154 W 104th Street, Los Angeles, California 90003, Los Angeles, 90003 - 2 bed, 2 bath
ACTIVE$498,000
154 W 104th Street, Los Angeles, California 90003
2Beds
2Baths
968Sqft
5,405Lot
Price Vs. Estimate
The estimated value ($412,752.325) is $85,247.675 (17%) lower than the list price ($498,000). This property may be overpriced.
Key pros and cons
Top Pros:
Development Potential: The generous 5,405 sq. ft. LAR2-zoned lot offers significant opportunities for expansion, adding ADU/Jr. ADU units, or complete multi-unit redevelopment, appealing to various investor types.
Top Cons:
Age and Condition of Existing Structure: Built in 1927, the existing 968 sq ft home is likely outdated and may require extensive renovation or demolition, adding significant cost and effort for buyers not solely focused on land value.
Compared to the nearby listings
Price:$498.0K vs avg $593.0K ($-95,000)29%
Size:968 sqft vs avg 1,096 sqft43%
Price/sqft:$514 vs avg $51450%
More Insights
Built in 1927 (98 years old).
Condition: Built in 1927, this property is nearly a century old with no indication of major renovations in the past 50 years. The listing description explicitly highlights its potential for 'complete redevelopment with multiple units' and emphasizes the value of the 'LAR2-zoned lot' for 'builders, flippers, and value-add investors,' strongly suggesting the existing structure's value is minimal and its condition warrants demolition for new construction. The exterior image shows a very aged and unmaintained facade, further supporting this assessment. The absence of interior photos, particularly of the kitchen and bathrooms, is a significant red flag, implying these critical areas are in unpresentable or unlivable condition.
Year Built
1927
Close
-
List price
$498K
Original List price
$498K
Price/Sqft
$514
HOA
-
Days on market
-
Sold On
-
MLS number
25604485
Home ConditionTear down
Features
View-
About this home
Exciting investment opportunity in a rapidly growing pocket of Los Angeles! This 2-bedroom, 2-bath home offers 968 square feet of living space on a generous 5,405 sq. ft. LAR2-zoned lot perfect for builders, flippers, and value-add investors. The property's zoning and layout provide multiple possibilities: expand the existing home, add an ADU or Jr. ADU or explore a complete redevelopment with multiple units (buyer to verify). Built in 1927, the home sits east of the 110 and south of Century Blvd, with easy access to the 105 and 110 freeways and just a short walk to the Metro Rail making it a commuter-friendly location near major employment centers and transit options. Whether you're looking to build new, add rental income, or bring new life to the existing structure, this property offers outstanding upside potential in a convenient, central Los Angeles location.
Price History
Date
Event
Price
09/25/25
Sold
$404,500
04/06/05
Sold
$288,000
Condition Rating
Tear down
Built in 1927, this property is nearly a century old with no indication of major renovations in the past 50 years. The listing description explicitly highlights its potential for 'complete redevelopment with multiple units' and emphasizes the value of the 'LAR2-zoned lot' for 'builders, flippers, and value-add investors,' strongly suggesting the existing structure's value is minimal and its condition warrants demolition for new construction. The exterior image shows a very aged and unmaintained facade, further supporting this assessment. The absence of interior photos, particularly of the kitchen and bathrooms, is a significant red flag, implying these critical areas are in unpresentable or unlivable condition.
Pros & Cons
Pros
Development Potential: The generous 5,405 sq. ft. LAR2-zoned lot offers significant opportunities for expansion, adding ADU/Jr. ADU units, or complete multi-unit redevelopment, appealing to various investor types.
Prime Investment Opportunity: Positioned as an 'exciting investment opportunity' in a 'rapidly growing pocket of Los Angeles' with 'outstanding upside potential' for builders, flippers, and value-add investors.
Excellent Commuter Location: Offers superb accessibility with easy access to the 105 and 110 freeways and is just a short walk to the Metro Rail, making it highly desirable for commuters.
Central Los Angeles Location: Situated in a convenient, central Los Angeles location, providing proximity to major employment centers and transit options.
Versatile Use Case: The property's characteristics and zoning appeal to a broad range of buyers, including those looking to build new, add rental income, or extensively renovate the existing structure.
Cons
Age and Condition of Existing Structure: Built in 1927, the existing 968 sq ft home is likely outdated and may require extensive renovation or demolition, adding significant cost and effort for buyers not solely focused on land value.
Overpriced Relative to Market Estimate: The listing price of $498,000 is approximately 14% higher than the estimated property value of $424,791, suggesting it may be overvalued based on current market data for its existing condition.
Extensive Buyer Due Diligence Required: The description explicitly states 'buyer to verify' all development possibilities, placing the burden of confirming zoning, permits, and feasibility entirely on the buyer, which adds risk and potential costs.