351 E 124th, Los Angeles, California 90061, Los Angeles, 90061 - 3 bed, 2 bath
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Los Angeles, California 90061
This Value-Add Residential Asset is listed at $559,900, positioned well below the $563,481 Fair Market Value by 1%. This entry point offers $3,581 in Instant Equity for buyers ready to renovate a property with a Condition Rating of 5. The asset’s primary value lies in its deep 5,936 sqft lot with verified ADU potential, unverified additions, and rare City Lights views. Located within the Los Angeles Unified district, this project provides a clear path to forced appreciation through modernization. It is an ideal acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 351 E 124th Subject | $559,900* List Price | 3 | 2 | 1,136 | $496 | - |
A 233 E 136th Sold | $650,000 | 3 | 1 | 1,100 | $591 | 0.9 mi |
B 210 W 113th Sold | $455,000 | 4 | 1 | 1,068 | $426 | 0.9 mi |
C 315 W 120th Street Sold | $450,000 | 3 | 1 | 956 | $471 | 0.7 mi |
D 330 E El Segundo Boulevard Sold | $440,000 | 2 | 1 | 764 | $576 | 0.3 mi |
E 210 W 113th Active | $590,000 List Price | 4 | 2 | 1,068 | $552 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1947 and explicitly described as a 'fixer,' the property shows visible exterior neglect including rotting eaves and damaged fascia. Given the age and 'fixer' status with no mention of updates, it likely requires a full rehab of systems, kitchen, and baths to address safety and structural defects.
The property features a deep 5,936 sqft lot with ample space to construct an Accessory Dwelling Unit (ADU), offering significant value-add potential for rental income or multi-generational living.
Priced competitively at $559,900, this property serves as an ideal entry-point for investors or flippers looking for a high-potential project in the Southwest Los Angeles market.
The residence offers city light views, providing an attractive aesthetic element that enhances the property's appeal compared to standard lots in the area.
The home is explicitly listed as a fixer-upper, requiring a substantial additional investment in capital and labor to bring the property up to modern living standards.
The presence of unverified additions to the property may present challenges with permitting, financing, or future compliance, requiring thorough due diligence by the buyer.
3 bedroom 2 bath fixer in Southwest LA. Must see priced to sell tons of potential. There have been add ons to property buyer to satisfy themselves. The county has the property as a 3 bed 2 bath. The property features a deep lot with room for an ADU.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,136 | 1,129 | 52% |
| Lot Size | 5,936 | 5,710 | 59% |
| Price | $559.9K | $654.0K | 28% |
| Price per sq ft | $493 | $566 | 41% |
| Built year | 1947 | 1948 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 178 | 3% |
Apr 14, 2026
$559,900
Initial Listing