explicitly listed as a 'fixer' needing 'extensive repairs,' the property does not qualify for conventional financing. Photos show severely outdated bathrooms with exposed plumbing, mismatched tiling, and significant wear, indicating a need for a total rehab of all major systems and interiors.
Situated in the desirable Boyle Heights area, the property offers excellent proximity to Downtown Los Angeles and major freeways, making it highly attractive for urban redevelopment.
The presence of two additional rooms and an extra bathroom beyond public records provides a substantial opportunity to increase the home's square footage and market value through renovation.
The property includes views that provide a competitive edge and aesthetic appeal, which are highly valued features in the Los Angeles residential market.
The home requires significant rehabilitation and is sold in as-is condition, necessitating a large capital investment for structural and cosmetic improvements.
Due to its poor condition, the property will not qualify for conventional financing, limiting the potential buyer pool to cash investors or hard money borrowers.
FIXER opportunity in a prime Boyle Heights location! 1237 N Evergreen Ave offers great potential for investors looking to renovate and add value. Public records indicate 2 bedrooms, 1 bath however, there are 2 additional rooms and 1 additional bathroom. Conveniently located near Downtown LA, major freeways, shopping, dining, and local amenities. PROPERTY IS IN NEED OF EXTENSIVE REPAIRS and is sold in as-is condition. Property will not qualify for conventional financing due to subject property condition. Buyer to verify all permits of record. Listing Agency does not warrant information provided, the condition of the home or verify permits of record. Buyer to conduct their own due diligence.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,008 | 1,672 |
| Lot Size | 4,787 | 6,067 |
| Price | $515.0K | $1.37M |
| Price per sq ft | $511 | $801 |
| Built year | 1922 | 1939 |
| HOA | $0 | $348 |
| Days on market | 42 | 56 |
Jun 10, 2026
$515,000
Initial Listing