1237 N Evergreen, Los Angeles, California 90033, Los Angeles, 90033 - 2 bed, 1 bath
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Los Angeles, California 90033
This Boyle Heights Value-Add Asset presents a Prime Investment Opportunity with a List Price of $565,000—positioned well below the $592,064 Fair Market Value by 4%. This valuation gap offers $27,064 in Instant Equity for an acquisition carrying a Condition Rating of 5. The 1922 structure requires a gut renovation to address structural defects, yet provides significant upside via its 4,787-square-foot lot, hill views, and unpermitted rooms. Located in the Los Angeles Unified district, this project is 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 | $565,000* List Price | 2 | 1 | 1,008 | $587 | - |
A 346 N Fickett Street Active | $699,999 List Price | 2 | 1 | 1,228 | $570 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1922 with no evidence of modern updates. The property exhibits significant safety and structural defects, most notably a collapsing ceiling in the living area. Kitchen and bathrooms are severely dated and in disrepair, requiring a full-scale gut renovation.
Situated in the desirable Boyle Heights area, the property offers close proximity to Downtown Los Angeles, major freeways, and local amenities, making it highly attractive for commuters and urban dwellers.
As a fixer-upper with additional rooms and a bathroom not reflected in public records, this property presents a major opportunity for investors to renovate and capture substantial equity.
The 4,787-square-foot lot provides ample space for potential expansion or the addition of an Accessory Dwelling Unit (ADU), maximizing the property's long-term utility and value.
The home is in need of significant structural and cosmetic repairs and is being sold in as-is condition, requiring a buyer with substantial renovation capital.
There is a notable discrepancy between public records and the actual room count, posing potential challenges with financing, insurance, and future building permit compliance.
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. Listing Agent 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 40% |
| Baths | 1.0 | 1.5 | 50% |
| Square foot | 1,008 | 1,040 | 40% |
| Lot Size | 4,787 | 6,830 | 10% |
| Price | $565.0K | $605.0K | 30% |
| Price per sq ft | $561 | $569 | 50% |
| Built year | 1922 | 1922 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 204 | 10% |
Apr 17, 2026
$565,000
Initial Listing