716 New Depot Street F, Los Angeles, California 90012, Los Angeles, 90012 - 2 bed, 2 bath
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Los Angeles, California 90012
Analysis of 716 New Depot Street F, Los Angeles, California 90012 is currently available with a list price of $326,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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.
Property is extensive renovation needed.
Built in 1989 (35+ years old) with original, dated kitchen and interiors. The listing explicitly notes major water damage throughout the home and classifies it as a 'major fixer,' indicating significant safety and structural concerns that require a full rehabilitation.
Priced well below market norms at $205,000, this property presents a substantial equity opportunity for investors or flippers looking to capitalize on a full renovation in a high-demand area.
Situated near Chinatown and the Silver Lake/Echo Park vicinity, the property offers excellent proximity to downtown Los Angeles, public transit, and vibrant cultural amenities.
The residence is located just 0.14 miles from Castelar Street Elementary School, providing convenient walkable access to a well-rated educational institution for future occupants.
The home is a major fixer with extensive water damage throughout and a reported death on-site, requiring a significant budget for remediation and a complete overhaul.
The probate auction format requires a non-contingent cash-heavy commitment and court confirmation, eliminating traditional financing options and increasing buyer risk.
Probate Sale! Estate of Chao Min Chen. ALL CASH SALE! Buyer must provide 10% Cashiers Check payable to the ESTATE OF CHAO MIN CHEN and Proof of Funds! This property is subject to confirmation and overbidding, the listing price is the minimum overbid, court date and time is June 18th, 2026 at 8:30 am in Department 418 at 111 North Hill Street, Los Angeles, CA 90012. This 2 bed; 2 bath Condominium built in 1989 features +/-802 Sq Ft of living space, APN: 5407-007-045. The owner passed away on the Property. The property is located near Chinatown. There is major water damage throughout the home. This is a major fixer. This Property is offered together with improvements thereon as is, where is, with no warranty expressed or implied.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-6 • 0.7 mi
Grades K-6 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.0 | 65% |
| Baths | 2.0 | 1.0 | 65% |
| Square foot | 802 | 994 | 42% |
| Lot Size | 7,015 | 29,414 | 10% |
| Price | $326.0K | $625.0K | 3% |
| Price per sq ft | $406 | $582 | 3% |
| Built year | 1989 | 1989 | 50% |
| HOA | $2600.0 | $858 | 94% |
| Days on market | 50 | 221 | 6% |
May 4, 2026
$326,000
$199,000
+64% Price Increase
Initial Listing
Apr 29, 2026
$199,000
$205,000
-3% Price Drop
Initial Listing
Apr 19, 2026
$205,000
Initial Listing
Apr 17, 2026
$370,000
Initial Listing