416 E 31st Street, Los Angeles, California 90011, Los Angeles, 90011 - 3 bed, 1 bath
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Los Angeles, California 90011
This property presents a High-Potential Investment Opportunity with a List Price of $690,000—positioned well below the $642,684 Fair Market Value by -7%. Featuring LARD1.5 Zoning and a 5,002 sqft lot, this asset offers significant ADU development potential. While the home maintains a Condition Rating of 4, its central location near USC and major freeways ensures strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers looking to leverage value-add renovations in a high-growth urban market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 416 E 31st Street Subject | $690,000* List Price | 3 | 1 | 1,020 | $625 | - |
A 430 E 30th Street Sold | $710,000 | 2 | 2 | 1,131 | $628 | 0.1 mi |
B 807 E 20th Sold | $625,000 | 3 | 2 | 1,296 | $482 | 0.8 mi |
C 956 E 33rd Street Active | $525,000 List Price | 3 | 1 | 1,046 | $502 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1906, the home features a kitchen and interior finishes that appear to be from a renovation performed over 20 years ago. While the property is functional and well-maintained, the 'as-is' listing status and dated aesthetics in the kitchen and living areas indicate a need for modernization and minor repairs.
Zoned LARD1.5 on a 5,002 sqft lot, this property offers significant upside for investors or homeowners looking to build an ADU or develop additional units in a high-demand Los Angeles submarket.
Ideally situated within minutes of USC, Downtown LA, and the Fashion District, with immediate access to the 10 and 110 freeways, making it a highly desirable location for commuters and students.
The property features a spacious, fenced backyard with a covered patio and a mature avocado tree, providing a rare private outdoor retreat for entertaining in an urban environment.
Built in 1906 and sold in 'as-is' condition, the home likely requires substantial capital expenditure for modernization, repairs, and structural updates to meet current building standards.
The 3-bedroom, 1-bathroom configuration is a drawback for modern families and may limit rental appeal or necessitate a layout reconfiguration to add a second bathroom.
AMANZING OPPORTUNITY TO OWN IN THE CITY OF LOS ANGELES. LARGE HOME THAT OFFERS 3 BEDROOM, ONE BATH, SPACIOUS LIVING ROOM, FORMAL DINING ROOM AREA. THIS PROPERTY IS GOOD FOR FIRST TIME HOME BUYER OR INVESTOR. EXCELLENT OPPORTUNITY TO BUILD ADU DEVELOPMENT OPPORTUNITY, ZONED LARD1.5. ENJOY THE OUTDOORS IN YOUR FENCED IN BACKYARD WITH COVERED PATIO IS PERFECT FOR ENTERTAINENG OR HOSTING BBQ GATHERING. ENDLESS POSSIBILITIES FOR ADDING MORE LIVING SPACE. AVOCADO TREE THAT PROVIDES EXTRA SHADE AND AVOCADOS ALL YEAR LONG. GOOD LOCATION WITH 10 FWY AND 110 FWY NEARBY. AND WITHIN MINUTES TO USC, DOWNTOWN LA, FASHION DISTRICT, RESTAURANTS & SHOPS. SOLD AS IS CONDITION.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-1 • 0.3 mi
Grades K-5 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,020 | 1,672 |
| Lot Size | 5,002 | 6,067 |
| Price | $690.0K | $1.37M |
| Price per sq ft | $676 | $801 |
| Built year | 1906 | 1939 |
| HOA | $0 | $348 |
| Days on market | 100 | 56 |
May 28, 2026
$690,000
$720,000
-4% Price Drop
Initial Listing
Apr 13, 2026
$720,000
Initial Listing
Sep 30, 2011
$186,000
Public Record
Jun 26, 2007
$405,000
Public Record
Mar 13, 1998
$80,000
Public Record