3045 Field Avenue, Los Angeles, California 90016, Los Angeles, 90016 - 3 bed, 1 bath
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3045 Field Avenue
Los Angeles, California 90016
ACTIVE
CONDITION: POOR
3Beds
1Baths
1,276Sq Ft
5,321Lot Size
Property Price
LIST PRICE$995,000
EST. MARKET VALUE
$891,080
11% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $995,000—positioned well above the $891,080 Fair Market Value by -11%. As a major fixer with a Condition Rating of 5, this asset requires a comprehensive renovation to unlock its full potential. The 5,321-square-foot lot offers significant development versatility for expansion or ADU construction. Located in the Los Angeles Unified district, this project is best suited for Fix-and-Flip Investors or Contractors capable of managing a complete, court-confirmed probate acquisition.
Estimated Market Value
$891,080
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 |
|---|---|---|---|---|---|---|
★ 3045 Field Avenue Subject | $995,000* List Price | 3 | 1 | 1,276 | $698 | - |
A 2207 S Cochran Sold | $870,000 | 2 | 1 | 1,241 | $701 | 1.0 mi |
B 2430 S Cochran Avenue Sold | $740,000 | 2 | 1 | 1,340 | $552 | 0.8 mi |
C 2115 S Redondo Boulevard Sold | $878,000 | 3 | 1 | 1,399 | $628 | 0.9 mi |
D 2524 Alsace Ave Sold | $710,000 | 3 | 2 | 1,071 | $663 | 0.6 mi |
E 3551 Hillcrest Drive Sold | $950,000 | 3 | 2 | 1,530 | $621 | 0.4 mi |
F 3018 S Victoria Avenue Sold | $925,000 | 3 | 1 | 1,550 | $597 | 0.6 mi |
G 2524 S Sycamore Avenue Active | $925,000 List Price | 3 | 1 | 988 | $936 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
This 1925 property is a century-old structure described as a 'major fixer' requiring a 'complete renovation.' With no mention of updates to the kitchen, bath, or systems (HVAC/Electric) and the presence of substantial debris, it meets the criteria for poor condition due to extreme age and the need for a total rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Value-Add Potential
As a major fixer in a high-demand Los Angeles pocket, this property offers a rare opportunity for investors and developers to realize substantial equity through a complete renovation, expansion, or reimagining.
- Prime Central Location
Situated in the desirable 90016 zip code of Mid-Los Angeles, the property provides excellent proximity to major transit corridors and trendy neighborhoods, ensuring strong future resale or rental demand.
- Development Versatility
The 5,321-square-foot lot provides ample space for a potential footprint expansion or the addition of an Accessory Dwelling Unit (ADU), maximizing the property's long-term utility and income potential.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Requirements
The home is in poor condition with significant debris and personal property remaining, requiring a total 'as-is' overhaul and substantial upfront capital for remediation and construction.
- Complex Probate Process
The sale requires court confirmation, which typically involves a longer closing timeline and the risk of a competitive overbid process in court, potentially complicating the acquisition for some buyers.
About 3045 Field Avenue
Probate Sale – Court Confirmation Required. Rare opportunity for investors, developers, flippers, and cash buyers to acquire a property with exceptional value-add potential in a desirable Los Angeles neighborhood. This 3-bedroom, 1-bathroom home is a major fixer ready for a complete renovation, expansion, or reimagining. Bring your contractor and vision—this property offers the chance to unlock significant upside for resale, rental income, or a long-term investment. Opportunities like this don’t come along often. Property is being sold strictly in its present “AS IS” condition. Seller will provide no repairs, credits, concessions, or warranties, expressed or implied, regarding the property’s condition. The home contains a substantial amount of personal property and debris. Seller will make a reasonable effort to remove as much debris and former belongings as possible prior to closing; however, any remaining items shall become the buyer’s responsibility. Court confirmation is required.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- 5,321 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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
Virginia Road Elementary School
Grades K-5 • 0.5 mi
5/10
Cienega Elementary School
Grades K-5 • 0.5 mi
5/10
Baldwin Hills Elementary School
Grades K-5 • 1.1 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,276 | 1,664.159 |
| Lot Size | 5,321 | 6,066.556 |
| Price | $995.0K | $1.35M |
| Price per sq ft | $780 | $806 |
| Built year | 1925 | 1939 |
| HOA | $0 | $278 |
| Days on market | 37 | 55 |
Pricing History
Listed for Sale
Aug 3, 2026
$995,000
Initial Listing