1258 E 126th, Los Angeles, California 90059, Los Angeles, 90059 - 3 bed, 1 bath
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Los Angeles, California 90059
This property presents a High-Potential Investment Opportunity with a List Price of $549,000—positioned well below the $535,743 Fair Market Value by -2%. While the property requires a full remodel given its Fair Condition Rating, the 5,128 sqft lot offers significant upside for ADU expansion or redevelopment. Currently occupied by Section 8 tenants, this asset provides immediate cash flow while awaiting strategic upgrades. This is a high-reward acquisition ideal for Buy-and-Hold Investors or Fix-and-Flip Investors seeking to maximize long-term rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1258 E 126th Subject | $549,000* List Price | 3 | 1 | 1,012 | $529 | - |
A 11506 Wadsworth Sold | $585,000 | 2 | 1 | 988 | $592 | 0.9 mi |
B 2114 N Bahama Avenue Sold | $455,000 | 2 | 1 | 832 | $547 | 0.5 mi |
C 616 E 135th Sold | $443,000 | 2 | 1 | 760 | $583 | 1.0 mi |
D 642 E 136th Street Sold | $635,000 | 3 | 2 | 1,251 | $508 | 1.0 mi |
E 11218 Belhaven Sold | $555,000 | 2 | 1 | 1,076 | $516 | 1.0 mi |
F 11743 Slater Active | $550,000 List Price | 2 | 2 | 1,002 | $549 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1942 (80+ years old) with no evidence of recent renovations. Marketed specifically as a 'fix-and-flip' or 'redevelopment' opportunity, the property requires a full remodel of the kitchen, baths, and systems to meet modern standards.
The property offers significant value-add opportunities through renovation, redevelopment, or the addition of an ADU on the 5,128 sqft lot to maximize ROI.
Currently occupied by Section 8 tenants paying above-market rents, providing a reliable and immediate income stream for buy-and-hold investors.
Conveniently situated near major freeways and public transit in an area undergoing active redevelopment, ensuring strong long-term demand and appreciation.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The property is sold in as-is condition and requires significant cosmetic or structural updates, necessitating immediate capital expenditure from the buyer.
Built in 1942, the 3-bedroom layout includes only one bathroom, which may limit its appeal to modern families without a costly reconfiguration.
Attention investors and developers! Don't miss this exceptional value-add opportunity in Los Angeles. Whether you're looking for your next fix-and-flip, a long-term rental, or a project with redevelopment potential, this property offers multiple exit strategies in a market with strong housing demand. The existing home provides a solid foundation for renovation while the lot offers potential for expansion, an ADU, or additional improvements, subject to buyer verification with the City of Los Angeles. Investors will appreciate the opportunity to add value through cosmetic updates, a full remodel, or repositioning the property to maximize resale or rental income. Current tenants are paying over market rents section 8 approved. Conveniently located near major freeways, public transportation, schools, shopping, and more this property is well positioned for both development and tenant demand. The surrounding area continues to experience ongoing investment and redevelopment, making this an attractive addition to any investment portfolio. Sold as-is development potential. Dont miss out on this opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,012 | 1,672 |
| Lot Size | 5,128 | 6,067 |
| Price | $549.0K | $1.37M |
| Price per sq ft | $542 | $801 |
| Built year | 1942 | 1939 |
| HOA | $0 | $348 |
| Days on market | 22 | 56 |
Jun 30, 2026
$549,000
Initial Listing