
Los Angeles, California 90037
This property presents a High-Potential Investment Opportunity with a List Price of $700,000—positioned well below the $653,365 Fair Market Value by -7%. While the property requires a comprehensive renovation given its Fair Condition Rating, it features critical infrastructure upgrades including a new electrical panel and central HVAC. The expansive 7,387 sq. ft. lot with alley access provides significant development potential for an ADU. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking to maximize value through structural expansion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1336 W 46th St Subject | $700,000* List Price | 3 | 2 | 1,340 | $488 | - |
A 1225 W 52nd Street Sold | $585,000 | 3 | 1 | 1,317 | $444 | 0.4 mi |
B 1040 W 45th Street Sold | $575,000 | 2 | 1 | 1,344 | $428 | 0.4 mi |
C 1247 W 49th Street Sold | $550,000 | 3 | 1 | 1,392 | $395 | 0.2 mi |
D 1123 W 52nd Street Sold | $618,000 | 2 | 1 | 1,234 | $501 | 0.5 mi |
E 1345 W 54th Street Sold | $609,000 | 3 | 1 | 1,356 | $449 | 0.5 mi |
F 620 W 42nd Place Sold | $495,000 | 2 | 1 | 1,088 | $455 | 0.9 mi |
G 945 W 54th Street Sold | $620,000 | 2 | 1 | 1,219 | $509 | 0.7 mi |
H 1111 W 54th Sold | $640,000 | 3 | 1 | 1,188 | $539 | 0.6 mi |
I 1024 W 42nd Pl Active Under Contract | $599,900 List Price | 2 | 1 | 1,308 | $459 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1908, this property is explicitly marketed as an investor renovation or development project. While it features some updated systems including a new electrical panel, new water heater, and central HVAC, the overall age (>100 years) and the listing's emphasis on 'adding value' through renovation indicate it needs a significant rehab to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7387, living area = 1340.
The oversized 7,387 sq. ft. lot with alley access and a detached garage presents a prime opportunity for an ADU (Accessory Dwelling Unit) or significant property expansion.
The home features critical infrastructure upgrades including central HVAC, a new electrical panel, and a new water heater, reducing immediate capital expenditures for a renovator.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Built in 1908 and marketed as a fixer-upper, the property likely requires a comprehensive overhaul to address cosmetic and structural aging to meet modern standards.
The majority of the assigned public schools for this location carry low ratings, which may limit the property's appeal to families and impact long-term appreciation.
Calling all investors! This property is full of potential and ready to become your next renovation or development project. This home presents an outstanding opportunity to add value in a desirable area. The property offers 3 bedrooms, 1.5 bathrooms, 1,340 sq. ft. of living space on a generous 7,387 sq. ft. lot with convenient alley access. A long driveway leads to a detached 2-car garage and provides ample parking, including RV parking. Interior features include central heating and air conditioning, a cozy living room fireplace, a gas stove, a new water heater, and a new electrical panel. Additional window A/C units are located in the primary bedroom and kitchen for added comfort. The home also features a dedicated laundry area with washer and dryer hookups, ceiling fans, and a full bathroom with a tub. Outside, you'll find a spacious front porch, a storage unit equipped with a window A/C, a brick privacy wall in the backyard, and a fenced front yard. The property offers excellent accessibility with three separate entrances, two from the front and one from the alley. Whether you're looking to renovate, expand, or build equity, this property offers endless possibilities. Don't miss this exceptional investment opportunity!
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-2 • 0.4 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,340 | 1,672 |
| Lot Size | 7,387 | 6,067 |
| Price | $700.0K | $1.37M |
| Price per sq ft | $522 | $801 |
| Built year | 1908 | 1939 |
| HOA | $0 | $348 |
| Days on market | 3 | 56 |
Jul 22, 2026
$700,000
Initial Listing
Jul 17, 2001
$179,000
Public Record