131 W 84th Street, Los Angeles, California 90003, Los Angeles, 90003 - 3 bed, 2 bath
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Los Angeles, California 90003
This property presents a High-Potential Investment Opportunity with a List Price of $580,000—positioned slightly above the $570,776 Fair Market Value. While the property requires significant renovation, its R2 Zoning on a 5,400 sq ft lot provides a clear path for density expansion. With a Condition Rating of 5, this asset is a prime candidate for a full rehab to capture market-rate rents. This is a strategic acquisition ideal for Buy-and-Hold Investors or Developers looking to maximize long-term equity through value-add repositioning.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 131 W 84th Street Subject | $580,000* List Price | 3 | 2 | 1,248 | $457 | - |
A 214 E 85th Street Sold | $410,000 | 2 | 1 | 1,203 | $341 | 0.3 mi |
B 122 E 83rd Street Sold | $600,000 | 2 | 2 | 1,180 | $508 | 0.1 mi |
C 124 E 76th Street Sold | $480,000 | 3 | 2 | 1,140 | $421 | 0.5 mi |
D 332 E 79th Street Sold | $520,000 | 2 | 1 | 1,008 | $516 | 0.5 mi |
E 136 W 87th Pl Sold | $540,000 | 3 | 2 | 1,326 | $407 | 0.4 mi |
F 222 W 87th Sold | $680,000 | 3 | 1 | 1,328 | $512 | 0.4 mi |
G 243 E 79 Active Under Contract | $525,000 List Price | 3 | 2 | 1,266 | $415 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1981 (45 years old) with no recorded renovations, this property is explicitly marketed as an 'Investor Special' that 'needs renovation.' The age of the structure and systems exceeds 30 years without updates, and the listing description confirms the need for a full rehab to address deferred maintenance and capture market value.
The property sits on a 5,400 sq ft lot with R2 zoning, providing a rare opportunity to build a second unit or develop a duplex to maximize density and ROI.
Built in 1981, this residence is significantly newer than the typical early 20th-century housing stock in the area, likely offering more modern structural standards.
As an 'Investor Special' priced for its condition, there is a clear path to build significant equity through strategic renovations and capturing market-rate rents.
The property is being sold with a tenant in place, which may complicate the renovation timeline, property access, and the process of repositioning the asset.
The home requires significant upgrades and repairs, necessitating substantial upfront capital and construction management to bring it to its highest and best use.
Value - Investor Special on an R2 Lot. Attention investors and developers! Don't miss this prime value-add opportunity in South LA. Situated on a spacious 5,400 sq ft lot with highly desirable R2 zoning, this 1981-built single-family home features a 3-bedroom, 2-bathroom layout with tremendous upside potential. It is the perfect project for a seasoned investor looking to reposition an asset. Since the property needs renovation, there is a clear path to significantly increase equity and maximize returns by eventually transitioning the property, completing the necessary upgrades, capturing true market rent, or exploring future development possibilities on the R2 lot.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,248 | 1,672 |
| Lot Size | 5,400 | 6,067 |
| Price | $580.0K | $1.37M |
| Price per sq ft | $465 | $801 |
| Built year | 1981 | 1939 |
| HOA | $0 | $348 |
| Days on market | 16 | 56 |
Jul 6, 2026
$580,000
Initial Listing