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3868 E 1st, Los Angeles, California 90063, Los Angeles, 90063 - 2 bed, 1 bath

3868 E 1st, Los Angeles, California 90063 home-pic-0
ACTIVE$360,000
3868 E 1st, Los Angeles, California 90063
2Beds
1Bath
608Sqft
2,234Lot
Year Built
1921
Close
-
List price
$360K
Original List price
$360K
Price/Sqft
$592
HOA
-
Days on market
-
Sold On
-
MLS number
RS25275205
Home ConditionTear down
Features
View-

About this home

Possibly Over-Priced:The estimated price is 13% below the list price. We found 3 Cons,5 Pros. Rank: price - $360.0K(6th), sqft - 608(2th), beds - 2(37th), baths - 1(43th).

Probate Sale (No Court Confirmation Required). Outstanding investor opportunity in the heart of East Los Angeles. This 2-bedroom, 1-bath home offers approximately 608 sq ft of living area on a 2,234 sq ft lot and is in need of significant repairs—ideal for a full remodel, rebuild, or creative value-add project. The property is centrally located with quick access to Downtown Los Angeles, major freeways, schools, and shopping. This is an affordable entry point into a rapidly improving neighborhood, perfect for contractors, flippers, or long-term investors. Do not miss this chance to transform this fixer into something special. Probate is more straightforward than many expect—contact me for details and guidance.

Price History

Date
Event
Price
12/12/25
Listing
$360,000
Condition Rating
Tear down
Built in 1921, this property is explicitly marketed as needing 'significant repairs' and being 'ideal for a full remodel, rebuild, or creative value-add project.' The images reveal an extremely dilapidated interior with exposed wiring, damaged walls, and severely outdated, unsanitary kitchen and bathroom facilities. The kitchen features very old, worn cabinetry and flooring, while the bathroom has stained linoleum and an outdated vanity. The overall condition suggests the structure is beyond practical repair for modern living, and its value is primarily in the land, aligning with the 'tear-down' criteria.
Pros & Cons

Pros

High Investor Appeal: Explicitly marketed as an 'outstanding investor opportunity' ideal for remodel, rebuild, or value-add projects, attracting a specific and motivated buyer pool.
Strategic Location: Centrally located in East Los Angeles with excellent access to Downtown LA, major freeways, schools, and shopping, enhancing its long-term value.
Accessible Price Point: Positioned as an 'affordable entry point' into the Los Angeles market, particularly for a single-family residence, broadening its appeal to investors and first-time buyers willing to renovate.
Streamlined Probate Process: The 'No Court Confirmation Required' aspect of the probate sale simplifies and expedites the transaction, reducing typical probate complexities and delays.
Neighborhood Appreciation Potential: Situated in a 'rapidly improving neighborhood,' suggesting strong potential for future property value appreciation post-renovation.

Cons

Extensive Renovation Required: The property is 'in need of significant repairs,' indicating a substantial financial and time commitment for a full remodel or rebuild.
Limited Living Space: With only 608 sq ft, the home offers a very small footprint, which may restrict its appeal to a broader market beyond investors looking to expand or rebuild.
Advanced Age of Structure: Built in 1921, the property is over a century old, likely necessitating updates to major systems (plumbing, electrical, HVAC) and potentially uncovering unforeseen structural issues during renovation.

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