
Los Angeles, California 90032
This property presents a High-Potential Investment Opportunity with a List Price of $450,000, positioned well below the $450,000 Fair Market Value (priced at market stability). While the home carries a Condition Rating of 5 and requires significant structural foundation repairs, the expansive 6,713-square-foot hillside lot offers substantial upside for expansion or ADU development. Located in the evolving Lincoln Heights neighborhood, this asset is a fixer-upper requiring a strategic renovation plan. This is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2602 Onyx Drive Subject 2 bd · 1 ba · 682 sqft · $660 | $450,000* List Price | 2 | 1 | 682 | $660 | - |
A 4524 Huntington Drive N Sold 2 bd · 1 ba · 660 sqft · $705 · 0.7 mi | $465,000 | 2 | 1 | 660 | $705 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1925 with no evidence of renovation in over 50 years. The listing explicitly identifies the property as a 'fixer' requiring foundation repair (structural defect). Interior images show an extremely dated kitchen with obsolete appliances and potential electrical issues, requiring a complete rehab to be functional.
Situated in the rapidly evolving Lincoln Heights neighborhood, the property offers exceptional proximity to Downtown Los Angeles, Dodger Stadium, and major regional parks, ensuring high demand and long-term appreciation.
The generous 6,713-square-foot lot provides a rare amount of space for the area, offering significant potential for expansion, ADU development, or creative landscaping to maximize the elevated neighborhood views.
With a recent price reduction and a status as a true fixer-upper, this property presents a compelling entry point for investors to build substantial equity through renovation or a complete reimagining of the 1925 structure.
The property explicitly requires foundation repair, which involves significant technical complexity and high upfront capital costs that may deter traditional buyers or those seeking a simple cosmetic flip.
Having spent over 260 days on the market with multiple price reductions, the property carries a market stigma that may complicate financing and reflects the challenges of its current 'as-is' condition and small 682-square-foot living area.
A hillside opportunity with a story yet to be written. Tucked into the rolling hills of Lincoln Heights, 2602 Onyx Drive is an opportunity for those who can see beyond the present and envision what could be. Set on an expansive 6,713-square-foot hillside lot, this 1925 residence offers vintage character, a natural setting, and an exciting opportunity to create something truly your own. The existing two-bedroom, one-bath home is ready for its next chapter. Whether you envision restoring its original charm, reimagining the space with a fresh contemporary aesthetic, or exploring the possibilities of the generous hillside lot, this property offers a canvas for creativity and vision. Imagine the potential of an outdoor deck where you can take in the elevated neighborhood views, enjoy the surrounding greenery, and create your own private hillside retreat. Any additions or improvements are subject to buyer investigation and applicable approvals. Enjoy a location that places you close to the best of Northeast Los Angeles, with easy access to Downtown LA, Dodger Stadium, Chinatown, Ernest E. Debs Regional Park, local dining, and cultural destinations. It's a setting that offers a neighborhood feel with the convenience of city living. For the buyer, investor, or visionary ready to take on a project, 2602 Onyx Drive presents an opportunity to unlock the potential of a property in an evolving Los Angeles neighborhood. Property is being sold strictly AS-IS. This is a fixer requiring repairs and improvements, including foundation repair. Buyers are encouraged to conduct their own investigations and bring their contractor to explore the property's potential and possibilities.
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 | 1,670.836 |
| Lot Size | 6,713 | 6,152.156 |
| Price | $450.0K | $1.34M |
| Price per sq ft | $660 | $807 |
| Built year | 1925 | 1941 |
| HOA | $0 | $238 |
| Days on market | 271 | 56 |
Aug 8, 2026
$450,000
$498,000
-10% Price Drop
Initial Listing
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