947 81, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath
947 81
Los Angeles, California 90044
Property Price
SUMMARY
Analysis of 947 81, Los Angeles, California 90044 is currently available with a list price of $998,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
The property was built in 1923, indicating significant age. While the listing mentions development potential with approved plans for multiple units, the existing structure shows signs of deferred maintenance and outdated finishes. The kitchen features older cabinetry and tilework, and the bathroom appears basic with an older vanity and tub surround. The overall condition of the current structures suggests substantial repairs and rehabilitation would be needed if not demolished for redevelopment. The value is primarily in the land and development opportunity, not the current condition of the buildings.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
Zoned LAR3 with approved plans for 7 units (6 units of 3 bed/2 bath with 2-car garages, and 1 unit of 2 bed/1 bath), offering significant upside for investors and builders.
- Prime Location
Strategically located within a 4-mile radius of SoFi Stadium and USC, and 5 miles from Crypto Arena, ensuring high demand and rental potential.
- Vacant Back House
The back house is delivered vacant, allowing for immediate rental income or development flexibility.
CONSRISKS & DEFICIENCIES
- Age of Property
Built in 1923, the existing structure may require significant renovation or updates to meet modern standards.
- Development Scope
While plans are approved, the actual construction and permitting process for 7 units will require substantial time, capital, and expertise.
- Lot Size for Density
A 9458 sqft lot for 7 units might be on the smaller side, potentially leading to challenges with parking, common areas, or future tenant satisfaction depending on the final build-out.
About 947 81
Calling for all Investors and Builders, value in the land Zone LAR3, the proposal plans are for 7 units which 6 unit has 2 stories 3 bedrooms and 2 bathrooms with 2 car garages and a unit has 2 bedrooms and 1 bathroom. Back house is delivered VACANT one of the best things in Los Angeles. Furthermore, Sofi Stadium and the USC campus are both within a 4-mile radius, and the Crypto Arena is a mere 5 miles away. A perfect option for astute investors seeking to seize opportunities in the thriving Los Angeles rental market. The property's exceptional location further enhances its attractiveness, offering convenient access to major roads, highways, and public transportation, making it a highly sought-after spot for potential tenants. Check it out and do not miss this opportunity to own it. Thank You.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1923
- Lot Size
- 9,458 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,502 | 2,004 | 24% |
| Lot Size | 9,458 | 6,253 | 94% |
| Price | $998.0K | $850.0K | 76% |
| Price per sq ft | $664 | $404 | 88% |
| Built year | 1923 | 1924 | 47% |
| HOA | $0 | $0 | 50% |
| Days on market | 342 | 239 | 94% |
Pricing History
Listed for Sale
Feb 10, 2026
$998,000
Initial Listing
Price Change
Mar 29, 2025
$1,199,000
Initial Listing