2021 E 112th, Los Angeles, California 90059, Los Angeles, 90059 - 2 bed, 2 bath
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2021 E 112th
Los Angeles, California 90059
ACTIVE
CONDITION: POOR
2Beds
2Baths
1,198Sq Ft
6,390Lot Size
Property Price
LIST PRICE$390,000
EST. MARKET VALUE
$418,762
6% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $390,000—positioned well below the $418,762 Fair Market Value by 6%. This valuation gap offers $28,762 in Instant Equity. With a Condition Rating of 5, the home requires significant renovation to address permit discrepancies and system updates. The 6,390 sqft lot and existing tenant occupancy provide immediate rental income and long-term development potential. This is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking a value-add project in a transit-connected location.
Estimated Market Value
$418,762+$28,762 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2021 E 112th Subject | $390,000* List Price | 2 | 2 | 1,198 | $350 | - |
A 11422 Willowbrook Pending | $386,000 List Price | 3 | 1 | 1,465 | $263 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1927 (97 years old) with no evidence of recent renovations, this property is marketed as an 'investor opportunity.' The physical configuration differs from public records, suggesting unpermitted additions, and the overall age and exterior condition indicate a need for a complete rehab of systems, kitchen, and bathrooms.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Compton Early College High (9/10).
- Strategic Transit Access
The property is ideally situated near the Willowbrook/Rosa Parks Metro Station and major corridors like the 105 freeway, offering excellent connectivity for commuters.
- Value-Add Potential
With a physical configuration of 4 bedrooms and a generous 6,390 sqft lot, there is significant opportunity to optimize rental yield or explore future development beyond the official records.
CONSRISKS & DEFICIENCIES
- Permit and Record Discrepancies
There is a significant mismatch between the assessor records (2BR/2BA) and the physical layout (4BR/1.5BA), requiring extensive due diligence regarding permits and legal compliance.
- Occupancy Constraints
The presence of existing tenants may limit financing options for owner-occupants and could complicate immediate plans for renovations or property upgrades.
About 2021 E 112th
INVESTOR OPPORTUNITY IN WATTS! Great opportunity to acquire this property in the City of Los Angeles. Public/assessor records reflect 2 bedrooms and 2 bathrooms; however, the property is currently physically configured as a 4 bedroom and 1.5 bathrooms. Buyer to independently verify all square footage, bedroom, bathroom count, permits, additions and property information to their satisfaction. This property offers convenient access to major transportation corridors, including the 105 freeway, Imperial Highway, and Central Ave, a well as nearby public transportation options. The area provides access to Watts Serenity Park, the 109th St Recreation Center and Magic Johnson Park. Also conveniently located near the Willowbrook/Rosa Parks Metro Station.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1927
- Lot Size
- 6,390 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Grape Street Elementary School
Grades K-5 • 0.1 mi
3/10
Ritter Elementary School
Grades K-5 • 0.4 mi
5/10
Lovelia P. Flournoy Elementary School
Grades K-5 • 0.6 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,198 | 1,664.159 |
| Lot Size | 6,390 | 6,066.556 |
| Price | $390.0K | $1.35M |
| Price per sq ft | $326 | $806 |
| Built year | 1927 | 1939 |
| HOA | $0 | $278 |
| Days on market | 16 | 55 |
Pricing History
Listed for Sale
Aug 24, 2026
$390,000
Initial Listing