1947 E 74th St, Los Angeles, California 90003, Los Angeles, 90003 - 2 bed, 1 bath
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Los Angeles, California 90003
This property presents a High-Potential Investment Opportunity with a List Price of $529,900—positioned slightly above the $520,513 Fair Market Value. While the home requires a full renovation due to its Fair Condition Rating, the 4,761 sqft lot offers significant Development Potential for an ADU. Located just one block from an elementary school in the Los Angeles Unified district, this asset provides a strategic entry point for Buy-and-Hold Investors or Contractors seeking to capture value through modernization in a high-demand urban corridor.
Property is extensive renovation needed.
Built in 1930 (94 years old) with no mention of recent renovations in the listing description. Given the age and lack of updates to systems or interior, the property likely requires a full rehab of the kitchen, bath, and major systems like electrical and plumbing to meet modern standards.
The property is ideally situated just one block from an elementary school, offering significant convenience and safety for families with young children.
Priced at $529,900, this residence serves as an accessible entry point into the Los Angeles single-family market, appealing to first-time homebuyers and investors.
The 4,761 sqft lot provides a generous footprint relative to the home's size, offering ample space for outdoor living or the potential construction of an Accessory Dwelling Unit (ADU).
Built in 1930, the home likely requires updates to its original systems and structural elements to meet modern efficiency and safety standards.
With only 948 square feet and a single bathroom, the compact layout may be restrictive for growing families or those requiring dedicated workspace.
near walnut park 1 block from elementary school. near the alameda corridor
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 948 | 1,672 |
| Lot Size | 4,761 | 6,067 |
| Price | $529.9K | $1.37M |
| Price per sq ft | $559 | $801 |
| Built year | 1930 | 1939 |
| HOA | $0 | $348 |
| Days on market | 26 | 56 |
Jun 26, 2026
$529,900
Initial Listing