341 W 88th, Los Angeles, California 90003, Los Angeles, 90003 - 3 bed, 1 bath
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Los Angeles, California 90003
This Value-Add Single-Family Residence represents a significant renovation project in South Los Angeles. Currently listed at a List Price of $675,000 against a $608,397 Fair Market Value, the property is positioned for buyers targeting long-term appreciation in a high-demand pocket. The home carries a Poor Condition Rating (5), necessitating a full-scale rehabilitation of its 1927 systems and interior. However, the 3,601 Sqft Lot and location within the Los Angeles Unified district provide a solid foundation for forced appreciation. This is a strategic acquisition for Fix-and-Flip Investors or Contractors ready to execute a value-add strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 341 W 88th Subject | $675,000* List Price | 3 | 1 | 1,026 | $593 | - |
A 222 W 87th Sold | $680,000 | 3 | 1 | 1,328 | $512 | 0.2 mi |
B 427 W 92nd Street Sold | $605,000 | 1 | 1 | 832 | $727 | 0.3 mi |
C 226 E 88th Active | $580,000 List Price | 3 | 1 | 984 | $589 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1927 and explicitly marketed 'as-is' with potential to 'add value, renovate,' this property is in poor condition. The exterior shows significant neglect with overgrown landscaping, faded paint, and an old, caged utility unit. The absence of interior photos, particularly of the kitchen and bathroom, strongly suggests these areas are severely outdated and require substantial rehabilitation. Major systems (plumbing, electrical, HVAC) are likely original or very old, necessitating extensive replacement or repair to meet modern standards.
Centrally located in Los Angeles, offering excellent proximity to major freeways, public transportation, schools, shopping, and dining, enhancing convenience and accessibility.
Presents a significant opportunity for both owner-occupants and investors to add value through renovation, customization, or as a long-term investment in a dynamic market.
Features a spacious lot, providing ample room for potential expansion, landscaping, or future improvements, a valuable asset in urban Los Angeles.
The property is sold in its present 'as-is' condition, implying that buyers should anticipate potential needs for repairs, upgrades, or modernization.
With 3 bedrooms and only 1 bathroom, this configuration may present practical challenges and could be a deterrent for larger families or those seeking more convenience.
Built in 1927, the home may require significant updates to its systems (e.g., plumbing, electrical) and aesthetics to meet modern living standards and expectations.
Located in South Los Angeles, this single-family residence offers a great opportunity for owner-occupants or investors alike. The property features a functional floor plan and sits on a spacious lot with potential for customization or future improvements. Conveniently located near major freeways, public transportation, schools, shopping, and dining. This home is ideal for buyers looking to add value, renovate, or hold as a long-term investment in a centrally located Los Angeles neighborhood. Buyer to verify all information including square footage, permits, zoning, and intended use. Property sold in its present condition.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 1,026 | 1,096 | 43% |
| Lot Size | 3,601 | 5,184.5 | 14% |
| Price | $675.0K | $614.5K | 76% |
| Price per sq ft | $658 | $530 | 74% |
| Built year | 1927 | 1923 | 79% |
| HOA | $0 | $0 | 50% |
| Days on market | 79 | 201 | 17% |
Feb 2, 2026
$675,000
Initial Listing