808 Record, Los Angeles, California 90063, Los Angeles, 90063 - 1 bed, 1 bath
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Los Angeles, California 90063
This City Terrace Development Asset is a high-utility acquisition for the Los Angeles market, listed at $410,000. While the price aligns with the $374,791 Fair Market Value, the asset's primary value is found in its redevelopment potential and 2,425 sq. ft. lot. Currently holding a Condition Rating of 6, the property is a Probate Sale marketed as a total fixer with additional lower-level rooms and a private patio. This project offers a clear path to ROI through a complete overhaul within the Los Angeles Unified district, making it an ideal play for Fix-and-Flip Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 808 Record Subject | $385,000* List Price | 1 | 1 | 902 | $396 | - |
A 3878 E 1st Pending | $410,000 List Price | 2 | 1 | 846 | $485 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1924 and explicitly marketed as a 'FIXER' for 'INVESTORS! DEVELOPERS!', the property exhibits severe neglect and extensive disrepair. The images show extremely outdated and damaged kitchens and bathrooms, peeling paint, worn flooring, visible water damage, and exposed wiring. The overall condition indicates the structure is beyond practical repair for modern residential living without a complete overhaul, suggesting its value is primarily in the land for redevelopment.
Explicitly marketed towards 'INVESTORS! DEVELOPERS!' and described as a 'FIXER,' indicating significant upside for renovation, expansion, or redevelopment in a desirable Los Angeles market.
Situated in Los Angeles (City Terrace area), offering inherent value due to the strong and appreciating real estate market, attracting a wide range of potential buyers and renters post-renovation.
The 'May not need court confirmation' aspect of the probate sale can significantly streamline the transaction process, making it more attractive to buyers seeking a quicker and less complicated close.
The property is explicitly described as a 'FIXER,' indicating it requires substantial investment in repairs, upgrades, and modernization to be habitable or marketable at a higher value.
Assessor information shows only 1 bedroom and 1 bathroom, which is very small and limits its appeal to a broad range of buyers, particularly families, without significant expansion.
Built in 1924, the property is nearly a century old, likely necessitating significant updates to major systems (plumbing, electrical, HVAC, roof, foundation) to meet current standards and expectations, adding to renovation costs.
INVESTORS! DEVELOPERS! FIXER in CITY TERRACE area. Assessor information shows 1 bedroom and 1 bath. Additional rooms at lower level. Looking for a cash buyer. Probate Sale. May not need court confirmation.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 9% |
| Baths | 1.0 | 2.0 | 39% |
| Square foot | 902 | 1,103 | 26% |
| Lot Size | 2,425 | 4,824.5 | 11% |
| Price | $385.0K | $658.5K | 4% |
| Price per sq ft | $427 | $610 | 11% |
| Built year | 1924 | 1926 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 130 | 175 | 35% |
May 13, 2026
$385,000
$410,000
-6% Price Drop
Initial Listing
Jan 14, 2026
$410,000
Initial Listing