962 N Ditman, Los Angeles, California 90063, Los Angeles, 90063 - 3 bed, 1 bath
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962 N Ditman
Los Angeles, California 90063
ACTIVE
CONDITION: FAIR
3Beds
1Baths
1,392Sq Ft
8,948Lot Size
Property Price
LIST PRICE$739,900
EST. MARKET VALUE
$756,590
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $739,900—positioned well below the $756,590 Fair Market Value by 2%. This valuation gap offers $16,690 in Instant Equity for buyers. With a Fair Condition Rating, the 8,948 sqft lot provides significant ADU and development potential. Its proximity to Downtown LA and major freeways makes this a strategic asset for Buy-and-Hold Investors or Contractors seeking to maximize value through renovation or expansion.
Estimated Market Value
$756,590
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 |
|---|---|---|---|---|---|---|
★ 962 N Ditman Subject | $739,900* List Price | 3 | 1 | 1,392 | $544 | - |
A 4208 Blanchard Sold | $585,000 | 3 | 1 | 1,422 | $411 | 0.8 mi |
B 1140 N Ditman Ave Sold | $705,000 | 4 | 2 | 1,120 | $629 | 0.2 mi |
C 1211 Atwood Place Sold | $850,000 | 3 | 1 | 1,663 | $511 | 0.4 mi |
D 3179 Blanchard Street Pending | $653,350 List Price | 2 | 1 | 960 | $681 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Originally built in 1927, the property shows signs of a dated renovation (likely 20+ years old) with ceramic tile flooring and older fixtures. While the interior appears functional and lived-in, the exterior stucco shows wear, and the listing agent emphasizes the land value and 'tear down' potential, indicating that major systems and structural elements likely require significant updating to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8948, living area = 1392.
- Significant Development Potential
The oversized 8,948 sqft lot is a rare find in the City Terrace and Boyle Heights area, providing ample space for an ADU, property expansion, or even multi-unit development subject to zoning.
- Strategic Urban Location
Ideally situated minutes from Downtown Los Angeles, the Arts District, and Little Tokyo, with immediate access to major freeways and public transportation like the Metro Link.
CONSRISKS & DEFICIENCIES
- Inadequate Bathroom Count
The home features three large bedrooms but only one bathroom, which is a significant drawback for modern families and may necessitate a costly interior reconfiguration.
- Extensive Renovation Required
Built in 1927 and marketed as a 'potential' project, the property likely requires substantial capital investment to update systems and finishes to meet current market standards.
About 962 N Ditman
***HUGE LOT***THIS SPACIOUS PROPERTY OFFERS SO MUCH POTENTIAL FOR ADU OR EXPANSION. MAIN HOUSE OFFERS 1392 SQFT OF LIVING SPACE, 3 LARGE BEDROOMS, 1 BATHROOM, LARGE KITCHEN WITH DINING NOOK, SPACIOUS LIVING ROOM. THE HOME IS ELEVATED OFFERING A PEAK-A-BOO VIEW OF LOS ANGELES. ALL THIS ON A HUGE 8,948 SQFT LOT A RARITY IN CITY TERRACE AND BOYLE HEIGHTS AREA. SO MANY POSSIBILITIES..ADU?…TEAR DOWN BUILD APARTMENTS?..POOL?…CREATE PARKLIKE YARD?…SO MANY CHOICES! THE DETACHED GARAGE COULD POSSIBLY BE AN ADU. THIS IS AN INCREDIBLE OPPORTUNITY FOR HOMEOWNERS AND INVESTORS ALIKE. SITTING ON A GENEROUS LOT THIS PROPERTY IS AWAITING YOUR VISION TO BRING IT TO ITS FULLEST POTENTIAL. LOCATED MINUTES FROM DOWNTOWN LOS ANGELES, THE ARTS DISTRICT, LITTLE TOKYO, AND MAJOR FREEWAYS I-5,I-10, US 101. SHORT WALK TO METRO LINK AND PUBLIC TRANSPORTATION. The square footage, lot size, and bedroom/bathroom count are estimates buyers to verify these details independently. ADU and land use is subject to buyers investigation and approval of all applicable City of Los Angeles zoning regulations, building codes, and permit requirements.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1927
- Lot Size
- 8,948 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,392 | 1,664.159 |
| Lot Size | 8,948 | 6,066.556 |
| Price | $739.9K | $1.35M |
| Price per sq ft | $532 | $806 |
| Built year | 1927 | 1939 |
| HOA | $0 | $278 |
| Days on market | 35 | 55 |
Pricing History
Listed for Sale
Aug 5, 2026
$739,900
Initial Listing
Sold
Dec 30, 2013
$270,000
Public Record
Sold
Nov 7, 1996
$146,000
Public Record