1462 E 98th, Los Angeles, California 90002, Los Angeles, 90002 - 4 bed, 3 bath
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1462 E 98th
Los Angeles, California 90002
ACTIVE
CONDITION: POOR
4Beds
3Baths
1,163Sq Ft
1,934Lot Size
Property Price
LIST PRICE$418,000
SUMMARY
Investor Special - Priced Below Market! Outstanding value-add opportunity in Los Angeles. Property is being sold AS-IS and needs repairs and updating. Seller will handle tenant relocation, including cash-for-keys, at seller's expense. Seller has never occupied the property and has limited knowledge of its condition. Due to occupancy, access will be limited to a scheduled group showing only. Cash buyers preferred with a quick close of 15 days or less. Great opportunity for investors, flippers, or buyers looking to build equity.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1948, this property is marketed as an investor special sold AS-IS. The listing explicitly states it needs repairs and updating, and images confirm deferred maintenance, heavy clutter, and an overall neglected interior and exterior requiring a complete rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Below-Market Pricing
Priced at $418,000, this property offers a significant value-add opportunity for investors to build equity in the competitive Los Angeles market.
- Seller-Managed Relocation
The seller is handling all tenant relocation costs and cash-for-keys arrangements, mitigating a major logistical hurdle and expense for the buyer.
- High Density Layout
Featuring a 4-bedroom, 3-bathroom configuration within 1,163 square feet, the property is optimized for high-yield rental income or large family occupancy once renovated.
CONSRISKS & DEFICIENCIES
- Significant Repair Needs
The home is sold in as-is condition and requires substantial updating and repairs, necessitating a large upfront capital investment beyond the purchase price.
- Restrictive Purchase Terms
The preference for cash buyers, a quick 15-day close, and limited showing access significantly restricts the buyer pool to experienced investors.
About 1462 E 98th
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 1,934 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,163 | 1,670.836 |
| Lot Size | 1,934 | 6,152.156 |
| Price | $418.0K | $1.34M |
| Price per sq ft | $359 | $807 |
| Built year | 1948 | 1941 |
| HOA | $0 | $238 |
| Days on market | 42 | 56 |
Pricing History
Listed for Sale
Sep 28, 2026
$418,000
Initial Listing
Sold
Sep 18, 2015
$250,000
Public Record
Sold
Dec 21, 2005
$258,000
Public Record
Sold
Jan 14, 2005
$190,000
Public Record
Sold
Sep 7, 2000
$112,000
Public Record
Sold
Jun 8, 2000
$76,500
Public Record