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123 E 108th Street, Los Angeles, California 90061, Los Angeles, 90061 - 3 bed, 2 bath

123 E 108th Street, Los Angeles, California 90061 home-pic-0
ACTIVE$549,900
123 E 108th Street, Los Angeles, California 90061
3Beds
2Baths
878Sqft
5,402Lot
Year Built
1929
Close
-
List price
$550K
Original List price
$550K
Price/Sqft
$626
HOA
-
Days on market
-
Sold On
-
MLS number
DW25219591
Home ConditionPoor
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 6% below the list price. We found 3 Cons,5 Pros. Rank: price - $549.9K(26th), sqft - 878(39th), beds - 3(50th), baths - 2(50th).

Great opportunity for owner-user or investor, house sits on a good size lot (Zoning LAR2). This 3-bedroom, 2-bath home offers endless possibilities for renovation or redevelopment adding instant value. With strong bones and a classic layout, this property is ready for your creative touch. Whether you're looking to restore it and live in it or for resale, rental income, long-term investment, the location and lot size make it an excellent opportunity. Easy access to major freeways makes commuting a breeze. Sold in as-in condition; seller did not live in this home and makes no representation or warranties regarding condition. Don't miss out on this one!!!

Price History

Date
Event
Price
09/17/25
Listing
$549,900
12/23/98
Sold
$132,500
02/19/98
Sold
$64,000
Condition Rating
Poor
Built in 1929, this property is in a state of significant disrepair, requiring substantial renovation throughout. The bathrooms are extremely outdated, dirty, and show extensive wear, needing complete modernization. The visible interior spaces feature old, stained tile flooring, heavily textured and dirty walls, and an ancient wall-mounted heater. The description explicitly states it's an 'as-is' sale, ready for 'renovation or redevelopment,' confirming its poor condition and the need for major rehabilitation to be livable and comfortable.
Pros & Cons

Pros

Investment & Redevelopment Potential: The property is explicitly marketed as a great opportunity for owner-users or investors, offering endless possibilities for renovation, redevelopment, resale, rental income, or long-term investment.
LAR2 Zoning & Generous Lot Size: Sitting on a good size 5402 sqft lot with LAR2 zoning, this property offers significant potential for expansion or multi-unit development, enhancing its long-term value.
Solid Foundation & Classic Layout: Described as having 'strong bones and a classic layout,' the property provides a robust structural base, which can be advantageous for renovation projects.
Strategic Location & Accessibility: The location offers 'easy access to major freeways,' making commuting convenient and increasing the property's appeal to a broad range of buyers.
Value-Add Opportunity: The home is presented as a canvas 'ready for your creative touch,' indicating substantial potential to add instant value through personalized renovations and upgrades.

Cons

As-Is Condition & Unknown Defects: Sold 'as-is' with no seller representations or warranties regarding condition, implying potential for significant hidden issues and requiring thorough due diligence and likely substantial repair costs.
Age of Property (1929): Built in 1929, the home is nearly a century old, suggesting outdated systems (electrical, plumbing, HVAC) and potential for age-related issues like lead paint or asbestos, necessitating extensive modernization.
Lack of Desirable Views: The property explicitly states 'None' for views, which can be a drawback in the competitive Los Angeles market where scenic views often command a premium.

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