315 W 120th Street, Los Angeles, California 90061, Los Angeles, 90061 - 3 bed, 1 bath
ACTIVE$500,000
315 W 120th Street, Los Angeles, California 90061
3Beds
1Bath
956Sqft
5,310Lot
Year Built
1921
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
$523
HOA
-
Days on market
-
Sold On
-
MLS number
25514691
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $500.0K(26th), sqft - 956(43th), beds - 3(50th), baths - 1(48th).
BACK ON THE MARKET! SHOWINGS 12/6/26 from 12:00 noon to 3pm. PROBATE MAJOR FIXER. EXCELLENT INVESTOR OPPORTUNITY! *NO COURT CONFIRMATION REQUIRED* Property sits on a nice size R3 lot. Property to be SOLD "AS IS". Seller will NOT make any repairs .
Price History
Date
Event
Price
03/20/25
Listing
$500,000
Condition Rating
Poor
This property, built in 1921, is explicitly marketed as a 'MAJOR FIXER' and is being sold 'AS IS' with no seller repairs. The advanced age of the structure (over 100 years old) strongly suggests outdated systems, including plumbing, electrical, and HVAC, as well as potential structural issues. While no interior photos are available, the description indicates that the kitchen and bathroom, along with all other major components, would require substantial repairs, rehabilitation, and likely full replacement to meet modern standards and ensure safety and comfort. This aligns with the 'poor' condition criteria, requiring significant capital investment.
Pros & Cons
Pros
R3 Zoning & Development Potential: The R3 zoning on a 5,310 sqft lot offers significant development potential for multi-family units, making it highly attractive to investors.
Streamlined Probate Sale: The 'NO COURT CONFIRMATION REQUIRED' status significantly simplifies and expedites the probate sale process, reducing typical delays and complexities.
Investor-Ready Opportunity: Explicitly marketed as an 'EXCELLENT INVESTOR OPPORTUNITY' due to its 'major fixer' status, appealing directly to those seeking value-add projects.
Desirable Los Angeles Market: Located in Los Angeles, the property benefits from a robust and high-demand real estate market, offering strong long-term appreciation potential.
Generous Lot Size: The 5,310 sqft lot size is substantial for an urban Los Angeles property, providing ample space for potential expansion, landscaping, or redevelopment under its R3 zoning.
Cons
Extensive Renovation Required: Described as a 'MAJOR FIXER' and sold 'AS IS' with no seller repairs, indicating substantial renovation costs and effort for the buyer.
Advanced Age of Structure: Built in 1921, the property is over a century old, suggesting potential for outdated systems (plumbing, electrical, HVAC) and structural issues requiring significant capital investment.
Limited Interior Space & Layout: At 956 sqft for 3 bedrooms and 1 bathroom, the interior living space is quite compact and the single bathroom may be insufficient for a 3-bedroom home, potentially requiring layout modifications.