1523 Cortez Street, Los Angeles, California 90026, Los Angeles, 90026 - 3 bed, 2 bath
1523 Cortez Street
Los Angeles, California 90026
Property Price
SUMMARY
Analysis of 1523 Cortez Street, Los Angeles, California 90026 is currently available with a list price of $499,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
Built in 1921 with no evidence of major renovations in the last 50 years, this 491 sqft structure is in a state of extreme neglect and appears unlivable. The listing description explicitly targets builders and investors for 'repositioning,' and the images show a shell-like interior requiring a complete overhaul or demolition, indicating the property's value is primarily in the land.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Value
Positioned as the lowest-priced single-family home in the highly sought-after 90026 zip code, this property offers an exceptional entry-level opportunity in the heart of Echo Park.
- Significant Development Potential
The generous 4,771 sqft lot and elevated street positioning provide a substantial canvas for expansion or a complete rebuild, with the added benefit of potential DTLA skyline views.
- High Investment Upside
Located just minutes from Echo Park Lake in a dynamic neighborhood, the property presents a rare chance for investors or builders to capture equity through renovation or repositioning.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 1.
- Parking Constraints
The property lacks on-site parking, relying solely on street parking, which is a notable drawback in high-density Los Angeles neighborhoods.
- Restrictive Living Space
With only 491 square feet of living area for a 3-bedroom, 2-bathroom configuration, the current layout is extremely cramped and will likely require significant structural modification.
About 1523 Cortez Street
Opportunity is knocking in prime 90026. Perched above the street just minutes from Echo Park Lake, this single-family home offers strong upside for investors, builders, or savvy end-users looking to create value. Situated on a generously sized lot with elevated positioning and potential DTLA skyline views (with tree trimming), the property presents a rare chance to secure the lowest-priced single-family home currently on the market in the zip code. Street parking only. Ideal for renovation, repositioning, or long-term hold in one of LA’s most dynamic neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1921
- Lot Size
- 4,771 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Betty Plasencia Elementary School
Grades K-6 • 0.2 mi
Lake Street Primary School
Grades K-1 • 0.6 mi
Rosemont Avenue Elementary School
Grades K-5 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 491 | 1,511.5 | 2% |
| Lot Size | 4,771 | 5,060 | 35% |
| Price | $499.0K | $1.48M | 2% |
| Price per sq ft | $1.0K | $907 | 57% |
| Built year | 1921 | 1925 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 164 | 2% |
Pricing History
Listed for Sale
Feb 12, 2026
$499,000
Initial Listing