1718 E 113th Street, Los Angeles, California 90059, Los Angeles, 90059 - 2 bed, 2 bath
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Los Angeles, California 90059
This property presents a High-Potential Investment Opportunity with a List Price of $750,000—positioned above the $705,570 Fair Market Value by 6%. While priced at a premium, the offering includes three separate APNs totaling 13,721 sqft, providing significant redevelopment potential for multi-unit housing. With a Condition Rating of 6, the existing structure is a likely tear-down, shifting the focus entirely to land utility and density. This is a strategic acquisition for Buy-and-Hold Investors or Real Estate Developers aiming to capitalize on California’s SB 9/10 housing legislation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1718 E 113th Street Subject | $750,000* List Price | 2 | 2 | 1,406 | $502 | - |
A 2438 E 114th Active Under Contract | $645,000 List Price | 3 | 2 | 1,386 | $465 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1942 and over 80 years old with no mention of renovations, the listing focuses entirely on the land's redevelopment potential and the ability to build multiple units, indicating the existing structure is likely unlivable or of negligible value compared to the lot.
High School: Compton Early College High (9/10).
The offering includes three separate APNs totaling 13,721 sqft, providing a rare and expansive footprint for multi-unit redevelopment or subdivision in a high-demand Los Angeles area.
Situated on a corner lot, the property offers superior accessibility, increased visibility, and greater design flexibility for new construction projects or ADU additions.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6850, other record lot size in square feet = 3424.
The majority of assigned public schools in the immediate vicinity carry low performance ratings, which may deter traditional family buyers and impact long-term resale value for single-family use.
Built in 1942 and marketed as a redevelopment opportunity, the existing structure likely requires significant capital expenditure or complete demolition to achieve the land's highest and best use.
An exceptional CORNER LOT investment opportunity awaits with this unique offering that includes THREE separate APNs (total of 13,721 sqft; 0.32 acres - all being sold together), creating a rare chance for redevelopment, expansion, or long-term hold in a high-demand area. Taking advantage of the latest Assembly Bills/Senate Bills with relaxed guideline for approval process, and helping to create more housing. Whether you're looking to build multiple units, subdivide, or maximize rental income, this parcel grouping offers unmatched flexibility. The property offers offering investors the opportunity to bring their vision and capitalize on the property's full potential. With generous lot square footage spread across the three parcels, the possibilities are extensive. ADUs, multi-unit development, or even a full reconfiguration! The choice is yours! Make this rare chance a reality for you!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,406 | 1,672 |
| Lot Size | 6,850 | 6,067 |
| Price | $750.0K | $1.37M |
| Price per sq ft | $533 | $801 |
| Built year | 1942 | 1939 |
| HOA | $0 | $348 |
| Days on market | 36 | 56 |
Jun 16, 2026
$750,000
Initial Listing