5577 W 82nd Street, Los Angeles, California 90045, Los Angeles, 90045 - 3 bed, 2 bath
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5577 W 82nd Street
Los Angeles, California 90045
ACTIVE UNDER CONTRACT
CONDITION: POOR
3Beds
2Baths
1,487Sq Ft
5,564Lot Size
Property Price
LIST PRICE$956,000
EST. MARKET VALUE
$993,857
3% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $895,000—positioned well below the $919,000 Fair Market Value by 2%. This valuation gap offers $24,000 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home includes a new 2023 roof and a versatile 20'x26' detached garage ideal for an ADU conversion. Located near top-rated schools like Center Street Elementary, this is a value-add acquisition perfect for Fix-and-Flip Investors or Contractors seeking significant upside.
Estimated Market Value
$993,857+$37,857 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 5577 W 82nd Street Subject | $956,000* List Price | 3 | 2 | 1,487 | $668 | - |
A 5849 W 76th Street Sold | $1,240,000 | 4 | 2 | 1,812 | $684 | 0.7 mi |
B 8843 De Haviland Sold | $880,000 | 2 | 1 | 1,106 | $796 | 1.0 mi |
C 5754 W 74th Street Sold | $1,225,000 | 4 | 2 | 1,686 | $727 | 0.6 mi |
D 8331 Kittyhawk Avenue Active Under Contract | $1,029,500 List Price | 4 | 2 | 1,612 | $639 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1950 and sold as-is via probate auction, the property is explicitly marketed as a remodel opportunity. While a new roof was installed in 2023, the interior remains significantly dated with 30-50+ year old finishes, including vintage appliances, unfinished wall surfaces, and aged cabinetry requiring a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Center Street Elementary (9/10). Middle School: Richard Henry Dana Middle School (9/10).
- Significant Remodel Potential
This property serves as a prime value-add opportunity in the Westchester area, offering a classic 1950s footprint with a den that allows for creative reconfiguration and modernization.
- Recent Capital Improvement
A new roof was installed in 2023, providing the buyer with immediate protection from the elements and reducing the initial capital expenditure required for renovations.
CONSRISKS & DEFICIENCIES
- Restrictive Auction Terms
The sale is strictly 'as-is' with no financing, appraisal, or inspection contingencies, requiring a high level of liquid capital and risk tolerance from the buyer.
- Protracted Closing Process
The requirement for court confirmation and the potential for an overbid process can extend the timeline significantly, with a hearing scheduled approximately two months after the deadline.
About 5577 W 82nd Street
Probate Sale! ALL CASH SALE! Estate of Chris Lauter. This property is subject to confirmation and overbidding, the listing price is the minimum overbid, court date and time is October 2nd 2026 at 8:30 AM in Dept 418 at 111 N Hill Street, Los Angeles CA 90012. In order to bid in court, no later than 1:00 PM one business day prior to the court date, the BUYER MUST DELIVER TO THE LISTING BROKER, ALL OF THE FOLLOWING: 1) Proof of Funds AND 2) a Cashier's Check for the amount of 10% of the listing price made payable to the ESTATE OF CHRIS LAUTER. This 3 bed; 2 bath Single Family Home built in 1950 features +/-1,487 Sq Ft of living space, +/-5,562 Sq Ft lot, APN: 4127-021-024. This Property is offered together with improvements thereon as is, where is, with no warranty expressed or implied.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 5,564 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Westport Heights Elementary School
Grades K-5 • 0.6 mi
5/10
Oak Street Elementary School
Grades K-6 • 0.9 mi
4/10
Highland Elementary School
Grades K-6 • 1.1 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,487 | 1,664.159 |
| Lot Size | 5,564 | 6,066.556 |
| Price | $956.0K | $1.35M |
| Price per sq ft | $643 | $806 |
| Built year | 1950 | 1939 |
| HOA | $0 | $278 |
| Days on market | 45 | 55 |
Pricing History
Listed for Sale
Aug 18, 2026
$956,000
$895,000
+7% Price Increase
Initial Listing
Price Change
Aug 5, 2026
$895,000
$919,000
-3% Price Drop
Initial Listing
Price Change
Jul 26, 2026
$919,000
Initial Listing