
Los Angeles, California 90063
This property presents a High-Potential Investment Opportunity with a List Price of $589,000—positioned above the $553,374 Fair Market Value. While currently priced above market, the asset features a Fair Condition Rating and an expansive 8,094 square foot lot with a rare street-to-street configuration. This layout provides significant upside for development, including potential ADU construction or site expansion. This is a strategic acquisition for Fix-and-Flip Investors or Contractors capable of executing a comprehensive renovation to unlock the property's full value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3328 Winter Street Subject | $589,000* List Price | 2 | 1 | 936 | $591 | - |
A 1065 N Gage Avenue Sold | $475,000 | 2 | 1 | 898 | $529 | 0.4 mi |
B 1129 N Alma Sold | $540,000 | 3 | 2 | 792 | $682 | 0.5 mi |
C 3179 Blanchard Street Pending | $653,350 List Price | 2 | 1 | 960 | $681 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1984 and explicitly marketed as a 'fixer' and 'project' for investors or builders. While the bathroom shows a recent modern renovation (subway tile and new vanity), the overall property requires significant rehabilitation, as evidenced by the unfinished masonry/rebar in the yard and the description's emphasis on development potential and the need for a contractor.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8094, living area = 936.
The oversized 8,094 square foot lot is exceptionally large for East Los Angeles, offering ample room for home expansion, an ADU, or potential multi-unit development.
The rare street-to-street configuration provides dual access points, which is a highly valuable feature for privacy, construction logistics, and future site planning.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8094, other record lot size in square feet = 8038.
The home is in need of significant renovation, requiring a buyer with the vision and capital to manage a complete project to bring the property to its full potential.
At just 936 square feet, the current living space is quite modest, which may limit immediate appeal for families without undertaking an expansion.
A rare opportunity in East Los Angeles! This 2-bedroom fixer is ready for a new owner to bring their vision to life. Whether you're looking for a project to create your own home or an investment with potential, this property offers plenty of possibilities. One of the standout features is the large 8,000+ square foot lot with a unique street-to-street configuration, providing valuable space and flexibility that is not often found in the area. The expansive lot may offer opportunities for expansion, additional improvements, or other development possibilities, making this property especially worth exploring for investors, builders, and buyers looking for future potential. Buyer to conduct their own independent due diligence and verify with the appropriate City/County departments regarding zoning, permitted uses, development potential, lot configuration, and any potential for additional construction. The existing 2-bedroom home offers an opportunity to renovate and create something special, while the generous lot provides room to think beyond the existing footprint. Conveniently located with easy access to major freeways, USC Medical Center, Cal State LA, Downtown Los Angeles, dining, shopping, entertainment and more. Bring your contractor, architect or vision and explore the possibilities this property has to offer!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 936 | 1,664.159 |
| Lot Size | 8,094 | 6,066.556 |
| Price | $589.0K | $1.35M |
| Price per sq ft | $629 | $806 |
| Built year | 1984 | 1939 |
| HOA | $0 | $278 |
| Days on market | 22 | 55 |
Aug 18, 2026
$589,000
Initial Listing
Aug 3, 2017
$288,000
Public Record