1555 W 71st Street, Los Angeles, California 90047, Los Angeles, 90047 - 2 bed, 3 bath
1555 W 71st Street
Los Angeles, California 90047
Property Price
SUMMARY
Analysis of 1555 W 71st Street, Los Angeles, California 90047 reveals a property with a current list price of $725,000, which is 15% above the estimated $629,281 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1555 W 71st Street Subject | $725,000* List Price | 2 | 3 | 1,153 | $546 | - |
A 1855 W 68th Sold | $565,000 | 2 | 1 | 1,094 | $516 | 0.4 mi |
B 2056 W 70th Sold | $641,000 | 3 | 1 | 1,208 | $531 | 0.6 mi |
C 1619 W 71st Street Sold | $620,000 | 2 | 1 | 1,034 | $600 | 0.1 mi |
D 2048 W 68th Street Sold | $565,000 | 2 | 1 | 1,034 | $546 | 0.6 mi |
E 1546 W 70th Street Active | $599,000 List Price | 2 | 1 | 1,053 | $569 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1924, this property is nearly 100 years old with no indication of recent major renovations. The property analysis explicitly states it 'may require significant updates to systems (electrical, plumbing, HVAC) and general modernization, potentially incurring substantial renovation costs.' Without interior images, particularly of the kitchen and bathrooms, it's highly probable these areas are significantly outdated and require substantial rehabilitation to meet current standards. The single exterior image shows an older home consistent with its age, suggesting deferred maintenance rather than recent updates.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Middle College High School (9/10).
- Desirable Los Angeles Location
Situated in Los Angeles, offering access to a vibrant urban environment and a generally strong real estate market.
- Excellent Transportation Access
Explicitly noted as 'close to transportation,' providing convenience for commuters and enhancing overall accessibility.
CONSRISKS & DEFICIENCIES
- Significant Vacancy Uncertainty
The property is tenant-occupied with no established timeline for vacancy, posing a substantial risk and potential for prolonged delays for the buyer.
- Age of Property (1924 Construction)
Built in 1924, the home may require significant updates to systems (electrical, plumbing, HVAC) and general modernization, potentially incurring substantial renovation costs.
- Challenging Local School Ratings
Several nearby public schools exhibit low ratings, which could be a deterrent for families prioritizing strong educational options within walking or short driving distance.
About 1555 W 71st Street
Close to transportation. Master bedroom with a bonus/office room, laundry room and a 1/2 bath. Buyers to do their own investigations, inspections to satisfy themselves as to accuracy of furnished information. Information provided not guaranteed for accuracy or reliance. Property currently rented and will be delivered vacant according to seller. Seller unable to establish a timeline for vacancy, as negotiations are ongoing with current tenant. Please contact agent for further information and to make appointment for showing. Thanks!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1924
- Lot Size
- 4,681 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Raymond Avenue Elementary School
Grades K-5 • 0.4 mi
Seventy-Fourth Street Elementary School
Grades K-5 • 0.7 mi
Budlong Avenue Elementary School
Grades K-5 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 23% |
| Baths | 3.0 | 2.0 | 83% |
| Square foot | 1,153 | 1,369 | 26% |
| Lot Size | 4,681 | 5,402 | 25% |
| Price | $725.0K | $725.0K | 50% |
| Price per sq ft | $629 | $522 | 83% |
| Built year | 1924 | 1931 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 183 | 3% |
Pricing History
Listed for Sale
Jan 26, 2026
$725,000
Initial Listing