
Los Angeles, California 90044
This property presents a High-Potential Investment Opportunity with a List Price of $449,000—positioned well below the $462,848 Fair Market Value by 2%. This valuation gap offers $13,848 in Instant Equity for buyers. With a Condition Rating of 6, the home requires significant capital expenditure, yet the 7,250 sqft lot provides substantial development potential. This is a strategic Asset ideal for Fix-and-Flip Investors or Contractors seeking a value-add project in a central Los Angeles location.
Property is land value only, full reconstruction required.
Built in 1914 with no mention of renovations, this property is marketed primarily as a 'possible development site' and 'Family Trust Auction.' Given the age exceeding 100 years and the emphasis on land value and building requirements, the structure is likely at the end of its functional life.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7250, living area = 1131.
High School: Middle College High School (9/10).
The property sits on a generous 7,250 square foot lot, offering significant opportunities for redevelopment or the addition of an Accessory Dwelling Unit (ADU) in a central Los Angeles location.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
Built in 1914 and sold via a Family Trust Auction, the property likely requires substantial capital expenditure for modern upgrades and structural repairs due to its age and 'as-is' nature.
The property is served by several schools with low performance ratings, which may limit its appeal to families prioritizing high-quality public education.
FAMILY TRUST AUCTION!!! RARE OPPORTUNITY TO PURCHASE A 4 BEDROOM, 2 BATHROOM HOME ON A LARGE LOT IN THE HEART OF LOS ANGELES. POSSIBLE DEVELOPMENT SITE. BUYERS SHOULD CHECK WITH THE CITY/COUNTY FOR CURRENT BUILDING REQUIREMENTS AND RESTRICTIONS. CLOSE TO 110 FREEWAY AND MANCHESTER SQUARE.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.3 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,131 | 1,664.159 |
| Lot Size | 7,250 | 6,066.556 |
| Price | $449.0K | $1.35M |
| Price per sq ft | $397 | $806 |
| Built year | 1914 | 1939 |
| HOA | $0 | $278 |
| Days on market | 16 | 55 |
Aug 24, 2026
$449,000
Initial Listing