
Los Angeles, California 90063
This property represents a High-Potential Investment Opportunity, listed at a List Price of $670,000—positioned above the $633,380 Fair Market Value. While the property currently trades at a premium, the R2 Zoning on a 6,513 sqft lot provides significant long-term upside for development. With a Condition Rating of 4, the 1922 structure requires modernization, yet its prime walkability to schools and transit ensures consistent demand. This asset is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants focused on future expansion and value-add potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4160 Folsom Street Subject | $670,000* List Price | 2 | 1 | 786 | $806 | - |
A 1156 N Hicks Sold | $675,000 | 2 | 1 | 788 | $857 | 1.0 mi |
B 3970 Strang Street Sold | $590,730 | 2 | 1 | 864 | $684 | 1.0 mi |
C 4253 Eugene Sold | $660,000 | 3 | 2 | 816 | $809 | 0.5 mi |
D 1412 Wybro Way Sold | $820,000 | 2 | 1 | 956 | $858 | 0.8 mi |
E 1369 Volney Active | $720,000 List Price | 2 | 1 | 754 | $955 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1922, the property is over 100 years old. While the interior laundry area appears clean and functional with some past updates to cabinetry, the overall age and the listing's emphasis on 'development potential' and 'R2 zoning' suggest that the primary systems and structure are dated and will require modernization or repairs to meet current standards.
The R2 zoning on a generous 6,513 sqft lot offers significant value for investors or homeowners looking to build a second unit or duplex in a high-demand area.
Ideally situated within walking distance to local schools, shopping, and dining, providing high convenience and strong urban appeal for residents.
A recent price reduction and 63 days on market indicate a motivated seller, providing an opportunity for buyers to negotiate a competitive entry point.
With only 786 square feet of living space, the home's small footprint may be restrictive for families or those seeking modern interior spaciousness.
Built in 1922, the property likely requires significant updates to its century-old systems and structure to meet contemporary building standards.
" Price Reduction " Don't miss this excellent opportunity to own a charming 2 bedroom, 1 bath home on an R2 zoned lot in Los Angeles. Perfect for homeowners , investors, or buying seeking future development potential. The property features a comfortable layout and is ideally located within walking distance of schools, neighborhood stores,shopping, dinning, and everyday conveniences. Easy access to major streets and public transportation adds to the property's appeal
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 786 | 1,664.159 |
| Lot Size | 6,513 | 6,066.556 |
| Price | $670.0K | $1.35M |
| Price per sq ft | $852 | $806 |
| Built year | 1922 | 1939 |
| HOA | $0 | $278 |
| Days on market | 89 | 55 |
Aug 14, 2026
$670,000
$690,000
-3% Price Drop
Initial Listing
Jun 12, 2026
$690,000
Initial Listing