4878 W 140th Street, Hawthorne, California 90250, Hawthorne, 90250 - 3 bed, 2 bath
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Hawthorne, California 90250
This Development-Ready Corner Lot is a strategic Value-Add Asset listed at $1,399,000, with a $1,157,320 Fair Market Value reflecting its current "work in progress" status. Holding a Condition Rating of 3, the property features a newly remodeled interior and an expansive 8,956 Sq. Ft. Lot with significant subdivision potential. Boasting a rare 5-Car Garage Capacity and proximity to top-rated schools like Richard Henry Dana Middle School (9/10) and Peter Burnett Elementary (8/10), the site offers immense upside for forced appreciation. This acquisition is ideal for Fix-and-Flip Investors or Developers seeking high-utilization residential projects.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4878 W 140th Street Subject | $1,299,000* List Price | 3 | 2 | 1,000 | $1,122 | - |
A 5004 W 138th Sold | $1,050,000 | 3 | 2 | 1,023 | $1,026 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property features a newly remodeled interior with a modern kitchen including new cabinetry and appliances, updated bathrooms with contemporary tile work, and new flooring throughout. While the interior components are in excellent condition, the overall property is currently a 'work in progress' with an unfinished exterior, dirt yard, and a detached garage that requires refreshing, which prevents it from achieving an 'excellent' rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8956, living area = 1000.
Middle School: Richard Henry Dana Middle School (9/10).
The expansive 9,000 sq. ft. corner lot offers significant upside with the potential to split the parcel, providing a rare opportunity for developers or investors to maximize the property's value.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Marketed as a 'work in progress,' the property requires additional capital and effort to refresh the large garage and finalize the site's full potential.
The viability of the lot split is not guaranteed and requires buyer verification with the County of LA, posing a risk to the projected ROI if the split is denied.
Work in progress with tremendous upside . This newly remodeled 3 bed 2 bath with approx. 1400 sq ft sits on a 9000 sq ft corner lot that may be possible to split into a separate lot. Buyer to verify with County of LA on the viability of splitting the lot. there is a 4 car garage on the back of the lot that needs refreshing and there is a attached one car garage currently
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades 3-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,000 | 1,349 | 18% |
| Lot Size | 8,956 | 5,502 | 91% |
| Price | $1.30M | $850.0K | 79% |
| Price per sq ft | $1.3K | $679 | 99% |
| Built year | 1940 | 1950 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 43 | 168 | 4% |
Mar 26, 2026
$1,299,000
$1,399,000
-7% Price Drop
Initial Listing
Mar 10, 2026
$1,399,000
Initial Listing
Jan 3, 2025
$750,000
Public Record