247 E 80th Street, Los Angeles, California 90003, Los Angeles, 90003 - 2 bed, 1 bath
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Los Angeles, California 90003
This Modernized Turnkey Residence is a Strong Value Opportunity, listed at $649,000—positioned well below the $688,876 Fair Market Value by 5%. This valuation gap provides $39,876 in Instant Equity for the incoming buyer. Boasting a Condition Rating of 2, the home features a remodeled kitchen, upgraded electrical and plumbing systems, and new flooring throughout. The LAR2-zoned lot with rear alley access offers significant upside for an ADU conversion or expansion. This property is an ideal match for Owner-Occupants or first-time buyers seeking a move-in ready asset with long-term equity potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 247 E 80th Street Subject | $649,000* List Price | 2 | 1 | 1,198 | $575 | - |
A 8916 Mettler Avenue Sold | $690,000 | 3 | 2 | 1,187 | $581 | 0.9 mi |
B 351 E 92nd Sold | $640,000 | 3 | 2 | 1,374 | $466 | 1.0 mi |
C 116 E 74th Sold | $600,000 | 2 | 1 | 874 | $686 | 0.4 mi |
D 346 E 90th Sold | $593,000 | 2 | 1 | 1,096 | $541 | 0.9 mi |
E 429 E 92nd Sold | $619,000 | 2 | 1 | 884 | $700 | 1.0 mi |
F 161 W 84th Pending | $689,999 List Price | 3 | 1 | 1,154 | $598 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1913, the home has undergone a comprehensive recent renovation (likely <5 years) including a modern remodeled kitchen with shaker cabinets, an updated bathroom, and new flooring throughout. The listing specifically notes upgraded electrical and plumbing systems, meeting the criteria for mint condition and move-in readiness.
The home features essential upgrades to electrical and plumbing systems along with a remodeled kitchen, providing a move-in ready experience and reducing immediate maintenance concerns for a vintage property.
Zoned LAR2 with rear alley access, the lot offers significant value-add opportunities, including the potential for expansion or the addition of an Accessory Dwelling Unit (ADU) to build long-term equity.
The property boasts excellent connectivity with easy access to the 110 and 105 freeways and close proximity to major Los Angeles landmarks like USC, BMO Stadium, and Exposition Park.
With only two bedrooms and one bathroom, the current configuration may be restrictive for growing families or buyers requiring a more versatile layout.
Originally built in 1913, the property may present inherent challenges typical of older homes, such as potential foundation settling or dated structural elements not addressed by recent cosmetic upgrades.
Charming and thoughtfully upgraded 2-bedroom, 1-bath home located in a convenient Los Angeles neighborhood, ideal for first-time buyers seeking a move-in ready property with long-term potential. The home offers approximately 1,198 square feet of living space on a 4,807 square foot lot, providing a comfortable layout with room to grow. Recent improvements include upgraded electrical and plumbing systems, offering added peace of mind. The remodeled kitchen features modern finishes and a functional design, while additional upgrades throughout the home enhance overall comfort and livability. The property includes rear alley access with parking from the back, adding convenience and privacy. Zoned LAR2, the lot presents future potential for expansion or the addition of an ADU (buyer to verify), making it a great opportunity for buyers looking to build equity over time. Centrally located with easy access to the 110 and 105 freeways. Close proximity to major Los Angeles landmarks including BMO Stadium, Los Angeles Memorial Coliseum, University of Southern California, Exposition Park, and California Science Center. Nearby shopping, dining, and local amenities further enhance the location. Great opportunity to own a well-updated home in a centrally located Los Angeles neighborhood.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 39% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 1,198 | 1,096 | 59% |
| Lot Size | 4,807 | 5,184.5 | 32% |
| Price | $649.0K | $614.5K | 68% |
| Price per sq ft | $542 | $530 | 57% |
| Built year | 1913 | 1922 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 195 | 5% |
Apr 23, 2026
$649,000
Initial Listing
Jun 23, 2023
$450,000
Public Record