227 W 52nd Street, Los Angeles, California 90037, Los Angeles, 90037 - 4 bed, 2 bath
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Los Angeles, California 90037
This property presents a Strong Value Opportunity with a List Price of $500,000—positioned well below the $532,434 Fair Market Value by 6%. This valuation gap offers $32,434 in Instant Equity for buyers. Featuring a Fair Condition Rating and Zoning R2, this 1911 Craftsman requires a full renovation but offers significant upside for forced appreciation. This is a high-reward acquisition ideal for Fix-and-Flip Investors or Contractors seeking to capitalize on the development potential of this Los Angeles asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 227 W 52nd Street Subject | $500,000* List Price | 4 | 2 | 1,500 | $355 | - |
A 721 W 50th Sold | $445,000 | 2 | 1 | 1,385 | $321 | 0.5 mi |
B 227 W 52nd Street Active Under Contract | $500,000 List Price | 4 | 2 | 1,500 | $333 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1911 and explicitly marketed as a 'fixer-upper' and 'flip' opportunity, this property requires a full rehab. Interior photos show significant wear on original wood floors, outdated wood paneling, drop ceilings, and exposed wiring. As a probate sale sold 'as-is' with no repairs, the systems and finishes are well beyond their functional lifespan.
The property is situated on an R2-zoned lot, providing a significant opportunity for investors to add a second unit or ADU to maximize the land's value.
This 1911 Craftsman retains classic period details, including original built-ins and wood floors, offering high aesthetic appeal for a historic restoration.
With 1,500 square feet of living space and an expanded kitchen, the home offers a spacious layout that is highly competitive for the Downtown L.A. area.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1500, other record living area = 1288. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
There is a significant discrepancy between the 4-bedroom/2-bathroom physical count and the 2-bedroom/1-bathroom official records, which may complicate financing and permitting.
As a probate sale requiring court confirmation and sold strictly in 'as-is' condition with no repairs, the transaction involves higher risk and a potentially longer closing timeline.
Charming Craftsman Fixer with endless potential on an R2 lot. 4-bedroom, 2-bathroom home boasts timeless craftsmanship and incredible potential. Featuring classic built-ins, beautiful wood floors, an expanded kitchen, and spacious rooms throughout, this property is ready to be transformed into your dream home. The large living room and dining room offer plenty of space for entertaining, while the generously sized bedrooms provide comfort and flexibility. With a detached garage and a sizable yard, the possibilities are endless. A fantastic opportunity for a fixer-upper or flip don't miss your chance to bring this beauty back to life! *Property sold as is, NO repairs, and NO blind offers will be accepted. Broker and agents do not represent or guarantee the accuracy of the square footage, income, expenses,condition, development potential, bedroom/ bathroom count, lot size or lot lines, dimensions, permitted or non-permitted spaces, or school eligibility. Zimas and property profile shows home as 2 bed 1 bath, however there are 4 bed 2 baths. Buyer is advised to independently verify the accuracy of all information with appropriate professionals. There are no warranties or guarantees, buyer to rely solely on his/her/their own findings. *Probate sale, court confirmation required. ** Property has cameras that are being monitored please do not walk on premises without an appointment**First showing is open house 7/19 12-3PM
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,500 | 1,672 |
| Lot Size | 5,372 | 6,067 |
| Price | $500.0K | $1.37M |
| Price per sq ft | $333 | $801 |
| Built year | 1911 | 1939 |
| HOA | $0 | $348 |
| Days on market | 7 | 56 |
Jul 15, 2026
$500,000
Initial Listing