245 W 73rd, Los Angeles, California 90003, Los Angeles, 90003 - 0 bed, 0 bath
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245 W 73rd
Los Angeles, California 90003
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,746Sq Ft
6,343Lot Size
Property Price
LIST PRICE$850,000
EST. MARKET VALUE
$780,827
8% AboveMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is a Quadruplex listed at $850,000, positioned above the $780,828 Fair Market Value. While the property requires modernization due to its Fair Condition Rating, the detached layout and ADU conversion potential of the garage and storage rooms offer significant value-add upside. With separate gas and electric metering, this asset is designed for operational efficiency. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage rental income to offset mortgage costs.
Estimated Market Value
$780,827
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 |
|---|---|---|---|---|---|---|
★ 245 W 73rd Subject | $850,000* List Price | 0 | 0 | 2,746 | $284 | - |
A 431 W 81st St Sold | $920,000 | 7 | 3 | 2,539 | $362 | 0.6 mi |
B 323 W 60th Sold | $825,000 | 0 | 0 | 3,035 | $272 | 0.8 mi |
C 315 - 317 W 66th Street Sold | $975,000 | 0 | 0 | 3,538 | $276 | 0.4 mi |
D 314 - 316 W 65th Street Sold | $975,000 | 0 | 0 | 3,538 | $276 | 0.5 mi |
E 6114 Wall Active | $899,999 List Price | 4 | 4 | 2,652 | $339 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Originally built in 1907, the property shows signs of age and dated finishes. While functional with some updates like laminate flooring and vinyl windows, the kitchens and bathrooms are aged, and the presence of older wall heaters and popcorn ceilings indicates the systems and interiors are likely over 20 years old and in need of modernization.
PROSSTRENGTHS & OPPORTUNITIES
- ADU Conversion Potential
The detached two-car garage and two attached storage rooms provide a significant value-add opportunity for ADU conversion, allowing for increased density and rental income.
- Privacy-Centric Configuration
The layout of four units spread across three separate buildings offers a detached living experience that is highly attractive to tenants, often commanding higher rents and lower turnover.
- Favorable Utility Metering
With gas and electricity separately metered for all units, the owner's utility responsibility is limited to water, which helps maintain a higher net operating income.
CONSRISKS & DEFICIENCIES
- Century-Old Infrastructure
Built in 1907, the property may require substantial capital expenditures for seismic retrofitting or updates to aging plumbing and electrical systems common in older structures.
- Shared Water Expense
Water is the only shared utility, leaving the owner vulnerable to fluctuating costs and potential waste by tenants, as there is no individual accountability for usage.
About 245 W 73rd
** 4 UNITS, 1 VACANCY AND 2 CAR GARAGE WITH 2 ATTACHED STORAGE ROOM, POSSIBLE ADU** Exceptional investment opportunity featuring **4 units across 3 separate buildings**. The property consists of a detached **2-bedroom, 1-bath** single-family home, a detached two-story building with a **1-bedroom, 1-bath** unit, an additional **1-bedroom, 1-bath** unit that is **currently vacant**, and a detached upper-level **1-bedroom, 1-bath** unit with a bonus room situated above a **2-car garage with two attached storage rooms**, offering excellent **ADU conversion potential** (buyer to verify). Some units feature **laundry hookups** for added tenant convenience. All gas and electric meters are separately metered, with **water being the only shared utility**, helping minimize operating expenses. The detached layout provides added privacy for tenants while creating a desirable rental configuration with strong income and value-add potential. Conveniently located near shopping, schools, public transportation, and major freeways, this is an outstanding opportunity for investors or owner-occupants looking to maximize long-term upside.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1907
- Lot Size
- 6,343 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,746 | 2,187.451 |
| Lot Size | 6,343 | 5,841.385 |
| Price | $850.0K | $841.5K |
| Price per sq ft | $310 | $385 |
| Built year | 1907 | 1928 |
| HOA | $0 | $0 |
| Days on market | 50 | 85 |
Pricing History
Listed for Sale
Jul 21, 2026
$850,000
Initial Listing
Sold
Jun 21, 2022
$800,000
Public Record
Sold
Jun 15, 2004
$360,000
Public Record
Sold
Jan 8, 2002
$215,000
Public Record
Sold
Nov 21, 2000
$165,000
Public Record