225 E 67th, Los Angeles, California 90003, Los Angeles, 90003 - 3 bed, 1 bath
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Los Angeles, California 90003
This Value-Add Development Asset is listed at $550,000, representing a market-aligned entry point relative to its $526,799 Fair Market Value. Currently holding a Condition Rating of 5, this 1920s home requires a comprehensive rehabilitation of all major systems to resolve deferred maintenance. However, the primary value is anchored by the R2 Zoning and a 5,404 sq ft lot, providing significant upside through an ADU addition or multi-unit expansion. Located minutes from Downtown Los Angeles in the Los Angeles Unified district, this is a strategic acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 225 E 67th Subject | $550,000* List Price | 3 | 1 | 1,032 | $510 | - |
A 504 E 67th Street Sold | $630,000 | 3 | 1 | 1,036 | $608 | 0.3 mi |
B 214 E 76th Place Sold | $455,000 | 4 | 1 | 855 | $532 | 0.6 mi |
C 329 E 68th Street Sold | $630,000 | 4 | 2 | 1,250 | $504 | 0.1 mi |
D 350 W 59th Active | $550,000 List Price | 3 | 1 | 1,084 | $507 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1920s property is a classic fixer-upper requiring substantial rehabilitation and modernization. Interior images reveal significant deferred maintenance, including missing or damaged flooring, unfinished ceiling drywall patches, outdated kitchen cabinetry, and heavily worn wall surfaces. The property's condition necessitates major system overhauls and structural cosmetic repairs before it would be considered move-in ready.
The R2 zoning on a generous 5,404 sq ft lot provides significant opportunities for investors or homeowners to add additional units or expand the existing structure.
Ideally situated near major transportation corridors and just minutes from Downtown Los Angeles, the property offers excellent accessibility to employment hubs and urban amenities.
The 1,032 sq ft interior features a well-distributed 3-bedroom floor plan that maximizes living space and provides a solid foundation for a custom renovation.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The property is in need of significant repairs and modernization, requiring a buyer with substantial additional capital and a vision for a full renovation.
With only one bathroom serving three bedrooms, the current configuration may be a drawback for modern families and could limit rental or resale value without expansion.
Opportunity awaits in South Los Angeles! This property is ideally located near major transportation corridors, shopping, schools, and just minutes from Downtown Los Angeles. Situated on a 5,404 sq ft lot with R2 zoning, this property offers excellent potential for homeowners and investors alike. Originally built as a 2-bedroom, 1-bathroom home, the property currently features a 3-bedroom, 1-bath layout with approximately 1,032 sq ft of living space and a functional floor plan that provides great flow throughout the home. This fixer-upper is perfect for a buyer looking to customize and renovate to their taste or for an investor seeking future development potential under the R2 zoning. The generous lot size offers possibilities for expansion or additional units (buyer to verify with the city). With the right vision, this property can be transformed into a wonderful residence or investment opportunity. All offers will be review on April 20th.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 1,032 | 1,096 | 45% |
| Lot Size | 5,404 | 5,207.5 | 71% |
| Price | $550.0K | $607.5K | 36% |
| Price per sq ft | $533 | $530 | 55% |
| Built year | 1920 | 1923 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 201 | 5% |
Apr 13, 2026
$550,000
Initial Listing