315 W 118th, Los Angeles, California 90061, Los Angeles, 90061 - 2 bed, 2 bath
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Los Angeles, California 90061
This property presents a High-Potential Investment Opportunity with a List Price of $700,000—positioned well above the $633,337 Fair Market Value by -10%. While the home requires significant capital expenditure due to its Fair Condition Rating, the 1,486 square foot layout and 5,202 square foot lot provide a foundation for substantial value-add renovations, including ADU Conversion Potential. This asset is best suited for Buy-and-Hold Investors or Contractors capable of executing a comprehensive modernization of the 1924 infrastructure.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 315 W 118th Subject | $700,000* List Price | 2 | 2 | 1,486 | $426 | - |
A 142 W 110th Street Sold | $625,000 | 3 | 2 | 1,440 | $434 | 0.7 mi |
B 351 E 124th Sold | $581,000 | 3 | 2 | 1,136 | $511 | 0.7 mi |
C 11513 S San Pedro Sold | $562,000 | 3 | 2 | 1,020 | $551 | 0.6 mi |
D 143 W 110th Street Sold | $635,000 | 3 | 1 | 1,264 | $502 | 0.7 mi |
E 331 E 119th Street Sold | $613,500 | 4 | 2 | 1,800 | $341 | 0.6 mi |
F 321 E 119th Active | $660,000 List Price | 3 | 2 | 1,452 | $455 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1924 and described as a 'diamond in the rough' needing TLC. The bathroom features highly dated 1980s-era teal fixtures and tiling, indicating no major updates in over 30 years. The exterior shows weathered trim and aging stucco, suggesting the property requires a full cosmetic rehab and likely significant system (HVAC/Electric) upgrades.
With 1,486 square feet of living space for a two-bedroom home, the property offers a significantly larger footprint than typical bungalows of this era, providing generous room sizes and reconfiguration potential.
The two-car detached garage on a 5,202 square foot lot presents an excellent opportunity for an Accessory Dwelling Unit (ADU) conversion, which can provide additional rental income or increased resale value.
Positioned as a 'diamond in the rough,' this property offers substantial equity growth potential for investors or owner-users looking to customize a home through strategic renovations.
The property is explicitly noted as needing 'TLC,' indicating that immediate and potentially significant capital expenditure will be required to address its current condition.
Built in 1924, the home likely requires extensive updates to century-old systems, including electrical, plumbing, and potentially the foundation, to meet modern safety and efficiency standards.
A DIAMOND IN THE ROUGH. 2 BEDROOMS/2 BATHROOM HOME. WITH A 2 CAR DETACHED GARAGE. NEEDS SOME TLC
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,486 | 1,672 |
| Lot Size | 5,202 | 6,067 |
| Price | $700.0K | $1.37M |
| Price per sq ft | $471 | $801 |
| Built year | 1924 | 1939 |
| HOA | $0 | $348 |
| Days on market | 7 | 56 |
Jul 15, 2026
$700,000
Initial Listing