4010 Wall, Los Angeles, California 90011, Los Angeles, 90011 - 2 bed, 1 bath
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Los Angeles, California 90011
This Residential Development Asset represents a land-value acquisition in Los Angeles. Listed at $500,000, the property is positioned above its $381,608 Fair Market Value, reflecting the premium on its 4,275 sqft lot and redevelopment upside. With a Condition Rating of 6, the 1905 structure is unlivable, offering a blank canvas for developers near Trinity Street Elementary and Ricardo Lizarraga Elementary. Situated in the Los Angeles Unified district, this project requires court confirmation and is ideal for Fix-and-Flip Investors or Contractors seeking to build equity through total reconstruction.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4010 Wall Subject | $500,000* List Price | 2 | 1 | 1,008 | $379 | - |
A 244 E 43rd Place Sold | $545,000 | 2 | 1 | 1,040 | $524 | 0.4 mi |
B 120 E 47th Sold | $551,000 | 3 | 1 | 1,120 | $492 | 0.7 mi |
C 317 E 42nd Pl Sold | $550,000 | 3 | 1 | 1,242 | $443 | 0.3 mi |
D 956 E 33rd Street Active | $525,000 List Price | 3 | 1 | 1,046 | $502 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1905 with no evidence of renovation, this property is in unlivable condition. The exterior shows rotting wood and peeling paint, while the interior features a dilapidated kitchen with broken cabinetry, severe grime, and outdated systems. The listing explicitly targets developers and investors, indicating the value is primarily in the land.
Priced at $500,000, this property offers a rare entry-level price point in the Los Angeles market, specifically positioned as an ideal project for developers or investors seeking a high-potential value-add.
The 4,275 square foot lot provides significant room for expansion or the addition of an Accessory Dwelling Unit (ADU), allowing owners to maximize the property's density and rental income potential.
The residence is situated within close proximity to numerous schools, including Trinity Street Elementary and Ricardo Lizarraga Elementary, both located less than 0.2 miles away.
The requirement for court confirmation adds a layer of legal complexity and potential delays to the transaction, which may be a deterrent for buyers seeking a standard or expedited escrow.
Built in 1905, the property likely requires extensive structural and cosmetic updates to meet modern standards, necessitating a substantial capital reserve for renovations beyond the purchase price.
Perfect property for developers or investors. Submit offer now. Court confirmation will be required.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.2 mi
Grades K-1 • 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 | 1.0 | 50% |
| Square foot | 1,008 | 1,162.5 | 31% |
| Lot Size | 4,275 | 4,433.5 | 41% |
| Price | $500.0K | $550.5K | 31% |
| Price per sq ft | $496 | $494 | 50% |
| Built year | 1905 | 1909 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 74 | 212 | 9% |
Feb 16, 2026
$500,000
Initial Listing