5301 Huntington N Drive, Los Angeles, California 90032, Los Angeles, 90032 - 2 bed, 1 bath
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Los Angeles, California 90032
This Value-Add Residential Asset presents a High-Potential Investment Opportunity with a List Price of $700,000. While currently positioned above the $648,264 Fair Market Value, the property’s primary value is anchored in its 6,056 sqft lot and Condition Rating of 5, offering a "blank canvas" for extensive development. The expansive lot size provides significant upside for ADU expansion or multi-unit construction to drive forced appreciation. Located near major freeways in the Los Angeles Unified School District, this project is a high-reward acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5301 Huntington N Drive Subject | $700,000* List Price | 2 | 1 | 850 | $763 | - |
A 3233 Dorchester Avenue Sold | $575,000 | 2 | 1 | 764 | $753 | 0.5 mi |
B 3300 Thelma Avenue Sold | $660,000 | 2 | 1 | 960 | $688 | 0.9 mi |
C 4211 Lowell Avenue Sold | $760,000 | 3 | 1 | 935 | $813 | 0.3 mi |
D 5262 Remstoy Drive Active | $600,000 List Price | 2 | 1 | 840 | $714 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1920, this property is explicitly described as a 'blank canvas' requiring 'extensive renovation.' The images confirm this, showing boarded-up windows, 'CLOSED TO THE PUBLIC' signs, and an interior with severely dated and damaged finishes, including peeling paint, old vinyl flooring, and a bathroom with missing tiles and exposed plumbing. The property is currently unlivable and requires substantial repairs and rehabilitation to meet modern standards.
The generous 6,056 sqft lot offers ample space for expansion, building an ADU, or even multiple units, presenting a strong opportunity to maximize return on investment.
Situated in a well-established community within Los Angeles, providing convenient access to local shops, restaurants, and parks.
Proximity to major freeways ensures easy and efficient travel, connecting residents to the wider Los Angeles area.
Built in 1920 and presented as a 'blank canvas,' the property will require significant investment and effort for modernization and upgrades to meet contemporary standards.
The home offers a modest 2 bedrooms and 1 bathroom across 850 sqft, which may be restrictive for larger families or those desiring more spacious living arrangements.
The property description suggests a basic, older home without mention of modern amenities, updated systems, or desirable features, indicating a need for comprehensive improvements.
This 2-bedroom, 1-bath home is a diamond in the rough, a perfect canvas for investor or savvy buyer looking to unlock its true potential. The property offers a cozy kitchen with a side door for easy yard access both front and back. As you enter through the main front door your greeted with a living space and dining open area. Steps away you have both bedrooms and bathroom .It's a blank canvas for you to transform into a modern and comfortable space. One of the most exciting aspects of this property is the generous lot size. It provides ample space for expansion or development. Investors, in particular, will appreciate the potential for building an ADU or even multiple units, making it an excellent opportunity to maximize your return on investment. You'll enjoy the benefits of a well-established community with easy access to shops, restaurants, and parks. The proximity to major freeways ensures that you're well-connected to the rest of Los Angeles.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 34% |
| Baths | 1.0 | 2.0 | 36% |
| Square foot | 850 | 1,223 | 14% |
| Lot Size | 6,056 | 5,427.5 | 61% |
| Price | $700.0K | $862.5K | 19% |
| Price per sq ft | $824 | $698 | 80% |
| Built year | 1920 | 1942 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 917 | 180 | 0% |
Oct 18, 2023
$700,000
Initial Listing