Welcome to 550 W 118th St, a 3 bedroom, 1 bathroom single family residence located in the heart of Los Angeles. This charming home boasts incredible potential, with many of its original features still intact, including beautiful hardwood floors that add character to the space. Additionally, the property includes a detached studio/ ADU in the backyard, complete with a full bathroom perfect for guests, additional rental income, or as a private workspace. The large lot offers RV access and ample parking, providing flexibility for additional vehicles or outdoor projects. While this home is a fixer and will be sold as is, it offers tremendous opportunity for the right buyer. Its prime location near the 105 and 110 freeways allows for easy access to SoFi Stadium, LAX, the Kia Forum, and the upcoming Intuit Dome. With some TLC, this property could become a dream home in an increasingly desirable area. Don’t miss out on this incredible opportunity!
Sold for $620,000
Listed by: Abundance Real Estate • Connor Duffy • Contact: 951-260-2098
Bought with: Kenneth Wei, Broker
Tax assessed value
$620,000
550 W 118th St, Los Angeles, CA 90044
3beds
1,096sqft
Single Family Residence
Built in 1942
6,169 Square Feet Lot
$692,900 Zestimate®
$566/sqft
$3,375 Estimated rent
Home value
$692,900
$651,000 - $728,000
$3,375/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Connor Duffy DRE #02167870 connor@abundancerei.com,
Abundance Real Estate,
Anthony Anselmo DRE #02159710,
Abundance Real Estate
Bought with:
Ken Wei, DRE #01960918
Kenneth Wei, Broker
Source: CRMLS,MLS#: SW24183887
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Rooms
- Room types: Bedroom, Kitchen, Laundry, Primary Bedroom, Dining Room
Bedroom
- Features: All Bedrooms Down
Bathroom
- Features: Bathtub, Closet, Separate Shower, Tile Counters, Tub Shower
Kitchen
- Features: Pots & Pan Drawers, Tile Counters
Heating
- Central
Cooling
- None
Appliances
- Included: Gas Water Heater
- Laundry: Washer Hookup, Gas Dryer Hookup, Inside
Features
- Ceiling Fan(s), Separate/Formal Dining Room, Tile Counters, Unfurnished, All Bedrooms Down
- Flooring: Tile, Wood
- Doors: Insulated Doors
- Windows: Insulated Windows
- Has fireplace: Yes
- Fireplace features: Family Room, Gas
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,096 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Garage
- Garage spaces: 2
Accessibility
- Accessibility features: Safe Emergency Egress from Home, No Stairs, Parking
Features
- Levels: One
- Stories: 1
- Entry location: Front Door
- Patio & porch: Front Porch, Patio
- Exterior features: TV Antenna
- Pool features: None
- Spa features: None
- Fencing: Chain Link,Fair Condition,Wood,Wrought Iron
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 6,169 Square Feet
- Features: 2-5 Units/Acre, Back Yard, Paved, Rectangular Lot
Details
- Additional structures: Shed(s)
- Parcel number: 6088025003
- Zoning: LAR1
- Special conditions: Trust
- Other equipment: Satellite Dish
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence
Materials
- Stucco
- Roof: Flat Tile
Condition
- Fixer,Repairs Cosmetic
- New construction: No
- Year built: 1942
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs, Street Lights
- Security: Window Bars
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $566/sqft
- Tax assessed value: $620,000
- Annual tax amount: $7,683
- Date on market: 9/5/2024
- Cumulative days on market: 8 days
- Listing terms: Cash,Conventional,Submit
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/11/2024 | Sold | $620,000+3.3%$566/sqft |
Source:  CRMLS #SW24183887 Report a problem | ||
| 9/14/2024 | Pending sale | $599,990$547/sqft |
Source: CRMLS #SW24183887 Report a problem | ||
| 9/5/2024 | Listed for sale | $599,990-3.2%$547/sqft |
Source: CRMLS #SW24183887 Report a problem | ||
| 10/12/2023 | Sold | $620,000$566/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,683 +976.8% | $620,000 +1384.7% |
| 2024 | $714 +1.4% | $41,760 +2% |
| 2023 | $704 +3.9% | $40,942 +2% |
| 2022 | $677 +2.2% | $40,140 +2% |
| 2021 | $663 -0.1% | $39,353 +1% |
| 2020 | $663 | $38,950 +2% |
| 2019 | $663 +16.7% | $38,187 +2% |
| 2018 | $568 | $37,439 +2% |
| 2017 | $568 +2.4% | $36,706 +2% |
| 2016 | $555 +4.8% | $35,987 +1.5% |
| 2015 | $530 -0.8% | $35,447 +2% |
| 2014 | $534 | $34,753 +2.5% |
| 2012 | -- | $33,919 +2% |
| 2011 | -- | $33,255 +0.7% |
| 2010 | -- | $33,008 -0.2% |
| 2009 | -- | $33,087 +2% |
| 2008 | -- | $32,439 +2% |
| 2007 | -- | $31,804 +2% |
| 2006 | -- | $31,181 |
| 2005 | -- | $31,181 +4% |
| 2004 | -- | $29,971 +1.9% |
| 2003 | -- | $29,423 +2% |
| 2002 | -- | $28,847 +4% |
| 2000 | -- | $27,728 |
Find assessor info on the county website
Neighborhood: South Los Angeles
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Nearby schools
GreatSchools rating
- 3/10West Athens Elementary SchoolGrades: K-5Distance: 0.6 mi
- 6/10Animo Charter Middle No. 3Grades: 6-8Distance: 1.4 mi
- 3/10Alain Leroy Locke College Prep AcademyGrades: 9-12Distance: 1.2 mi
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Estimated market value
$692,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$692,900
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