
Los Angeles, California 90016
This property presents a High-Potential Investment Opportunity with a List Price of $875,000—positioned well below the $802,392 Fair Market Value by -9%. While the property requires significant capital for its Condition Rating of 5, the LAR3-zoned lot offers substantial redevelopment upside in a high-demand rental corridor. Proximity to the Expo/Crenshaw Metro station ensures long-term transit-oriented appeal. This Duplex Asset is an ideal acquisition for Buy-and-Hold Investors or Developers seeking to leverage density potential in the evolving West Adams market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3815 Exposition Boulevard Subject 0 bd · 0 ba · 1,519 sqft · $528 | $875,000* List Price | 0 | 0 | 1,519 | $528 | - |
A 2829 S Rimpau Active 5 bd · 2 ba · 1,708 sqft · $526 · 0.8 mi | $899,000 List Price | 5 | 2 | 1,708 | $526 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1942 (84 years old), this property is explicitly marketed as a 'fixer-upper' where both units require repairs. The listing emphasizes redevelopment potential and LAR3 zoning, indicating the structure has significant deferred maintenance and requires a full rehab to meet modern standards.
The LAR3-zoned lot provides significant upside for investors and developers to increase density or redevelop the site in a high-demand rental market.
Ideally situated near the Expo/Crenshaw Metro station, the property offers excellent connectivity to the E and K Lines, linking residents to USC, Culver City, and Downtown Santa Monica.
Located in the rapidly appreciating West Adams area, the property stands to benefit from the planned Crenshaw Crossing mixed-use development and a vibrant local culinary scene.
Both units are in fixer-upper condition and sold 'as-is,' requiring a substantial capital injection for repairs and modernization to reach market potential.
The property is served by several schools with low performance ratings, which may deter family-oriented tenants or buyers and impact long-term resale value.
Opportunity awaits at 3815 Exposition Boulevard in the vibrant West Adams area. This two-unit fixer-upper on an LAR3-zoned lot presents an opportunity for investors, developers, and buyers looking to renovate and create value in a high-demand rental area. Reimagine the existing residences or explore redevelopment potential, subject to verification of zoning, applicable incentives, and city approvals. Conveniently located near the Expo/Crenshaw Metro station, the property offers access to E Line service connecting USC, Culver City, and Downtown Santa Monica, with transfers to the K Line. Enjoy convenient access to the restaurants, cafés, and neighborhood dining destinations that contribute to West Adams’ lively atmosphere. Recent city sidewalk repairs enhance the immediate surroundings, while the planned Crenshaw Crossing mixed-use development and planned improvements at the Expo/Crenshaw transit hub add to the area’s investment story. With renovation potential, transit access, and neighborhood amenities, this property offers several possibilities for its next owner. Both units require repairs. The property is being sold in its present as-is condition, and the seller will make no repairs. Buyers to verify all development possibilities and property information.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 1,519 | 2,090.331 |
| Lot Size | 5,373 | 5,852.908 |
| Price | $875.0K | $830.9K |
| Price per sq ft | $576 | $394 |
| Built year | 1942 | 1928 |
| HOA | $0 | $0 |
| Days on market | 21 | 87 |
Oct 19, 2026
$875,000
Initial Listing
Aug 31, 2017
$675,000
Public Record
Jun 29, 2005
$525,000
Public Record
Sep 10, 2004
$345,000
Public Record