1270 S Indiana Street, East Los Angeles, California 90023, East Los Angeles, 90023 - 2 bed, 1 bath
ACTIVE$489,000
1270 S Indiana Street, East Los Angeles, California 90023
2Beds
1Bath
696Sqft
5,103Lot
Price Vs. Estimate
The estimated value ($450,004.695) is $38,995.305 (7%) lower than the list price ($489,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Development Potential: The R-3 zoning allows for up to 4 units, providing significant opportunity for multi-family development or expansion on the 5,103 sqft lot.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-08-11. The sold price is $405,000.00.
Compared to the nearby listings
Price:$489.0K vs avg $677.5K ($-188,500)14%
Size:696 sqft vs avg 1,188.5 sqft5%
Price/sqft:$703 vs avg $54186%
More Insights
Built in 1924 (101 years old).
Condition: Built in 1924, this property is explicitly marketed as a 'fixer-upper' requiring 'extensive renovation.' The images confirm a severely outdated and neglected condition, particularly in the kitchen with old cabinets, worn countertops, and dated flooring. The overall interior and exterior show significant wear and tear, suggesting major systems are likely original or very old and require substantial repairs and rehabilitation to be safe and comfortable for living. It falls short of 'fair' due to the extensive nature of the required work, aligning with the 'poor' category's description of significant defects and substantial rehabilitation needs.
Year Built
1924
Close
-
List price
$489K
Original List price
$489K
Price/Sqft
$703
HOA
-
Days on market
-
Sold On
-
MLS number
DW25068790
Home ConditionPoor
Features
Patio
View-
About this home
It's tough to find anything for under $500K these days ... Are you looking for a fixer? Buy and keep? Buy and Flip? .. This could be your perfect opportunity to purchase that hard to find Fixer-Upper at a great price!! Turn it into your cozy home, or Fix and Flip to jump start your real estate portfolio .. This property is a 2 bedroom, 1 bath, single family home. County assessor reflects different bedroom count and square footage. Currently tenant occupied but can possibly be delivered vacant. Easy to show with appointment. According to East LA regional planning department, the zoning is R-3 and can allow up to 4 units. The adjacent 2 bed 1 bath single family residence (1272 S. Indiana) is also available for sale, and is also on an R-3 lot.
Price History
Date
Event
Price
08/11/25
Sold
$405,000
03/24/03
Sold
$260,000
Condition Rating
Poor
Built in 1924, this property is explicitly marketed as a 'fixer-upper' requiring 'extensive renovation.' The images confirm a severely outdated and neglected condition, particularly in the kitchen with old cabinets, worn countertops, and dated flooring. The overall interior and exterior show significant wear and tear, suggesting major systems are likely original or very old and require substantial repairs and rehabilitation to be safe and comfortable for living. It falls short of 'fair' due to the extensive nature of the required work, aligning with the 'poor' category's description of significant defects and substantial rehabilitation needs.
Pros & Cons
Pros
High Development Potential: The R-3 zoning allows for up to 4 units, providing significant opportunity for multi-family development or expansion on the 5,103 sqft lot.
Investment-Grade Opportunity: Explicitly marketed as a 'fixer-upper' at a 'great price,' this property is ideal for investors seeking fix-and-flip or value-add projects.
Strategic Acquisition Potential: The adjacent R-3 zoned property (1272 S. Indiana) is also for sale, offering a unique opportunity to acquire both for a larger, combined development parcel.
Accessible Price Point: Positioned as a rare find under $500K, it represents an attractive entry-level investment or homeownership opportunity in a competitive market.
Flexible Occupancy: While currently tenant-occupied, the possibility of being delivered vacant offers flexibility for immediate renovation or continued rental income.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-08-11. The sold price is $405,000.00.
Extensive Renovation Required: The property is explicitly a 'fixer-upper,' indicating a need for substantial capital investment and renovation work to bring it to modern standards.
Small Living Space: With only 696 sqft, the existing structure offers limited living space, which may not appeal to all buyers or owner-occupants.
Discrepancy in Public Records: The county assessor reflects a different bedroom count and square footage than the listing, which could complicate financing, appraisals, or future permits.