
Los Angeles, California 90059
This Multi-Parcel Redevelopment Asset presents a High-Potential Investment Opportunity with a List Price of $750,000. While the $646,731 Fair Market Value accounts for the existing residence, the primary value is held in the Three Separate APNs totaling 13,721 sqft. This site offers massive Value-Add potential for Multi-Unit Development or ADU Expansion under relaxed housing guidelines. Featuring a Condition Rating of 6 and proximity to the 9/10 rated Compton Early College High, this is a strategic acquisition for Fix-and-Flip Investors or Contractors.
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 | 1 | 1,406 | $460 | - |
A 941 E Imperial Highway Pending | $540,000 List Price | 2 | 1 | 1,190 | $454 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1942, this property is over 50 years old with no indication of major renovations in the past 50 years. The listing description explicitly markets the property as an 'exceptional investment opportunity' for 'redevelopment, expansion, or long-term hold,' emphasizing the potential to 'build multiple units, subdivide, or maximize rental income.' The property analysis further states that the existing residence is 'likely outdated and may require significant renovation or demolition,' adding substantial costs to any redevelopment plan. The value is clearly in the three combined parcels of land (13,721 sqft total) for future development, rather than the existing 2-bed, 1-bath structure. The lack of interior photos suggests the current interior condition (including kitchen and bathroom) is not a selling point and is likely severely outdated, consistent with a property whose highest and best use is land redevelopment.
High School: Compton Early College High (9/10).
The property is explicitly marketed as an exceptional investment opportunity, highlighting its potential for redevelopment, expansion, or long-term hold.
Comprising three separate APNs with a combined total of 13,721 sqft (0.32 acres), this offering provides a substantial land bank for various development projects.
The property is currently 'Active Under Contract,' meaning it is not immediately available for new offers, which may deter potential buyers seeking an immediate acquisition.
Built in 1942, the existing 2-bed, 1-bath, 1406 sqft residence is likely outdated and may require significant renovation or demolition, adding substantial costs to any redevelopment plan.
There is a notable discrepancy between the description stating a total of 13,721 sqft across three APNs and the 'lot_size' field indicating 6850 sqft, which requires clarification for accurate valuation and development planning.
An exceptional 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 34% |
| Baths | 1.0 | 2.0 | 42% |
| Square foot | 1,406 | 1,080.5 | 68% |
| Lot Size | 6,850 | 5,144.5 | 88% |
| Price | $750.0K | $630.8K | 88% |
| Price per sq ft | $533 | $540 | 48% |
| Built year | 1942 | 1945 | 26% |
| HOA | $0 | $0 | 50% |
| Days on market | 372 | 168 | 0% |
Apr 15, 2025
$750,000
Initial Listing