2236 Hancock Street, Los Angeles, California 90031, Los Angeles, 90031 - 3 bed, 2 bath
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Los Angeles, California 90031
This Lincoln Heights property represents a High-Potential Investment Opportunity, listed at $849,000—positioned above the $773,559 Fair Market Value. While the current list price exceeds the estimated value, the R3 Zoning on a 6,601 sqft lot provides significant long-term development upside. With a Condition Rating of 5, the home requires a full interior rehab, making it a strategic asset for Buy-and-Hold Investors or Contractors. Its proximity to USC and major medical centers ensures strong future rental demand despite the necessary capital improvements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2236 Hancock Street Subject | $849,000* List Price | 3 | 2 | 1,272 | $617 | - |
A 2136 Alta Street Sold | $700,000 | 3 | 2 | 1,258 | $556 | 0.3 mi |
B 2112 Lincoln Park Sold | $615,000 | 3 | 2 | 768 | $801 | 0.4 mi |
C 2222 Gates Sold | $668,000 | 4 | 1 | 1,140 | $586 | 0.1 mi |
D 116 W Avenue 31 Sold | $905,000 | 2 | 1 | 1,467 | $617 | 0.8 mi |
E 2700 Lincoln Park Avenue Pending | $765,000 List Price | 3 | 1 | 1,470 | $520 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Originally built in 1909, the property shows significant signs of age including visible cracking in the living room walls and ceiling. The bathroom features fixtures and a vanity that appear to be over 30 years old, and the overall condition suggests the home requires a full interior rehab and system updates to address structural settling and modernization.
The R3 zoning on a generous 6,601 sqft lot offers significant value-add potential, allowing for the construction of additional units in a high-demand rental market.
Ideally situated near Downtown Los Angeles, USC, and major medical centers with immediate access to the I-5 and CA-110, making it a prime spot for commuters and professionals.
The home features a desirable open floor plan with hardwood flooring and rare gated rear off-street parking, providing both interior comfort and essential urban convenience.
Originally built in 1909, the home may require significant maintenance or costly upgrades to aging infrastructure and systems typical of century-old properties.
Several nearby schools, including Hillside and Murchison Street Elementary, have low performance ratings, which may be a deterrent for families prioritizing public education.
Lincoln Heights property with R3 zoning potential for additional units. This single-family 3-bedroom, 2-bathroom home features an open floor plan, hardwood flooring, and plenty of gated rear off-street parking. Conveniently located near Downtown Los Angeles, public transportation, parks, USC, LA General Medical Center, USC Health Sciences Campus, and Cal State LA, with easy access to the I-5 and CA-110 freeways. All information provided is deemed reliable but not guaranteed; Buyer to verify all zoning, building codes, and development potential with the city to their own satisfaction.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.3 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,272 | 1,672 |
| Lot Size | 6,601 | 6,067 |
| Price | $849.0K | $1.37M |
| Price per sq ft | $667 | $801 |
| Built year | 1909 | 1939 |
| HOA | $0 | $348 |
| Days on market | 41 | 56 |
Jun 11, 2026
$849,000
Initial Listing