715 E 83 Street, Los Angeles, California 90001, Los Angeles, 90001 - 2 bed, 1 bath
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Los Angeles, California 90001
This property presents a High-Potential Investment Opportunity with a List Price of $575,000—positioned above the $506,464 Fair Market Value. While the price reflects a premium, the LAR2 Zoning and 5,101 sq ft lot provide significant upside for developers targeting a duplex plus two ADUs. With a Condition Rating of 5, the home requires a full interior overhaul, supported by provided schematic plans for a 3-bedroom conversion. This is a strategic Value-Add Asset ideal for Fix-and-Flip Investors or Developers seeking to maximize density in a high-demand urban corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 715 E 83 Street Subject | $575,000* List Price | 2 | 1 | 1,100 | $460 | - |
A 1014 E 84th St Sold | $555,000 | 2 | 1 | 1,005 | $552 | 0.3 mi |
B 846 E 83rd Street Sold | $494,777 | 2 | 1 | 1,075 | $460 | 0.2 mi |
C 823 E 76th Place Sold | $550,000 | 4 | 2 | 1,296 | $424 | 0.5 mi |
D 1018 E 73rd Sold | $545,000 | 2 | 2 | 977 | $558 | 0.7 mi |
E 1124 E 76th Place Sold | $480,000 | 3 | 2 | 1,272 | $377 | 0.6 mi |
F 742 E 84th Place Active | $549,900 List Price | 2 | 1 | 1,121 | $491 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1926 with no mentioned updates, this property is explicitly marketed as an 'Investor/Flipper Special' and 'as-is' sale. The requirement for a full interior rehab and the provision of schematic plans for reconfiguration indicate that the kitchen, bathroom, and major systems are likely original or severely outdated (>30 years), requiring significant capital expenditure.
The property features LAR2 zoning on a 5,101 sq ft lot, providing a rare opportunity to develop a duplex plus two ADUs, significantly maximizing the site's density and income potential.
Listing includes a proposed schematic plan to reconfigure the 1,100 sq ft layout into a 3-bedroom home, offering a clear roadmap for investors to increase equity and market appeal.
Located in the Florence neighborhood with convenient access to Downtown LA, major freeways, and public transit, ensuring strong long-term demand for both renters and buyers.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1100, other record living area = 992.
Sold in 'as-is' condition as a flipper special, the 1926 structure likely requires significant capital expenditure for modernization and may not qualify for traditional financing.
The property is served by several low-rated schools, including a middle school with a 1/10 rating, which may deter traditional family buyers and impact long-term resale velocity.
Investor / Flipper Special or value oriented homeowner – 2-Bed Home on Large Lot with Proposed Schematic Plan Included! Classic California bungalow located in the heart of the Florence neighborhood. This solid residence on a spacious 5,101 sq ft lot offers excellent potential for value-add investors, developers, and flippers. The property is being offered as-is with a proposed SCHEMATIC plan included in the listing materials. This conceptual redesign demonstrates how the existing floor plan can be optimized — including the potential to create a 3-bedroom configuration along with improved kitchen flow, pantry, built-in storage, and stacked laundry area. Opportunity Highlights: • Proposed Plan shows smart reconfiguration for better functionality and potential 3rd bedroom • Large 5,101 sq ft lot with strong ADU potential under LAR2 zoning, duplex +2 ADU • Classic single-story layout ready for interior updates • Ideal for investors seeking sweat equity or redevelopment projects Conveniently located in Florence with easy access to public transit, shopping, major freeways, and downtown LA. This is a prime opportunity for buyers looking to customize or maximize returns in a neighborhood with growing demand. Whether you’re a developer, house flipper, or visionary homeowner, bring your ideas and make it your own!
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.4 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 47% |
| Baths | 1.0 | 2.0 | 47% |
| Square foot | 1,100 | 1,087.5 | 50% |
| Lot Size | 5,101 | 5,102.5 | 50% |
| Price | $575.0K | $590.0K | 44% |
| Price per sq ft | $523 | $549 | 39% |
| Built year | 1926 | 1927 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 193 | 3% |
Jun 3, 2026
$575,000
Initial Listing