344 W 83rd, Los Angeles, California 90003, Los Angeles, 90003 - 3 bed, 2 bath
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Los Angeles, California 90003
This property presents a High-Potential Investment Opportunity with a List Price of $625,900—positioned well below the $605,263 Fair Market Value by -3%. While the home carries a Condition Rating of 5, the generous 5,149 sqft lot and 1,092 sqft footprint provide significant value-add potential through ADU construction or interior reconfiguration. Featuring a scenic view and a private patio, this asset is a prime candidate for structural and cosmetic modernization. This property is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking a project with long-term growth potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 344 W 83rd Subject | $549,000* List Price | 3 | 2 | 1,092 | $503 | - |
A 437 W 81st Street Sold | $565,000 | 1 | 1 | 964 | $586 | 0.2 mi |
B 122 E 83rd Street Sold | $600,000 | 2 | 2 | 1,180 | $508 | 0.4 mi |
C 332 E 79th Street Sold | $520,000 | 2 | 1 | 1,008 | $516 | 0.7 mi |
D 214 E 76th Place Sold | $455,000 | 4 | 1 | 855 | $532 | 0.7 mi |
E 124 E 76th Street Sold | $480,000 | 3 | 2 | 1,140 | $421 | 0.6 mi |
F 131 W 84th Street Active | $580,000 List Price | 3 | 2 | 1,248 | $465 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1922-built home shows significant signs of age with no evidence of a major renovation in the last 30 years. The interior features dated popcorn ceilings, old tile flooring, and window AC units indicating a lack of central HVAC. The bathroom and living areas are functional but require a full rehab to address outdated systems and finishes.
The generous 5,149 sqft lot combined with a 1,092 sqft footprint offers significant opportunity for expansion, ADU construction, or reconfiguring the interior to add additional bedrooms.
At over 1,000 square feet, this home is exceptionally large for a one-bedroom property, providing a more open and versatile living space than typical starter homes in this price bracket.
The property is noted to have a view, a premium feature in the Los Angeles metropolitan area that enhances the overall desirability and future resale value of the residence.
The current one-bedroom configuration significantly narrows the buyer pool, as most single-family home seekers in this price range prioritize at least two to three bedrooms for families or home offices.
Built in 1922, the property is over a century old and likely requires substantial updates to major systems such as plumbing, electrical, and foundation to meet modern building standards.
Exceptional opportunity in Los Angeles. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
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 | 1,092 | 1,672 |
| Lot Size | 5,149 | 6,067 |
| Price | $549.0K | $1.37M |
| Price per sq ft | $503 | $801 |
| Built year | 1922 | 1939 |
| HOA | $0 | $348 |
| Days on market | 42 | 56 |
Jul 16, 2026
$549,000
$625,900
-12% Price Drop
Initial Listing
Jun 10, 2026
$625,900
Initial Listing