1718 E 113th Street, Los Angeles, California 90059, Los Angeles, 90059 - 2 bed, 1 bath

1718 E 113th Street, Los Angeles, California 90059 home-pic-0

1718 E 113th Street

Los Angeles, California 90059

ACTIVE UNDER CONTRACT
CONDITION: TEAR DOWN
2Beds
1Baths
1,406Sq Ft
6,850Lot Size

Property Price

LIST PRICE$750,000
EST. MARKET VALUE
$431,636
42% AboveMARKET VALUE

SUMMARY

Analysis of 1718 E 113th Street, Los Angeles, California 90059 reveals a property with a current list price of $750,000, which is 42% above the estimated $431,636 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.

Estimated Market Value

$431,636
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
1718 E 113th Street
Subject
$750,000*
List Price
211,406$307-
A
1644 E 122nd Street
Sold
$550,000321,449$3800.7 mi
B
1954 E 113th
Active
$569,000
List Price
321,470$3870.3 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Tear down
TeardownExcellent

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 The property analysis further states that the existing residence is 'likely outdated and may require significant renovation or demolition,' adding substantial costs to any redevelopment plan.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.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    High School: Compton Early College High (9/10).

  • Exceptional Investment & Development Opportunity

    The property is explicitly marketed as an exceptional investment opportunity, highlighting its potential for redevelopment, expansion, or long-term hold.

  • Multiple APNs & Significant Combined Lot Size

    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.

CONSRISKS & DEFICIENCIES

  • Active Under Contract Status

    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.

  • Age and Condition of Existing Structure

    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.

  • Discrepancy in Lot Size Information

    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.

About 1718 E 113th Street

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!

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1942
Lot Size
6,850 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
1 (1 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Los Angeles Unified Schools

Lovelia P. Flournoy Elementary School

Grades K-5 • 0.2 mi

2/10

Grape Street Elementary School

Grades K-5 • 0.3 mi

3/10

One Hundred Twelfth Street Elementary School

Grades K-5 • 0.6 mi

3/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.03.0
33%
Baths1.02.0
47%
Square foot1,4061,164
72%
Lot Size6,8505,480
91%
Price$750.0K$630.0K
91%
Price per sq ft$533$525
53%
Built year19421945
28%
HOA$0$0
50%
Days on market325191
98%

Pricing History

Listed for Sale

Apr 15, 2025

$750,000

Initial Listing

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