3018 S Victoria Avenue, Los Angeles, California 90016, Los Angeles, 90016 - 3 bed, 1 bath
Loading property details...
Los Angeles, California 90016
This Value-Add Residential Asset represents a Prime Investment Opportunity in the heart of the West Adams Art District. Listed at $850,000, the property is positioned below its $889,730 Fair Market Value by 4%, providing $39,730 in Instant Equity. With a Condition Rating of 5, this 1926 structure requires a full-scale renovation but offers a 6,755 sqft lot and an unrecorded second bathroom for immediate layout advantages. Located near Virginia Road Elementary and the Expo Line, the site ensures strong long-term demand. This is a high-upside acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3018 S Victoria Avenue Subject | $850,000* List Price | 3 | 1 | 1,550 | $574 | - |
A 2934 Hillcrest Drive Sold | $760,000 | 3 | 2 | 1,764 | $431 | 0.4 mi |
B 3551 Hillcrest Drive Sold | $950,000 | 3 | 2 | 1,530 | $621 | 0.5 mi |
C 2413 S Victoria Avenue Pending | $850,000 List Price | 3 | 1 | 1,385 | $614 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1926 (98 years old) with no recorded renovations, this property is explicitly described as a 'diamond in the rough' and a 'renovation project.' The listing's emphasis on 'sweat equity' and the need for a contractor suggests that the kitchen, bathrooms, and major systems (HVAC/Electric) are significantly outdated and require a full rehab.
Situated in the heart of the trendy West Adams Art District, the property offers exceptional walkability to popular local hotspots like Alta Adams and Cento Pasta Bar, ensuring high demand and long-term appreciation.
With a generous 6,755 sqft lot and a solid foundation, this property is an ideal candidate for a high-end renovation or expansion, providing a perfect canvas for investors to build substantial equity.
The home features two bathrooms despite public records only showing one, offering a more functional layout for a three-bedroom residence and immediate value that is not yet reflected in official data.
Marketed as a 'diamond in the rough,' the property requires a full-scale renovation, which will necessitate a significant additional investment of time, capital, and professional contracting services.
The assigned middle and high schools carry low performance ratings, which may limit the property's appeal to families specifically seeking high-ranking public education options.
Unlock the potential of this diamond in the rough, perfectly positioned for your next renovation project or income-generating invest. Public records show 3-bedrooms 1-bath, however, is has 2-baths. Located in the heart of the West Adams Art District and closely located too High Likely, Vickey's All Day, Maydan Market, Alta Adams, and CENTO Pasta Bar. Easy access to freeways and Expo Lines. Whether you're looking to flip, rent or build long-term equity, this property offers a solid foundation and endless possibilities. With good bones and a layout ready for transformation, this home is ideal for a savvy investor who see the value in sweat equity. Bring your vision, contractor, and your creativity-this is your chance to create something special. ***FIRST SHOWING ON 4/26/2026 1 TO 4 PM***
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 29% |
| Square foot | 1,550 | 1,404 | 59% |
| Lot Size | 6,755 | 5,456 | 76% |
| Price | $850.0K | $1.03M | 31% |
| Price per sq ft | $548 | $744 | 14% |
| Built year | 1926 | 1926 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 186 | 2% |
Apr 19, 2026
$850,000
Initial Listing
Oct 24, 2000
$143,000
Public Record
Dec 27, 1994
$140,000
Public Record