
Los Angeles, California 90007
This property represents a High-Potential Investment Opportunity, listed at $889,888—positioned above the $849,198 Fair Market Value. While priced at a premium, the asset offers significant upside through its 5,905 sqft lot and ADU development potential. Featuring a paid-off solar system and a Condition Rating of 4, the home requires modernization of core systems and permit regularization. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage rental income from the existing studio and unpermitted spaces in a high-demand USC-adjacent hub.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1460 W 23rd Subject 2 bd · 1 ba · 1,317 sqft · $645 | $889,888* List Price | 2 | 1 | 1,317 | $645 | - |
A 1439 W 28th Active 2 bd · 2 ba · 1,631 sqft · $508 · 0.4 mi | $829,000 List Price | 2 | 2 | 1,631 | $508 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1890, the property shows recent cosmetic paint but remains dated overall. The kitchen features older cabinetry and mismatched appliances, and the living area utilizes a dated wall heater rather than central HVAC. While the addition of solar panels is a plus, the presence of multiple unpermitted structures and the age of the primary systems suggest a need for modernization and potential permit regularization.
Strategically located near the USC campus, Exposition Park, and major freeways, this property offers exceptional convenience and high rental demand potential in a central Los Angeles hub.
The generous 5,905 sqft lot provides a significant opportunity for ADU development, while the existing studio and additional rooms offer immediate income-generating possibilities for investors or multi-generational families.
The property features a fully paid-off solar panel system, providing the new owner with immediate utility cost savings and increasing the home's long-term sustainable value.
A substantial portion of the home, including three bedrooms and a studio, is unpermitted, which may present challenges with traditional financing, appraisals, and future city compliance.
Originally built in 1890, the property's extreme age may require significant ongoing maintenance or costly upgrades to core systems like plumbing and electrical, despite recent cosmetic improvements.
Welcome Home! Discover this charming and cozy property in the heart of Downtown Los Angeles, ideally located just a block and a half from the Santa Monica Freeway and San Pedro freeway. Its convenient location puts you close to some of Los Angeles’ most prominent landmarks, including Exposition Park, the Rose Garden, Los Angeles Memorial Coliseum, California Science Center, Natural History Museum, The Staple center, California African American Museum, and the USC campus. The main home features 2 bedrooms and 2 bathrooms, along with three additional bedrooms that may not be permitted. The property has been recently painted and features several cosmetic upgrades, making it a great opportunity for an owner-occupant, extended family, or investor. The property also includes a studio that may not be permitted, which is currently rented and provides additional potential rental income. Another great feature is the fully paid-off solar panel system, which will remain with the property—a valuable benefit for the next owner. The spacious backyard offers plenty of potential and may be ideal for building an ADU, subject to the appropriate permits, plans, and city approval. This creates an exciting opportunity to add value and potentially increase future rental income. Whether you're looking to expand your real estate portfolio, live in the property while generating rental income, or accommodate an extended family, this property offers plenty of possibilities. Don't miss this opportunity! Schedule your private showing today and come see the potential for yourself.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,317 | 1,670.836 |
| Lot Size | 5,905 | 6,152.156 |
| Price | $889.9K | $1.34M |
| Price per sq ft | $676 | $807 |
| Built year | 1890 | 1941 |
| HOA | $0 | $238 |
| Days on market | 35 | 56 |
Oct 6, 2026
$889,888
Initial Listing
Oct 5, 2026
$789,888
Initial Listing