142 W 85th Street, Los Angeles, California 90003, Los Angeles, 90003 - 2 bed, 1 bath
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Los Angeles, California 90003
This property presents a High-Potential Investment Opportunity with a List Price of $499,000—positioned well below the $475,178 Fair Market Value by -5%. While the home carries a Condition Rating of 5, the LAC2 Zoning and 5,400 sqft lot provide significant upside for development or an ADU conversion. This asset requires a full interior and exterior rehab, making it a strategic acquisition for Fix-and-Flip Investors or Contractors seeking to capitalize on the property's structural expansion potential and high-density development capabilities.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 142 W 85th Street Subject | $499,000* List Price | 2 | 1 | 1,144 | $415 | - |
A 122 E 83rd Street Sold | $600,000 | 2 | 2 | 1,180 | $508 | 0.2 mi |
B 343 W 84th Sold | $430,000 | 2 | 2 | 1,238 | $347 | 0.3 mi |
C 214 E 76th Place Sold | $455,000 | 4 | 1 | 855 | $532 | 0.7 mi |
D 214 E 85th Street Pending | $369,000 List Price | 2 | 1 | 1,203 | $307 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1912 and explicitly marketed as a 'FIXER UPPER,' this property requires a full interior and exterior rehab. While the listing mentions it is livable, the 100+ year age without documented updates to major systems, kitchen, or baths indicates significant deferred maintenance, with the primary value residing in the LAC2 development potential.
The property is situated on a 5,400 sqft lot zoned LAC2, providing significant opportunities for commercial development, multi-unit expansion, or high-density residential projects.
The detached garage and spacious rear yard offer an ideal footprint for an Accessory Dwelling Unit (ADU) conversion, allowing for increased property value and potential rental income.
Listed at $499,000, this property offers a rare, accessible price point for the Los Angeles market, making it an attractive option for investors or flippers looking for a high-upside project.
Explicitly marketed as a 'fixer-upper,' the property likely requires substantial capital investment to address cosmetic and structural updates before it is market-ready.
Built in 1912, the home may possess aging mechanical, electrical, and plumbing systems that could necessitate costly upgrades to meet modern building codes.
FIXER UPPER Look at This charming 2-bedroom, 1-bath home is located in an amazing neighborhood and offers incredible potential. MOVE IN ASAP. The property sits on a generously sized lot, zoned LAC2, opening the door to development or expansion opportunities (buyer to verify). Features include: Detached garage ideal for a possible ADU conversion. Spacious yard perfect for entertaining, gardening, or future development, situated in a highly desirable area with strong appeal.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 45% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 1,144 | 1,029 | 55% |
| Lot Size | 5,400 | 5,182.5 | 64% |
| Price | $499.0K | $614.5K | 25% |
| Price per sq ft | $436 | $531 | 20% |
| Built year | 1912 | 1924 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 184 | 5% |
May 13, 2026
$499,000
Initial Listing