
Los Angeles, California 90006
This property presents a High-Potential Investment Opportunity with a List Price of $798,000—positioned well below the $786,956 Fair Market Value by -1.4%. While the property is currently priced slightly above market, its LAR3 Zoning and 6,723 sq ft street-to-alley lot offer significant upside for development. With a Condition Rating of 5, this asset requires a comprehensive renovation, making it a prime candidate for Buy-and-Hold Investors or Contractors focused on maximizing density through ADUs or new construction in a high-demand Los Angeles corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2261 W 15th Street Subject | $798,000* List Price | 2 | 1 | 1,158 | $680 | - |
A 1025 S Kenmore Avenue Active | $890,000 List Price | 3 | 2 | 1,374 | $648 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1905 Craftsman is over 100 years old with no mention of recent system upgrades or renovations. The description of wood cabinetry, tile countertops, and a pedestal sink suggests highly dated interiors. Furthermore, the listing's heavy emphasis on LAR3 zoning, street-to-alley access, and 'potential new construction opportunities' indicates the property is being marketed for its land value and likely requires a total rehab to meet modern standards.
The property is situated on a street-to-alley lot with LAR3 zoning, providing significant opportunities for additions, ADUs, or potential multi-unit redevelopment.
This 1905 home retains its classic charm with high ceilings, oversized windows, arched openings, and a traditional front porch, offering a unique aesthetic often sought in Los Angeles.
The 6,723 sq ft lot features mature landscaping and fruit trees, with a deep rear yard and alley access that offers exceptional flexibility for parking and private outdoor living.
The 2-bedroom, 1-bathroom layout may be restrictive for growing families and could limit the buyer pool compared to homes with a second bathroom.
The majority of the assigned public schools in the immediate area have lower performance ratings, which may be a drawback for families prioritizing education.
Classic Los Angeles Craftsman brimming with character and opportunity! This charming 2-bedroom, 1-bath home offers approximately 1,158 sq ft on a spacious 6,721 sq ft. 45 x 150 ft deep street-to-alley lot with LAR3 zoning per Realist Tax Report. Buyers to verify with the City of Los Angeles all development and building possibilities, including additions, ADUs, and potential new construction opportunities. Enjoy fenced front and rear yards enhanced by mature landscaping and fruit trees including lemon, lime, and avocado. The deep rear yard with alley access provides exceptional flexibility for parking, expansion, or future development potential. Relax on the inviting front porch overlooking the lush grounds. Inside, the home showcases classic Craftsman charm with high ceilings, oversized windows, and abundant natural light in the living room. An arched opening leads to the formal dining room, creating a warm and timeless feel. The kitchen features wood cabinetry, tile countertops, and an adjacent utility room. The bathroom includes a pedestal sink, tiled tub surround, and unusually high ceilings for an airy ambiance. The spacious front bedroom offers a large closet and plenty of natural light. Don’t miss this rare opportunity to own a classic LA home with character, usable land, alley access, and exciting future possibilities.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.5 | 30% |
| Baths | 1.0 | 2.0 | 30% |
| Square foot | 1,158 | 1,982 | 30% |
| Lot Size | 6,723 | 5,897.5 | 80% |
| Price | $798.0K | $855.0K | 30% |
| Price per sq ft | $689 | $478 | 80% |
| Built year | 1905 | 1905 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 117 | 10% |
May 11, 2026
$798,000
Initial Listing