
Los Angeles, California 90018
This property presents a High-Potential Investment Opportunity with a List Price of $649,000—positioned well below the $599,237 Fair Market Value by -8%. Featuring a Fair Condition Rating, this 1924 Single Family Residence requires significant rehabilitation, including potential work on the separate 2-story rear structure. Its proximity to USC and local amenities provides strong rental demand for the area. This asset is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking to maximize value through comprehensive renovation and structural improvements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2418 Exposition Place Subject | $649,000* List Price | 2 | 1 | 842 | $712 | - |
A 3612 S Gramercy Place Pending | $550,000 List Price | 2 | 1 | 984 | $559 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1924, this 100-year-old property is explicitly described as a 'diamond in the rough' that 'requires repairs and improvements.' The 'as-is' trust sale status and age indicate significant deferred maintenance and likely outdated kitchen, bath, and electrical/HVAC systems requiring a full rehab.
An amazing opportunity and a diamond in the rough with incredible potential! Featuring 2 bedrooms and 1 bathroom in the home, with a separate 2 story structure in the rear that may be partially permitted. Centrally located and minutes away from USC and surrounding, parks, schools and entertainment, this home requires repairs and improvements to make it your very own. Property is Sold As-Is in its present condition. This is a Trust sale not subject to court confirmation.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 842 | 1,664.159 |
| Lot Size | 4,480 | 6,066.556 |
| Price | $649.0K | $1.35M |
| Price per sq ft | $771 | $806 |
| Built year | 1924 | 1939 |
| HOA | $0 | $278 |
| Days on market | 8 | 55 |
Sep 1, 2026
$649,000
Initial Listing