715 E 83 Street, Los Angeles, CA 90001

Property Description

Investor / Flipper Special or value oriented homeowner – 2-Bed Home on Large Lot with Proposed Schematic Plan Included! Classic California bungalow located in the heart of the Florence neighborhood. This solid residence on a spacious 5,101 sq ft lot offers excellent potential for value-add investors, developers, and flippers. The property is being offered as-is with a proposed SCHEMATIC plan included in the listing materials. This conceptual redesign demonstrates how the existing floor plan can be optimized — including the potential to create a 3-bedroom configuration along with improved kitchen flow, pantry, built-in storage, and stacked laundry area. Opportunity Highlights: • Proposed Plan shows smart reconfiguration for better functionality and potential 3rd bedroom • Large 5,101 sq ft lot with strong ADU potential under LAR2 zoning, duplex +2 ADU • Classic single-story layout ready for interior updates • Ideal for investors seeking sweat equity or redevelopment projects Conveniently located in Florence with easy access to public transit, shopping, major freeways, and downtown LA. This is a prime opportunity for buyers looking to customize or maximize returns in a neighborhood with growing demand. Whether you’re a developer, house flipper, or visionary homeowner, bring your ideas and make it your own!