
Los Angeles, California 90031
This property presents a High-Potential Investment Opportunity with a List Price of $549,000—positioned well below the $494,484 Fair Market Value by -11%. Featuring a 11,954 sqft lot and sweeping DTLA skyline views, the 1900 California Bungalow carries a Condition Rating of 5, necessitating a full-scale renovation. The expansive, terraced lot offers significant development potential for a private compound. This asset is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking to capitalize on the significant land-to-structure ratio in Lincoln Heights.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3165 Minnesota Street Subject 2 bd · 1 ba · 969 sqft · $510 | $549,000* List Price | 2 | 1 | 969 | $510 | - |
A 2818 Ashland Avenue Sold 3 bd · 1 ba · 1,020 sqft · $449 · 0.1 mi | $458,000 | 3 | 1 | 1,020 | $449 | 0.1 mi |
B 4124 Mercury Avenue Active 3 bd · 2 ba · 1,296 sqft · $532 · 0.8 mi | $689,000 List Price | 3 | 2 | 1,296 | $532 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1900 and marketed as 'ready for revival,' the home features original windows and a century-old clawfoot tub, indicating that the kitchen, bath, and major systems are significantly outdated and require a full rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11954, living area = 969.
The property features a rare 11,954 square foot terraced lot, providing significant room for expansion, gardening, or the creation of a private multi-structure compound.
Perched above the street directly across from Ela Park, the home offers sweeping views of the DTLA skyline and sunsets, situated near popular Lincoln Heights and Highland Park amenities.
The home is noted as being 'ready for revival,' suggesting that significant capital investment is required to update the 124-year-old structure and its systems.
At just 969 square feet with only one bathroom, the current interior space is quite limited and may not meet the needs of buyers looking for modern square footage without an addition.
Endless potential on a large lot: perched above the street on over 11,000 square feet of land with sweeping DTLA skyline views and spectacular sunsets, this unique property offers an exciting opportunity to realize your vision. Featuring a vintage California Bungalow and oversized barn-like shed, the property feels like a private retreat on a gently sloping lot. The two-bedroom home is ready for revival, with living and formal dining rooms and period details including original windows, wood-panel doors and a built-in buffet; the bath retains its clawfoot tub and built-in medicine cabinet. Dotted with mature trees, the expansive lot features several distinct terraces, each enjoying beautiful vistas and providing ample room for future gardening and outdoor living. The oversized storage shed has a barn-like quality, holding intriguing future possibilities. Amenities include a private driveway with parking for four cars. Well-situated on a scenic block directly across from Ela Park, the property has the makings of a secluded, private compound in Historic Lincoln Heights, with easy access to DTLA, Echo Park, Highland Park and local favorites Zizou, Moo's Craft Barbecue, The Airliner, The Heights Deli and Trattoria Daly.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 969 | 1,670.836 |
| Lot Size | 11,954 | 6,152.156 |
| Price | $549.0K | $1.34M |
| Price per sq ft | $567 | $807 |
| Built year | 1900 | 1941 |
| HOA | $0 | $238 |
| Days on market | 14 | 56 |
Oct 26, 2026
$549,000
Initial Listing