1518 E 122nd Street, Los Angeles, California 90059, Los Angeles, 90059 - 2 bed, 1 bath
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Los Angeles, California 90059
This property presents a High-Potential Investment Opportunity with a List Price of $550,000—positioned well below the $552,288 Fair Market Value by 0.4%. This valuation gap offers $2,288 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home offers significant upside through the ADU Development Potential of its detached garage and large lot. Located in the emerging Willowbrook community, this asset is ideal for Buy-and-Hold Investors or first-time buyers seeking a value-add project with strong commuter access.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1518 E 122nd Street Subject | $550,000* List Price | 2 | 1 | 880 | $628 | - |
A 12233 Compton Avenue Sold | $595,000 | 2 | 1 | 850 | $700 | 0.1 mi |
B 2114 N Bahama Avenue Sold | $455,000 | 2 | 1 | 832 | $547 | 0.8 mi |
C 630 E 119th Sold | $640,000 | 2 | 1 | 1,091 | $587 | 1.0 mi |
D 2010 N Corlett Sold | $675,000 | 3 | 2 | 961 | $702 | 1.0 mi |
E 1220 E 121st Sold | $621,500 | 3 | 1 | 1,036 | $600 | 0.3 mi |
F 11218 Belhaven Sold | $555,000 | 2 | 1 | 1,076 | $516 | 0.8 mi |
G 1223 E 124th Street Pending | $582,500 List Price | 2 | 1 | 820 | $710 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1946 and appearing largely original, the property is over 75 years old and significantly dated. While the listing states it is FHA/VA loan ready (implying basic habitability and functional systems), the description 'awaiting your personal touch' and 'make improvements over time' confirms it needs cosmetic and likely system updates.
The property features a detached two-car garage and a generous 5,993 sqft lot, providing an ideal footprint for an Accessory Dwelling Unit (ADU) conversion to maximize rental income or property value.
Being FHA and VA loan ready is a major advantage in this price bracket, allowing first-time buyers and veterans to secure the home with low down payment options while making improvements over time.
Situated in the emerging Willowbrook community, the home offers excellent proximity to the 105 and 110 freeways, providing central access to the greater Los Angeles area, schools, and shopping.
At just 880 square feet, the interior living space is quite limited for a two-bedroom residence, which may feel restrictive for families or those requiring a home office.
The home is noted as needing a 'personal touch,' indicating that while functional, it likely requires cosmetic modernization and updates to its 1946-era finishes to meet current market standards.
BACK ON MARKET AT NO FAULT TO SELLER, BUYER COULD NOT PERFORM!Welcome to Willowbrook! Don't miss your chance to own in one of the most up and coming communities in Los Angeles right now. Often referred to as one of the city's best kept secrets, Willowbook provides you a central location close to schools, shopping, the 105 and 110 freeways and so much more. This home is priced to sell! It features 2 nice sized bedrooms and 1 bathroom that are awaiting your personal touch. You will find that this home features a large backyard and a detached 2 car garage that could easily be converted to an ADU like some of the neighbors in the community have already done! This home is FHA/VA loan ready, meaning you can move in right away and make improvements over time! In today's HOT Real Estate market, finding a home at this price point is nearly impossible, so don't hesitate to come and purchase this before it is gone! Contact Listing Agent for more information or to schedule your viewing.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 35% |
| Baths | 1.0 | 2.0 | 42% |
| Square foot | 880 | 1,082.5 | 31% |
| Lot Size | 5,993 | 5,048.5 | 77% |
| Price | $550.0K | $630.0K | 19% |
| Price per sq ft | $625 | $555 | 67% |
| Built year | 1946 | 1946 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 63 | 158 | 12% |
Apr 14, 2026
$550,000
Initial Listing