2746 Benedict, Los Angeles, California 90039, Los Angeles, 90039 - 2 bed, 1 bath
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2746 Benedict
Los Angeles, California 90039
ACTIVE
CONDITION: TEAR DOWN
2Beds
1Baths
932Sq Ft
5,367Lot Size
Property Price
LIST PRICE$859,900
EST. MARKET VALUE
$888,490
3% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $999,000—positioned above the $941,828 Fair Market Value. While the property requires significant capital for a total renovation or teardown, its Condition Rating of 6 reflects its age and the necessity for a cash-only acquisition. Situated in the vibrant Elysian Valley (Frogtown), the 5,367 sqft lot offers substantial development potential near the LA River bike path. This is a strategic Asset ideal for Fix-and-Flip Investors or Experienced Developers.
Estimated Market Value
$888,490+$28,590 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 2746 Benedict Subject 2 bd · 1 ba · 932 sqft · $953 | $859,900* List Price | 2 | 1 | 932 | $953 | - |
A 2621 Silver Ridge Sold 2 bd · 1 ba · 1,042 sqft · $1,008 · 0.8 mi | $1,050,000 | 2 | 1 | 1,042 | $1,008 | 0.8 mi |
B 2728 Queen Active 2 bd · 2 ba · 920 sqft · $935 · 0.1 mi | $859,900 List Price | 2 | 2 | 920 | $935 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1922 and held by the same owner for 80 years, this property is over 100 years old with no evidence of modern renovations. The listing explicitly states it will not qualify for financing (cash only) and suggests 're-envisioning the lot,' which indicates the structure is likely unlivable and the value lies in the land.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Frogtown Location
Situated in the highly sought-after Elysian Valley, the property offers exceptional proximity to the LA River bike path, trendy cafes, and Dodger Stadium, catering to a vibrant urban lifestyle.
- Significant Development Potential
With a 5,367-square-foot lot and a 're-envision' appeal, this property serves as an ideal canvas for investors or builders looking to develop a custom residence in a gentrifying neighborhood.
- Rare Market Opportunity
Available for the first time in 80 years, this listing presents a unique chance to acquire a long-held asset in a high-demand area where inventory is rarely released.
CONSRISKS & DEFICIENCIES
- Financing Restrictions
The property does not qualify for traditional financing and requires a cash-only purchase, significantly limiting the pool of potential buyers to well-capitalized investors.
- Poor Structural Condition
Built in 1922 and likely requiring a total renovation or teardown, the property necessitates substantial additional capital investment beyond the nearly million-dollar asking price.
About 2746 Benedict
First time on the market in about 80 years! Situated in the vibrant community of Elysian Valley, also known as "Frogtown." Adjacent to local parks, trendy cafes, the LA River bike path, and Dodger Stadium. This property is a perfect blend of urban living and outdoor lifestyle. Property will not qualify for financing, Cash Offers only! Great opportunity to re-invison this lot as many have done in the community. Don’t miss out on this prime Los Angeles property!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1922
- Lot Size
- 5,367 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Allesandro Elementary School
Grades K-6 • 0.4 mi
8/10
Glassell Park Elementary School
Grades K-6 • 0.5 mi
4/10
Dorris Place Elementary School
Grades K-6 • 0.7 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 932 | 1,675.469 |
| Lot Size | 5,367 | 6,126.393 |
| Price | $859.9K | $1.34M |
| Price per sq ft | $923 | $800 |
| Built year | 1922 | 1941 |
| HOA | $0 | $262 |
| Days on market | 8 | 56 |
Pricing History
Listed for Sale
Oct 22, 2026
$859,900
$999,000
-14% Price Drop
Initial Listing
Price Change
Oct 16, 2026
$999,000
Initial Listing