1138 S Indiana Street, Los Angeles, California 90023, Los Angeles, 90023 - 2 bed, 1 bath
ACTIVE$425,000
1138 S Indiana Street, Los Angeles, California 90023
2Beds
1Bath
912Sqft
6,041Lot
Year Built
1921
Close
-
List price
$425K
Original List price
$425K
Price/Sqft
$466
HOA
-
Days on market
-
Sold On
-
MLS number
25542987
Home ConditionTear down
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $425.0K(13th), sqft - 912(26th), beds - 2(26th), baths - 1(50th).
Outstanding opportunity to purchase a three bedroom fixer. Great opportunity and retail potential for business.Property is being sold as is and with easement for billboard. Billboard is excluded from sale..
Price History
Date
Event
Price
05/23/25
Listing
$425,000
Condition Rating
Tear down
This property, built in 1921, is explicitly described as a 'fixer' and 'sold as is.' The single provided image shows boarded-up windows, indicating the property is unlivable and likely unsafe. The complete absence of interior photos, especially of the kitchen and bathroom, strongly suggests these areas are in severe disrepair, stripped, or non-functional. Given its age, condition, and the 'fixer' status, the structure is likely beyond repair without extensive and costly rehabilitation, making its primary value in the land and its potential for redevelopment.
Pros & Cons
Pros
Competitive Price Point: At $425,000, this property offers an accessible entry into the high-demand Los Angeles real estate market, appealing to investors and value-seeking buyers.
Generous Lot Size: The 6,041 sqft lot provides significant potential for expansion, adding an Accessory Dwelling Unit (ADU), or creating enhanced outdoor living spaces.
Strategic Los Angeles Location: Situated in East Los Angeles (90023), the property benefits from being in a high-demand urban market with strong appreciation potential and access to city amenities.
Significant Value-Add Opportunity: Described as a 'fixer,' this property presents an excellent opportunity for buyers to customize, renovate, and substantially increase its equity and market value.
Potential for Mixed-Use/Retail: The listing explicitly mentions 'retail potential for business,' suggesting flexible zoning or a strategic location that could appeal to entrepreneurs looking for a live/work space or a dedicated business location.
Cons
Extensive Renovation & 'As-Is' Condition: The property requires substantial investment for repairs and upgrades, being sold 'as-is' and built in 1921, implying potential major system overhauls (plumbing, electrical, roof).
Billboard Easement & Exclusion: The presence of an easement for a billboard, with the billboard itself explicitly excluded from the sale, introduces a unique encumbrance that could affect property use, aesthetics, and future development without any associated income.
Compact Current Living Space: With only 912 sqft and 2 bedrooms, the existing interior space is quite limited, potentially requiring expansion to meet modern living demands or accommodate larger households.