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
Analysis of 1462 E 98th, Los Angeles, California 90002 is currently available with a list price of $418,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1948 (78 years old) with no evidence of recent renovations. The listing explicitly describes the property as an 'Investor Special' that 'needs repairs and updating' and is being sold 'AS-IS,' indicating significant rehab is required to address dated systems and likely structural/safety wear.
PROSSTRENGTHS & OPPORTUNITIES
- High Density Layout
With a 4-bedroom, 3-bathroom configuration, this property offers a high bedroom count relative to its square footage, maximizing potential rental yield and appeal for larger families.
- Value-Add Potential
Priced below market value as an 'Investor Special,' the property provides a significant opportunity for equity growth through renovation and modernization in a competitive Los Angeles submarket.
- Mitigated Tenant Risk
The seller’s agreement to handle tenant relocation and cash-for-keys at their own expense removes a major legal and financial burden typically associated with distressed occupied properties.
CONSRISKS & DEFICIENCIES
- Significant Deferred Maintenance
The property is sold in strictly as-is condition and requires substantial repairs and updates, necessitating a buyer with significant liquid capital for post-acquisition construction.
- Restrictive Transaction Terms
The preference for cash buyers, a rapid 15-day closing period, and limited access for showings create high barriers to entry for traditional buyers or those requiring conventional financing.
About 1462 E 98th
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.
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 | 1,664.159 |
| Lot Size | 1,934 | 6,066.556 |
| Price | $418.0K | $1.35M |
| Price per sq ft | $359 | $806 |
| Built year | 1948 | 1939 |
| HOA | $0 | $278 |
| Days on market | 22 | 55 |
Pricing History
Listed for Sale
Aug 19, 2026
$418,000
Initial Listing
Price Change
Aug 18, 2026
$407,000
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