
Los Angeles, California 90040
Wow! what a fantastic investment opportunity. This property is a true diamond in the rough with exceptional potential value. It features a large lot, offering ample space to expand and develop something truly impressive. Plus, potential ADU!!! Please let me know if you would like more details or if you are interested in scheduling a viewing.
Property is land value only, full reconstruction required.
The property was built in 1924 (100 years old) and the listing provides no evidence of renovations, meeting the >50y criteria. The description 'diamond in the rough' and the emphasis on lot size and ADU potential indicate the value is primarily in the land rather than the existing 506 sqft structure.
The property features a generous 5,819 sqft lot, providing significant space for expansion or redevelopment in a high-demand Los Angeles submarket.
The lot size and layout offer clear potential for the addition of an Accessory Dwelling Unit (ADU), which can significantly increase the property's total value and rental income potential.
Positioned as a 'diamond in the rough,' this property offers substantial equity growth potential for investors or developers looking to capitalize on a fix-and-flip or long-term hold strategy.
With only 506 square feet of living space and a 1-bedroom configuration, the current structure is undersized for most traditional buyers and requires expansion to be competitive.
Built in 1924 and marketed as a fixer-upper, the property likely requires a substantial capital investment to modernize aging systems and structural components.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 506 | 1,670.836 |
| Lot Size | 5,819 | 6,152.156 |
| Price | $525.0K | $1.34M |
| Price per sq ft | $1.0K | $807 |
| Built year | 1924 | 1941 |
| HOA | $0 | $238 |
| Days on market | 35 | 56 |
Oct 5, 2026
$525,000
Initial Listing