
Los Angeles, California 90059
This property presents a High-Potential Investment Opportunity with a List Price of $400,000—positioned well below the $420,850 Fair Market Value by 4%. This valuation gap offers $20,850 in Instant Equity for buyers capable of managing a comprehensive renovation. With a Poor Condition Rating due to structural disrepair, the value lies in the 5,562 sq. ft. lot and redevelopment potential. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a value-add project in a transit-accessible area.
Property is land value only, full reconstruction required.
Built in 1926 with no recent renovations, the property is completely unlivable and in a severe state of disrepair. Interior images show collapsed ceilings, exposed framing, holes in the flooring, and extensive debris, indicating major structural defects. The listing itself notes it as a fixer/investor opportunity with redevelopment potential, meaning value lies solely in the land.
Positioned as a prime fixer-upper opportunity, this property offers significant equity upside for investors or contractors looking to renovate and flip or hold in a developing area.
The 5,562 sq. ft. lot provides ample space for potential building expansion or the addition of an Accessory Dwelling Unit (ADU), maximizing the property's long-term value.
Conveniently located near major transportation corridors and reputable schools like King/Drew Magnet High School, making it an attractive location for future tenants or homeowners.
The property requires comprehensive repairs and modernization, which will necessitate a significant upfront capital investment and experienced project management.
At only 896 sq. ft., the current living area is relatively small for a two-bedroom home, which may limit its appeal to larger families without a structural addition.
FIXER / INVESTOR OPPORTUNITY! 2-bedroom, 2-bathroom home with approximately 896 sq. ft. of living area on a 5,562 sq. ft. lot in South Los Angeles. The property requires extensive renovation and offers an opportunity for an experienced investor, contractor, or owner-user with a vision for transformation. Generous lot with potential for a customized renovation or possible redevelopment, subject to zoning, permits, and city approval. Convenient location near schools, shopping, restaurants, parks, and major transportation corridors. Nearby educational options include 116th Street Elementary, Samuel Gompers Middle School, Ánimo Watts College Preparatory Academy, and King/Drew Magnet High School of Medicine and Science.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 896 | 1,675.469 |
| Lot Size | 5,562 | 6,126.393 |
| Price | $400.0K | $1.34M |
| Price per sq ft | $446 | $800 |
| Built year | 1926 | 1941 |
| HOA | $0 | $262 |
| Days on market | 32 | 56 |
Sep 22, 2026
$400,000
Initial Listing