956 E 33rd Street, Los Angeles, California 90011, Los Angeles, 90011 - 3 bed, 1 bath
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Los Angeles, California 90011
This Value-Add Residential Asset represents a High-Potential Investment Opportunity listed at $525,000—positioned well below the $527,800 Fair Market Value by 1%. This valuation gap provides $2,800 in Instant Equity for buyers. While the 1905 structure carries a Condition Rating of 5 requiring a total rehab, the LARD2 zoning and 4,996 sqft lot offer significant development upside for an ADU addition. Located steps from Quincy Jones Elementary and minutes from Downtown Los Angeles, this is a strategic acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 956 E 33rd Street Subject | $525,000* List Price | 3 | 1 | 1,046 | $505 | - |
A 4416 Crocker Sold | $610,000 | 3 | 2 | 1,059 | $576 | 0.9 mi |
B 1626 E Martin Luther King Jr Boulevard Sold | $550,000 | 3 | 1 | 1,069 | $514 | 0.8 mi |
C 455 E 28th Street Sold | $675,000 | 3 | 1 | 1,116 | $605 | 0.6 mi |
D 1163 E 27th Pending | $499,000 List Price | 3 | 1 | 888 | $562 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1905, this property is a classic 'fixer-upper' requiring a total rehab. The kitchen is in hazardous condition with exposed plumbing and missing cabinetry, while the bathroom shows significant wear and dated fixtures. The use of portable AC units indicates a lack of modern HVAC, and the dilapidated backyard structures suggest safety concerns. The listing's focus on zoning and development potential confirms it is priced for land and structure value rather than move-in readiness.
The property features LARD2 zoning and a generous 4,996 sqft lot with a massive backyard, providing an ideal footprint for adding an ADU to generate rental income or exploring multi-unit development.
Situated with swift access to the 110 freeway and the thriving Downtown Los Angeles scene, this location is highly desirable for commuters and those seeking proximity to major employment and entertainment hubs.
Marketed as a 'diamond in the rough' with impressive high ceilings, this home offers a significant value-add opportunity for investors or buyers looking to build equity through a custom renovation.
Built in 1905 and sold in fixer-upper condition, the property will likely require substantial capital investment to update aged systems and structural elements to modern standards.
The current 3-bedroom, 1-bathroom configuration is a functional drawback for modern families and may necessitate a costly layout reconfiguration to add a second bathroom during the remodel.
Rare opportunity in Los Angeles! This classic 3-bedroom, 1-bathroom home is a true diamond in the rough, perfect for investors or homeowners ready to renovate and build equity in a high-demand area. The interior boasts impressive high ceilings that create a bright, airy feel, while the LARD2 zoning provides incredible versatility for future development. The property features a long driveway with ample parking and a massive backyard, offering the ideal footprint to add an ADU for rental income or multi-generational living. The location is unbeatable for urban living, offering swift access to the 110 freeway and the thriving dining and entertainment scene of Downtown Los Angeles. Whether you're looking for a primary residence with upside or a savvy addition to your portfolio, this lot and location offer limitless potential.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
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 | 1,046 | 1,162.5 | 34% |
| Lot Size | 4,996 | 4,568.5 | 56% |
| Price | $525.0K | $550.5K | 38% |
| Price per sq ft | $502 | $497 | 50% |
| Built year | 1905 | 1909 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 212 | 3% |
Apr 19, 2026
$525,000
Initial Listing