
Los Angeles, California 90011
This property presents a High-Potential Investment Opportunity with a List Price of $800,000—positioned well above the $624,045 Fair Market Value by -28%. Given the Condition Rating of 6, the structure requires significant rehabilitation, shifting the focus to the 5,001 sqft lot and its development potential. Proximity to local schools like Santee Education Complex adds long-term neighborhood utility. This asset is best suited for Buy-and-Hold Investors or Contractors capable of executing a comprehensive redevelopment strategy to maximize the land's inherent value.
Development opportunity in Los Angeles. 4-bed, 2-bath home on 5,001 sqft lot. Ideal for investors and contractors. Prime land value near local schools.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 619 E 22nd Street Subject | $800,000* List Price | 4 | 2 | 1,700 | $367 | - |
A 807 E 20th Sold | $625,000 | 3 | 2 | 1,296 | $482 | 0.2 mi |
B 937 E 20th Street Sold | $577,777 | 3 | 1 | 1,483 | $390 | 0.3 mi |
C 210 E 29th Sold | $575,000 | 3 | 2 | 1,384 | $415 | 0.6 mi |
D 923 E 25th Street Active Under Contract | $615,000 List Price | 3 | 2 | 1,615 | $381 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1906 with no evidence of recent renovation. The exterior shows severe neglect, including what appears to be fire damage (soot around windows) and boarded-up openings. The listing's emphasis on 'possibilities of development' confirms the structure is likely unlivable and the value lies in the land.
The property features a 5,001 sqft lot with explicit potential for development, offering significant upside for investors or buyers looking to add value through expansion or ADUs.
Featuring 4 bedrooms and 1,700 square feet of living space, the home offers a generous footprint that is increasingly rare to find at this price point in the Mid Los Angeles area.
The residence is conveniently located within a third of a mile from highly-rated local institutions, including Santee Education Complex and San Pedro Street Elementary.
Constructed in 1906, the home likely requires substantial modernization of major systems such as plumbing, roofing, and electrical to meet current building standards.
With 57 days on the market without a price adjustment, the listing may be facing a disconnect between the asking price and the property's current condition or market demand.
4 BEDROOM 2 BATH BEAUTIFUL HOME WITH MANY POSSIBILITES OF DEVELOPMENT
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,700 | 1,664.159 |
| Lot Size | 5,001 | 6,066.556 |
| Price | $800.0K | $1.35M |
| Price per sq ft | $471 | $806 |
| Built year | 1906 | 1939 |
| HOA | $0 | $278 |
| Days on market | 99 | 55 |
Jun 2, 2026
$800,000
Initial Listing