1555 W 71st Street, Los Angeles, California 90047, Los Angeles, 90047 - 2 bed, 3 bath
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Los Angeles, California 90047
This Value-Add Residential Asset presents a strategic opportunity in a high-demand Los Angeles pocket. Listed at $725,000, the property is positioned relative to a $580,611 Fair Market Value, reflecting its unique 3-bathroom configuration and bonus office room potential. Carrying a Condition Rating of 5, the 1924 structure requires comprehensive modernization of core systems but offers significant upside near the 9/10 rated Middle College High School. Due to ongoing tenant negotiations and vacancy uncertainty, this is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking a long-term stabilization project.
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 | $504 | - |
A 2031 W 65th Place Sold | $590,000 | 2 | 1 | 1,106 | $533 | 0.7 mi |
B 7611 S Hobart Sold | $540,000 | 2 | 1 | 1,067 | $506 | 0.4 mi |
C 2065 W 65th Sold | $566,000 | 2 | 1 | 1,096 | $516 | 0.7 mi |
D 1855 W 68th Sold | $565,000 | 2 | 1 | 1,094 | $516 | 0.4 mi |
E 2056 W 70th Sold | $641,000 | 3 | 1 | 1,208 | $531 | 0.6 mi |
F 1546 W 70th Street Pending | $599,000 List Price | 2 | 1 | 1,053 | $569 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
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Without interior images, particularly of the kitchen and bathrooms, it's highly probable these areas are significantly outdated and require substantial rehabilitation to meet current standards.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.
High School: Middle College High School (9/10).
Situated in Los Angeles, offering access to a vibrant urban environment and a generally strong real estate market.
Explicitly noted as 'close to transportation,' providing convenience for commuters and enhancing overall accessibility.
The property is tenant-occupied with no established timeline for vacancy, posing a substantial risk and potential for prolonged delays for the buyer.
Built in 1924, the home may require significant updates to systems (electrical, plumbing, HVAC) and general modernization, potentially incurring substantial renovation costs.
Several nearby public schools exhibit low ratings, which could be a deterrent for families prioritizing strong educational options within walking or short driving distance.
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!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 28% |
| Baths | 3.0 | 2.0 | 85% |
| Square foot | 1,153 | 1,369 | 28% |
| Lot Size | 4,681 | 5,282 | 26% |
| Price | $725.0K | $745.0K | 48% |
| Price per sq ft | $629 | $524 | 82% |
| Built year | 1924 | 1930 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 86 | 181 | 17% |
Jan 26, 2026
$725,000
Initial Listing