5310 Fernfield Drive, Los Angeles, California 90022, Los Angeles, 90022 - 2 bed, 1 bath
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Los Angeles, California 90022
This property presents a High-Potential Investment Opportunity with a List Price of $599,000—positioned well below the $613,781 Fair Market Value by 2%. This valuation gap offers $14,781 in Instant Equity for buyers. With a Condition Rating of 5, the home requires renovation, but the 7,948 sqft lot provides significant upside for expansion or an ADU. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value through targeted improvements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5310 Fernfield Drive Subject | $599,000* List Price | 2 | 1 | 768 | $799 | - |
A 4612 E 2nd Sold | $665,000 | 2 | 1 | 857 | $776 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1957 (67 years old) with no recorded major renovations; listing notes it needs 'TLC' and offers 'upside potential,' suggesting dated systems and a need for significant rehabilitation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7948, living area = 768.
At nearly 8,000 sqft, the lot is exceptionally large for the East Los Angeles area, offering significant potential for an ADU, home expansion, or extensive outdoor development.
The property is positioned as a prime 'fixer' opportunity, allowing investors or owner-users to build immediate equity through renovations and personalized upgrades.
With only 768 square feet of interior space, the home's footprint is quite small, which may be a constraint for growing families or those needing more functional room.
The property is noted as needing 'TLC,' implying that buyers will need to allocate additional capital for repairs and modernization immediately after purchase.
Great opportunity in the heart of Los Angeles! Situated on a generously sized lot, especially notable for the East LA area where many lots tend to be smaller, this property offers valuable outdoor space and plenty of potential. The home features comfortable interior living areas, good natural light, wood-style flooring in portions of the home, tile flooring in the bathroom, and a functional layout with room to personalize. The covered rear patio and spacious lot provide added flexibility for outdoor entertaining, storage, parking, gardening, or future improvement possibilities. The property could benefit from some TLC, making it a great option for buyers looking to customize, improve, or add value over time. Currently tenant occupied, but will be delivered vacant at close of escrow. Conveniently located near major freeways, shopping, dining, schools, and everyday amenities. A solid opportunity for an owner-user or investor seeking upside potential in a well-located Los Angeles neighborhood.
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 | 768 | 1,672 |
| Lot Size | 7,948 | 6,067 |
| Price | $599.0K | $1.37M |
| Price per sq ft | $780 | $801 |
| Built year | 1957 | 1939 |
| HOA | $0 | $348 |
| Days on market | 15 | 56 |
Jul 7, 2026
$599,000
Initial Listing