2255 Hancock Street, Los Angeles, California 90031, Los Angeles, 90031 - 5 bed, 3 bath
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2255 Hancock Street
Los Angeles, California 90031
ACTIVE
CONDITION: POOR
5Beds
3Baths
2,235Sq Ft
6,602Lot Size
Property Price
LIST PRICE$849,000
EST. MARKET VALUE
$848,978
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $849,000—positioned well below the $848,978 Fair Market Value (effectively at market). While the property requires a full-scale renovation given its Condition Rating of 5, the 6,602 sqft corner lot with LARD3 Zoning offers significant multi-unit redevelopment potential. Located within the Lincoln Heights HPOZ, this asset is ideal for Fix-and-Flip Investors or Developers capable of navigating historic preservation requirements to maximize long-term value in a central Los Angeles location.
Estimated Market Value
$848,978
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2255 Hancock Street Subject 5 bd · 3 ba · 2,235 sqft · $380 | $849,000* List Price | 5 | 3 | 2,235 | $380 | - |
A 2700 Lincoln Park Avenue Sold 3 bd · 1 ba · 1,470 sqft · $480 · 0.6 mi | $705,000 | 3 | 1 | 1,470 | $480 | 0.6 mi |
B 3680 Rolle Sold 3 bd · 2 ba · 1,632 sqft · $429 · 0.9 mi | $700,000 | 3 | 2 | 1,632 | $429 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1908, this property is a classic fixer-upper requiring a complete transformation. The kitchen is severely outdated with worn tile and cabinetry, the interior features heavily stained carpeting and dated systems, and the exterior shows significant deferred maintenance. The listing explicitly targets investors for a full rehab project.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The property sits on a generous 6,602 sqft corner lot with LARD3 zoning, providing significant opportunities for investors or developers to maximize value through multi-unit redevelopment.
- Substantial Square Footage
Boasting 5 bedrooms and over 2,200 square feet of living space, the home offers a large footprint and rare scale for the neighborhood, ideal for creating a high-value dream home.
- Strategic Corner Location
The prime corner lot position in Lincoln Heights offers enhanced curb appeal and accessibility, while its proximity to Downtown Los Angeles and major freeways ensures long-term desirability.
CONSRISKS & DEFICIENCIES
- Extensive Fixer Condition
The property requires a complete transformation and significant capital investment, as it is currently in a condition that necessitates a full-scale renovation.
- HPOZ Regulatory Restrictions
Being located within a Historic Preservation Overlay Zone (HPOZ) subjects the property to strict architectural guidelines and approval processes, which can increase the cost and complexity of exterior renovations.
About 2255 Hancock Street
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).
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1908
- Lot Size
- 6,602 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Gates Street Elementary School
Grades K-5 • 0.2 mi
4/10
Griffin Avenue Elementary School
Grades K-5 • 0.3 mi
4/10
Albion Street Elementary School
Grades K-6 • 0.7 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,235 | 1,670.836 |
| Lot Size | 6,602 | 6,152.156 |
| Price | $849.0K | $1.34M |
| Price per sq ft | $380 | $807 |
| Built year | 1908 | 1941 |
| HOA | $0 | $238 |
| Days on market | 104 | 56 |
Pricing History
Listed for Sale
Oct 16, 2026
$849,000
$899,000
-6% Price Drop
Initial Listing
Price Change
Sep 11, 2026
$899,000
$950,000
-5% Price Drop
Initial Listing
Price Change
Jul 28, 2026
$950,000
Initial Listing