607 Esperanza, Los Angeles, California 90023, Los Angeles, 90023 - 2 bed, 1 bath
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607 Esperanza
Los Angeles, California 90023
ACTIVE
CONDITION: POOR
2Beds
1Baths
1,092Sq Ft
4,471Lot Size
Property Price
LIST PRICE$599,000
EST. MARKET VALUE
$630,054
4% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $599,000—positioned well below the $630,054 Fair Market Value by 4%. This valuation gap offers $31,054 in Instant Equity for buyers prepared to address the Condition Rating of 5. While the home requires a total rehab, the additional unpermitted square footage provides significant upside for forced appreciation. This is a value-add acquisition ideal for Fix-and-Flip Investors or Contractors seeking a project in a high-demand Los Angeles neighborhood.
Estimated Market Value
$630,054+$31,054 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 |
|---|---|---|---|---|---|---|
★ 607 Esperanza Subject 2 bd · 1 ba · 1,092 sqft · $577 | $599,000* List Price | 2 | 1 | 1,092 | $577 | - |
A 810 S Indiana Sold 2 bd · 1 ba · 732 sqft · $704 · 0.3 mi | $515,000 | 2 | 1 | 732 | $704 | 0.3 mi |
B 3451 Estrada Active Under Contract 3 bd · 2 ba · 1,016 sqft · $589 · 0.8 mi | $598,888 List Price | 3 | 2 | 1,016 | $589 | 0.8 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 1908 (116 years old) with no evidence of modern renovations. The property shows signs of extreme neglect and hoarding, with a sagging exterior carport structure and unpermitted interior partitions. Given the age and lack of visible updates to systems or finishes, the home requires a total rehab and may approach tear-down status.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated in a desirable East Los Angeles neighborhood, this property offers strong long-term value and appeal within a high-demand residential area.
- Enhanced Functional Space
The current layout includes additional partitioned rooms and a second bathroom beyond tax records, providing more utility and living space than a typical two-bedroom home.
- Competitive Price Point
Listed at $599,000, this single-family residence represents an accessible entry point into the Los Angeles real estate market for first-time buyers or value-add investors.
CONSRISKS & DEFICIENCIES
- Unverified Improvements
The presence of unrecorded rooms and bathrooms creates potential permitting and compliance risks that may affect financing, appraisals, and future resale value.
- Historic Age
Built in 1908, the property likely requires significant modernization of core systems and structural components to meet contemporary building standards.
About 607 Esperanza
The home is located in a desirable East Los Angeles neighborhood. According to tax records, the property is a 2-bedroom, 1-bathroom home. The current layout includes additional partitioned rooms and an additional bathroom that may not be reflected in public records. Buyer and buyer's agent are advised to independently verify all permits, square footage, room count, and property features to their satisfaction.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1908
- Lot Size
- 4,471 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
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 | 1,092 | 1,670.836 |
| Lot Size | 4,471 | 6,152.156 |
| Price | $599.0K | $1.34M |
| Price per sq ft | $549 | $807 |
| Built year | 1908 | 1941 |
| HOA | $0 | $238 |
| Days on market | 39 | 56 |
Pricing History
Listed for Sale
Oct 1, 2026
$599,000
Initial Listing