124 E 76th Street, Los Angeles, California 90003, Los Angeles, 90003 - 3 bed, 2 bath
124 E 76th Street
Los Angeles, California 90003
Property Price
SUMMARY
Analysis of 124 E 76th Street, Los Angeles, California 90003 reveals a property with a current list price of $625,000, which is 6% above the estimated $587,134 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 |
|---|---|---|---|---|---|---|
★ 124 E 76th Street Subject | $625,000* List Price | 3 | 2 | 1,140 | $515 | - |
A 339 E 64th Street E Sold | $580,000 | 3 | 1 | 1,168 | $497 | 0.8 mi |
B 329 E 68th Street Sold | $630,000 | 4 | 2 | 1,250 | $504 | 0.6 mi |
C 137 W 84th Place Sold | $495,000 | 2 | 1 | 936 | $529 | 0.6 mi |
D 205 E 64th Sold | $610,000 | 3 | 2 | 1,500 | $407 | 0.7 mi |
E 339 W 76th Street Active Under Contract | $606,000 List Price | 3 | 3 | 1,462 | $415 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1971, this property is 53 years old. The listing explicitly states it 'requires some TLC' and advises buyers to 'Bring your vision and your hard-hat to update the kitchen, baths, and living areas.' The property analysis also highlights 'Extensive Renovation Required' and 'Older Systems & Infrastructure.' While it offers 'classic prewar character' and 'hardwood floors,' the lack of recent renovations and the need for substantial updates to major components like the kitchen, bathrooms, and core systems place it in the 'poor' condition category, requiring significant rehabilitation.
PROSSTRENGTHS & OPPORTUNITIES
- Large Lot & ADU Potential
The property sits on a generous 6,973 sqft lot, offering ample space for customization and the significant potential to add an Accessory Dwelling Unit (ADU), enhancing future value and income opportunities.
- Prime Los Angeles Location
Situated in a prime Los Angeles location, the residence offers convenient access to Downtown LA, major freeways, and various urban amenities, appealing to a broad range of buyers.
- Significant Value-Add Opportunity
Described as an 'excellent opportunity to customize' and 'perfect for buyers or investors seeking a value-add opportunity,' this property offers strong upside potential for those willing to invest in renovations.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
The property 'requires some TLC' and buyers are advised to 'Bring your vision and your hard-hat to update the kitchen, baths, and living areas,' indicating a need for significant renovation investment.
- Older Systems & Infrastructure
Built in 1971, the home's age suggests that core systems (plumbing, electrical, HVAC) and finishes are likely original or outdated, necessitating updates beyond cosmetic changes.
- Lack of Desirable Views
The property description explicitly states 'view: None,' which could be a drawback in a market where scenic views often command a premium.
About 124 E 76th Street
Motivated Seller ! Discover the potential. This residence sits on a larges Lot and offers an excellent opportunity to customize and create your dream home with space to possibly add an ADU. Featuring classic prewar character including high ceilings, hardwood floors, and has a flexible layout ready for renovation.The home requires some TLC, making it perfect for buyers or investors seeking a value-add opportunity in a prime location. Bring your vision and your hard-hat to update the kitchen, baths, and living areas to suit your personal style and modern preferences. Generous bedroom proportions and ample closet space allow for a functional and comfortable design once refreshed. With strong upside potential, this is a rare chance to create a beautifully customized residence. Near Downtown LA, freeway access and more!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1971
- Lot Size
- 6,973 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 | 1,140 | 1,120 | 50% |
| Lot Size | 6,973 | 5,207.5 | 95% |
| Price | $625.0K | $620.0K | 52% |
| Price per sq ft | $548 | $506 | 64% |
| Built year | 1971 | 1924 | 95% |
| HOA | $0 | $0 | 50% |
| Days on market | 55 | 208 | 7% |
Pricing History
Listed for Sale
Jan 10, 2026
$625,000
Initial Listing