2136 S Victoria Avenue, Los Angeles, California 90016, Los Angeles, 90016 - 5 bed, 3 bath
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Los Angeles, California 90016
This Value-Add Investment Asset is listed at $1,375,000, representing a strategic opportunity in the historic Wellington Square neighborhood. While the asking price is set above the $1,192,583 Fair Market Value, the property’s Condition Rating of 5 and expansive 8,562 sqft lot offer significant upside for forced appreciation. Featuring a 1922 Craftsman structure with 5 bedrooms and a detached garage ideal for ADU development, the property provides a rare footprint within the Los Angeles Unified School District. This is a high-potential acquisition for Fix-and-Flip Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2136 S Victoria Avenue Subject | $1,300,000* List Price | 5 | 3 | 2,636 | $412 | - |
A 1931 1931 Buckingham Sold | $925,000 | 5 | 1 | 2,608 | $355 | 0.3 mi |
B 4933 W 20th Street Sold | $1,060,000 | 6 | 4 | 2,865 | $370 | 0.8 mi |
C 2208 Virginia Road Active | $1,050,000 List Price | 4 | 1 | 1,923 | $546 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1922, this property is explicitly marketed as an 'as-is' investment and renovation project. The kitchen is severely outdated with worn cabinetry and old tile, while the interior features popcorn ceilings, window AC units, and aging wood paneling. The listing notes aging infrastructure and the need for costly updates to major systems, placing it in the category of requiring substantial rehabilitation.
The expansive 8,562 sqft lot and detached garage provide an exceptional opportunity for ADU development or significant property expansion in a high-demand area.
Built in 1922, this Craftsman home retains original character and charm, offering a unique aesthetic that is highly valued in the Wellington Square neighborhood.
Situated in the heart of West Adams, the property offers excellent proximity to the 10 Freeway, public transit, and the area's growing selection of trendy dining and shopping.
The property is being sold in as-is condition, which necessitates a buyer with significant liquid capital for immediate and likely extensive renovations.
Given the 1922 construction date, the home likely requires costly updates to major systems such as plumbing, electrical, and HVAC to meet modern standards.
A recent price reduction from the original listing suggests the market may be sensitive to the high cost of repairs relative to the initial asking price.
Rare investment opportunity in the heart of Wellington Square. This classic 5-bedroom, 3-bath Craftsman offers 2,636 sqft of living space on an expansive 8,562 sqft lot with detached garage. The property is being sold as-is, presenting an ideal opportunity for investors or buyers seeking a value-add project, renovation, rental hold, or potential ADU development. Rich in original character and set on one of the larger lots in the neighborhood, this home offers exceptional upside in a highly desirable West Adams location. Centrally located near the 10 Freeway, shopping, dining, and public transit.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 87% |
| Baths | 3.0 | 2.0 | 78% |
| Square foot | 2,636 | 1,427 | 96% |
| Lot Size | 8,559 | 5,362.5 | 96% |
| Price | $1.30M | $1.05M | 76% |
| Price per sq ft | $493 | $745 | 11% |
| Built year | 1922 | 1927 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 84 | 188 | 15% |
Mar 20, 2026
$1,300,000
$1,375,000
-5% Price Drop
Initial Listing
Feb 12, 2026
$1,375,000
$1,400,000
-2% Price Drop
Initial Listing
Jan 28, 2026
$1,400,000
Initial Listing