408 E 118th, Los Angeles, California 90061, Los Angeles, 90061 - 2 bed, 1 bath
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408 E 118th
Los Angeles, California 90061
ACTIVE
CONDITION: TEAR DOWN
2Beds
1Baths
869Sq Ft
5,703Lot Size
Property Price
LIST PRICE$535,000
EST. MARKET VALUE
$478,655
11% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $550,000—positioned well above the $481,410 Fair Market Value by -14%. While the current valuation reflects a premium, the 5,703 sqft lot provides significant upside for expansion or an ADU. With a Condition Rating of 6, the structure requires comprehensive renovation, making it a strategic asset for those focused on long-term value-add. This is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking to maximize equity through development.
Estimated Market Value
$478,655
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 |
|---|---|---|---|---|---|---|
★ 408 E 118th Subject | $535,000* List Price | 2 | 1 | 869 | $551 | - |
A 123 E 108th Street Sold | $520,000 | 3 | 2 | 878 | $592 | 1.0 mi |
B 146 W 113th Street Sold | $545,000 | 2 | 1 | 858 | $635 | 0.7 mi |
C 351 E 124th Sold | $581,000 | 3 | 2 | 1,136 | $511 | 0.3 mi |
D 315 W 120th Street Sold | $450,000 | 3 | 1 | 956 | $471 | 0.7 mi |
E 329 E 109th Sold | $500,000 | 3 | 2 | 1,142 | $438 | 0.9 mi |
F 11867 S Broadway Sold | $400,000 | 2 | 1 | 684 | $585 | 0.6 mi |
G 11720 S San Pedro Active | $480,000 List Price | 2 | 1 | 872 | $550 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1941 (80+ years old) with no recorded renovations, this property exceeds the 50-year threshold for its original systems. The listing's emphasis on 'sold in its present condition' and 'investor opportunity' for expansion suggests the value is primarily in the land and the structure requires total replacement or extreme rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The generous 5,703 sqft lot offers significant opportunity for expansion or the addition of an ADU, providing a clear path to increase both rental income and overall property value.
- Strategic Commuter Location
Centrally positioned with easy freeway access, the property offers convenient commutes to Downtown LA, the South Bay, and major entertainment hubs in Inglewood.
- Investment Value
Priced competitively for the Los Angeles market, this property serves as an ideal entry-level asset for investors or families looking to build equity through renovation.
CONSRISKS & DEFICIENCIES
- Limited Living Area
With only 869 square feet of living space, the current 2-bedroom, 1-bathroom footprint is relatively small and may require immediate expansion to suit modern family needs.
- As-Is Condition
The property is sold in its present condition, which likely necessitates additional capital investment for repairs, modernization, and deferred maintenance.
About 408 E 118th
Very motivated to sell this one quickly. Excellent opportunity with strong potential for a family to expand or an investor to add value and rental income through expansion or an ADU. Conveniently located near shopping, schools, and transportation with easy freeway access. Centrally positioned for commuting to the South Bay, Downtown LA, and East County, plus nearby entertainment and sports venues including Inglewood and Downtown LA. Buyer to perform own due diligence; property sold in its present condition.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1941
- Lot Size
- 5,703 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 | 869 | 1,664.159 |
| Lot Size | 5,703 | 6,066.556 |
| Price | $535.0K | $1.35M |
| Price per sq ft | $616 | $806 |
| Built year | 1941 | 1939 |
| HOA | $0 | $278 |
| Days on market | 33 | 55 |
Pricing History
Listed for Sale
Aug 19, 2026
$535,000
$550,000
-3% Price Drop
Initial Listing
Price Change
Aug 7, 2026
$550,000
Initial Listing
Sold
Aug 29, 1988
$29,000
Public Record