1518 E 122nd Street, Los Angeles, California 90059, Los Angeles, 90059 - 2 bed, 1 bath
Loading property details...
Los Angeles, California 90059
This Willowbrook Residential Asset is a Strong Value Opportunity, listed at $550,000—positioned well below the $584,376 Fair Market Value by 5%. This valuation gap provides $34,376 in Instant Equity for the incoming owner. While maintaining a Condition Rating of 4, the property is FHA/VA loan ready, offering immediate habitability with significant upside via a detached 2-car garage ideal for ADU conversion. The expansive 5,993 sqft lot and central location near major freeways make this a strategic acquisition for Buy-and-Hold Investors or first-time buyers looking to build wealth through forced appreciation.
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 | $664 | - |
A 1530 E 124th Street Sold | $655,000 | 2 | 1 | 880 | $744 | 0.2 mi |
B 12233 Compton Avenue Sold | $595,000 | 2 | 1 | 850 | $700 | 0.1 mi |
C 1220 E 121st Sold | $621,500 | 3 | 1 | 1,036 | $600 | 0.3 mi |
D 11218 Belhaven Sold | $555,000 | 2 | 1 | 1,076 | $516 | 0.8 mi |
E 916 E 116th Street Sold | $490,000 | 2 | 1 | 836 | $586 | 0.8 mi |
F 1223 E 124th Active | $585,000 List Price | 2 | 1 | 820 | $713 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1946, the property is aged and requires cosmetic updates and modernization. While the listing indicates it is FHA/VA loan ready (suggesting it is habitable and maintained), the exterior features dated metal awnings and the description explicitly states it is awaiting a 'personal touch' and improvements.
The property features a detached 2-car garage and a large 5,993 sqft lot, providing an ideal opportunity for an ADU conversion to generate rental income or increase property value.
Listed at $550,000, this home offers a rare and affordable entry point into the Los Angeles market, making it highly attractive for first-time buyers and investors.
The home is FHA and VA loan ready, allowing buyers to utilize low down payment programs while occupying the property immediately and making improvements over time.
With only 880 square feet of living area, the 2-bedroom, 1-bathroom layout is quite compact and may not suit the needs of larger families or those requiring a home office.
Built in 1946 and described as needing a 'personal touch,' the property likely requires significant cosmetic updates and potential system modernizations to meet contemporary standards.
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 | 33% |
| Baths | 1.0 | 2.0 | 41% |
| Square foot | 880 | 1,076 | 31% |
| Lot Size | 5,993 | 5,201 | 71% |
| Price | $550.0K | $621.5K | 22% |
| Price per sq ft | $625 | $547 | 65% |
| Built year | 1946 | 1945 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 166 | 2% |
Apr 14, 2026
$550,000
Initial Listing