
Los Angeles, California 90037
This property presents a Strong Value Opportunity with a List Price of $485,000—positioned well below the $443,049 Fair Market Value by -9%. While the home carries a Condition Rating of 6 and requires significant renovation, the Zoning R2 designation and 4,841 sqft lot provide substantial redevelopment potential. The current layout offers flexible bonus spaces, making this a strategic acquisition for Buy-and-Hold Investors or Contractors seeking to capitalize on the high-demand USC/Coliseum area through ADU expansion or full-scale property modernization.
Property is land value only, full reconstruction required.
The property is 104 years old with no evidence of renovation, meeting the >50y criteria. It is currently boarded up (unlivable) and marketed as a 'fixer' with 'development vision' and R2 zoning, suggesting the value lies primarily in the land and redevelopment potential.
The R2 zoning offers significant upside for investors or developers to add a second unit or ADU, maximizing the property's density and value.
While records show two bedrooms, the current layout includes two additional bonus rooms, providing versatile options for a home office, den, or expanded living area.
Conveniently located near USC, the Coliseum, and SoFi Stadium, the property is positioned in a high-demand area for rentals and long-term appreciation.
The property is a fixer-upper sold in as-is condition, requiring a substantial capital investment for repairs and modernization.
The mismatch between public records and the actual physical layout may complicate traditional financing or require additional permitting to legalize the bonus spaces.
Fixer with R2 zoning and major upside potential in Los Angeles, offering character, flexibility, and multiple paths for the right buyer. Public records show 2 bedrooms and 1 bathroom, while the current layout includes 2 bedrooms plus 2 additional bonus/flex rooms that may serve as an office, den, creative space, or expanded living area. The home features a spacious living room with a fireplace, dining area, indoor laundry, large front and rear yards, and a long-gated driveway. The R2 zoning may offer future potential for additional units, an ADU, expansion, or redevelopment, subject to the buyer's independent investigation and city approval. Conveniently located near USC/Coliseum area, SoFi Stadium, local museums, shopping, dining, and major transit routes. Property is being sold as-is through probate with full authority, and no court confirmation is required. Bring your contractor or development vision and unlock the full potential of this versatile Los Angeles opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 964 | 1,672 |
| Lot Size | 4,841 | 6,067 |
| Price | $485.0K | $1.37M |
| Price per sq ft | $503 | $801 |
| Built year | 1920 | 1939 |
| HOA | $0 | $348 |
| Days on market | 14 | 56 |
Jul 8, 2026
$485,000
Initial Listing