357 E 116th Street, Los Angeles, California 90061, Los Angeles, 90061 - 0 bed, 0 bath
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357 E 116th Street
Los Angeles, California 90061
ACTIVE
CONDITION: POOR
0Beds
0Baths
1,469Sq Ft
8,875Lot Size
Property Price
LIST PRICE$675,000
EST. MARKET VALUE
$647,378
4% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $675,000—positioned well above the $647,378 Fair Market Value by 4%. While the property requires capital improvements due to its Fair Condition Rating, the duplex configuration—featuring a 3-bedroom front house and 1-bedroom back house—offers significant rental versatility. The expansive 8,875-square-foot lot provides substantial upside for future ADU development. This asset is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to capitalize on high-demand commuter corridors.
Estimated Market Value
$647,378
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 357 E 116th Street Subject | $675,000* List Price | 0 | 0 | 1,469 | $441 | - |
A 150 E 108th Sold | $650,000 | 4 | 2 | 1,392 | $467 | 0.6 mi |
B 244 E 118th Active | $649,000 List Price | 0 | 0 | 1,268 | $512 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Property is 70 years old (built 1956) with no mention of recent renovations or system upgrades. The 'investor dream' description typically indicates significant deferred maintenance, requiring a full rehab of kitchens, bathrooms, and aging electrical/HVAC systems.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential
The duplex configuration, featuring a 3-bedroom front house and a 1-bedroom back house, offers excellent rental versatility or a house-hacking opportunity for owner-occupants.
- Prime Commuter Location
Situated near the 110 and 105 freeways and a subway station, the property is ideally positioned for tenants seeking easy access to Greater Los Angeles employment hubs.
- Expansive Lot
The generous 8,875-square-foot lot provides significant space for the detached garage and offers potential for future value-add projects or ADU development.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1956, the property may require capital improvements to modernize systems and finishes to meet current market rental standards and improve efficiency.
- Noise Exposure
Proximity to two major freeways and public transit infrastructure may result in elevated ambient noise levels, which could impact residential appeal for some tenants.
About 357 E 116th Street
Rare investment opportunity!! Investor dream property located in a highly sought after rental location. Property is located near both the 110 and 105 freeways and the subway station. This property has a metal gate fence and consists of 2 units. The front house is 3 bedrooms 2 bath and the back house is 1 bedroom 1 bath. There is also a 2 car detached garage.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1956
- Lot Size
- 8,875 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,469 | 2,187.451 |
| Lot Size | 8,875 | 5,841.385 |
| Price | $675.0K | $841.5K |
| Price per sq ft | $459 | $385 |
| Built year | 1956 | 1928 |
| HOA | $0 | $0 |
| Days on market | 30 | 85 |
Pricing History
Listed for Sale
Aug 10, 2026
$675,000
Initial Listing
Sold
May 8, 2012
$174,500
Public Record
Sold
Aug 4, 2005
$385,000
Public Record