3878 E 1st Street, Los Angeles, California 90063, Los Angeles, 90063 - 2 bed, 1 bath
ACTIVE$395,000
3878 E 1st Street, Los Angeles, California 90063
2Beds
1Bath
846Sqft
2,085Lot
Year Built
1913
Close
-
List price
$395K
Original List price
$399K
Price/Sqft
$467
HOA
-
Days on market
-
Sold On
-
MLS number
DW25135066
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $395.0K(6th), sqft - 846(20th), beds - 2(37th), baths - 1(43th).
FIXER!!!ready for investors or home owners looking to live in this East Los Angeles area only approx.. 15 minutes away from downtown L.A. this property is zone LCC3 that can also be converted into a business buyer to check with The City to verify what type of business will be allowed, Broker/Agent does not guarantee accuracy of square footage, permits use code, rent control or permits, this property is full of potential possibilities to own. Pictures coming soon. SELLER WILL NOT ENTERTAIN LOW BALL OFFERS ON BLIND OFFERS SELLER FIRM ON HER ASKING PRICE.
Price History
Date
Event
Price
10/30/25
Price Change
$395,000-5.7%
08/04/25
$419,000
06/26/25
$399,000
Condition Rating
Poor
This property, built in 1913 and explicitly marketed as a 'FIXER,' is in very poor condition. The images reveal significant deferred maintenance throughout, including extremely dated and worn-out kitchen fixtures (old, stained sink, speckled laminate/tile backsplash), dirty and worn flooring (likely old carpet), and general neglect in all visible interior spaces. The exterior shows signs of wear and age with old windows and stucco. There's no evidence of any significant renovations in recent decades. The property requires substantial repairs, rehabilitation, and modernization to be livable and comfortable, aligning perfectly with the 'Poor' condition criteria.
Pros & Cons
Pros
Strategic Location: Situated approximately 15 minutes from Downtown Los Angeles, offering convenient access to major employment centers, entertainment, and urban amenities.
Flexible Zoning: Zoned LCC3, providing unique potential for commercial conversion or mixed-use development, significantly expanding its utility and investment value beyond a typical residential property.
Value-Add Opportunity: Explicitly marketed as a 'FIXER,' this property presents an ideal opportunity for investors or owner-occupants to significantly increase equity through comprehensive renovation and customization.
Broad Market Appeal: The property's potential for both residential and commercial use, coupled with its 'fixer' status, appeals to a wide range of buyers, including both investors and homeowners.
Recent Price Adjustment: A recent price reduction from $419,000 to $395,000 makes the property more competitive and potentially more attractive to value-conscious buyers seeking an investment opportunity.
Cons
Extensive Renovation Required: Built in 1913 and described as a 'FIXER,' the property will necessitate substantial capital investment and time for comprehensive repairs, upgrades, and modernization to meet current standards.
Seller Negotiation Inflexibility: The seller's explicit statement of not entertaining 'low ball offers' or 'blind offers' suggests a potentially challenging negotiation process and a firm asking price.
Buyer Due Diligence Burden: The listing's disclaimer regarding the accuracy of square footage, permits, use code, and rent control places a significant responsibility on the buyer for thorough verification, introducing potential risks and unforeseen costs.