6300 Holmes Avenue, Los Angeles, California 90001, Los Angeles, 90001 - 2 bed, 1 bath
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Los Angeles, California 90001
This Value-Add Investment Opportunity is listed at $530,000, representing a stable entry point aligned with its $527,724 Fair Market Value. Built in 1923, the property carries a Fair Condition Rating, signaling significant renovation potential in the dated kitchen and bathroom areas. Located in an established neighborhood within the Los Angeles Unified school district, the 748 sqft residence offers a manageable footprint for modernization and forced appreciation. This property is an ideal acquisition for Fix-and-Flip Investors or first-time buyers looking to secure a detached home and build sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6300 Holmes Avenue Subject | $530,000* List Price | 2 | 1 | 748 | $706 | - |
A 1650 E 64th Sold | $680,000 | 3 | 2 | 900 | $756 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1923, shows its age. While the kitchen has functional appliances and cabinetry, the style appears dated, and the flooring is basic tile. The bathroom also exhibits older fixtures and finishes. The overall condition suggests a need for updates and modernization to meet current standards, aligning with the 'fair' condition rating. The presence of what appears to be laminate or wood-look flooring in the bedrooms is a positive, but the kitchen and bathroom are the primary drivers for the 'fair' assessment due to their evident age and lack of contemporary style.
The list price of $530,000 presents an accessible entry point into the Los Angeles real estate market, particularly for first-time homebuyers or investors.
Located in a well-established area of Los Angeles (90001), the property benefits from existing infrastructure and community.
The 1923 build year suggests potential for historical charm and the opportunity for a buyer to renovate and add their personal touch, increasing future value.
With only 748 sqft, the property may feel cramped for families or those requiring significant living space.
Built in 1923, the property may require significant updates and repairs to meet modern building codes and buyer expectations, potentially leading to higher renovation costs.
The property is listed with 'None' for views, which can be a significant detractor for buyers seeking aesthetic appeal and a sense of openness.
Exceptional opportunity in Los Angeles. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 44% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 748 | 1,047 | 22% |
| Lot Size | 2,571 | 4,951.5 | 9% |
| Price | $530.0K | $580.0K | 38% |
| Price per sq ft | $709 | $555 | 75% |
| Built year | 1923 | 1926 | 31% |
| HOA | $0 | $0 | 50% |
| Days on market | 335 | 164 | 91% |
May 22, 2025
$530,000
Initial Listing
Apr 21, 2016
$260,000
Public Record