1718 E 113th Street, Los Angeles, California 90059, Los Angeles, 90059 - 2 bed, 1 bath
ACTIVE UNDER CONTRACT$750,000
1718 E 113th Street, Los Angeles, California 90059
2Beds
1Bath
1,406Sqft
6,850Lot
Year Built
1942
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
$533
HOA
-
Days on market
-
Sold On
-
MLS number
25524937
Home ConditionTear down
Features
View-
About this home
Possibly Over-Priced:The estimated price is 38% below the list price. We found 3 Cons,6 Pros. Rank: price - $750.0K(92th), sqft - 1406(72th), beds - 2(28th), baths - 1(43th).
An exceptional investment opportunity awaits with this unique offering that includes THREE separate APNs (total of 13,721 sqft; 0.32 acres - all being sold together), creating a rare chance for redevelopment, expansion, or long-term hold in a high-demand area. Taking advantage of the latest Assembly Bills/Senate Bills with relaxed guideline for approval process, and helping to create more housing. Whether you're looking to build multiple units, subdivide, or maximize rental income, this parcel grouping offers unmatched flexibility. The property offers offering investors the opportunity to bring their vision and capitalize on the property's full potential. With generous lot square footage spread across the three parcels, the possibilities are extensive. ADUs, multi-unit development, or even a full reconfiguration! The choice is yours! Make this rare chance a reality for you!
Nearby schools
2/10
Lovelia P. Flournoy Elementary School
Public,•K-5•0.2mi
3/10
Grape Street Elementary School
Public,•K-5•0.3mi
3/10
One Hundred Twelfth Street Elementary School
Public,•K-5•0.6mi
3/10
Compton Avenue Elementary School
Public,•K-5•0.7mi
5/10
Ritter Elementary School
Public,•K-5•0.9mi
5/10
Martin Luther King Elementary School
Public,•PK-6•1.0mi
2/10
Weigand Avenue Elementary School
Public,•K-5•1.0mi
2/10
One Hundred Ninth Street Elementary School
Public,•K-5•1.1mi
4/10
One Hundred Sixteenth Street Elementary School
Public,•K-5•1.1mi
3/10
Ninety-Sixth Street Elementary School
Public,•K-6•1.2mi
5/10
Ninety-Ninth Street Elementary School
Public,•K-6•1.4mi
4/10
Ninety-Second Street Elementary School
Public,•K-6•1.5mi
5/10
Lincoln Elementary School
Public,•K-5•1.5mi
6/10
Montara Avenue Elementary School
Public,•K-6•1.6mi
4/10
Judith F. Baca Arts Academy
Public,•K-6•1.7mi
4/10
Stanford Avenue Elementary School
Public,•K-5•1.8mi
5/10
Lindbergh Elementary School
Public,•K-6•1.9mi
7/10
Willow Elementary
Public,•K-5•2.0mi
4/10
Griffin Avenue Elementary School
Public,•K-5•9.6mi
2/10
Lincoln Elementary School
Public,•K-7•0.4mi
3/10
Edwin Markham Middle School
Public,•6-8•0.7mi
3/10
Carver Elementary School
Public,•PK-8•0.7mi
2/10
Bunche Middle School
Public,•6-8•1.1mi
5/10
Willowbrook Middle School
Public,•6-8•1.1mi
2/10
Southeast Middle School
Public,•6-8•1.4mi
2/10
Samuel Gompers Middle School
Public,•6-8•2.0mi
1/10
Charles Drew Middle School
Public,•6-8•2.0mi
2/10
Cesar Chavez Middle School
Public,•6-8•2.3mi
3/10
Lynwood Middle School
Public,•7-8•2.5mi
2/10
David Starr Jordan Senior High School
Public,•9-12•1.0mi
9/10
Compton Early College High
Public,•9-12•1.1mi
3/10
Centennial High School
Public,•9-12•1.3mi
6/10
South East High School
Public,•9-12•1.5mi
4/10
Lynwood High School
Public,•9-12•2.9mi
3/10
John C. Fremont Senior High School
Public,•9-12•3.0mi
4/10
Marco Antonio Firebaugh High School
Public,•9-12•3.5mi
6/10
International Studies Learning Center At Legacy High School Complex
Public,•6-12•3.7mi
Condition Rating
Tear down
The property was built in 1942, over 50 years ago. The listing description explicitly states the existing structure is 'likely dated and may require substantial renovation or demolition,' and heavily emphasizes the land's redevelopment potential (ADUs, multi-unit development). No interior images are provided, indicating the current living spaces, including the kitchen and bathroom, are not considered selling points and are likely in very poor, outdated condition. The property's value is clearly based on the land and its potential for redevelopment, aligning with the 'Tear-down' criteria.
Pros & Cons
Pros
Great Schools: High School: Compton Early College High (9/10).
Exceptional Investment Opportunity: The property is explicitly marketed as an exceptional investment opportunity, highlighting potential for redevelopment, expansion, or long-term hold.
Multiple Parcels: Includes three separate APNs totaling 13,721 sqft (0.32 acres), providing a unique and substantial contiguous land area for development.
Extensive Development Potential: Offers unmatched flexibility for ADUs, multi-unit development, subdivision, or full reconfiguration, supported by relaxed guidelines from recent Assembly/Senate Bills.
High-Demand Area: Located in a high-demand area, suggesting strong market interest and potential for appreciation and successful redevelopment projects.
Vision Capitalization: Provides investors with the opportunity to bring their vision and capitalize on the property's full potential due to its size and development flexibility.
Cons
Significant Overpricing: The list price of $750,000 is 38% higher than the estimated property value of $461,804.575, indicating a potentially aggressive valuation for the current state or development potential.
Age and Condition of Existing Structure: Built in 1942, the existing 2-bed, 1-bath home is likely dated and may require substantial renovation or demolition, adding significant costs to any redevelopment project.
Lack of Desirable Views: The property explicitly states 'view: None,' which could be a drawback for potential residents or future tenants seeking aesthetic appeal.