
Los Angeles, California 90063
This Value-Add Investor Asset is listed at $798,000, situated in a developing pocket of the Los Angeles Unified district. While the $708,435 Fair Market Value reflects current market data, the property offers significant upside through a Detached Garage with ADU Potential and a Strategic Corner Lot Location. Currently holding a Condition Rating of 5, the home requires rehabilitation but sits near Harrison Street Elementary and Boyle Heights STEM High School. With immediate rental income and DTLA views, this is a strategic play for Fix-and-Flip Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3202 Ganahl 1 Subject | $798,000* List Price | 4 | 3 | 1,578 | $453 | - |
A 1026 Sentinel Avenue Sold | $592,000 | 2 | 1 | 1,232 | $481 | 0.1 mi |
B 472 N Ezra Street Sold | $625,000 | 4 | 2 | 990 | $631 | 0.5 mi |
C 1420 Miller Avenue Active | $840,000 List Price | 3 | 3 | 1,780 | $472 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1910, this property is explicitly marketed as an 'investor opportunity' requiring 'TLC.' The 'drive-by only' restriction and lack of interior photos strongly suggest significant deferred maintenance. With a 114-year-old structure and the mention of 'value-add' potential, the kitchen, bathrooms, and major systems likely require substantial rehabilitation and modernization to meet current safety and quality standards.
The detached garage offers a significant value-add opportunity for an ADU conversion, allowing investors to maximize the property's footprint and create an additional income stream.
Situated on a desirable corner lot in a rapidly emerging neighborhood near schools and scenic DTLA views, the property is well-positioned for long-term capital appreciation.
The spacious 4-bedroom, 3-bathroom layout is currently generating rental income, providing a functional foundation for investors to reposition the asset while maintaining cash flow.
Built in 1910 and explicitly requiring 'TLC,' the property likely necessitates substantial capital expenditure for modernization and structural repairs.
The property is currently tenant-occupied with 'drive-by only' viewing restrictions, which complicates the due diligence process and may involve costs related to tenant relocation.
This is a rare opportunity to secure a spacious, versatile home perfectly suited for large or multi-generational living as well as savvy investors seeking strong occupancy potential. Thoughtfully designed with flexibility in mind, the home offers expansive living areas, multiple bedrooms, and a layout that easily accommodates extended family, guests, or rental strategies. Ideal for owner-occupants who value space and functionality, while also presenting a compelling option for investors looking to maximize returns through shared living or long-term tenancy. Generous interior proportions are complemented by creating a comfortable and adaptable environment for a variety of living arrangements. Conveniently located near schools, parks and churches of different denominations. This property combines lifestyle appeal with income potential—a combination that’s increasingly hard to find. Note: Per the seller ABSOLUTELY no blind offers will be entertained. Please call to schedule a tour. Thank you!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 77% |
| Baths | 3.0 | 2.0 | 81% |
| Square foot | 1,578 | 1,174 | 79% |
| Lot Size | 4,878 | 4,878 | 50% |
| Price | $798.0K | $685.0K | 67% |
| Price per sq ft | $506 | $598 | 33% |
| Built year | 1910 | 1925 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 43 | 172 | 5% |
Mar 10, 2026
$798,000
Initial Listing
May 2, 2000
$143,000
Public Record
Oct 27, 1999
$90,000
Public Record