849 E 118th Place, Los Angeles, California 90059, Los Angeles, 90059 - 2 bed, 2 bath
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849 E 118th Place
Los Angeles, California 90059
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,765Sq Ft
5,556Lot Size
Property Price
LIST PRICE$675,000
EST. MARKET VALUE
$734,673
8% BelowMARKET VALUE
SUMMARY
This Spacious Single Family Residence is a Strong Value Opportunity, listed at $675,000—positioned well below the $734,673 Fair Market Value by 8%. This valuation gap offers $59,673 in Instant Equity for the buyer. Featuring a 1,765 sq. ft. floor plan with a Fair Condition Rating, the home requires cosmetic updates to reach its full potential. Its central location near major freeways and the Ervin Magic Johnson Recreation Center makes it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking value-add potential.
Estimated Market Value
$734,673+$59,673 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 849 E 118th Place Subject 2 bd · 2 ba · 1,765 sqft · $416 | $675,000* List Price | 2 | 2 | 1,765 | $416 | - |
A 628 E 121st Street Pending 3 bd · 2 ba · 1,760 sqft · $389 · 0.4 mi | $685,000 List Price | 3 | 2 | 1,760 | $389 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1944 with a kitchen renovation that appears to be 20-30 years old (oak cabinets, tile countertops). While the home features central HVAC and is functional, the interior is dated with popcorn ceilings and older tile flooring, indicating a need for cosmetic updates and minor repairs.
PROSSTRENGTHS & OPPORTUNITIES
- Substantial Living Area
At 1,765 sq. ft., this home offers an unusually large footprint for a two-bedroom property, featuring a family room, bonus room, and formal dining area for versatile living.
- Excellent Connectivity
Centrally located near four major freeways and the Ervin Magic Johnson Recreation Center, providing easy commutes to LAX, Long Beach, and Playa Vista.
- Essential Modern Amenities
The property includes central air conditioning and heating, a two-car garage, and dedicated laundry hookups, providing modern comfort in a classic 1944 build.
CONSRISKS & DEFICIENCIES
- Limited Bedroom Count
Despite the large square footage, the home only offers two bedrooms, which may limit its appeal to larger families or buyers requiring more private rooms.
- Potential for Modernization
The 1944 construction and 'endless possibilities' description suggest the property may require cosmetic or functional updates to reach its full market potential.
About 849 E 118th Place
EXCITING OPPORTUNITY! SPACIOUS HOME WITH ENDLESS POSSIBILITIES! Welcome to a wonderful opportunity to own a spacious 1765 sq.ft 2-bedroom 1.4 bathroom , situated on 5,556 lot tucked in a quiet and peaceful neighborhood. From the moment you arrive you will be greeted with a airy open feel a spacious living room,formal dining room,kitchen, separate kitchenette, generously size bedrooms, a family room, bonus room offering additional space, while long hallways and abundant closet space add to the home's appeal. Additional features include central air conditioning/heating, washer and dryer hookups, and a two car garage. Close to shopping, restaurant, a two block walk Ervin Magic Johnson Recreation Center which is known for its fishing lake, open grassy areas, walking path and childrens play areas. This home is centrally located to 4 major freeways ,making it easy to LAX, Long Beach, El Segundo, Playa Vista and so much more. this home offers space, comfort and convenience. Priced to sell! don't miss this wonderful opportunity to make this your own!!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1944
- Lot Size
- 5,556 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,765 | 1,670.836 |
| Lot Size | 5,556 | 6,152.156 |
| Price | $675.0K | $1.34M |
| Price per sq ft | $382 | $807 |
| Built year | 1944 | 1941 |
| HOA | $0 | $238 |
| Days on market | 16 | 56 |
Pricing History
Listed for Sale
Oct 24, 2026
$675,000
Initial Listing