
Los Angeles, California 90032
This Residential Development Asset is listed at $510,000, representing a stable entry point at its $510,000 Fair Market Value. Currently holding a Condition Rating of 5, the property requires a total rehabilitation but offers massive upside via its 6,713 sqft hillside lot and Hill and Neighborhood Views. Located in the evolving Lincoln Heights market near Debs Park, the site provides ample space for a significant expansion or ADU addition to force appreciation. This high-upside project is a strategic acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2602 Onyx Drive Subject | $498,000* List Price | 2 | 1 | 682 | $730 | - |
A 3117 Amethyst Street Sold | $400,000 | 2 | 1 | 548 | $730 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1925, this property is in original or severely neglected condition and requires a total rehabilitation. The kitchen and interior spaces feature outdated fixtures, peeling paint, and worn flooring, while the exterior stucco shows visible cracking. The listing explicitly markets the home as a renovation project or development opportunity, indicating that major systems and structural elements likely require significant investment to meet modern habitability standards.
The generous 6,713 sq ft lot provides ample space for a substantial home expansion or the addition of an ADU, offering rare flexibility for a property in this hillside community.
Situated in the evolving Lincoln Heights neighborhood, the property offers easy access to Highland Park, Debs Park, and major freeways, placing it in a high-demand area for growth.
Marketed as a 'hidden gem' ready for renovation, this property presents a strategic opportunity for investors or developers to capture significant equity through a value-add project.
The property is positioned as a full renovation project, implying that it likely requires significant capital expenditure to address its 1925-era condition and structural needs.
At only 682 square feet, the current living space is exceptionally small for a two-bedroom residence, which may limit its appeal to traditional buyers without a costly expansion.
Perched in the rolling hills of Lincoln Heights, 2602 Onyx Drive presents a rare opportunity to create something truly special in one of Northeast Los Angeles' most dynamic and evolving neighborhoods. Set on an expansive 6,713-square-foot lot, this charming 1925 residence offers a unique blend of character, potential, and a natural hillside setting. The existing two-bedroom, one-bath home provides an ideal canvas for renovation, restoration, or expansion, allowing buyers to bring their vision to life. Surrounded by mature greenery, natural landscape, and elevated neighborhood views, the property offers a sense of retreat while remaining moments from the energy of Downtown Los Angeles. Whether envisioning a stylish modern retreat, an income-producing investment, or a thoughtfully reimagined historic residence, the generous lot size and flexible possibilities create compelling potential for its next chapter. Ideally located near Dodger Stadium, Ernest E. Debs Regional Park, Chinatown, and Downtown Los Angeles, residents enjoy convenient access to parks, dining, culture, and major transportation corridors. As Lincoln Heights continues to attract investment, creativity, and revitalization, demand for the area continues to grow, making this a unique opportunity to secure a hillside property with long-term potential in one of Northeast Los Angeles' most promising communities. Offered and sold as-is.
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 | 682 | 1,672 |
| Lot Size | 6,713 | 6,067 |
| Price | $498.0K | $1.37M |
| Price per sq ft | $730 | $801 |
| Built year | 1925 | 1939 |
| HOA | $0 | $348 |
| Days on market | 162 | 56 |
Jul 4, 2026
$498,000
$510,000
-2% Price Drop
Initial Listing
Apr 18, 2026
$510,000
$535,000
-5% Price Drop
Initial Listing
Feb 11, 2026
$535,000
Initial Listing