
Los Angeles, California 90037
This property presents a High-Potential Investment Opportunity with a List Price of $700,000—positioned above the $655,975 Fair Market Value by -6%. Featuring a Fair Condition Rating, this 1908 build requires a comprehensive renovation to modernize its dated interior. The 7,387 sq. ft. lot with alley access and detached 2-car garage provides significant development potential for an ADU. This asset is best suited for Fix-and-Flip Investors or Contractors capable of executing a full-scale value-add project.
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 | $490 | - |
A 1037 W 46th Street Sold | $590,000 | 3 | 2 | 1,414 | $417 | 0.4 mi |
B 872 W 47th Sold | $660,000 | 2 | 1 | 1,090 | $606 | 0.6 mi |
C 1247 W 49th Street Sold | $550,000 | 3 | 1 | 1,392 | $395 | 0.2 mi |
D 1225 W 52nd Street Sold | $585,000 | 3 | 1 | 1,317 | $444 | 0.4 mi |
E 1040 W 45th Street Sold | $575,000 | 2 | 1 | 1,344 | $428 | 0.4 mi |
F 1123 W 52nd Street Sold | $618,000 | 2 | 1 | 1,234 | $501 | 0.5 mi |
G 1345 W 54th Street Sold | $609,000 | 3 | 1 | 1,356 | $449 | 0.5 mi |
H 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 like a new electrical panel and water heater, the kitchen and interior finishes are significantly dated (30+ years) and require a full rehab to be brought to 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 generous 7,387 sq. ft. lot combined with convenient alley access presents a significant opportunity for expansion or the construction of an Accessory Dwelling Unit (ADU).
Essential mechanical upgrades, including a new electrical panel, a new water heater, and central heating and air conditioning, provide a solid foundation and reduce immediate renovation costs.
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 an investor project, the home likely requires a comprehensive overhaul to address aged finishes and potential structural needs to reach its full market value.
The property is zoned for local middle and high schools with low performance ratings, which may limit its attractiveness to families and impact long-term resale value.
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 | 1,664.159 |
| Lot Size | 7,387 | 6,066.556 |
| Price | $700.0K | $1.35M |
| Price per sq ft | $522 | $806 |
| Built year | 1908 | 1939 |
| HOA | $0 | $278 |
| Days on market | 49 | 55 |
Jul 22, 2026
$700,000
Initial Listing
Jul 17, 2001
$179,000
Public Record