2208 Virginia Road, Los Angeles, California 90016, Los Angeles, 90016 - 4 bed, 1 bath
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Los Angeles, California 90016
This Wellington Square Fixer-Upper represents a Prime Investment Opportunity with a List Price of $1,095,000—positioned well below the $1,135,694 Fair Market Value by 3%. This valuation gap offers $40,694 in Instant Equity for buyers. Currently holding a Condition Rating of 5, the property requires a full rehabilitation to resolve functional obsolescence within its 4-bedroom layout. However, the massive 7,910 sqft lot and City Lights view provide immense development upside in a prestigious Mid-LA neighborhood. This is a high-yield acquisition for Fix-and-Flip Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2208 Virginia Road Subject | $1,050,000* List Price | 4 | 1 | 1,923 | $569 | - |
A 2934 Hillcrest Drive Sold | $760,000 | 3 | 2 | 1,764 | $431 | 0.6 mi |
B 2916 Hillcrest Drive Sold | $949,000 | 4 | 2 | 1,564 | $607 | 0.6 mi |
C 2136 S Victoria Avenue Active | $1,300,000 List Price | 5 | 3 | 2,636 | $493 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1924 and sold in 'as-is' condition, this property is a prime candidate for a full rehabilitation or development. The home suffers from significant functional obsolescence with a 4-bedroom, 1-bathroom layout. The listing description explicitly targets flippers and investors, indicating that the kitchen, bathroom, and major systems require substantial repairs and modernization to meet current living standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7910, living area = 1923.
Situated in the historic and highly sought-after Wellington Square neighborhood, this property offers significant long-term appreciation potential in a prestigious Mid-Los Angeles pocket.
The generous 7,910 square foot lot provides ample space for expansion, landscaping, or the addition of an Accessory Dwelling Unit (ADU), making it an ideal canvas for developers.
The current configuration of four bedrooms and only one bathroom is highly impractical for modern living standards and will require significant plumbing and layout reconfiguration.
Sold in as-is condition, the property likely requires extensive structural or cosmetic rehabilitation, necessitating a substantial additional capital investment beyond the purchase price.
Attention Developers, Investors, Flippers & Saavy End Users! Incredible opportunity to remodel and/or develop in prime Wellington Square. Property is being sold AS-IS.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 78% |
| Baths | 1.0 | 2.0 | 26% |
| Square foot | 1,923 | 1,427 | 78% |
| Lot Size | 7,910 | 5,362.5 | 93% |
| Price | $1.05M | $1.04M | 50% |
| Price per sq ft | $546 | $745 | 15% |
| Built year | 1924 | 1927 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 58 | 188 | 9% |
Mar 20, 2026
$1,050,000
$1,095,000
-4% Price Drop
Initial Listing
Feb 23, 2026
$1,095,000
Initial Listing