8761 Prince, Los Angeles, California 90002, Los Angeles, 90002 - 2 bed, 1 bath
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8761 Prince
Los Angeles, California 90002
ACTIVE
CONDITION: GOOD
2Beds
1Baths
855Sq Ft
5,101Lot Size
Property Price
LIST PRICE$565,000
EST. MARKET VALUE
$591,273
4% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $565,000—positioned well below the $591,274 Fair Market Value by 4%. This valuation gap offers $26,274 in Instant Equity. Featuring a Condition Rating of 3, the home includes modern interior updates while offering significant Zoning LCR2 development potential on its 5,101 sq. ft. lot. With a bonus room and patio, this asset is ideal for Buy-and-Hold Investors or Developers seeking to maximize density through ADU construction.
Estimated Market Value
$591,273+$26,273 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 |
|---|---|---|---|---|---|---|
★ 8761 Prince Subject 2 bd · 1 ba · 855 sqft · $692 | $565,000* List Price | 2 | 1 | 855 | $692 | - |
A 720 E 95th St Sold 2 bd · 1 ba · 906 sqft · $706 · 1.0 mi | $640,000 | 2 | 1 | 906 | $706 | 1.0 mi |
B 628 E 87th Place Sold 2 bd · 1 ba · 750 sqft · $800 · 0.9 mi | $600,000 | 2 | 1 | 750 | $800 | 0.9 mi |
C 1413 E 91st Sold 3 bd · 2 ba · 940 sqft · $695 · 0.2 mi | $653,000 | 3 | 2 | 940 | $695 | 0.2 mi |
D 1242 E 87th Place Sold 3 bd · 2 ba · 1,026 sqft · $681 · 0.2 mi | $699,000 | 3 | 2 | 1,026 | $681 | 0.2 mi |
E 939 E 88th Pl. Sold 3 bd · 2 ba · 1,024 sqft · $673 · 0.5 mi | $689,000 | 3 | 2 | 1,024 | $673 | 0.5 mi |
F 1318 E 100th Street Sold 3 bd · 2 ba · 849 sqft · $742 · 0.8 mi | $630,000 | 3 | 2 | 849 | $742 | 0.8 mi |
G 923 E 97th Street Sold 3 bd · 1 ba · 888 sqft · $732 · 0.8 mi | $650,000 | 3 | 1 | 888 | $732 | 0.8 mi |
H 645 E 94th Sold 3 bd · 2 ba · 1,160 sqft · $625 · 1.0 mi | $725,000 | 3 | 2 | 1,160 | $625 | 1.0 mi |
I 8811 Mary Active 3 bd · 2 ba · 906 sqft · $740 · 0.1 mi | $670,000 List Price | 3 | 2 | 906 | $740 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the property was built in 1936, the interior has undergone a significant renovation likely within the last 5-15 years. The kitchen features modern white shaker cabinets, updated countertops, and stainless steel appliances. The presence of tile flooring throughout and a clean interior suggests it is well-maintained and move-in ready, despite the listing's focus on development potential.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
Zoned LCR2 with the existing home situated at the rear of the 5,101 sq. ft. lot, this property offers a prime opportunity for an ADU or additional residential construction.
- Versatile Layout
The inclusion of a bonus room alongside the two bedrooms provides valuable flexibility for a home office, guest space, or additional living area.
- Value-Add Opportunity
Marketed as an investor opportunity, the property allows buyers to build significant equity through renovation, expansion, or full site redevelopment.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 855, other record living area = 819.
- Extensive Renovation Needed
Built in 1936 and sold as an investor project, the home likely requires substantial capital investment to address aging systems and modern cosmetic needs.
- Excluded On-Site Assets
The storage unit is explicitly excluded from the sale, which may complicate immediate utility of the lot and require additional negotiations or removal costs.
About 8761 Prince
***INVESTOR OPPORTUNITY*** Excellent opportunity for homeowners, investors, and developers! This 2-bedroom, 1-bathroom single-family residence offers approximately 855 sq. ft. of living space, plus a bonus room. The property features a unique lot layout, with the existing home situated toward the rear of the lot, potentially creating an opportunity to explore additional construction in the front. Zoned LCR2*, the property may offer potential for a new home, ADU, or other development possibilities, subject to zoning requirements, lot dimensions, setbacks, permits, and city approval. Ideal for buyers looking to renovate, expand, or maximize the property's potential. Bring your vision and explore the possibilities this property has to offer! ***EXCLUSION: The storage unit located to the left of the house when facing the property from the street is not included in the sale. The buyer may submit a separate offer to purchase the storage unit, subject to the seller's approval and a separate written agreement.***
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1936
- Lot Size
- 5,101 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 | 1.0 | 2.0 |
| Square foot | 855 | 1,670.836 |
| Lot Size | 5,101 | 6,152.156 |
| Price | $565.0K | $1.34M |
| Price per sq ft | $661 | $807 |
| Built year | 1936 | 1941 |
| HOA | $0 | $238 |
| Days on market | 12 | 56 |
Pricing History
Listed for Sale
Oct 28, 2026
$565,000
Initial Listing
Sold
May 12, 2022
$535,000
Public Record
Sold
Nov 8, 2021
$350,000
Public Record
Sold
May 28, 1997
$55,000
Public Record