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736 S Fresno, Los Angeles, California 90023, Los Angeles, 90023 - 2 bed, 1 bath

736 S Fresno, Los Angeles, California 90023 home-pic-0
ACTIVE$375,000$572/sqft
736 S Fresno, Los Angeles, California 90023
2Beds
1Bath
572Sqft
2,565Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Investor Value-Add Potential: The property is explicitly positioned as an 'investor value-add opportunity' with 'strong potential for renovation and resale' in a market with consistent end-buyer demand.
Top Cons:
Extensive Unpermitted Structures: The property includes '2 additional detached rooms added without permits and laundry and bathroom added without permits,' which will require significant legal and financial investment for legalization or removal.

Compared to the nearby listings

Price:$375.0K vs avg $665.0K ($-290,000)14%
Size:572 sqft vs avg 1,109.5 sqft5%
Price/sqft:$656 vs avg $54877%

More Insights

Built in 1926 (100 years old).
Condition: Built in 1926, this property is explicitly marketed as an 'investor value-add opportunity' requiring 'substantial repairs and rehabilitation.' The kitchen features very dated tiled countertops and old cabinets, while the main bathroom is also significantly outdated. The presence of '2 additional detached rooms added without permits and laundry and bathroom added without permits' indicates major legal and structural issues. The overall condition, including visible wear and tear, old electrical components, and basic window AC units, suggests the property is in poor condition and needs extensive renovation to meet modern standards and safety requirements.
Year Built
1926
Close
-
List price
$375K
Original List price
$375K
Price/Sqft
$656
HOA
-
Days on market
-
Sold On
-
MLS number
CV26006478
Home ConditionPoor
Features
Patio
View-

About this home

Investor value-add opportunity in Boyle Heights area of Los Angeles. This 2-bedroom, 1-bathroom single-family residence with 2 additional detached rooms added without permits and laundry and bathroom added without permits. This property presents strong potential for renovation and resale in a market with consistent end-buyer demand. Located on a residential street with convenient access to major freeways, employment centers, schools, and retail corridors, the property benefits from a location. Property falls under LAR2 zoning allowing for up to two dwelling units per lot, like duplexes or two separate single-family homes, with specific requirements for minimum lot size (buyer to check with City of Los Angeles to confirm all details and restrictions). Property is being sold occupant-occupied. Buyer to perform their own due diligence regarding possession, renovation feasibility, and applicable local and state regulations. Ideal for experienced investors seeking a project in an established Los Angeles submarket.

D
Danielle Fontes
Listing Agent

Price History

Date
Event
Price
08/01/01
Sold
$99,000
Condition Rating
Poor
Built in 1926, this property is explicitly marketed as an 'investor value-add opportunity' requiring 'substantial repairs and rehabilitation.' The kitchen features very dated tiled countertops and old cabinets, while the main bathroom is also significantly outdated. The presence of '2 additional detached rooms added without permits and laundry and bathroom added without permits' indicates major legal and structural issues. The overall condition, including visible wear and tear, old electrical components, and basic window AC units, suggests the property is in poor condition and needs extensive renovation to meet modern standards and safety requirements.
Pros & Cons

Pros

Investor Value-Add Potential: The property is explicitly positioned as an 'investor value-add opportunity' with 'strong potential for renovation and resale' in a market with consistent end-buyer demand.
Favorable LAR2 Zoning: The LAR2 zoning allows for the development of 'up to two dwelling units per lot,' such as duplexes or two separate single-family homes, significantly enhancing its development and income-generating potential.
Strategic Los Angeles Location: Located in an 'established Los Angeles submarket' (Boyle Heights) with 'convenient access to major freeways, employment centers, schools, and retail corridors,' ensuring strong demand.
Development Flexibility: The combination of LAR2 zoning and the lot size (2565 sqft) provides flexibility for various development strategies, maximizing potential return on investment.
Consistent Market Demand: The area benefits from 'consistent end-buyer demand' for renovated properties, which supports a viable exit strategy for investors.

Cons

Extensive Unpermitted Structures: The property includes '2 additional detached rooms added without permits and laundry and bathroom added without permits,' which will require significant legal and financial investment for legalization or removal.
Occupant-Occupied Sale: Being sold 'occupant-occupied' introduces complexities and potential delays in gaining possession, which is a critical hurdle for any renovation project.
Significant Renovation & Due Diligence Required: Marketed as a 'project' for 'experienced investors,' the property requires substantial capital investment, time, and thorough due diligence regarding renovation feasibility and compliance with local regulations.
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