8471 Zamora Avenue, Los Angeles, California 90001, Los Angeles, 90001 - 2 bed, 1 bath
ACTIVE$580,000
8471 Zamora Avenue, Los Angeles, California 90001
2Beds
1Bath
940Sqft
5,792Lot
Year Built
1925
Close
-
List price
$580K
Original List price
$580K
Price/Sqft
$617
HOA
-
Days on market
-
Sold On
-
MLS number
25535099
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 25% below the list price. We found 3 Cons,5 Pros. Rank: price - $580.0K(54th), sqft - 940(42th), beds - 2(46th), baths - 1(50th).
Great opportunity for Investor builder or buyers looking to build equity. Located in the heart of Los Angeles, This 2 bed, 1 bath fixer sits on a generous lot and comes with fully approved plans and permits to build a 551 sq ft 2 bed, 2 bath addition making this a shovel-ready project. Whether you're looking to renovate and hold, flip, or expand for added value, this property offers tremendous upside. Located in a high-demand rental and ownership area near schools, shops, and transit. Don't miss your chance to bring this property to its full potential!
Price History
Date
Event
Price
10/17/23
Sold
$380,000
Condition Rating
Poor
The property, built in 1925, is explicitly described as a 'fixer' requiring 'substantial renovation and capital investment.' The exterior images show an unmaintained home with faded paint, minimal landscaping, and an overgrown yard, consistent with a property that has not seen significant updates in many decades. While there are approved plans for an addition, the current structure likely has major components (kitchen, bathroom, systems) that are very old, outdated, and in poor condition, necessitating extensive repairs and rehabilitation to be functional and competitive. The lack of interior photos further supports the assessment of a poor internal condition.
Pros & Cons
Pros
Shovel-Ready Expansion Project: The property comes with fully approved plans and permits for a 551 sq ft 2 bed, 2 bath addition, making it a shovel-ready project that significantly reduces development time and risk for investors.
Strong Investment Potential: Explicitly marketed as a 'great opportunity for Investor builder or buyers looking to build equity,' offering clear pathways for renovation, flipping, or expanding for added value.
Generous Lot Size: A substantial 5,792 sqft lot provides ample space for the approved expansion and potential future enhancements, which is valuable in a dense urban environment.
High-Demand Location: Located in a high-demand rental and ownership area near schools, shops, and transit, enhancing its appeal for both potential renters and future buyers.
Central Los Angeles Address: Situated 'in the heart of Los Angeles,' offering excellent connectivity and convenient access to urban amenities, employment centers, and transportation.
Cons
Fixer Condition & Required Investment: The property is explicitly described as a 'fixer,' indicating it requires substantial renovation and capital investment beyond the planned addition to be fully functional and competitive.
Significant Overpricing Relative to Market Estimation: The list price of $580,000 is 25% higher than the estimated property value of $430,404, suggesting it may be significantly overpriced in its current 'fixer' state.
Limited Current Living Space: The existing 2 beds, 1 bath, and 940 sqft are relatively small, which may limit appeal to buyers not specifically seeking a renovation project or those needing more immediate living space.