
Los Angeles, California 90031
This property presents a High-Potential Investment Opportunity with a List Price of $950,000—positioned well below the $983,958 Fair Market Value by 3%. This valuation gap offers $33,958 in Instant Equity for buyers. Featuring LARD3 Zoning on a 6,602 sqft corner lot, the home requires a full renovation given its Condition Rating of 5. This is a strategic Value-Add Asset ideal for Fix-and-Flip Investors or Developers looking to capitalize on the significant redevelopment potential in Lincoln Heights.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2255 Hancock Street Subject | $950,000* List Price | 5 | 3 | 2,235 | $435 | - |
A 2607 Darwin Active | $1,110,000 List Price | 7 | 3 | 2,120 | $524 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1908 and explicitly marketed as a 'fixer' for 'complete transformation,' this property shows significant deferred maintenance. Images reveal a severely outdated kitchen, peeling exterior paint, and damaged interior walls/flooring. The listing's emphasis on development potential and investor opportunity confirms that the home's systems and finishes are well beyond their useful life and require a full rehab.
The property is zoned LARD3 on a 6,602 sqft corner lot, providing significant opportunities for multi-unit redevelopment or high-density residential projects in a sought-after area.
Situated in Lincoln Heights with immediate proximity to Downtown Los Angeles, major freeways, and public transit, the property offers excellent connectivity and long-term appreciation potential.
With 5 bedrooms and over 2,200 square feet of living space, the home provides a rare and generous footprint that allows for a versatile floor plan and high-value end-user appeal.
As a 'fixer' requiring a complete transformation, the property demands a substantial capital injection for repairs and modernization, which may deter non-investor buyers.
Built in 1908, the home likely contains century-old systems and structural elements that may require costly upgrades to comply with current Los Angeles building codes.
Unlock the potential of this exceptional Lincoln Heights fixer situated on a desirable corner lot! This spacious 5-bedroom, 2 1/4-bath home is ready for a complete transformation and offers an outstanding opportunity for investors, developers, or buyers looking to create their dream home. The property features a detached garage, generous living space, and an attractive corner location that provides added accessibility and curb appeal. Zoned LARD3, this property offers exciting development potential for those looking to maximize its value (buyers are advised to verify all development possibilities with the City of Los Angeles). Conveniently located near Downtown Los Angeles, major freeways, parks, shopping, dining, and public transportation, this property combines location, size, and future potential. Whether you're planning a renovation, redevelopment, or long-term investment, this is a rare chance to capitalize on a property with endless possibilities. Bring your vision and imagination—opportunities like this don't come along often! Home is part of the Lincoln Heights Historic Preservation Overlay Zone (HPOZ).
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 | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,235 | 1,664.159 |
| Lot Size | 6,602 | 6,066.556 |
| Price | $950.0K | $1.35M |
| Price per sq ft | $425 | $806 |
| Built year | 1908 | 1939 |
| HOA | $0 | $278 |
| Days on market | 43 | 55 |
Jul 28, 2026
$950,000
Initial Listing