1645 W 121st, Los Angeles, California 90047, Los Angeles, 90047 - 3 bed, 2 bath
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Los Angeles, California 90047
This Value-Add Residential Asset represents a High-Potential Investment Opportunity, listed at $650,000—positioned well below the $730,665 Fair Market Value by 11%. This valuation gap provides $80,665 in Instant Equity for buyers prepared to modernize the 1955 structure. With a Condition Rating of 4, the property requires core system updates but offers significant upside via its 7,004 sqft lot and ADU Potential. Located near major freeways, this acquisition is ideal for Fix-and-Flip Investors or Buy-and-Hold Investors seeking forced appreciation in South Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1645 W 121st Subject | $650,000* List Price | 3 | 2 | 1,537 | $475 | - |
A 1558 W 123rd Sold | $715,000 | 3 | 2 | 1,400 | $511 | 0.2 mi |
B 1445 W 110th Place Sold | $545,900 | 3 | 2 | 1,456 | $375 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1955, this property is significantly outdated and requires modernization of its core systems and cosmetic renovations. The exterior shows signs of deferred maintenance such as peeling paint and cracked concrete, and the use of window AC units indicates a lack of modern central HVAC. While the listing suggests it is functional and livable, it has not undergone major renovations to meet current quality standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7004, living area = 1537.
The generous ~7,004 sq ft lot provides a significant opportunity for homeowners or investors to add an Accessory Dwelling Unit (ADU) or expand the existing structure to maximize property value.
With approximately 1,537 sq ft of living space, this 3-bedroom, 2-bathroom residence offers a functional and well-proportioned floor plan that is larger than many comparable homes in the area.
Built in 1955, the home likely requires modernization of its core systems and cosmetic renovations to meet contemporary standards and improve energy efficiency.
The property lacks any significant views or premium outdoor features, which may limit its appeal to buyers seeking aesthetic surroundings or high-end curb appeal.
Welcome to 1645 W. 121st St, a spacious single-story home in the heart of Los Angeles offering comfort, potential, and value. This 3-bedroom, 2-bathroom residence features approximately 1,537 sq ft of living space on a generous ~7,000 sq ft lot, providing ample room for both indoor living and outdoor possibilities. Built in 1955, the home presents a functional layout with well-sized bedrooms, a large living area, and great natural light throughout. The expansive lot presents an excellent opportunity to add an ADU, expand the existing structure, or create your ideal outdoor retreat. Perfect for both homeowners and investors, this property is conveniently located near major freeways, making commuting throughout Los Angeles easy and accessible. Nearby schools, shopping, and local amenities add to the home’s overall appeal. Whether you’re looking to move in, renovate, or invest, this property offers endless potential in a growing area of South Los Angeles.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,537 | 1,369 | 74% |
| Lot Size | 7,004 | 5,285 | 93% |
| Price | $650.0K | $745.0K | 30% |
| Price per sq ft | $423 | $522 | 12% |
| Built year | 1955 | 1930 | 95% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 181 | 1% |
Apr 10, 2026
$650,000
Initial Listing