310 W 107th Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath

ACTIVE$795,000
310 W 107th Street, Los Angeles, California 90003
0Bed
0Bath
1,914Sqft
6,160Lot
Year Built
1940
Close
-
List price
$795K
Original List price
$795K
Price/Sqft
$415
HOA
-
Days on market
-
Sold On
-
MLS number
IN25167030
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $795.0K(55th), sqft - 1914(50th), beds - undefined(50th), baths - undefined(50th).
2 HOUSES on a Big Corner Lot fully rented. owner replaced roofs and sewers, property recently passed city inspection-Great Development opportunity to purchase an 6160 SF lot located in South LA, zoned as C2. A developer could build up to 23 units using entitlements from the city or continue with proposed plans that are already in the process to qualify for an 18 unit T.O.C. Tier 1 - 5 story multi use building. Plans are (non-RTI) but the owner has already went through many steps of the T.O.C. process and been approved to submit for final T.O.C. approval.
Price History
Date
Event
Price
07/24/25
Listing
$795,000
Condition Rating
Fair
The property was built in 1940, making it 84 years old. While the description notes that the 'owner replaced roofs and sewers' and the 'property recently passed city inspection,' indicating essential maintenance and functionality, there are no interior images provided. Without visual confirmation of the kitchen, bathrooms, flooring, appliances, or other interior features, it's impossible to assess their current condition, style, or modernity. Given the age of the property and the lack of explicit mention of recent extensive interior renovations, it is highly probable that the interior components, especially the kitchen and bathrooms, are outdated and would require significant updates to meet current quality standards and buyer expectations. The property is 'fully rented,' suggesting it is habitable, but this does not imply modern aesthetics or features. The primary value proposition appears to be the development opportunity of the C2 zoned lot, rather than the condition of the existing structures. Therefore, it falls into the 'Fair' category, as it is aged but maintained enough to be functional, yet likely requires substantial cosmetic and functional updates internally.
Pros & Cons
Pros
Exceptional Development Potential: Zoned C2 on a 6160 SF corner lot, allowing for significant multi-unit development (up to 23 units) in a high-demand area.
Advanced TOC Process: The owner has already made substantial progress in the T.O.C. approval process, significantly de-risking and accelerating future development for an 18-unit, 5-story building.
Immediate Income Stream: Features two existing houses that are fully rented, providing immediate cash flow while development plans are finalized.
Recent Property Upgrades & Compliance: Recent replacement of roofs and sewers, coupled with a passed city inspection, indicates a well-maintained current state and reduces immediate capital expenditure for the existing structures.
Strategic Corner Lot: The large corner lot offers enhanced visibility, accessibility, and flexibility for future development layouts.
Cons
Non-RTI Development Plans: The proposed development plans are 'non-RTI' (not Ready-To-Issue), meaning additional time, effort, and cost will be required to finalize permits before construction can begin.
Age of Existing Structures: Built in 1940, the existing duplex, despite recent upgrades, is old and primarily serves as an income generator until demolition for redevelopment, limiting its appeal for traditional residential buyers.
Niche Buyer Pool: The property's primary value lies in its complex development potential, narrowing the target buyer pool to experienced developers or investors familiar with large-scale projects and the T.O.C. process.