8226 S Main, Los Angeles, California 90003, Los Angeles, 90003 - 1 bed, 1 bath
ACTIVE$400,000$480/sqft
Est. Value: $329,818
-17%
AboveEstimate
8226 S Main, Los Angeles, California 90003
1Bed
1Bath
480Sqft
5,250Lot
Price Vs. Estimate
The estimated value ($329,817.73) is $70,182.27 (17%) lower than the list price ($400,000). This property may be overpriced.
Key pros and cons
Top Pros:
Significant Redevelopment Potential: The property offers 'multiple avenues of re-development with an emphasis on creating more housing' on a 5,250 sqft lot, ideal for investors looking to maximize density in a high-demand area.
Top Cons:
Extensive Renovation Required: Described as a 'FIXER FIXER FIXER!' and 'SOLD AS-IS,' indicating the property is in a distressed condition and will require substantial capital investment for rehabilitation or demolition.
Compared to the nearby listings
Price:$400.0K vs avg $602.5K ($-202,500)7%
Size:480 sqft vs avg 1,111 sqft2%
Price/sqft:$833 vs avg $50395%
More Insights
Built in 1920 (106 years old).
Condition: Built in 1920, this property is explicitly marketed as a 'FIXER FIXER FIXER!' and 'SOLD AS-IS,' indicating it is unlivable in its current condition. The listing states it 'will not likely qualify for financing' and requires 'CASH OFFERS ONLY,' further confirming its distressed state. The property analysis notes it is 'likely not immediately habitable' and emphasizes its 're-development potential,' suggesting the value lies in the land rather than the existing structure. The images depict a severely neglected exterior and yard, consistent with a property that has not undergone major renovations in decades.
Year Built
1920
Close
-
List price
$400K
Original List price
$400K
Price/Sqft
$833
HOA
-
Days on market
-
Sold On
-
MLS number
DW25281886
Home ConditionTear down
Features
View-
About this home
WOW! FIXER FIXER FIXER! CALLING ALL INVESTORS! Price adjusted! Don't miss out on this fantastic opportunity. Property is a 1 bed 1 bath with 480 living sqft and 5,250 sqft lot. This property features posibilities of multiple avenues of re-development with an emphasis on creating more housing. The property will not likely qualify for financing. CASH OFFERS ONLY. SOLD AS-IS
R
Robert Murillo
Listing Agent
Price History
Date
Event
Price
09/13/94
Sold
$57,000
Condition Rating
Tear down
Built in 1920, this property is explicitly marketed as a 'FIXER FIXER FIXER!' and 'SOLD AS-IS,' indicating it is unlivable in its current condition. The listing states it 'will not likely qualify for financing' and requires 'CASH OFFERS ONLY,' further confirming its distressed state. The property analysis notes it is 'likely not immediately habitable' and emphasizes its 're-development potential,' suggesting the value lies in the land rather than the existing structure. The images depict a severely neglected exterior and yard, consistent with a property that has not undergone major renovations in decades.
Pros & Cons
Pros
Significant Redevelopment Potential: The property offers 'multiple avenues of re-development with an emphasis on creating more housing' on a 5,250 sqft lot, ideal for investors looking to maximize density in a high-demand area.
Prime Los Angeles Location: Situated in Los Angeles, a highly sought-after market, offering strong long-term appreciation potential and robust rental demand.
Investor-Focused Opportunity: Explicitly marketed as a 'FIXER FIXER FIXER! CALLING ALL INVESTORS!', presenting a clear value-add proposition for experienced developers and flippers.
Generous Lot Size: The 5,250 sqft lot provides ample space for potential expansion, additional dwelling units (ADUs), or complete redevelopment, enhancing its investment appeal.
Cash Transaction Advantage: The requirement for cash offers can streamline the closing process, appealing to investors seeking quick and unencumbered transactions without financing contingencies.
Cons
Extensive Renovation Required: Described as a 'FIXER FIXER FIXER!' and 'SOLD AS-IS,' indicating the property is in a distressed condition and will require substantial capital investment for rehabilitation or demolition.
Limited Financing Options: The property 'will not likely qualify for financing' and requires 'CASH OFFERS ONLY,' significantly narrowing the potential buyer pool to those with substantial liquid assets.
Minimal Existing Livable Space: With only 480 sqft, 1 bed, and 1 bath, the current structure is extremely small and likely not immediately habitable or suitable for traditional owner-occupants without major reconstruction.