1316 Allesandro, Los Angeles, California 90026, Los Angeles, 90026 - 2 bed, 2 bath
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Los Angeles, California 90026
This Value-Add Residential Asset presents a Strong Value Opportunity with a List Price of $1,150,000—positioned well below the $1,250,000 Fair Market Value by 8%. This valuation gap offers $100,000 in Instant Equity for buyers prepared for a cash-only acquisition. Despite a Condition Rating of 5 due to a missing electrical meter, the property boasts a massive 8,077 SqFt Lot and City Lights Views in Echo Park. Located near top-rated schools like Clifford Street Elementary, this is a high-upside project for Fix-and-Flip Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1316 Allesandro Subject | $1,150,000* List Price | 2 | 2 | 1,241 | $908 | - |
A 753 Micheltorena Street Pending | $1,350,000 List Price | 3 | 1 | 1,436 | $940 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
While the property showcases modern cosmetic updates such as wide-plank flooring, contemporary cabinetry, and renovated bathrooms with glass enclosures, it is currently unlivable and fails to meet basic safety standards due to a missing electrical meter. The kitchen is incomplete without appliances, and the exterior shows unfinished elements. Per the listing's 'cash-only' and 'as-is' status, the property requires substantial utility rehabilitation and system completion before it can be occupied.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8077, living area = 1241.
Situated in the highly sought-after Silver Lake/Echo Park area, the property is strategically priced below its $1.25M projected value, offering immediate equity potential in a high-demand market.
The 8,077 square foot lot is exceptionally large for this urban neighborhood, providing significant room for expansion, outdoor development, or the potential addition of an ADU.
The property lacks an electrical meter, requiring an estimated $50,000 investment and specialized coordination to restore essential power services.
Marketed as a cash-only, as-is sale, the property is ineligible for traditional financing, significantly narrowing the pool of potential buyers to investors and developers.
Welcome to 1316 Allesandro St, a beautifully updated property offering exceptional value in today’s market. With a projected value of approximately $1.25M, this home is strategically priced at $1,150,000 to reflect its current condition and provide immediate upside for the right buyer. The property has already undergone key updates, creating a solid foundation for your final touches. Featuring a generous lot size for the area, this home offers excellent potential for expansion, outdoor enhancements, or maximizing long-term value. Important Note: The property is currently missing an electrical meter. Estimated cost to install a new meter is approximately $50,000 or less, making this a manageable improvement relative to the built-in equity. This is a cash-only opportunity, ideal for investors, developers, or savvy buyers looking to capitalize on a well-located asset with strong upside potential. Sold As-Is. Don’t miss your chance to secure a property with immediate equity and room to grow in a desirable Los Angeles location.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-5 • 0.7 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 40% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,241 | 1,438.5 | 36% |
| Lot Size | 8,077 | 5,001 | 87% |
| Price | $1.15M | $1.38M | 33% |
| Price per sq ft | $927 | $927 | 50% |
| Built year | 1903 | 1926 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 168 | 3% |
Apr 13, 2026
$1,150,000
Initial Listing
Aug 26, 2024
$960,000
Public Record
Jul 29, 2024
$890,000
Public Record