
Los Angeles, California 90001
This property presents a High-Potential Investment Opportunity with a List Price of $625,000—positioned well below the $626,106 Fair Market Value by 0.18%. This asset offers $1,106 in Instant Equity. Featuring a Fair Condition Rating, the property includes a Multi-Unit Configuration on a 5,521 sqft lot with Ample Off-Street Parking. While the home requires modernization and potential legalization of units, it provides immediate rental versatility. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking flexible living arrangements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1320 E 71st Subject 3 bd · 3 ba · 1,400 sqft · $447 | $625,000* List Price | 3 | 3 | 1,400 | $447 | - |
A 1216 E 84th Street Sold 3 bd · 2 ba · 1,176 sqft · $442 · 0.9 mi | $520,000 | 3 | 2 | 1,176 | $442 | 0.9 mi |
B 712 E 82nd Sold 3 bd · 2 ba · 1,115 sqft · $538 · 1.0 mi | $600,000 | 3 | 2 | 1,115 | $538 | 1.0 mi |
C 1139 E 82nd Sold 4 bd · 3 ba · 1,711 sqft · $400 · 0.8 mi | $685,000 | 4 | 3 | 1,711 | $400 | 0.8 mi |
D 7651 Miramonte Sold 3 bd · 2 ba · 1,257 sqft · $418 · 0.5 mi | $525,000 | 3 | 2 | 1,257 | $418 | 0.5 mi |
E 722 E 79th Sold 4 bd · 2 ba · 1,830 sqft · $355 · 0.8 mi | $650,000 | 4 | 2 | 1,830 | $355 | 0.8 mi |
F 1018 E 73rd Sold 2 bd · 2 ba · 977 sqft · $563 · 0.4 mi | $550,000 | 2 | 2 | 977 | $563 | 0.4 mi |
G 1319 E 75th Street Active 4 bd · 2 ba · 1,423 sqft · $513 · 0.2 mi | $729,900 List Price | 4 | 2 | 1,423 | $513 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1920, the property is over 100 years old and shows dated interior finishes such as older wall tiling and parquet-style flooring. While the listing mentions 'good condition,' the visual evidence of older fixtures and the presence of unpermitted conversions (garage and rear unit) suggest the systems and aesthetics are likely over 20 years old and require modernization and legalization.
The property is currently configured into three separate living spaces, providing immediate versatility for rental income or multi-generational living arrangements.
A large 5,521 sqft lot featuring a long driveway and security gate offers rare, secure off-street parking for multiple vehicles in a dense urban area.
Both the interior and exterior are reported to be in good condition, offering a move-in ready opportunity that minimizes immediate renovation costs for investors.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1400, other record living area = 984. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The existing conversions may not be fully permitted, placing the burden and cost of legalizing the ADU and living spaces on the buyer subject to city approval.
Built in 1920, the property may have aging underlying systems such as plumbing and electrical that could require significant updates to meet modern building codes.
Don't miss this fantastic opportunity to own a versatile property with tremendous potential! Situated on a spacious lot in a centrally located South Los Angeles neighborhood, this single-family residence has been converted into multiple living spaces, offering flexibility and potential rental income. Front unit features 2 bedrooms and 1 bathroom, while the rear unit offers 1 bedroom and 1 bathroom. Additionally, the converted garage provides a separate living space with its own bathroom. Explore the possibility of legalizing the existing conversions and creating a permitted ADU configuration, subject to city approval and applicable requirements. The property features a large lot, long driveway, and security gate, providing ample off-street parking, privacy, and convenience. Both the interior and exterior are in good condition, making this an attractive opportunity for investors, extended families, or buyers seeking flexible living arrangements.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,400 | 1,670.836 |
| Lot Size | 5,521 | 6,152.156 |
| Price | $625.0K | $1.34M |
| Price per sq ft | $446 | $807 |
| Built year | 1920 | 1941 |
| HOA | $0 | $238 |
| Days on market | 5 | 56 |
Nov 4, 2026
$625,000
Initial Listing