8301 Elm, Los Angeles, California 90001, Los Angeles, 90001 - 3 bed, 1 bath
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Los Angeles, California 90001
This High-Potential Investment Opportunity represents a High-Potential Investment Opportunity with a List Price of $449,000, positioned near its $430,524 Fair Market Value. Following a strategic $50,000 price reduction, this asset offers substantial upside for those targeting the Los Angeles Unified market. The property currently holds a Poor Condition Rating, necessitating extensive rehabilitation of all major systems. However, the 3-bedroom layout and 3,981 sqft lot provide a clear path for forced appreciation and ADU potential. This acquisition is ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8301 Elm Subject | $449,000* List Price | 3 | 1 | 996 | $432 | - |
A 8022 Crockett Boulevard Sold | $530,000 | 4 | 2 | 1,350 | $393 | 0.2 mi |
B 8024 Crockett Sold | $505,000 | 3 | 2 | 1,140 | $443 | 0.2 mi |
C 8511 Maie Sold | $365,000 | 3 | 2 | 700 | $521 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1920, this property explicitly states 'NEEDS WORK' and is marketed as an 'INVESTMENT OPPORTUNITY,' indicating extensive renovation is required. The exterior images show significant disrepair, neglect, and what appear to be boarded-up windows, suggesting major issues. The absence of interior photos further implies a very poor internal condition. Given its age and the stated need for substantial rehabilitation, including likely updates to all major systems (electrical, plumbing, HVAC) and structural components, it falls into the 'poor' category, requiring significant capital investment to be habitable and meet modern standards.
The property is explicitly marketed as a 'GREAT INVESTMENT OPPORTUNITY,' indicating significant potential for value appreciation through renovation and modernization in the Los Angeles market.
Situated in Los Angeles, the property benefits from proximity to essential amenities including schools, shopping centers, and major freeways, enhancing its convenience and desirability.
With a current list price of $449,000, reduced from $499,000, this 3-bedroom single-family residence offers a compelling entry point for investors or owner-occupants willing to undertake renovations in a high-demand urban area.
The property description explicitly states 'NEEDS WORK,' implying significant capital investment and effort will be necessary to bring it to modern standards and maximize its value.
Built in 1920, the home is likely to have outdated systems (plumbing, electrical, HVAC), structural components, and finishes, which could lead to substantial renovation costs and potential unforeseen issues.
With only 1 bathroom for 3 bedrooms, the property may present functional challenges for families or multiple occupants, potentially impacting its market appeal and resale value without an addition.
NEEDS WORK..GREAT INVESTMENT OPPORTUNITY... 3 BEDROOMS AND 1 BATH.CLOSE TO SCHOOLS,SHOPPING CENTERS AND FREEWAYS.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 996 | 1,047 | 44% |
| Lot Size | 3,981 | 4,951.5 | 34% |
| Price | $449.0K | $580.0K | 9% |
| Price per sq ft | $451 | $548 | 22% |
| Built year | 1920 | 1926 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 90 | 162 | 16% |
Jan 31, 2026
$449,000
$499,000
-10% Price Drop
Initial Listing
Jan 22, 2026
$499,000
Initial Listing