377 Clela Avenue, Los Angeles, California 90022, Los Angeles, 90022 - 2 bed, 1 bath
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377 Clela Avenue
Los Angeles, California 90022
ACTIVE UNDER CONTRACT
CONDITION: FAIR
2Beds
1Baths
1,044Sq Ft
4,832Lot Size
Property Price
LIST PRICE$612,000
EST. MARKET VALUE
$649,808
5% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $612,000—positioned well below the $656,694 Fair Market Value by 6%. This valuation gap offers $44,694 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home includes a private patio and an oversized garage with significant ADU conversion potential. While the structure requires modernization, its eligibility for conventional financing makes it an accessible value-add asset for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term wealth.
Estimated Market Value
$649,808+$37,808 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 377 Clela Avenue Subject 2 bd · 1 ba · 1,044 sqft · $622 | $612,000* List Price | 2 | 1 | 1,044 | $622 | - |
A 946 S Vancouver Avenue Sold 3 bd · 1 ba · 880 sqft · $761 · 0.8 mi | $670,000 | 3 | 1 | 880 | $761 | 0.8 mi |
B 407 S Vancouver Avenue Sold 4 bd · 2 ba · 1,328 sqft · $512 · 0.1 mi | $680,000 | 4 | 2 | 1,328 | $512 | 0.1 mi |
C 4820 Eagle Street Sold 3 bd · 2 ba · 1,188 sqft · $606 · 0.3 mi | $720,000 | 3 | 2 | 1,188 | $606 | 0.3 mi |
D 293 Blackshear Avenue Sold 2 bd · 2 ba · 1,048 sqft · $477 · 0.7 mi | $500,000 | 2 | 2 | 1,048 | $477 | 0.7 mi |
E 742 Belden Avenue Sold 4 bd · 2 ba · 1,295 sqft · $541 · 0.8 mi | $700,000 | 4 | 2 | 1,295 | $541 | 0.8 mi |
F 147 S Bleakwood Avenue Sold 3 bd · 2 ba · 1,429 sqft · $539 · 0.4 mi | $770,000 | 3 | 2 | 1,429 | $539 | 0.4 mi |
G 671 S Hillview Active Under Contract 2 bd · 1 ba · 1,229 sqft · $476 · 0.6 mi | $585,000 List Price | 2 | 1 | 1,229 | $476 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1928, this home is significantly dated but remains functional and qualifies for conventional financing. While it features updated windows from approximately 4 years ago, the kitchen cabinetry, flooring, and interior finishes are well beyond the 20-30 year mark and require modernization. The exterior garage shows signs of neglect, though the main structure appears move-in ready for a buyer willing to perform cosmetic and system updates.
PROSSTRENGTHS & OPPORTUNITIES
- ADU Development Potential
The oversized garage presents a prime opportunity for an Accessory Dwelling Unit (ADU) conversion, offering buyers a path to generate rental income or increase total living square footage.
- Financing Accessibility
Despite being noted as a slight fixer, the property qualifies for conventional financing, making it accessible to a wider range of traditional buyers rather than being limited to cash investors.
- Recent Energy Upgrades
The property features windows that were updated approximately four years ago, providing improved energy efficiency and reducing immediate capital expenditure for the new owner.
CONSRISKS & DEFICIENCIES
- Complex Sale Process
As a conservatorship sale subject to court confirmation, the transaction involves a more rigid and potentially lengthy closing timeline compared to a standard residential sale.
- Deferred Maintenance
The home is identified as a 'slight fixer,' indicating that immediate investment in repairs and modernization will be necessary to bring the 1928 structure up to current market standards.
About 377 Clela Avenue
Located in East Los Angeles, this property offers an exciting opportunity for buyers looking for a home with additional potential. This single family home features 2 bedrooms, 1 bathroom, and approximately 1,044 square feet of living space. The property is a slight fixer and features updated windows approximately 4 years ago, along with an oversized garage offering potential for ADU conversion. This property could be an excellent fit for buyers looking to personalize a home or explore additional space and investment potential. The property qualifies for conventional financing. This is a conservatorship sale subject to court confirmation.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1928
- Lot Size
- 4,832 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
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 | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,044 | 1,670.836 |
| Lot Size | 4,832 | 6,152.156 |
| Price | $612.0K | $1.34M |
| Price per sq ft | $586 | $807 |
| Built year | 1928 | 1941 |
| HOA | $0 | $238 |
| Days on market | 61 | 56 |
Pricing History
Listed for Sale
Sep 9, 2026
$612,000
Initial Listing