204 E Imperial, Los Angeles, California 90061, Los Angeles, 90061 - 3 bed, 2 bath
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Los Angeles, California 90061
This property presents a High-Potential Investment Opportunity with a List Price of $374,900—positioned well below the $441,263 Fair Market Value by 15%. This valuation gap offers $66,363 in Instant Equity for buyers capable of managing a comprehensive renovation. With a Condition Rating of 5, the home requires significant structural and cosmetic work. Its 3-bedroom, 2-bathroom layout provides a functional foundation for value-add strategies. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking to capitalize on strong Los Angeles rental demand.
Property is extensive renovation needed.
Built in 1946 and described as a 'major fixer' requiring a complete makeover. The property shows significant neglect, overgrown vegetation, and aged exterior systems, indicating a need for a full structural and cosmetic rehab.
Priced at an affordable entry point for the Los Angeles market, this property offers a significant value-add opportunity for investors or contractors to realize substantial equity through renovation.
The property boasts excellent proximity to major freeways, public transit, and Downtown Los Angeles, ensuring strong future demand from both tenants and buyers.
Despite the compact square footage, the 3-bedroom, 2-bathroom configuration is highly desirable and provides a functional layout that appeals to a wide range of occupants.
As a 'major fixer' requiring a complete makeover, the property demands a substantial capital investment and extensive construction work to reach a habitable or marketable state.
The modest 3,146 square foot lot provides very little yard space and may restrict options for property expansion or the addition of a large accessory dwelling unit (ADU).
Investor Opportunity! Major fixer with outstanding potential for investors, contractors, or buyers looking to create value. This property is ready for a complete makeover and offers the chance to renovate to your own style, design, and investment goals. This property offers a great foundation for improvement and future upside. Whether you are looking to flip, renovate and hold, or create long-term rental income, the possibilities are endless. Conveniently located near schools, public transportation, shopping, and major freeways, this property also provides quick access to Downtown Los Angeles and surrounding areas, making it attractive for future occupants and investors alike. With strong demand for housing in the area and priced to sell, this is a great opportunity to purchase a property with tremendous potential at an affordable entry point. Bring your tools, vision, and creativity to transform this fixer into something special. Don’t miss this chance to invest in a growing Los Angeles location with excellent accessibility and future value potential!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 1.0 | 59% |
| Square foot | 979 | 1,120 | 31% |
| Lot Size | 3,146 | 5,666 | 21% |
| Price | $374.9K | $613.5K | 10% |
| Price per sq ft | $383 | $556 | 14% |
| Built year | 1946 | 1948 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 191 | 3% |
May 26, 2026
$374,900
Initial Listing