151 W 110th Street, Los Angeles, California 90061, Los Angeles, 90061 - 3 bed, 2 bath
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Los Angeles, California 90061
This Development-Ready Residential Asset is listed at $699,000, positioned accurately at its $699,000 Fair Market Value. Boasting a Condition Rating of 3, the interior features an updated kitchen with stainless appliances and modern bathrooms, ensuring immediate occupancy. The property’s core value lies in its Zoning R2 status and 5,322 sq. ft. lot, offering immense potential for a second unit and ADU expansion to maximize rental yield. Complemented by a long driveway for 6 cars and a private patio, it sits minutes from SoFi Stadium. This is a premier choice for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 151 W 110th Street Subject | $699,000* List Price | 3 | 2 | 1,376 | $508 | - |
A 160 W 121st St Sold | $775,000 | 3 | 2 | 1,364 | $568 | 0.9 mi |
B 237 W 118th Place Sold | $710,000 | 5 | 3 | 1,350 | $526 | 0.7 mi |
C 151 121 St Place Sold | $760,000 | 2 | 2 | 1,366 | $556 | 0.9 mi |
D 143 W 110th Street Active | $649,000 List Price | 3 | 1 | 1,264 | $513 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1924, this property features a recently updated kitchen with modern white shaker cabinets, dark countertops, stainless steel appliances, and subway tile backsplash. Both bathrooms have also been updated with contemporary vanities, fixtures, and subway tile. The interior benefits from fresh paint and updated laminate flooring, making it cosmetically move-in ready. However, given the property's age, and without explicit mention or visual evidence of comprehensive updates to major systems like plumbing, electrical, or HVAC, it does not qualify as 'Excellent' despite the significant cosmetic improvements.
The R2 zoning allows for the addition of a second unit and an Accessory Dwelling Unit (ADU), offering significant potential for increased property value and rental income.
Situated close to major Los Angeles attractions, employment hubs (LAX, Downtown LA), and essential amenities like freeways, schools, and restaurants, enhancing desirability and convenience.
Explicitly marketed for its potential for income through a second unit, ADU, and Airbnb, appealing strongly to investors.
The current listing price of $699,000 is substantially higher than the estimated property value of $442,610, suggesting a potential overvaluation of approximately 36%.
While the R2 zoning is a strength, the ADU and second unit are not yet built, requiring considerable additional investment, time, and effort from the buyer to realize the income potential.
Built in 1924, the property, despite an updated kitchen, may entail higher maintenance costs or require further system upgrades (e.g., plumbing, electrical, HVAC) typical of older homes.
R2 LOT ADD A SECOND UNIT AND ADU PLENTY OF ROOM FOR A FOR BUILD OUT, LARGE 3 BEDROOM 2 BATH HOME, OPEN FLOOR PLAN, UPDATED KITCHEN, LONG DRIVEWAY TO FIT 6 CARS, LARGE OPEN BACKYARD FOR ENTERTAINMENT, GREAT OPPORTUNITY TO BUILD A SECOND UNIT AND A 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 THE LOS ANGELES AREA ATTRACTIONS. GREAT OPPORTUNITY FOR INVESTMENT LOCATION FOR AIRBNB. ZERO DOWN AND CLOSING COSTS ASSISTANCE LOAN PROGRAM AVAILABLE
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,376 | 1,177.5 | 68% |
| Lot Size | 5,322 | 5,683 | 29% |
| Price | $699.0K | $657.0K | 64% |
| Price per sq ft | $508 | $561 | 39% |
| Built year | 1924 | 1948 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 507 | 171 | 0% |
No pricing history data available.