738 E 97th Street, Los Angeles, California 90002, Los Angeles, 90002 - 3 bed, 2 bath
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Los Angeles, California 90002
This Turnkey Single Family Residence represents a Strong Value Opportunity, listed at $629,888—positioned well below the $656,748 Fair Market Value by 4%. This valuation gap offers $26,860 in Instant Equity. Featuring a Condition Rating of 2 with recent HVAC and electrical upgrades, the property offers significant ADU Development Potential via the detached garage. While local school ratings vary, the home’s move-in readiness and strategic location make it an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking long-term growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 738 E 97th Street Subject | $629,888* List Price | 3 | 2 | 1,216 | $540 | - |
A 9427 Baird Avenue Sold | $740,000 | 3 | 2 | 1,294 | $572 | 0.6 mi |
B 914 E 93rd Sold | $625,000 | 3 | 1 | 1,080 | $579 | 0.3 mi |
C 758 E 94th Sold | $679,000 | 3 | 2 | 1,227 | $553 | 0.2 mi |
D 9223 Parmelee Sold | $590,000 | 3 | 2 | 1,292 | $457 | 0.7 mi |
E 10523 Pace Sold | $645,000 | 3 | 2 | 1,320 | $489 | 0.7 mi |
F 838 E 99th Sold | $680,000 | 3 | 2 | 1,086 | $626 | 0.2 mi |
G 810 E 87th Sold | $695,000 | 4 | 2 | 1,253 | $555 | 0.7 mi |
H 1142 E 102nd Street Sold | $710,000 | 4 | 2 | 1,200 | $592 | 0.5 mi |
I 938 E 103rd Place Active Under Contract | $674,900 List Price | 4 | 2 | 1,207 | $559 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a recent comprehensive renovation (likely <5 years) featuring a modern kitchen with shaker cabinets and stone countertops, updated flooring, and recessed lighting. Critical systems have been modernized with a new HVAC system and updated electrical, making it move-in ready despite the 1941 build date.
High School: Compton Early College High (9/10).
The property features significant modern improvements including a new HVAC system, updated electrical, and new flooring, which reduces immediate maintenance concerns for the buyer.
The finished detached two-car garage and long driveway provide a clear opportunity for an Accessory Dwelling Unit (ADU) conversion, offering potential for rental income or multigenerational living.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1216, other record living area = 871. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Most of the assigned public schools in the immediate vicinity have low performance ratings (ranging from 1 to 3), which may impact long-term appreciation and appeal to families.
At 4,798 square feet, the lot size is relatively modest; converting the garage into an ADU would significantly limit the remaining private outdoor yard space.
Welcome to this beautifully maintained 3 bedroom, 2 bathroom home offering comfort, character, and opportunity in the heart of South Los Angeles. Situated on a 4,798 square-foot lot, this charming residence offers approximately 1,216 square feet of living space and showcases true pride of ownership throughout. Thoughtful updates and modern touches have been completed with quality craftsmanship and attention to detail, creating a home that feels both inviting and well cared for. Recent improvements include updated flooring, electrical, and new HVAC system, providing added comfort. The gated property offers privacy and security, while the long driveway leads to a finished detached two-car garage with excellent ADU potential for future rental income, multigenerational living, or additional workspace. Ideally situated near parks, schools, shopping, dining, and everyday essentials, this home also offers quick access to the 110 and 105 freeways, making commuting throughout Los Angeles simple and convenient. Whether you're a first-time buyer, growing family, or investor seeking future possibilities, this property presents a rare opportunity to own a well-cared-for home with room to grow. Don’t miss your chance to make this home yours — schedule a showing today!
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.5 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,216 | 1,672 |
| Lot Size | 4,800 | 6,067 |
| Price | $629.9K | $1.37M |
| Price per sq ft | $518 | $801 |
| Built year | 1941 | 1939 |
| HOA | $0 | $348 |
| Days on market | 27 | 56 |
Jun 25, 2026
$629,888
Initial Listing
Jan 30, 2014
$235,000
Public Record
Jun 20, 2013
$165,000
Public Record