4957 W 21st, Los Angeles, California 90016, Los Angeles, 90016 - 3 bed, 2 bath
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Los Angeles, California 90016
This Value-Add Residential Asset represents a Strong Value Opportunity with a List Price of $995,000—positioned well below the $1,088,125 Fair Market Value by 8%. This valuation gap provides $93,125 in Instant Equity for buyers prepared to modernize the 1924 infrastructure. While maintaining a Condition Rating of 4, the property features a massive 7,799 Sq Ft Lot and a Private Patio, offering significant ROI through an ADU addition or expansion. Located in the Los Angeles Unified School District, this is a strategic acquisition for Fix-and-Flip Investors or Owner-Occupants seeking forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4957 W 21st Subject | $995,000* List Price | 3 | 2 | 1,539 | $707 | - |
A 2115 S Redondo Boulevard Sold | $878,000 | 3 | 1 | 1,399 | $628 | 0.4 mi |
B 2102 Hillcrest Drive Sold | $1,250,000 | 3 | 2 | 1,681 | $744 | 0.5 mi |
C 2144 Alsace Avenue Sold | $909,000 | 3 | 2 | 1,439 | $632 | 0.3 mi |
D 2435 S Dunsmuir Avenue Sold | $1,100,000 | 3 | 2 | 1,918 | $574 | 0.7 mi |
E 2413 S Victoria Avenue Pending | $850,000 List Price | 3 | 1 | 1,385 | $614 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1924 property is functional but significantly outdated, featuring a galley kitchen with older cabinetry and dated tile flooring. While the listing suggests 'solid bones' and the home is currently habitable, it shows signs of deferred maintenance and requires comprehensive cosmetic and system updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7799, living area = 1539.
The property sits on a substantial 7,799 sq ft lot, offering rare outdoor space for the area and significant potential for an ADU or future expansion.
With over 1,500 sq ft of living space, three bedrooms, two bathrooms, and an indoor laundry area, the layout provides a solid foundation for modern living.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1539, other record living area = 1899. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
The property is marketed as an investor opportunity needing a 'vision,' suggesting substantial deferred maintenance and the need for a large capital injection.
Given the 1924 construction date and the 'as-is' nature of the description, buyers should expect to update aging electrical, plumbing, and HVAC systems.
Great opportunity for investors or buyers looking to add their personal touch! This 3-bedroom, 2-bathroom home over 1500 sq ft of living space offers a functional layout featuring a spacious living room, separate dining room, and convenient indoor laundry area. The property also includes a 2-car garage and sits on a generous 7,700 sq ft lot, providing plenty of outdoor space and potential for future improvements. Ideal for an investor or a homeowner who wants to move in and upgrade the property over time. With solid bones and great potential, this home is ready for your vision to bring it to life.
No exterior & parking available.
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 | 1,539 | 1,427 | 57% |
| Lot Size | 7,799 | 5,362.5 | 93% |
| Price | $995.0K | $1.03M | 46% |
| Price per sq ft | $647 | $745 | 35% |
| Built year | 1924 | 1927 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 188 | 2% |
Mar 16, 2026
$995,000
Initial Listing
May 2, 2008
$393,754
Public Record
Dec 2, 2005
$610,000
Public Record
Mar 12, 2002
$235,000
Public Record