321 W 118th, Los Angeles, California 90061, Los Angeles, 90061 - 3 bed, 1 bath
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321 W 118th
Los Angeles, California 90061
ACTIVE
CONDITION: POOR
3Beds
1Baths
1,142Sq Ft
5,205Lot Size
Property Price
LIST PRICE$400,000
EST. MARKET VALUE
$428,028
6% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $400,000—positioned well below the $428,029 Fair Market Value by 6%. This valuation gap offers $28,029 in Instant Equity for buyers. Featuring a Condition Rating of 5, this Major Fixer requires a full renovation, yet the 5,205 sqft lot provides significant Development Potential for an ADU or multi-unit conversion. This is a high-reward acquisition ideal for Fix-and-Flip Investors or Contractors seeking a project with substantial upside.
Estimated Market Value
$428,028+$28,028 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 321 W 118th Subject 3 bd · 1 ba · 1,142 sqft · $375 | $400,000* List Price | 3 | 1 | 1,142 | $375 | - |
A 329 E 109th Sold 3 bd · 2 ba · 1,142 sqft · $438 · 1.0 mi | $500,000 | 3 | 2 | 1,142 | $438 | 1.0 mi |
B 204 E Imperial Sold 3 bd · 2 ba · 979 sqft · $380 · 0.5 mi | $372,000 | 3 | 2 | 979 | $380 | 0.5 mi |
C 438 E 121st Active 2 bd · 1 ba · 1,324 sqft · $378 · 0.8 mi | $500,000 List Price | 2 | 1 | 1,324 | $378 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1922 and explicitly described as a 'Major Fixer' requiring a 'full renovation,' this property is over 100 years old with no mentioned updates to systems or interiors. The listing's focus on 'development potential' and 'bringing a contractor' indicates significant deferred maintenance and likely safety or structural defects consistent with a rehab project.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The 5,205 sqft lot offers significant upside for investors, including the potential for multi-family redevelopment or the addition of a sizeable ADU.
- Strategic Accessibility
Conveniently located with seamless access to both the 110 and 105 freeways, providing excellent connectivity for commuters throughout Greater Los Angeles.
- High Equity Upside
Priced competitively at $400,000, this property serves as a high-potential entry point for builders looking to capture maximum value through a full renovation.
CONSRISKS & DEFICIENCIES
- Major Fixer Condition
The property requires substantial rehabilitation and capital investment, making it unsuitable for traditional financing or immediate occupancy.
- Short Sale Complexity
As a short sale, the transaction may involve extended timelines and is subject to third-party lender approval, which can complicate the closing process.
About 321 W 118th
SHORT SALE OPPORTUNITY | Major Fixer with Substantial Upside & Development Potential. Attention investors, builders, and visionaries! Exceptional add-value opportunity featuring a 3-bedroom, 1-bath home in a central location. Perfect candidates for a long-term hold, full renovation, or multi-family redevelopment with ample space to add a sizeable ADU or convert into a multi-unit property down the road. Conveniently situated with seamless access to both the 110 and 105 freeways, making commutes and access throughout Greater Los Angeles a breeze. Bring your contractor and capture the maximum potential this property has to offer!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1922
- Lot Size
- 5,205 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
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 | 1,142 | 1,670.836 |
| Lot Size | 5,205 | 6,152.156 |
| Price | $400.0K | $1.34M |
| Price per sq ft | $350 | $807 |
| Built year | 1922 | 1941 |
| HOA | $0 | $238 |
| Days on market | 20 | 56 |
Pricing History
Listed for Sale
Oct 20, 2026
$400,000
Initial Listing