
Los Angeles, California 90011
This redevelopment asset presents a Strong Value Opportunity with a List Price of $500,000—positioned well below the $528,215 Fair Market Value by 5%. This valuation gap offers $28,215 in Instant Equity for buyers ready to capitalize on the 1,444 sqft footprint and 4,795 sqft lot. With a Condition Rating of 5, the property requires substantial rehabilitation but offers significant ROI through duplex conversion or ADU addition. Located minutes from USC and BMO Stadium, this is a strategic acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3611 Adair Subject | $500,000* List Price | 2 | 1 | 1,444 | $366 | - |
A 160 E 36 Street Sold | $580,000 | 4 | 2 | 1,300 | $446 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1901 and sold in 'as-is' condition with no repairs, this property requires substantial rehabilitation. The listing emphasizes investment potential and redevelopment (ADU/duplex conversion) rather than current livability, indicating that major systems such as plumbing, electrical, and foundation likely require extensive updates to meet modern safety and building codes.
The property offers significant investment upside with the potential to convert the existing structure into a duplex or add an Accessory Dwelling Unit (ADU) on the 4,795 sqft lot.
Situated just minutes from USC and BMO Stadium, the property is in a high-demand area for rental income and future resale value.
With 1,444 sqft of interior space for a 2-bedroom home, the layout provides a spacious footprint that is larger than many comparable homes in the area.
The property is being sold in as-is condition with no seller repairs, requiring the buyer to factor in significant renovation and modernization costs.
Built in 1901, the home likely requires extensive updates to major systems such as plumbing, electrical, and foundation to meet modern building codes.
Investment Opportunity in Prime Location! This charming 2-bedroom, 1-bathroom home boasts 1,444 sqft of potential on a spacious 4,795 sqft lot. Perfect for investors, this property is being sold as-is, with no repairs to be made by the seller. Unlock the possibilities for converting it into a duplex, adding an Accessory Dwelling Unit (ADU), or both— the choice is yours! Located just minutes from BMO Stadium and USC, this property offers an unbeatable location for rental income or future resale. Buyer and agent are encouraged to conduct their own due diligence with building and safety. Don't miss out on this fantastic opportunity!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-1 • 0.2 mi
Grades K-5 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 38% |
| Baths | 1.0 | 1.5 | 50% |
| Square foot | 1,444 | 1,162.5 | 78% |
| Lot Size | 4,795 | 4,568.5 | 53% |
| Price | $500.0K | $553.0K | 31% |
| Price per sq ft | $346 | $501 | 13% |
| Built year | 1901 | 1909 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 208 | 3% |
Mar 11, 2026
$500,000
Initial Listing
Nov 4, 1994
$105,000
Public Record