156 E 70th, Los Angeles, California 90003, Los Angeles, 90003 - 2 bed, 1 bath
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Los Angeles, California 90003
This Single Family Residence is a Strong Value Opportunity, listed at $599,000—positioned well below the $620,016 Fair Market Value by 3%. This valuation gap offers $21,016 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes modern upgrades like recessed lighting and a renovated bath. The R2-zoned lot and detached garage provide significant potential for an ADU. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking long-term wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 156 E 70th Subject | $599,000* List Price | 2 | 1 | 1,006 | $616 | - |
A 401 E 61st Sold | $690,000 | 3 | 2 | 1,022 | $675 | 0.7 mi |
B 230 E 75th Street Sold | $680,000 | 3 | 1 | 890 | $764 | 0.3 mi |
C 332 E 79th Street Sold | $520,000 | 2 | 1 | 1,008 | $516 | 0.6 mi |
D 116 E 74th Sold | $600,000 | 2 | 1 | 874 | $686 | 0.2 mi |
E 122 E 83rd Street Sold | $600,000 | 2 | 2 | 1,180 | $508 | 0.9 mi |
F 247 E 80th Street Active | $599,000 List Price | 2 | 1 | 1,198 | $500 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1912, the property has undergone significant modern upgrades including recessed lighting, newer vinyl windows, and a modern HVAC system. The interior features refinished hardwood floors and a stylized, updated bathroom. The listing describes it as move-in ready, consistent with a well-maintained renovation likely performed within the last 5-15 years.
The property is situated on a 4,743 sq. ft. R2-zoned lot with a detached garage, providing a prime opportunity for ADU conversion, multi-generational living, or adding a second unit to maximize rental income.
Despite its historic 1912 origin, the home features contemporary upgrades including recessed lighting and artistic design elements, offering a move-in-ready environment for first-time buyers.
Located in the heart of South Los Angeles with close proximity to Downtown LA, major freeways, and public transportation, the property offers excellent accessibility and high demand for urban professionals.
With only 1,006 square feet of living area and a single bathroom, the current layout may be restrictive for larger families or those requiring more modern spatial standards.
Being a century-old structure built in 1912, the property may require ongoing maintenance or future capital improvements to aging systems that are common in homes of this era.
Welcome to an incredible homeownership opportunity in the heart of South Los Angeles! Perfect for first-time home buyers, or growing families, this move-in-ready property offers the ideal combination of comfort, convenience, and future income potential. Situated on a spacious 4,743 sq. ft. R2-zoned lot, this property presents exciting possibilities for expansion, multi-generational living, or the addition of an Accessory Dwelling Unit (ADU). Conveniently located near major freeways, public transportation, shopping centers, schools, and just minutes from Downtown Los Angeles, you'll enjoy easy access to everything Southern California has to offer. Step inside and experience a home filled with character and style. Featuring elegant recessed lighting, modern upgrades, and artistic design elements throughout, this residence creates a warm and inviting atmosphere from the moment you enter. The property currently offers a functional 2-bedroom, 1-bathroom layout with an additional room that is currently being used a home office with approximately 1,006 square feet of living space, maximizing comfort and versatility. Outside, a long driveway leads to a detached garage, creating an outstanding opportunity for a future ADU conversion, guest house, home office, or potential rental income. With numerous upgrades throughout and endless possibilities for customization, this property is an excellent opportunity to build equity and create long-term wealth through homeownership.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 47% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 1,006 | 1,008 | 49% |
| Lot Size | 4,743 | 5,130 | 36% |
| Price | $599.0K | $610.0K | 40% |
| Price per sq ft | $595 | $545 | 57% |
| Built year | 1912 | 1924 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 170 | 4% |
Jun 3, 2026
$599,000
Initial Listing
Dec 14, 2000
$129,000
Public Record
Feb 8, 1995
$120,000
Public Record