132 E 119th, Los Angeles, California 90061, Los Angeles, 90061 - 0 bed, 0 bath
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Los Angeles, California 90061
Analysis of 132 E 119th, Los Angeles, California 90061 is currently available with a list price of $690,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property is a vacant, shovel-ready development site with no existing structures. As there are no kitchens, bathrooms, or mechanical systems to evaluate, the value lies strictly in the land and approved permits.
The property is delivered with current permits in hand, allowing a builder to bypass the typical 12–18 month entitlement delay and break ground immediately.
As the only R3-zoned lot in the immediate area, this site provides a rare opportunity for high-density residential income development in a restricted zone.
The approved design features a thoughtful mix of 2- and 3-bedroom units, which are highly sought after in the local rental market to maximize ROI.
The list price only covers the land and entitlements, requiring the buyer to secure substantial additional funding for the full construction of the 7,750 sqft project.
The South Los Angeles location may present challenges regarding tenant stability and localized economic factors compared to more established metropolitan hubs.
A rare chance to acquire a shovel-ready development site in South Los Angeles on the only R3-zoned lot in the immediate area. The heavy lifting on entitlements is done - a builder can step in with current permits in hand, and break ground without the typical 12–18 month entitlement delay. The approved design maximizes the lot with a thoughtful mix of 2- and 3-bedroom units well-suited for the local rental market.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 7,750 | 2,250 |
| Lot Size | 7,350 | 5,864 |
| Price | $690.0K | $826.7K |
| Price per sq ft | $89 | $395 |
| Built year | 2026 | 1925 |
| HOA | $0 | $0 |
| Days on market | 15 | 83 |
Jul 20, 2026
$690,000
$765,000
-10% Price Drop
Initial Listing
Jul 7, 2026
$765,000
Initial Listing
Aug 26, 2019
$435,000
Public Record
May 2, 2018
$350,000
Public Record