321 E 119th, Los Angeles, California 90061, Los Angeles, 90061 - 3 bed, 2 bath
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Los Angeles, California 90061
This property presents a High-Potential Investment Opportunity with a List Price of $660,000—positioned well above the $590,721 Fair Market Value by -11%. With a Fair Condition Rating of 5, this asset requires significant capital investment to modernize its 1926 systems. However, the expansive 5,838 sq. ft. lot and detached garage offer substantial ADU Potential for forced appreciation. This is a value-add project best suited for Buy-and-Hold Investors or Contractors capable of executing a comprehensive renovation to maximize long-term rental yields.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 321 E 119th Subject | $660,000* List Price | 3 | 2 | 1,452 | $419 | - |
A 142 W 110th Street Sold | $625,000 | 3 | 2 | 1,440 | $434 | 0.8 mi |
B 351 E 124th Sold | $581,000 | 3 | 2 | 1,136 | $511 | 0.3 mi |
C 329 E 109th Sold | $500,000 | 3 | 2 | 1,142 | $438 | 0.9 mi |
D 143 W 110th Street Sold | $635,000 | 3 | 1 | 1,264 | $502 | 0.9 mi |
E 331 E 119th Street Sold | $613,500 | 4 | 2 | 1,800 | $341 | 0.0 mi |
F 315 W 118th Active | $700,000 List Price | 2 | 2 | 1,486 | $471 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1926 with no mention of recent renovations. The listing's emphasis on 'endless potential' and 'investors' combined with visible window AC units and an aged roof indicates the property requires a full rehab of systems and interiors.
The detached garage offers significant potential for conversion into an Accessory Dwelling Unit (ADU), providing a valuable opportunity for rental income or multi-generational living.
Situated on a nearly 6,000 sq. ft. lot, the property provides ample outdoor space for expansion, landscaping, or entertaining, which is a premium in the Los Angeles market.
With 3 bedrooms and 2 bathrooms across 1,452 sq. ft., the home offers a spacious and competitive layout for a 1920s build, catering well to modern family needs.
Built in 1926 and marketed as having 'endless potential,' the property likely requires significant capital investment for modern updates and structural repairs.
The 'Back on the Market' status can often signal previous issues with inspections, financing, or appraisals, which may cause hesitation among cautious buyers.
BACK ON THE MARKET !!!!! Charming 3-bedroom, 2-bath home full of endless potential! Situated on an almost 6,000 sq. ft. lot, this property offers an incredible opportunity for homeowners, investors, or anyone looking to create their dream space. The detached garage provides excellent ADU potential, adding even more value and possibilities. With plenty of outdoor space and room to grow, this is a property you do not want to miss. Schedule your private showing and discover all the possibilities this home has to offer!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,452 | 1,672 |
| Lot Size | 5,838 | 6,067 |
| Price | $660.0K | $1.37M |
| Price per sq ft | $455 | $801 |
| Built year | 1926 | 1939 |
| HOA | $0 | $348 |
| Days on market | 39 | 56 |
Jun 13, 2026
$660,000
Initial Listing
Nov 28, 2022
$580,000
Public Record
May 5, 2000
$129,000
Public Record