811 E 104th Street, Los Angeles, California 90002, Los Angeles, 90002 - 2 bed, 1 bath
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Los Angeles, California 90002
This property presents a High-Potential Investment Opportunity with a List Price of $450,000—positioned well below the $468,374 Fair Market Value by 3%. This valuation gap offers $18,374 in Instant Equity for buyers willing to execute a renovation plan. With a Condition Rating of 5, the home requires significant rehab, yet the 5,033 sq. ft. lot and existing Section 8 tenant provide immediate cash flow. This is a value-add asset ideal for Buy-and-Hold Investors or Contractors seeking a strategic re-development project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 811 E 104th Street Subject | $450,000* List Price | 2 | 1 | 828 | $566 | - |
A 810 E 104th Street Sold | $450,000 | 3 | 1 | 768 | $586 | 0.0 mi |
B 819 E 98th Sold | $459,000 | 2 | 1 | 776 | $591 | 0.4 mi |
C 926 East 97th Street Sold | $530,000 | 2 | 1 | 924 | $574 | 0.4 mi |
D 923 E 97th Street Sold | $450,000 | 2 | 1 | 888 | $507 | 0.5 mi |
E 9229 Pace Avenue Sold | $410,000 | 3 | 1 | 1,024 | $400 | 0.8 mi |
F 910 E 93rd Street Active | $500,000 List Price | 2 | 1 | 828 | $604 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1944 and explicitly marketed as a 'fixer' and 're-development opportunity,' this property requires significant rehab. The presence of window AC units suggests a lack of modern central HVAC, and the listing confirms the seller will not address any repairs or government retrofit requirements. While currently occupied, the 80-year age and 'as-is' condition necessitate a full overhaul of systems and finishes.
High School: Compton Early College High (9/10).
Situated on a 5,033 sq. ft. lot with a detached garage, this property offers a prime opportunity for investors to execute a full renovation or explore ADU potential in the Broadway-Manchester area.
The property features a long-term Section 8 tenant already in place on a month-to-month basis, providing a steady cash flow of $1,477 per month from the day of acquisition.
As a probate sale subject to court confirmation and overbidding, the transaction involves a more rigorous and potentially longer closing process compared to standard residential sales.
Sold strictly 'as-is' with no seller repairs or warranties, the property requires significant capital investment for rehab, updating, and mandatory government retrofit requirements.
Probate Sale. Subject to Court Confirmation and Overbidding in Court. For Sale after 37 years! Fixer. Re-Development Opportunity in Broadway-Manchester! Property offers a 2 bed, 1 bath fixer-upper with detached garage in Broadway Manchester, perfect for investors. The property is approx. 828 sq. ft. on a 5,033 sq. ft. lot. Once in a life-time opportunity for the right investor with the right vision, to acquire this home at a great price and convert it into the true gem it can be, and realize substantial benefits. Current long term section 8 tenant(s) are on a month-to-month tenancy, paying $1,477 per month. The property needs rehab and updating. Just minutes away from I-105, I-110, parks, restaurants and schools. Sold AS IS and WHERE IS, with all faults, and without warranty, express or implied, with current tenant(s) in place. Seller will not be responsible for any repairs, inspection reports, termite work, or mandatory government retrofit requirements prior to closing. Buyer to conduct their own investigations and assume all responsibilities for making the necessary repairs to the property. Seller is a Successor Trustee, unrelated to the property owner, and cannot make any representations as to the condition or history of the subject property.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 35% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 828 | 1,027 | 20% |
| Lot Size | 5,033 | 5,019 | 56% |
| Price | $450.0K | $590.0K | 14% |
| Price per sq ft | $543 | $560 | 42% |
| Built year | 1944 | 1939 | 58% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 177 | 3% |
May 11, 2026
$450,000
Initial Listing