
Los Angeles, California 90018
This property presents a High-Potential Investment Opportunity with a List Price of $700,000—positioned well below the $717,326 Fair Market Value by 2%. This valuation gap offers $17,326 in Instant Equity for buyers. With a Condition Rating of 5, the home requires significant modernization, yet the 5,588 sqft lot and 4-bedroom layout provide excellent Development Potential. Located near USC and major transit, this is a strategic acquisition for Buy-and-Hold Investors or Contractors seeking a value-add project in a developing urban corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3112 S Hobart Boulevard Subject | $700,000* List Price | 4 | 2 | 1,356 | $529 | - |
A 1605 W 35th Sold | $650,000 | 2 | 1 | 1,400 | $464 | 0.1 mi |
B 3011 Brighton Sold | $653,000 | 2 | 2 | 1,542 | $423 | 0.3 mi |
C 3667 Cimarron Sold | $600,000 | 3 | 1 | 1,134 | $529 | 0.6 mi |
D 3613 S Gramercy Place Sold | $699,000 | 2 | 1 | 1,176 | $594 | 0.5 mi |
E 1431 W 37th Drive Sold | $825,300 | 2 | 1 | 1,637 | $504 | 0.6 mi |
F 3640 2nd Avenue Active Under Contract | $799,999 List Price | 4 | 1 | 1,479 | $541 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1973 (50+ years old) with no mentioned renovations; the listing description explicitly states the home needs 'restoration' and 'modernization,' indicating original systems and dated kitchen/baths that require a full rehab.
Situated near USC, Exposition Park, and Downtown Los Angeles, this property offers excellent accessibility and high demand in a rapidly developing neighborhood.
The generous 5,588 square foot lot provides ample space for future expansion, gardening, or the potential addition of an Accessory Dwelling Unit (ADU).
With 4 bedrooms and 2 bathrooms, the functional floor plan maximizes the living space, making it a versatile option for large families or rental investors.
The property is positioned as a restoration project, suggesting that significant investment in modernization and repairs will be necessary to reach its full potential.
Built in 1973, the home likely requires updates to its original systems and finishes to meet modern energy efficiency and aesthetic standards.
Located in the heart of historic South Los Angeles, this charming California Traditional home blends vintage character with opportunity and potential. Set behind a gated front yard with mature landscaping and blooming jacaranda trees, the property offers classic neighborhood appeal and a welcoming street presence.The residence features approximately 1,356 square feet of living space with 4 bedrooms and 2 bathrooms on a generously sized lot. Inside, the home offers a functional floor plan ready for customization, restoration, or modernization to suit your vision. The spacious yard provides room for entertaining, gardening, or future expansion possibilities. Conveniently located near USC, Exposition Park, Downtown Los Angeles, public transportation, shopping, and major freeways, this property presents an excellent opportunity for homeowners, investors, or buyers seeking value in a rapidly developing neighborhood.Whether you're looking to restore its original charm or create a modern urban retreat, this South LA gem is full of potential. This is an "as-is, where-is, " sale with no warranties, express, or implied. Buyers and their agents to do their own due diligence with regard to permits, schools and their availability, improvements, square footage, property improvements, etc.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,356 | 1,672 |
| Lot Size | 5,588 | 6,067 |
| Price | $700.0K | $1.37M |
| Price per sq ft | $516 | $801 |
| Built year | 1973 | 1939 |
| HOA | $0 | $348 |
| Days on market | 71 | 56 |
May 12, 2026
$700,000
Initial Listing