
Los Angeles, California 90047
This property presents a High-Potential Investment Opportunity with a List Price of $650,000—positioned above the $574,606 Fair Market Value by 13%. While the current list price exceeds the estimated value, the Condition Rating of 5 and the Spanish-style architecture on a Corner Lot provide a blank canvas for significant value-add. The potential for an ADU addition offers a strategic path to maximize rental income. This is a distressed asset requiring a complete rehab, ideal for Fix-and-Flip Investors or Contractors seeking a project in central Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1453 W 89th Subject 2 bd · 1 ba · 1,168 sqft · $492 | $650,000* List Price | 2 | 1 | 1,168 | $492 | - |
A 8826 S Van Ness Sold 3 bd · 2 ba · 1,314 sqft · $438 · 0.9 mi | $575,000 | 3 | 2 | 1,314 | $438 | 0.9 mi |
B 1932 W 84th Sold 2 bd · 1 ba · 958 sqft · $574 · 0.7 mi | $550,000 | 2 | 1 | 958 | $574 | 0.7 mi |
C 1838 W 85th Street Sold 3 bd · 2 ba · 1,356 sqft · $480 · 0.5 mi | $650,500 | 3 | 2 | 1,356 | $480 | 0.5 mi |
D 1418 W 93rd Sold 3 bd · 2 ba · 1,322 sqft · $424 · 0.4 mi | $560,000 | 3 | 2 | 1,322 | $424 | 0.4 mi |
E 8847 Ruthelen Sold 2 bd · 1 ba · 1,092 sqft · $595 · 0.6 mi | $650,000 | 2 | 1 | 1,092 | $595 | 0.6 mi |
F 9149 S Halldale Avenue Sold 4 bd · 1 ba · 1,546 sqft · $453 · 0.3 mi | $700,000 | 4 | 1 | 1,546 | $453 | 0.3 mi |
G 1851 W 96 Street Sold 3 bd · 1 ba · 1,025 sqft · $605 · 0.7 mi | $620,000 | 3 | 1 | 1,025 | $605 | 0.7 mi |
H 1429 W 94th Place Active 2 bd · 1 ba · 1,181 sqft · $529 · 0.4 mi | $625,000 List Price | 2 | 1 | 1,181 | $529 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1930 and explicitly marketed as a 'complete rehab' for investors only. The interior shows a severely outdated kitchen with significant neglect, and the listing states the property is sold as-is with no repairs, indicating likely safety or structural defects and end-of-life systems.
High School: Middle College High School (9/10).
The property features a detached garage and a backyard with sufficient space for an additional unit (ADU), offering significant value-add potential for investors looking to maximize rental income.
Situated on a corner lot, the home boasts excellent curb appeal and visibility, providing a superior footprint and more natural light compared to standard mid-block properties.
The home requires a complete renovation and is being sold in as-is condition, necessitating a substantial capital investment for repairs, modernization, and structural updates.
As a short sale subject to the Los Angeles Rent Stabilization Ordinance (RSO), the transaction involves increased closing complexity and ongoing regulatory requirements regarding tenant protections.
SHORT SALE This Spanish-style home presents great potential of Investors and buyers looking to own a property in the derisible area of central Los Angeles. This is a single-family home that needs a complete rehab. Looking for investors only. The property is located on the corner lot and has great curb appeal. With the potential rehab work it could be the best looking home on the block. The property is 2 beds /1 bath with a detached garage. There is potential space in the back yard for the additional of another unit. The home is subject to the City of Los Angeles Rent Stabilization Ordinance (RSO) and 9A registration requirements. Buyer to verify and satisfy themselves and preform their own due diligence with city requirements. The home features a living room, dining room, breakfast nook and service porch. Any items left behind by the seller are deemed abandoned. This property will be sold as-is, seller will make no repairs. Broker and Agent do not represent or guarantee the accuracy of the square footage condition, development potential, bedroom and bathroom count, lot size or lot lines, dimensions, permitted or non-permitted spaces.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.7 mi
Grades K-6 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,168 | 1,670.836 |
| Lot Size | 4,522 | 6,152.156 |
| Price | $650.0K | $1.34M |
| Price per sq ft | $557 | $807 |
| Built year | 1930 | 1941 |
| HOA | $0 | $238 |
| Days on market | 18 | 56 |
Oct 22, 2026
$500,000
Initial Listing
Oct 22, 2026
$650,000
Initial Listing
Mar 12, 2024
$610,000
Public Record