616 E 135th, Los Angeles, California 90059, Los Angeles, 90059 - 2 bed, 1 bath
ACTIVE$499,000$760/sqft
Est. Value: $382,438
-23%
AboveEstimate
616 E 135th, Los Angeles, California 90059
2Beds
1Bath
760Sqft
5,088Lot
Price Vs. Estimate
The estimated value ($382,438.475) is $116,561.525 (23%) lower than the list price ($499,000). This property may be overpriced.
Key pros and cons
Top Pros:
Development Potential: The property is explicitly marketed as a 'DEVELOPER OPPORTUNITY!' with LCR2 zoning, allowing for up to 4 units, which is a significant advantage for investors and developers.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-04-14. The sold price is $390,000.00.
Compared to the nearby listings
Price:$499.0K vs avg $617.5K ($-118,500)15%
Size:760 sqft vs avg 1,117 sqft9%
Price/sqft:$657 vs avg $52076%
More Insights
Built in 1950 (76 years old).
Condition: Built in 1950, this property is over 70 years old with no indication of major renovations. The listing explicitly markets it as a 'DEVELOPER OPPORTUNITY' and the property analysis states the existing structure is 'likely outdated and may require extensive renovation or demolition.' The small 760 sqft size and lack of interior photos, coupled with the focus on land and zoning, strongly suggest the value is in the land for redevelopment rather than the existing structure.
Year Built
1950
Close
-
List price
$499K
Original List price
$499K
Price/Sqft
$657
HOA
-
Days on market
-
Sold On
-
MLS number
PW26012206
Home ConditionTear down
Features
View-
About this home
DEVELOPER OPPORTUNITY! 5086 sf lot zoned LCR2 which architect says up to 4 units allowed. Tenant will be vacating March 9th. 2 car garage for ADU conversion with alley access on side and rear.
K
Kevin Davis
Listing Agent
Price History
Date
Event
Price
04/14/25
Sold
$390,000
Condition Rating
Tear down
Built in 1950, this property is over 70 years old with no indication of major renovations. The listing explicitly markets it as a 'DEVELOPER OPPORTUNITY' and the property analysis states the existing structure is 'likely outdated and may require extensive renovation or demolition.' The small 760 sqft size and lack of interior photos, coupled with the focus on land and zoning, strongly suggest the value is in the land for redevelopment rather than the existing structure.
Pros & Cons
Pros
Development Potential: The property is explicitly marketed as a 'DEVELOPER OPPORTUNITY!' with LCR2 zoning, allowing for up to 4 units, which is a significant advantage for investors and developers.
ADU Conversion Opportunity: The existing 2-car garage with alley access on the side and rear presents an excellent opportunity for an Accessory Dwelling Unit (ADU) conversion, enhancing rental income potential or property value.
Strategic Lot Size: A substantial 5088 sqft lot provides ample space for multi-unit development or significant expansion, aligning perfectly with the LCR2 zoning.
Immediate Access for Development: The tenant will be vacating on March 9th, providing immediate access for development, renovation, or ADU construction without tenant-related delays or complications.
Alley Access: The property benefits from alley access on both the side and rear, which is highly advantageous for construction logistics, ADU development, and potential future property configurations.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-04-14. The sold price is $390,000.00.
Age and Condition of Existing Structure: Built in 1950, the existing 760 sqft home is likely outdated and may require extensive renovation or demolition, implying significant upfront investment for any development project.
Small Existing Living Space: The current 760 sqft, 2-bedroom, 1-bathroom configuration is very small for modern living standards, making it less appealing to traditional owner-occupant buyers seeking a move-in ready home.
Lack of Notable Views: The property description indicates 'view: None', which can be a minor drawback in the Los Angeles market where properties with desirable views often command a premium.