422 E 138th, Los Angeles, California 90061, Los Angeles, 90061 - 2 bed, 1 bath
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Los Angeles, California 90061
This property presents a High-Potential Investment Opportunity with a List Price of $550,000—positioned well below the $538,980 Fair Market Value by -2%. While the property requires a comprehensive overhaul due to its Condition Rating of 5, the 3-bedroom, 2-bath layout and converted garage offer significant functional upside. The probate status requires court confirmation, making this a strategic acquisition for Fix-and-Flip Investors or Contractors capable of navigating the legal process to unlock the value of this 5,312 square foot lot.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 422 E 138th Subject | $550,000* List Price | 2 | 1 | 1,326 | $406 | - |
A 417 E 140th Sold | $575,000 | 4 | 2 | 1,392 | $413 | 0.1 mi |
B 351 E 124th Sold | $581,000 | 3 | 2 | 1,136 | $511 | 1.0 mi |
C 118 E 137th Street Sold | $655,000 | 3 | 2 | 1,644 | $398 | 0.4 mi |
D 451 E 124th Active | $630,000 List Price | 2 | 1 | 1,357 | $464 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1949 with no evidence of renovation, this property exceeds the 30-year threshold for a major rehab. Interior images show significant deferred maintenance, including worn carpeting and dated finishes. As a probate listing with a garage conversion and discrepancies in the official room count, it requires a complete overhaul of systems and cosmetics to be move-in ready.
The property offers more functional space than tax records suggest, featuring a 3-bedroom, 2-bath configuration and a garage converted into a spacious family room.
Listed at $550,000, this property represents a highly accessible price point for a single-family residence within the Los Angeles market, appealing to both first-time buyers and investors.
The 5,312 square foot lot provides significant outdoor utility and privacy, offering more land area than many comparable urban listings in the immediate area.
Being a probate listing subject to court confirmation, the purchase process may be subject to longer timelines and specific legal requirements that differ from standard transactions.
The inconsistency between the physical 3-bedroom, 2-bath layout and the 2-bedroom, 1-bath tax record, alongside the garage conversion, may present challenges for appraisal and traditional financing.
THIS A PROBATE LISTING, SUBJECT TO COURT CONFIRMATION. TAX ROLL SHOWS 2 BEDROOMS, 1 BATH, BUT IT'S 3 BEDROOMS AND 2 BATHS. BUYER TO CONDUCT THEIR OWN DILIGENCE. THE GARAGE HAS BEEN CONVERTED TO A FAMILY ROOM.
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 | 1,326 | 1,672 |
| Lot Size | 5,312 | 6,067 |
| Price | $550.0K | $1.37M |
| Price per sq ft | $415 | $801 |
| Built year | 1949 | 1939 |
| HOA | $0 | $348 |
| Days on market | 16 | 56 |
Jul 6, 2026
$550,000
Initial Listing