616 E 135th, Los Angeles, California 90059, Los Angeles, 90059 - 2 bed, 1 bath
616 E 135th
Los Angeles, California 90059
Property Price
SUMMARY
Analysis of 616 E 135th, Los Angeles, California 90059 reveals a property with a current list price of $499,000, which is 35% above the estimated $368,973 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
The property was built in 1950, making it 74 years old. The listing explicitly markets it as a 'DEVELOPER OPPORTUNITY' with the existing structure described as 'Small & Dated' and likely requiring 'significant renovation or demolition for redevelopment.' The complete absence of interior images, especially of the kitchen and bathroom, strongly suggests these areas are in very poor or original condition, consistent with a property whose value is primarily in the land for redevelopment rather than the existing structure.
PROSSTRENGTHS & OPPORTUNITIES
- High Development Potential
Zoned LCR2, the 5088 sqft lot allows for the construction of up to 4 units, presenting a significant opportunity for developers and investors.
- ADU Conversion & Alley Access
The existing 2-car garage with convenient alley access offers excellent potential for an Accessory Dwelling Unit (ADU) conversion, enhancing property value and income potential.
- Generous Lot Size
A substantial 5088 sqft lot provides ample space for multi-unit development or a larger custom home, a valuable asset in the Los Angeles market.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-04-14. The sold price is $390,000.00.
- Small & Dated Existing Structure
The current 760 sqft, 2-bedroom, 1-bathroom home is small and built in 1950, likely requiring significant renovation or demolition for redevelopment.
- Age of Property
Built in 1950, the property's age suggests potential for outdated systems and infrastructure, which could lead to higher renovation costs if the existing structure is retained.
About 616 E 135th
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 5,088 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 33% |
| Baths | 1.0 | 2.0 | 47% |
| Square foot | 760 | 1,158 | 7% |
| Lot Size | 5,088 | 5,468 | 40% |
| Price | $499.0K | $621.5K | 12% |
| Price per sq ft | $657 | $525 | 74% |
| Built year | 1950 | 1945 | 79% |
| HOA | $0 | $0 | 50% |
| Days on market | 48 | 190 | 2% |
Pricing History
Listed for Sale
Jan 17, 2026
$499,000
Initial Listing
Sold
Apr 14, 2025
$390,000
Public Record