8021 Towne Avenue, Los Angeles, California 90003, Los Angeles, 90003 - 2 bed, 1 bath
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Los Angeles, California 90003
Analysis of 8021 Towne Avenue, Los Angeles, California 90003 is currently available with a list price of $490,000. 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 1926 and sold 'as-is,' this property shows significant signs of neglect and physical depreciation. With an extremely small 440 sqft footprint, a discrepancy between title and physical room counts, and the presence of non-tenant occupants, the structure likely requires a complete gut renovation or demolition. The exterior images reveal weathered siding and aged components that fall well below modern living standards.
The property is situated adjacent to a vacant lot and another listing also for sale, offering a unique opportunity for developers to assemble multiple parcels for a larger-scale project.
Listed at $490,000, this property represents a relatively low price point for a single-family residence in Los Angeles, appealing to investors looking for high-margin flip or rebuild opportunities.
Built in 1926, the structure offers the architectural foundation of a classic bungalow, providing potential for a high-value restoration that captures historical charm.
The property is currently on hold for title confirmation and trust clarification, indicating significant legal hurdles and the potential for a prolonged escrow process.
The home is sold 'as-is' with a discrepancy between the title and physical bedroom count, further complicated by the presence of non-tenant occupants that may require legal action to remove.
**THIS PROPERTY WILL REMAIN ON HOLD DUE TO TITLE CONFIRMATION BY ATTORNEYS & ANY FURTHER UPDATES WILL BE POSTED UPON CONFIRMATION** This property is being "SOLD AS-IS" in it's entirety condition without any further warranties and/or guarantees of any kind. Real Estate Agent(s)/Broker(s) and your buyer(s) are to do their own due diligence and investigation of any/all Los Angeles City/County Building & Safety Regulations and Laws pertaining to this property's status, square footages, etc. No responsibility of the sellers nor any of their real estate agent(s)/Broker(s), that may enter into a for sale transaction. **This single family residence shows as per property title report as a two(2) bedroom; however, the present physical condition only shows one(1) bedroom and one(1) full bathroom.** Escrow could be extended due to trust clarification process. *This property is right next to the *Vacant Land Lot on Towne Avenue, Los Angeles, CA MLS# 24-378471 is for sale. And also, 7908 Towne, Los Angeles, CA MLS# 24-344647 is for sale too* Sellers Have Selection Of All Services. Do Not Walk Onto The Properties And Do Not Disturb The Occupants, They Are Not Tenants! Thank You All For Your Interest & Have An Excellent Day!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 36% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 440 | 1,096 | 2% |
| Lot Size | 1,481 | 5,184.5 | 2% |
| Price | $490.0K | $607.5K | 24% |
| Price per sq ft | $1.1K | $530 | 98% |
| Built year | 1926 | 1923 | 79% |
| HOA | $0 | $0 | 50% |
| Days on market | 742 | 209 | 0% |
Jan 30, 2026
$490,000
Initial Listing
Apr 10, 2024
$500,000
Initial Listing