302 W 107th Street, Los Angeles, California 90003, Los Angeles, 90003 - 0 bed, 0 bath
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Los Angeles, California 90003
This High-Density Development Asset is a High-Potential Investment Opportunity listed at $795,000—positioned well below the $805,223 Fair Market Value by 1%. This entry point provides $10,223 in Instant Equity, with a valuation supported by the 6,160 SF Corner Lot and C2 Zoning. Boasting TOC Tier 1 potential for 23 units and a Condition Rating of 4, the property generates immediate cash flow within the Los Angeles Unified district. This is a premier acquisition for Buy-and-Hold Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 302 W 107th Street Subject | $795,000* List Price | 0 | 0 | 1,914 | $421 | - |
A 350 E 97th Sold | $770,000 | 0 | 0 | 1,888 | $408 | 0.9 mi |
B 433 W Century Sold | $675,000 | 0 | 0 | 1,640 | $412 | 0.5 mi |
C 10016 S San Pedro Street Sold | $710,000 | 0 | 0 | 2,178 | $326 | 0.7 mi |
D 147 E 95th Street Sold | $599,000 | 0 | 0 | 1,440 | $416 | 0.9 mi |
E 338 107th Sold | $700,000 | 4 | 3 | 1,677 | $417 | 0.6 mi |
F 157 E 104th Street Pending | $799,000 List Price | 0 | 0 | 1,734 | $461 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1940, the property is aged but functional and currently fully rented. While the listing emphasizes development potential, the existing structures have been maintained with recent upgrades to major systems including roofs and sewers, and the property has passed city inspections. It remains in a livable, albeit outdated, condition.
The property is situated on a 6,160 SF corner lot zoned C2, offering a prime opportunity to develop up to 23 units or an 18-unit TOC Tier 1 multi-use building.
The two existing houses are fully rented and have undergone recent essential upgrades, including new roofs and sewers, providing steady cash flow while permits are finalized.
The owner has already navigated significant portions of the TOC process and received approval to submit for final TOC status, significantly reducing the lead time for a developer.
The development plans are not yet Ready to Issue (RTI), meaning the buyer will still need to complete the final approval steps and city requirements before breaking ground.
Built in 1940, the existing structures may require ongoing maintenance or eventual demolition costs to realize the highest and best use of the land.
2 HOUSES on a Big Corner Lot fully rented. owner replaced roofs and sewers, property recently passed city inspection-Great Development opportunity to purchase an 6160 SF lot located in South LA, zoned as C2. A developer could build up to 23 units using entitlements from the city or continue with proposed plans that are already in the process to qualify for an 18 unit T.O.C. Tier 1 - 5 story multi use building. Plans are (non-RTI) but the owner has already went through many steps of the T.O.C. process and been approved to submit for final T.O.C. approval.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,914 | 1,907 | 52% |
| Lot Size | 6,160 | 5,185 | 91% |
| Price | $795.0K | $780.0K | 52% |
| Price per sq ft | $415 | $364 | 61% |
| Built year | 1940 | 1928 | 57% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 203 | 2% |
Mar 13, 2026
$795,000
Initial Listing
Oct 10, 2018
$525,000
Public Record
May 2, 2014
$306,000
Public Record
Jul 29, 1994
$130,000
Public Record