4010 Wall Street, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE UNDER CONTRACT$489,999
4010 Wall Street, Los Angeles, California 90011
2Beds
1Bath
1,008Sqft
4,275Lot
Year Built
1905
Close
-
List price
$490K
Original List price
$525K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
DW24152750
Home ConditionTear down
Features
View-
About this home
PROBATE SALE – COURT CONFIRMATION REQUIRED Fantastic opportunity for developers, investors, and buyers alike. Conveniently located near USC and Exposition Park, and steps away from the South-Central Historic District. The 2-bedroom, 1-bath home is situated on an R2 / LAC2 - zoned lot, 4,275 sq ft lot offering significant potential for development or expansion. The generously sized lot provides ample possibilities for maximizing its use. Don’t miss this opportunity – submit your best offer! Please note: PROBATE All offers are subject to court confirmation.
Nearby schools
3/10
Trinity Street Elementary School
Public,•K-5•0.1mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.2mi
/10
Maple Primary Center
Public,•K-1•0.3mi
5/10
Dolores Huerta Elementary School
Public,•K-5•0.7mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.7mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.7mi
2/10
Harmony Elementary School
Public,•K-5•0.7mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.7mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.8mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.0mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•1.0mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.1mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.2mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.4mi
4/10
Nevin Avenue Elementary School
Public,•K-5•1.5mi
5/10
Twentieth Street Elementary School
Public,•K-5•1.5mi
5/10
San Pedro Street Elementary School
Public,•K-5•1.5mi
2/10
John W. Mack Elementary School
Public,•K-5•1.7mi
4/10
Norwood Street Elementary School
Public,•K-5•1.8mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•0.6mi
3/10
George Washington Carver Middle School
Public,•6-8•0.8mi
4/10
John Adams Middle School
Public,•6-8•0.8mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•1.3mi
2/10
John Muir Middle School
Public,•6-8•2.0mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•2.3mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.1mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.2mi
3/10
Manual Arts Senior High School
Public,•9-12•1.2mi
5/10
Santee Education Complex
Public,•9-12•1.4mi
4/10
West Adams Preparatory High School
Public,•9-12•2.3mi
Price History
Date
Event
Price
08/01/25
$489,999
07/25/24
$525,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (31 Listings) | |
|---|---|---|---|
| Beds | 2 | 3 | 38% |
| Baths | 1 | 2 | 47% |
| Square foot | 1,008 | 1,196 | 38% |
| Lot Size | 4,275 | 5,148 | 31% |
| Price | $490K | $534K | 22% |
| Price per square foot | $486 | $499.5 | 50% |
| Built year | 1905 | 9550956 | 22% |
| HOA | |||
| Days on market | 468 | 196 | 97% |
Condition Rating
Tear down
Built in 1905, this property shows extreme signs of neglect and severe physical depreciation on the exterior, including heavily peeling paint, weathered wood, and an unkempt yard. The listing description emphasizes its 'significant potential for development or expansion' and targets 'developers, investors,' strongly indicating that the value lies in the R2/LAC2 zoned lot rather than the existing structure. With no evidence of major renovations in decades, the property appears unlivable in its current condition and likely requires demolition, aligning with the 'tear-down' criteria.
Pros & Cons
Pros
Development Potential: The property is situated on an R2 / LAC2-zoned 4,275 sq ft lot, offering significant potential for expansion or multi-unit development, making it highly attractive to developers and investors.
Strategic Location: Conveniently located near major institutions like USC and Exposition Park, and steps away from the South-Central Historic District, enhancing its appeal for rental income or future appreciation.
Investment Opportunity: As a probate sale, it presents a potential opportunity for investors to acquire a property with significant upside, especially considering its development potential in a desirable Los Angeles area.
Generous Lot Size: The 4,275 sq ft lot provides ample space, which is a key asset for maximizing the R2/LAC2 zoning benefits through expansion or redevelopment.
Recent Price Adjustment: The listing price has been reduced from $525,000 to $489,999, potentially indicating a more motivated selling situation and offering better value for a prospective buyer.
Cons
Probate Sale Complexity: The requirement for court confirmation in a probate sale introduces potential delays, legal complexities, and uncertainty into the transaction process, which can deter some buyers.
Advanced Age and Condition: Built in 1905, the existing 1008 sqft home is likely to require extensive renovation, modernization, and potential repairs to major systems, representing a significant additional investment.
Valuation Discrepancy: The current listing price is 23% higher than the property's estimated value, suggesting it may be overpriced relative to its current condition or market comparisons, necessitating thorough due diligence.