
Los Angeles, California 90063
This property presents a High-Potential Investment Opportunity with a List Price of $625,000—positioned well below the $626,422 Fair Market Value by 0.23%. Featuring Zoning R2 on a 6,745 sqft lot, this asset offers significant upside for ADU development. With a Condition Rating of 4, the home requires modernization, yet provides a solid foundation for value-add strategies. Its City Lights view and proximity to downtown LA enhance its long-term appeal. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3335 Floral Drive Subject | $625,000* List Price | 2 | 1 | 720 | $870 | - |
A 1156 N Hicks Sold | $675,000 | 2 | 1 | 788 | $857 | 0.6 mi |
B 1129 N Alma Sold | $540,000 | 3 | 2 | 792 | $682 | 0.6 mi |
C 3970 Strang Street Sold | $590,730 | 2 | 1 | 864 | $684 | 1.0 mi |
D 3667 E 5th Sold | $445,000 | 1 | 1 | 504 | $883 | 0.9 mi |
E 465 S Ditman Avenue Sold | $657,000 | 2 | 2 | 750 | $876 | 0.8 mi |
F 4160 Folsom Street Active | $670,000 List Price | 2 | 1 | 786 | $852 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1922, this century-old property appears well-maintained with cosmetic updates like laminate flooring and fresh paint, but the 'long-time residence' description suggests that major systems, kitchen, and baths are likely dated (>20 years) and will require modernization to meet current standards.
The property is zoned R2 on a generous 6,745 sqft lot with alley access, offering significant opportunity for ADU additions or multi-unit expansion for investors.
Boasting city light views and close proximity to Downtown LA and iconic neighborhood landmarks, the home offers excellent urban connectivity and cultural appeal.
A large backyard featuring a covered patio and rear alley access provides versatile outdoor utility and ease of access for future construction or storage.
At just 720 square feet, the interior footprint is quite small, which may limit appeal for buyers seeking modern spaciousness without immediate expansion.
Originally built in 1922, the residence likely requires modernization of its core systems and structural components to meet contemporary efficiency and safety standards.
Excellent opportunity to get into a charming, long-time residence home - with potential for ADU's additions. Property has city views, and close to neighborhood landmarks Cinco Puntos, El Mercardo and El Pino. Perfect for first time homebuyer with potential to become an investor. It is zoned as a R2. Property has cozy floorplan, large backyard with alley access, storage space and covered patio. Close proximity to downtown LA, neighborhood stores, and public transportation.
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 | 720 | 1,664.159 |
| Lot Size | 6,745 | 6,066.556 |
| Price | $625.0K | $1.35M |
| Price per sq ft | $868 | $806 |
| Built year | 1922 | 1939 |
| HOA | $0 | $278 |
| Days on market | 8 | 55 |
Sep 1, 2026
$625,000
Initial Listing