
Los Angeles, California 90023
This property presents a High-Potential Investment Opportunity with a List Price of $538,000—positioned well below the $536,218 Fair Market Value (priced at market stability). While the home carries a Condition Rating of 5, the R2-zoned lot with rear alley access provides significant upside for ADU development. This value-add asset offers a solid foundation for forced appreciation through renovation. Given the requirement for a fast, cash-only close, this is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a project with high density potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2808 Guirado Subject | $538,000* List Price | 3 | 2 | 1,284 | $418 | - |
A 1152 Marietta Street Sold | $442,500 | 2 | 2 | 1,331 | $332 | 0.5 mi |
B 1153 Euclid Sold | $490,000 | 3 | 2 | 1,147 | $427 | 0.6 mi |
C 924 S Mott Sold | $600,000 | 3 | 2 | 1,747 | $343 | 0.3 mi |
D 1143 S Grande Vista Active Under Contract | $585,000 List Price | 3 | 2 | 1,102 | $531 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1921 with no evidence of major renovations in over 50 years. The listing explicitly targets contractors and investors for a 'value-add' project and requires cash only, which typically indicates the property cannot pass a standard appraisal due to the condition of systems or structure. The bathroom features mid-century pink tile and dated fixtures, and the detached structure appears dilapidated, necessitating a full gut rehab.
The R2-zoned lot with rear alley access provides a rare opportunity to build a second unit or a detached ADU, significantly maximizing the property's density and income potential.
The home features original Craftsman wood doors and preserved hardwood flooring beneath the carpet, offering a solid foundation for a high-value restoration that maintains historic charm.
Situated in the hills of Boyle Heights just minutes from DTLA, the property offers a large lot and the potential for skyline views with the addition of a second story.
The 'cash only' requirement and the seller's need for a fast close significantly limit the buyer pool to investors, excluding those relying on traditional financing.
As a 'diamond in the rough,' the property requires substantial capital investment and contractor oversight to address its current condition and realize its full equity potential.
Unleash the massive potential of 2808 Guirado Street, a prime value-add opportunity perfect for investors, contractors, or visionary homeowners looking to build instant equity. Nestled in the hills of Boyle Heights, minutes from DTLA on an R2-zoned lot, this 3-bedroom, 2-full-bath property is a diamond in the rough, packed with highly sought-after vintage character and incredible development options. Step inside to discover a solid foundation of craftsmanship, including gorgeous vintage Craftsman wood doors with original hardware, and what appears to be solid original hardwood flooring preserved beneath the carpet -just waiting to be restored. Both bathrooms are generously sized and feature full tubs, providing ample space to design your dream modern baths. Beyond the main home, the property is a developer’s dream! The spacious lot features both front and back yards with many fruit trees with many fruit trees, a long private driveway with plenty of parking, and rear alley access. Built on a solid concrete slab in the backyard sits a detached bonus structure—an ideal setup for a creative art studio, home office, BBQ area, or workshop. The real crown jewel of this property is its R2 zoning and the flexibility for future growth. Buyers have the unique opportunity to build a second unit or a detached Accessory Dwelling Unit (ADU) utilizing the rear alley access. Even better, adding a second story to the main home or constructing a two-story ADU may allow you to capture a stunning, picturesque view of the Downtown Los Angeles skyline. Whether you want to flip, create a cash-flowing multi-unit investment, or build your ultimate custom compound, 2808 Guirado Street holds the key. Bring your contractor and your imagination—opportunities with this much upside do not last long! Cash only, as seller needs a fast close!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,284 | 1,672 |
| Lot Size | 6,582 | 6,067 |
| Price | $538.0K | $1.37M |
| Price per sq ft | $419 | $801 |
| Built year | 1921 | 1939 |
| HOA | $0 | $348 |
| Days on market | 4 | 56 |
Jul 18, 2026
$538,000
Initial Listing