1649 E 115th Street, Los Angeles, California 90059, Los Angeles, 90059 - 4 bed, 1 bath
ACTIVE$475,000
1649 E 115th Street, Los Angeles, California 90059
4Beds
1Bath
1,388Sqft
6,151Lot
Year Built
1931
Close
-
List price
$475K
Original List price
$475K
Price/Sqft
$342
HOA
-
Days on market
-
Sold On
-
MLS number
25556071
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 50% below the list price. We found 3 Cons,6 Pros. Rank: price - $475.0K(13th), sqft - 1388(68th), beds - 4(75th), baths - 1(43th).
Investor Delight! This diamond in the rough is your chance to unlock the potential of a 4-bedroom, 1-bathroom home spanning 1,388 sq. ft. on a 6,149 sq. ft. LAR1 zoned lot. Whether you're looking to renovate, rebuild, or hold for long-term value, this is the kind of opportunity savvy investors wait for. Located in South Los Angeles, this probate sale requires court confirmation and is being sold as-is, making it ideal for an all-cash buyer ready to take on a project. With its generous lot size, the possibilities are there for those with vision and experience. Don't miss this rare chance to breathe new life into a property with solid bones.
Nearby schools
2/10
Lovelia P. Flournoy Elementary School
Public,•K-5•0.3mi
3/10
Grape Street Elementary School
Public,•K-5•0.5mi
3/10
One Hundred Twelfth Street Elementary School
Public,•K-5•0.5mi
3/10
Compton Avenue Elementary School
Public,•K-5•0.8mi
5/10
Martin Luther King Elementary School
Public,•PK-6•1.0mi
5/10
Ritter Elementary School
Public,•K-5•1.0mi
4/10
One Hundred Sixteenth Street Elementary School
Public,•K-5•1.0mi
2/10
One Hundred Ninth Street Elementary School
Public,•K-5•1.0mi
2/10
Weigand Avenue Elementary School
Public,•K-5•1.1mi
3/10
Ninety-Sixth Street Elementary School
Public,•K-6•1.3mi
5/10
Ninety-Ninth Street Elementary School
Public,•K-6•1.4mi
4/10
Ninety-Second Street Elementary School
Public,•K-6•1.6mi
5/10
Lincoln Elementary School
Public,•K-5•1.6mi
6/10
Montara Avenue Elementary School
Public,•K-6•1.8mi
4/10
Judith F. Baca Arts Academy
Public,•K-6•1.8mi
4/10
Stanford Avenue Elementary School
Public,•K-5•2.0mi
5/10
Lindbergh Elementary School
Public,•K-6•2.0mi
7/10
Willow Elementary
Public,•K-5•2.1mi
4/10
Griffin Avenue Elementary School
Public,•K-5•9.7mi
2/10
Lincoln Elementary School
Public,•K-7•0.3mi
3/10
Carver Elementary School
Public,•PK-8•0.6mi
3/10
Edwin Markham Middle School
Public,•6-8•0.8mi
5/10
Willowbrook Middle School
Public,•6-8•1.1mi
2/10
Bunche Middle School
Public,•6-8•1.2mi
2/10
Southeast Middle School
Public,•6-8•1.5mi
2/10
Samuel Gompers Middle School
Public,•6-8•1.9mi
1/10
Charles Drew Middle School
Public,•6-8•2.1mi
2/10
Cesar Chavez Middle School
Public,•6-8•2.4mi
3/10
Lynwood Middle School
Public,•7-8•2.5mi
9/10
Compton Early College High
Public,•9-12•1.1mi
2/10
David Starr Jordan Senior High School
Public,•9-12•1.2mi
3/10
Centennial High School
Public,•9-12•1.2mi
6/10
South East High School
Public,•9-12•1.6mi
4/10
Lynwood High School
Public,•9-12•3.0mi
3/10
John C. Fremont Senior High School
Public,•9-12•3.1mi
4/10
Marco Antonio Firebaugh High School
Public,•9-12•3.6mi
6/10
International Studies Learning Center At Legacy High School Complex
Public,•6-12•3.8mi
Price History
Date
Event
Price
11/09/88
Sold
$183,500
Condition Rating
Poor
Built in 1931, this property is explicitly marketed as an 'Investor Delight' and a 'diamond in the rough' requiring 'extensive renovation' and being sold 'as-is' to an 'all-cash buyer ready to take on a project.' The exterior images confirm significant neglect, with an overgrown yard, cracked driveway, worn and peeling paint, security bars on windows, and visible disrepair on the roofline. While the description mentions 'solid bones,' the overall condition strongly indicates that the property is currently unsafe or very uncomfortable to live in and requires substantial repairs and rehabilitation across all major components. The kitchen and bathroom, given the age and lack of renovation, are undoubtedly in poor condition, requiring complete modernization and replacement.
Pros & Cons
Pros
Great Schools: High School: Compton Early College High (9/10).
Investor Opportunity: Explicitly marketed as an 'Investor Delight' with significant potential for renovation, rebuilding, or long-term value appreciation.
Generous Lot Size: A substantial 6,149 sq. ft. lot provides ample space for potential expansion, landscaping, or the addition of an Accessory Dwelling Unit (ADU).
LAR1 Zoning: The LAR1 zoning offers flexibility for development, allowing for single-family residential use with potential for increased density or value-add projects.
Solid Structural Foundation: Described as having 'solid bones,' suggesting the underlying structure is sound, which can reduce the scope and cost of major structural repairs during renovation.
4-Bedroom Layout: The existing 4-bedroom configuration provides a strong foundation for a family home or a multi-unit rental property after renovation, appealing to a broad market.
Cons
Probate Sale & Court Confirmation: The property is a probate sale requiring court confirmation, which can lead to extended transaction timelines, additional legal complexities, and potential delays.
Extensive Renovation Required: Being sold 'as-is' and described as a 'diamond in the rough,' the property demands significant investment and extensive renovation to unlock its full potential and address its current condition.
All-Cash Buyer Requirement: The stipulation for an all-cash buyer severely limits the pool of prospective purchasers, potentially prolonging market time and impacting the final sale price.