
Los Angeles, California 90004
This property presents a High-Potential Investment Opportunity with a List Price of $1,299,000—positioned above the $1,149,918 Fair Market Value by 12%. While the property requires significant capital expenditure due to its Fair Condition Rating, the 7,260 sqft corner lot and versatile zoning provide a canvas for high-value renovation or ADU development. The asset is well-positioned for Buy-and-Hold Investors or Contractors capable of executing a comprehensive overhaul to capture the long-term demand of this vibrant Koreatown location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 184 S Harvard Boulevard Subject | $1,299,000* List Price | 3 | 2 | 1,790 | $642 | - |
A 239 S Gramercy Place Sold | $1,330,000 | 3 | 1 | 1,787 | $744 | 0.5 mi |
B 5021 Elmwood Avenue Sold | $1,100,000 | 3 | 1 | 1,671 | $658 | 0.9 mi |
C 250 N Ridgewood Place N Sold | $1,080,000 | 0 | 0 | 2,080 | $519 | 0.7 mi |
D 241 N Catalina Street Active | $1,350,000 List Price | 3 | 2 | 1,718 | $786 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1911 and sold 'as-is,' this property is a clear rehab candidate. While the listing uses 'digitally rendered' photos to show potential, the actual images reveal significant deferred maintenance, including peeling exterior paint, dated wood-paneled interiors, and window AC units instead of central HVAC. The description explicitly invites renovation or expansion, confirming the structure is well past its functional lifespan without a total overhaul.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7260, living area = 1790.
Situated on a generous 7,260 sqft corner lot in the heart of Koreatown, the property offers high visibility and accessibility, making it an ideal candidate for a home office or professional daycare.
Featuring a detached rear garage and a private driveway, this property provides a flexible canvas for expansion, ADU development, or a complete custom renovation to maximize value.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The property is sold in as-is condition, which implies the need for significant immediate investment in repairs and modernization to bring it up to current market standards.
Dating back to 1911, the home likely requires extensive updates to its aging systems, such as plumbing and electrical, which can be costly and time-consuming for new owners.
Rare opportunity in vibrant Koreatown! Ideal for Day Care or home office. Nestled on a corner lot in one of Los Angeles' most dynamic neighborhoods, this single-family home is full of potential. Whether you're looking to renovate, expand, or create your dream home, this property offers a fantastic canvas. Features include a private driveway, detached rear garage, and a highly desirable location close to restaurants, cafes, shopping, and transit. Property is sold as-is.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 43% |
| Baths | 2.0 | 4.0 | 28% |
| Square foot | 1,790 | 2,338 | 28% |
| Lot Size | 7,260 | 7,004 | 60% |
| Price | $1.30M | $1.86M | 23% |
| Price per sq ft | $726 | $957 | 38% |
| Built year | 1911 | 1923 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 146 | 3% |
Jun 2, 2026
$1,299,000
Initial Listing
Aug 10, 2012
$370,000
Public Record
Aug 8, 2003
$2,500
Public Record
Mar 19, 2003
$470,000
Public Record