537 W 98th Street, Los Angeles, California 90044, Los Angeles, 90044 - 2 bed, 1 bath
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537 W 98th Street
Los Angeles, California 90044
ACTIVE
CONDITION: FAIR
2Beds
1Baths
965Sq Ft
5,400Lot Size
Property Price
LIST PRICE$599,000
EST. MARKET VALUE
$582,260
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $599,000—positioned slightly above the $582,260 Fair Market Value. While the price reflects current market stability, the 5,400-square-foot lot and Condition Rating of 4 highlight significant value-add potential through modernization. The home features solar panels and updated windows, providing a solid foundation for upgrades. Located near Charles W. Barrett Elementary, this asset is well-suited for Buy-and-Hold Investors or first-time buyers looking to build long-term equity through strategic renovations.
Estimated Market Value
$582,260
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 537 W 98th Street Subject 2 bd · 1 ba · 965 sqft · $603 | $599,000* List Price | 2 | 1 | 965 | $603 | - |
A 723 104th Place Sold 2 bd · 1 ba · 850 sqft · $529 · 0.5 mi | $450,000 | 2 | 1 | 850 | $529 | 0.5 mi |
B 818 W 104th Sold 3 bd · 1 ba · 1,025 sqft · $537 · 0.6 mi | $550,000 | 3 | 1 | 1,025 | $537 | 0.6 mi |
C 524 W 91st Street Sold 3 bd · 2 ba · 1,107 sqft · $444 · 0.4 mi | $491,500 | 3 | 2 | 1,107 | $444 | 0.4 mi |
D 533 W 95th Street Sold 3 bd · 1 ba · 1,221 sqft · $491 · 0.2 mi | $600,000 | 3 | 1 | 1,221 | $491 | 0.2 mi |
E 753 W 104th Street Sold 2 bd · 1 ba · 971 sqft · $649 · 0.4 mi | $630,000 | 2 | 1 | 971 | $649 | 0.4 mi |
F 611 W 109th Street Sold 2 bd · 1 ba · 1,150 sqft · $435 · 0.7 mi | $500,000 | 2 | 1 | 1,150 | $435 | 0.7 mi |
G 1145 W 89th Street Sold 2 bd · 1 ba · 1,100 sqft · $523 · 0.9 mi | $575,000 | 2 | 1 | 1,100 | $523 | 0.9 mi |
H 9819 S Hoover Street Active 2 bd · 1 ba · 978 sqft · $562 · 0.2 mi | $549,999 List Price | 2 | 1 | 978 | $562 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1941, the property shows good curb appeal with solar panels and updated windows, but the listing's emphasis on 'potential' and 'investment' suggests the kitchen, bath, and internal systems are likely dated (>20 years) and require modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Middle College High School (9/10).
- Investment Potential
Priced competitively under $600,000 in the Los Angeles market, this property serves as an ideal entry-level opportunity for first-time buyers or investors seeking long-term value appreciation.
- Generous Lot Size
The 5,400-square-foot lot offers significant outdoor space, providing ample room for landscaping, entertaining, or the potential addition of an Accessory Dwelling Unit (ADU).
CONSRISKS & DEFICIENCIES
- Limited Living Space
With only 965 square feet of living area and a single bathroom, the home's compact footprint may be restrictive for growing families or those requiring modern amenities.
- Dated Infrastructure
Built in 1941 and marketed for its 'potential,' the property likely requires significant updates to its systems and finishes to meet contemporary standards and efficiency.
About 537 W 98th Street
Welcome to 537 W 98th Street, where potential is paramount! Whether you're a first-time buyer or looking to invest, this home offers comfort, convenience, and long-term value!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1941
- Lot Size
- 5,400 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Charles W. Barrett Elementary School
Grades K-5 • 0.2 mi
4/10
Ninety-Fifth Street Elementary School
Grades K-5 • 0.7 mi
3/10
Dr. Owen Lloyd Knox Elementary School
Grades K-6 • 0.8 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 965 | 1,670.836 |
| Lot Size | 5,400 | 6,152.156 |
| Price | $599.0K | $1.34M |
| Price per sq ft | $621 | $807 |
| Built year | 1941 | 1941 |
| HOA | $0 | $238 |
| Days on market | 13 | 56 |
Pricing History
Listed for Sale
Oct 27, 2026
$599,000
Initial Listing
Sold
Oct 30, 2001
$133,000
Public Record
Sold
Jan 2, 1996
$97,000
Public Record