
Los Angeles, California 90003
This property presents a High-Potential Investment Opportunity with a List Price of $428,000—positioned well below the $610,000 Fair Market Value by 30%. This valuation gap offers $182,000 in Instant Equity for buyers prepared to execute a comprehensive renovation. With a Condition Rating of 5, the asset requires significant capital improvements to reach its full ARV. This is a strictly cash-only acquisition, making it an ideal project for Fix-and-Flip Investors or Contractors seeking a value-add project in a central urban location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 200 W 66th Street Subject 2 bd · 1 ba · 768 sqft · $548 | $428,000* List Price | 2 | 1 | 768 | $548 | - |
A 10208 Los Angeles Street Sold 2 bd · 2 ba · 1,008 sqft · $531 · 0.6 mi | $535,000 | 2 | 2 | 1,008 | $531 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1964 (60 years old) with no evidence of recent major renovations. The listing specifically targets cash buyers and references ARV, signaling a rehab project. Interior photos show a dated bathroom and an old wall heater unit, indicating that systems and finishes are well beyond their expected lifespan and require significant updates.
Priced at $428,000 with a stated After Repair Value (ARV) of $610,000, the property offers a substantial equity margin for investors or flippers.
The recent price reduction from $465,000 to $428,000 positions this property as a highly attractive 'wholesale' opportunity in the Los Angeles market.
Located in the Downtown L.A. area (C42), the property provides convenient access to metropolitan employment hubs, transit, and city amenities.
The 'Cash Buyers Only' requirement significantly limits the potential buyer pool by excluding those who rely on traditional mortgage financing.
With only 768 square feet of living space and a small 2,205 square foot lot, the property offers limited utility for families and minimal room for expansion.
Retail Property At A Wholesale Price! Cash Buyers Only. ARV $610,000. Asking Price $465,000.
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 | 768 | 1,670.836 |
| Lot Size | 2,205 | 6,152.156 |
| Price | $428.0K | $1.34M |
| Price per sq ft | $557 | $807 |
| Built year | 1964 | 1941 |
| HOA | $0 | $238 |
| Days on market | 25 | 56 |
Oct 29, 2026
$428,000
Initial Listing
Oct 15, 2026
$465,000
Initial Listing