947 W 81st St, Los Angeles, California 90044, Los Angeles, 90044 - 0 bed, 0 bath
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947 W 81st St
Los Angeles, California 90044
ACTIVE
CONDITION: POOR
0Beds
0Baths
1,502Sq Ft
9,458Lot Size
Property Price
LIST PRICE$868,000
EST. MARKET VALUE
$760,715
14% AboveMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is a Residential Income Asset listed at $868,000, positioned well above the $760,716 Fair Market Value. While the property requires significant capital expenditure due to its Fair Condition Rating (1923 build), the 9,458 SQFT lot offers substantial upside through a proposed 7-unit development plan. Delivered vacant, this site provides immediate access for construction. This is a strategic acquisition for Buy-and-Hold Investors or Real Estate Developers focused on long-term density and rental yield in Los Angeles.
Estimated Market Value
$760,715
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 |
|---|---|---|---|---|---|---|
★ 947 W 81st St Subject 0 bd · 0 ba · 1,502 sqft · $506 | $868,000* List Price | 0 | 0 | 1,502 | $506 | - |
A 8701 Menlo Active 0 bd · 0 ba · 1,430 sqft · $489 · 0.5 mi | $699,900 List Price | 0 | 0 | 1,430 | $489 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1923 with no evidence of recent renovations to systems or interiors. Photos show peeling paint, dated tile flooring, and significant wear. The listing's focus on development potential for 7 units and the 100+ year age suggest the structure requires a full rehab or is being sold primarily for land value.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Development Potential
The property offers a rare opportunity for developers with existing plans for a 7-unit complex, significantly increasing the potential ROI and density of the site.
- Expansive Lot Size
At 9,458 SQFT, the oversized lot provides exceptional flexibility for expansion, ADU construction, or large-scale redevelopment in a dense Los Angeles submarket.
- Delivered Vacant
The property will be delivered vacant, allowing the new owner to immediately initiate construction or lease units at current market rates without tenant relocation hurdles.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1923, the existing duplex likely requires substantial modernization of major systems like plumbing and electrical if the structures are to be preserved.
- Due Diligence Requirements
The buyer is responsible for verifying all plans and permits with the city, indicating that the development project may not yet be fully entitled or shovel-ready.
About 947 W 81st St
GREAT OPPORTUNITY FOR HOMEOWNERS, INVESTORS & DEVELOPERS! Welcome to 947 W 81st St, Los Angeles! This versatile duplex sits on a spacious 9,458 SQFT lot, offering incredible potential for both comfortable living and future investment. Perfect for buyers looking to live in one unit and rent out the other for additional income, or for investors seeking rental income and long-term appreciation. For developers, the property offers exciting expansion potential with plans for a total of 7 units, including six 3-bedroom, 2-bathroom units with attached 2-car garages and one 2-bedroom, 1-bathroom unit. Conveniently located near schools, shopping, dining, and major freeways. Whether you’re looking for a place to call home, an income-producing property, or your next development project, this property offers endless possibilities! Property to be delivered vacant. Buyer to verify all plans, permits, zoning, and development potential with the City of Los Angeles.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1923
- Lot Size
- 9,458 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Danny J. Bakewell, Sr., Primary Center
Grades K • 0.5 mi
0/10
Manchester Avenue Elementary School
Grades 1-6 • 0.6 mi
4/10
Raymond Avenue Elementary School
Grades K-5 • 0.6 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 1,502 | 2,090.331 |
| Lot Size | 9,458 | 5,852.908 |
| Price | $868.0K | $830.9K |
| Price per sq ft | $578 | $394 |
| Built year | 1923 | 1928 |
| HOA | $0 | $0 |
| Days on market | 18 | 87 |
Pricing History
Listed for Sale
Oct 22, 2026
$868,000
Initial Listing
Sold
Sep 17, 2026
$150,000
Public Record
Sold
Jul 5, 2022
$735,000
Public Record