
Los Angeles, California 90061
This Development-Ready Residential Asset is listed at $649,000, positioned at a stable entry point relative to its $643,943 Fair Market Value. Currently maintaining a Condition Rating of 4, the property’s core value is anchored by its R2 Zoning and 5,322 sq. ft. lot, offering significant Value-Add potential through a second unit and ADU expansion. With a long driveway for 6-car parking and a location minutes from SoFi Stadium and LAX, the site is primed for high-demand rental strategies. This is a strategic acquisition for Buy-and-Hold Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 143 W 110th Street Subject | $599,000* List Price | 3 | 1 | 1,264 | $474 | - |
A 237 W 118th Place Sold | $710,000 | 5 | 3 | 1,350 | $526 | 0.7 mi |
B 126 E 118th Place Sold | $600,000 | 3 | 2 | 1,718 | $349 | 0.7 mi |
C 151 W 110th Street Active | $699,000 List Price | 3 | 2 | 1,376 | $508 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1938, this property is aged. While the description mentions an 'updated kitchen,' the images reveal very old appliances, painted original-style cabinets, and dated tile countertops and flooring, suggesting any 'update' was superficial or done many decades ago. The overall condition indicates the home is functional but requires significant cosmetic and functional updates to meet modern standards, particularly in the kitchen and likely the unseen bathroom. Major components show signs of being outdated, aligning with the 'Fair' condition criteria.
The R2 zoning and generous lot size offer significant potential for adding a second unit and an Accessory Dwelling Unit (ADU), providing substantial build-out and income opportunities.
Strategically located a short distance from Downtown LA, SoFi Stadium, LAX, Crypto Stadium, and major freeways, ensuring excellent access to key city attractions, entertainment, and amenities.
The property is highlighted as a great investment, with strong potential for generating income through ADU rentals or as an Airbnb location due to its desirable location.
With 3 bedrooms and only 1 bathroom, the property may present functional limitations for larger families or multiple occupants, potentially impacting daily convenience.
Built in 1938, while the kitchen is updated, other core systems (e.g., plumbing, electrical, roof) may be original or require significant future investment beyond cosmetic improvements.
The property description does not specify the presence of a cooling system (e.g., central air conditioning), which could be a notable comfort concern during hot Los Angeles summers.
R2 LOT ADD A SECOND UNIT AND ADU PLENTY OF ROOM FOR A FOR BUILD OUT, LARGE 3 BEDROOM 1 BATH HOME, OPEN FLOOR PLAN, UPDATED KITCHEN, LARGE DINING ROOM, LONG DRIVEWAY TO FIT 6 CARS, LARGE OPEN BACKYARD FOR ENTERTAINMENT, 2 CAR GARAGE FOR ADU EXPANSION, GREAT OPPORTUNITY TO BUILD A SECOND UNIT ANDA ADU GREAT INCOME POTENTIAL. LOCATED SHORT DISTANCE TO LOS ANGELES DOWNTOWN, SOFI STADIUM, LAX, CRYPTO STADIUM, CLIPPER ARENA, LOCATED CLOSE TO FREEWAYS, ENTERTAINMENT, SCHOOLS, RESTAURANTS, GREAT LOCATION FOR BEING CLOSE TO ALL THELOS ANGELES AREA ATTRACTIONS. GREAT OPPORTUNITY FOR INVESTMENT LOCATION FOR AIRBNB
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 46% |
| Square foot | 1,264 | 1,177.5 | 57% |
| Lot Size | 5,322 | 5,683 | 29% |
| Price | $599.0K | $655.5K | 29% |
| Price per sq ft | $474 | $561 | 32% |
| Built year | 1938 | 1948 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 244 | 171 | 89% |
Apr 15, 2026
$599,000
$649,000
-8% Price Drop
Initial Listing
Apr 5, 2026
$649,000
$699,000
-7% Price Drop
Initial Listing
Aug 21, 2025
$699,000
Initial Listing
Mar 1, 2021
$500,000
Public Record