1247 W 55th, Los Angeles, California 90037, Los Angeles, 90037 - 2 bed, 1 bath
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1247 W 55th
Los Angeles, California 90037
ACTIVE
CONDITION: POOR
2Beds
1Baths
1,134Sq Ft
5,465Lot Size
Property Price
LIST PRICE$620,000
EST. MARKET VALUE
$590,282
5% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $620,000—positioned well above the $590,282 Fair Market Value by -5%. Featuring a 5,465-square-foot lot and a Fair Condition Rating, this 1914-built asset requires a comprehensive renovation to modernize its aging infrastructure. The probate sale under the IAEA allows for a streamlined transaction, making this an ideal project for Fix-and-Flip Investors or Contractors seeking to leverage the development potential of a central Los Angeles location.
Estimated Market Value
$590,282
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 |
|---|---|---|---|---|---|---|
★ 1247 W 55th Subject 2 bd · 1 ba · 1,134 sqft · $521 | $620,000* List Price | 2 | 1 | 1,134 | $521 | - |
A 1123 W 52nd Street Sold 2 bd · 1 ba · 1,234 sqft · $501 · 0.3 mi | $618,000 | 2 | 1 | 1,234 | $501 | 0.3 mi |
B 1225 W 52nd Street Sold 3 bd · 1 ba · 1,317 sqft · $444 · 0.2 mi | $585,000 | 3 | 1 | 1,317 | $444 | 0.2 mi |
C 1024 W 42nd Pl Sold 2 bd · 1 ba · 1,308 sqft · $443 · 1.0 mi | $580,000 | 2 | 1 | 1,308 | $443 | 1.0 mi |
D 945 W 54th Street Sold 2 bd · 1 ba · 1,219 sqft · $509 · 0.4 mi | $620,000 | 2 | 1 | 1,219 | $509 | 0.4 mi |
E 1345 W 54th Street Sold 3 bd · 1 ba · 1,356 sqft · $449 · 0.1 mi | $609,000 | 3 | 1 | 1,356 | $449 | 0.1 mi |
F 715 W 56th Street Active 4 bd · 2 ba · 1,056 sqft · $668 · 0.7 mi | $705,000 List Price | 4 | 2 | 1,056 | $668 | 0.7 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 1914 with no mention of renovations, this probate sale is marketed as a 'tremendous potential' project for investors. The AS-IS condition, age of over 110 years, and visible deferred maintenance on the exterior suggest that the kitchen, baths, and major systems (HVAC/Electric) are likely original or severely outdated and require a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Streamlined Probate Process
Sold under the IAEA with Full Authority, this probate sale bypasses the lengthy court confirmation requirement, ensuring a faster and more efficient transaction for the buyer.
- Development Potential
The property features a spacious 5,465-square-foot lot, offering significant opportunities for expansion, renovation, or the addition of an Accessory Dwelling Unit (ADU).
- Strategic Location
Located in a central Los Angeles neighborhood, the property provides convenient access to major freeways, public transit, and essential shopping and dining hubs.
CONSRISKS & DEFICIENCIES
- As-Is Condition
The listing is an as-is sale with no warranties, placing the full burden of repairs and necessary upgrades on the buyer immediately following the purchase.
- Aging Infrastructure
Constructed in 1914, the home likely requires substantial investment to modernize its century-old systems, including potential plumbing, electrical, and structural updates.
About 1247 W 55th
Opportunity knocks with this probate sale being offered under the Independent Administration of Estates Act (IAEA) with Full Authority, allowing for a streamlined transaction process. Located in the heart of Los Angeles, 1247 W. 55th Street presents an excellent opportunity for investors, developers, or owner-occupants seeking a property with tremendous potential. Situated on a spacious lot, this property offers the chance to renovate, expand, or customize to your vision. Conveniently located near schools, transportation, shopping, dining, and major freeways. Property is being sold AS-IS, with no warranties expressed or implied. Buyer to conduct their own investigations and satisfy themselves regarding all aspects of the property, including permits, zoning, square footage, and condition. Court confirmation is not required. Don't miss this unique opportunity to acquire a probate property in a desirable Los Angeles location.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1914
- Lot Size
- 5,465 Sq. Ft.
Interior
- Total Bedrooms
- 2
- 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 | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,134 | 1,670.836 |
| Lot Size | 5,465 | 6,152.156 |
| Price | $620.0K | $1.34M |
| Price per sq ft | $547 | $807 |
| Built year | 1914 | 1941 |
| HOA | $0 | $238 |
| Days on market | 7 | 56 |
Pricing History
Listed for Sale
Nov 2, 2026
$620,000
Initial Listing