
Los Angeles, California 90003
This Value-Add Residential Asset is listed at $650,000, positioned relative to a $571,512 Fair Market Value. Currently holding a Condition Rating of 5, the 1939-built structure requires comprehensive rehabilitation but offers significant forced appreciation potential. The primary value lies in the 5,097 sq. ft. corner lot, which provides a strategic footprint for an ADU or duplex conversion to maximize future rental yield. Located within the Los Angeles Unified district with easy transit access, this project is a high-upside acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 358 E Colden Avenue Subject | $650,000* List Price | 3 | 1 | 1,183 | $483 | - |
A 323 E 102nd St. Sold | $650,000 | 4 | 2 | 1,402 | $464 | 0.3 mi |
B 222 W 87th Sold | $680,000 | 3 | 1 | 1,328 | $512 | 0.8 mi |
C 144 W 101st Street Sold | $600,000 | 3 | 1 | 1,100 | $545 | 0.6 mi |
D 124 W 99th Active | $569,000 List Price | 3 | 1 | 1,070 | $532 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1939 and sold strictly 'as-is,' this property requires substantial rehabilitation and modernization. Exterior images show significant deferred maintenance, including peeling stucco, cracked concrete with graffiti, and overgrown landscaping. The listing description explicitly identifies the home as a renovation project with dated infrastructure, indicating that major systems and interiors likely require full replacement to meet current standards.
The property sits on a generous 5,095 sq. ft. corner lot, providing enhanced curb appeal, better accessibility, and greater flexibility for future site planning.
With ample lot space and a functional layout, the property offers excellent potential for adding an ADU, expanding the existing structure, or developing a duplex to maximize rental income.
Ideally situated with convenient access to public transit, schools, and local amenities, making it a highly attractive option for both long-term residents and investors.
The property is sold strictly in as-is condition with no warranties, necessitating a buyer prepared for immediate capital investment in repairs and renovations.
Built in 1939 and featuring only one bathroom for three bedrooms, the home requires significant modernization to meet current market standards for comfort and functionality.
“AS-IS” with Strong Upside Potential! Located at 358 E. Colden Avenue, Los Angeles, CA 90003, this 3-bedroom, 1-bathroom home with a 2-car garage and spacious driveway sits on a generous 5,095 sq. ft. corner lot. The home offers 1,183 sq. ft. of living space and a functional floor plan, with room for expansion. This single-family residence presents an excellent opportunity for both homeowners and investors. The real value lies in its potential for customization—whether you’re looking to add onto the existing structure, build additional units, create an ADU, or even construct a duplex to take advantage of the growing rental market. Built in 1939, this charming single-story home is solid and ready for a transformation. Whether your goal is to renovate and flip, occupy while developing new housing to meet high demand, or create an income-generating property, this home offers great flexibility and significant profit potential. The property is ideally located with convenient access to public transit, schools, and local amenities. It’s a rare opportunity to own a corner lot of this size, with enormous growth potential. With the right upgrades or redevelopment, this property could quickly become a high-yield income asset or a major equity builder. Don’t miss your chance to unlock the full potential of this promising property in a fast-moving market. Bring your vision and make the most of this unique opportunity. The property shall be sold as is, with any and all faults, and without warranty. Seller or Seller's Broker/Agent does not guarantee accuracy of the square footage, numbers of bathroom and bathroom, lot size/dimensions, other information concerning the conditions or features of the property. Buyer is advised to verify the accuracy of all information on their own. Assessor/Title shows 3 bedrooms and 1 Bathroom.
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 | 1,183 | 1,098 | 55% |
| Lot Size | 5,097 | 5,184.5 | 40% |
| Price | $650.0K | $614.5K | 69% |
| Price per sq ft | $549 | $530 | 62% |
| Built year | 1939 | 1923 | 88% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 201 | 5% |
Mar 25, 2026
$650,000
Initial Listing