3868 E 1st, Los Angeles, California 90063, Los Angeles, 90063 - 2 bed, 1 bath
PENDING$360,000
3868 E 1st, Los Angeles, California 90063
2Beds
1Bath
608Sqft
2,234Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Investor Opportunity: Explicitly marketed as an 'outstanding investor opportunity' ideal for a full remodel, rebuild, or creative value-add project, attracting contractors, flippers, or long-term investors.
Top Cons:
Extensive Renovation Required: The property is 'in need of significant repairs,' indicating a substantial financial and time investment will be necessary for a full remodel or rebuild.
Compared to the nearby listings
Price:$360.0K vs avg $684.5K ($-324,500)6%
Size:608 sqft vs avg 1,014 sqft2%
Price/sqft:$592 vs avg $59948%
More Insights
Built in 1921 (104 years old).
Condition: Built in 1921, this property is explicitly marketed as a 'fixer' in need of 'significant repairs' and ideal for a 'full remodel, rebuild.' The images confirm this, showing an extremely dilapidated interior. The kitchen is severely outdated with old linoleum, damaged cabinets, and no modern appliances. The bathroom is cramped, features worn-out fixtures, and shows signs of extensive neglect. Other interior spaces have damaged walls, exposed wiring, and worn flooring, indicating major systems are likely non-functional or unsafe. The property requires substantial repairs and rehabilitation, aligning with the 'poor' condition criteria.
Year Built
1921
Close
-
List price
$360K
Original List price
$360K
Price/Sqft
$592
HOA
-
Days on market
-
Sold On
-
MLS number
RS25275205
Home ConditionPoor
Features
View-
About this home
Probate Sale (No Court Confirmation Required). Outstanding investor opportunity in the heart of East Los Angeles. This 2-bedroom, 1-bath home offers approximately 608 sq ft of living area on a 2,234 sq ft lot and is in need of significant repairs—ideal for a full remodel, rebuild, or creative value-add project. The property is centrally located with quick access to Downtown Los Angeles, major freeways, schools, and shopping. This is an affordable entry point into a rapidly improving neighborhood, perfect for contractors, flippers, or long-term investors. Do not miss this chance to transform this fixer into something special. Probate is more straightforward than many expect—contact me for details and guidance.
Condition Rating
Poor
Built in 1921, this property is explicitly marketed as a 'fixer' in need of 'significant repairs' and ideal for a 'full remodel, rebuild.' The images confirm this, showing an extremely dilapidated interior. The kitchen is severely outdated with old linoleum, damaged cabinets, and no modern appliances. The bathroom is cramped, features worn-out fixtures, and shows signs of extensive neglect. Other interior spaces have damaged walls, exposed wiring, and worn flooring, indicating major systems are likely non-functional or unsafe. The property requires substantial repairs and rehabilitation, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Investor Opportunity: Explicitly marketed as an 'outstanding investor opportunity' ideal for a full remodel, rebuild, or creative value-add project, attracting contractors, flippers, or long-term investors.
Prime Central Location: Centrally located with quick access to Downtown Los Angeles, major freeways, schools, and shopping, enhancing its appeal for future residents or tenants.
Affordable Entry Point: With a list price of $360,000, it represents an affordable entry point into the Los Angeles real estate market, especially for a single-family residence.
Streamlined Probate Sale: The probate sale does not require court confirmation, simplifying and potentially expediting the transaction process for buyers.
Neighborhood Growth Potential: Situated in a 'rapidly improving neighborhood,' suggesting potential for significant appreciation and increased property value post-renovation.
Cons
Extensive Renovation Required: The property is 'in need of significant repairs,' indicating a substantial financial and time investment will be necessary for a full remodel or rebuild.
Small Living Area: With only 608 sq ft of living space, the home is very compact, which may limit its appeal to a broader market or larger households without expansion.
Advanced Age of Property: Built in 1921, the home is over a century old, likely requiring extensive updates to plumbing, electrical, HVAC, and potentially structural components to meet modern standards.