
Los Angeles, California 90023
This Value-Add Residential Income Duplex is listed at $700,000, representing a strategic acquisition in a high-demand urban pocket. While the list price exceeds the $612,086 Fair Market Value, the property’s 1994 Modern Construction and competitive price-per-square-foot offer a superior foundation compared to older area stock. Currently holding a Condition Rating of 5, the asset requires a full rehab to address structural porch issues and deferred maintenance. Located in the Los Angeles Unified School District, this 6-bedroom layout provides massive rental upside for Fix-and-Flip Investors or Buy-and-Hold Investors looking to force appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1006 S Concord Subject | $700,000* List Price | 5 | 3 | 2,607 | $269 | - |
A 3752 E 6th Sold | $845,000 | 0 | 0 | 2,624 | $322 | 0.8 mi |
B 958 S Concord Pending | $870,000 List Price | 5 | 4 | 2,576 | $338 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
At 30 years old, the property shows significant deferred maintenance. The exterior exhibits weathered stucco and a dilapidated front porch structure that appears structurally compromised, suggesting safety issues and a need for a full rehab.
As a spacious 6-bedroom, 4-bathroom duplex, this property offers significant rental income opportunities or a flexible 'house-hacking' arrangement for owner-occupants.
Built in 1994, the structure is considerably newer than the typical housing stock in the 90023 zip code, likely resulting in more modern systems and fewer age-related maintenance issues.
With a list price of $700,000 for over 2,600 square feet, the property offers an attractive price-per-square-foot ratio for the Los Angeles residential income market.
The high bedroom count suggests high-occupancy units, which typically require more intensive property management and result in higher wear and tear over time.
Located in a high-density neighborhood, the property may face common urban challenges such as limited street parking for tenants and a lack of secluded outdoor space.
Priced at $700,000, this well-configured duplex offers immediate income potential for the savvy investor. The property features two separate units — a spacious 3-bedroom, 2-bathroom unit and a comfortable 3-bedroom, 1-bathroom unit — offering flexibility for owner-occupants seeking rental income or investors looking to expand their portfolio. Currently tenant-occupied with reliable rental history. While the units retain their original character, the solid bones and functional layouts offer excellent upside potential for buyers looking to add value through updates and modernization. Ideally situated in Los Angeles, this duplex offers convenient access to major freeways, local shopping, dining, and public transportation — an attractive draw for tenants and future resale alike. Don't miss this opportunity to acquire a two-unit income property in a market where multi-family inventory remains in high demand. Schedule your showing today. Buyer to independently verify all information including square footage, unit configurations, zoning, rent roll, and lease terms.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.6 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,607 | 2,187.451 |
| Lot Size | 6,051 | 5,841.385 |
| Price | $700.0K | $841.5K |
| Price per sq ft | $269 | $385 |
| Built year | 1994 | 1928 |
| HOA | $0 | $0 |
| Days on market | 130 | 85 |
May 2, 2026
$700,000
Initial Listing
Jan 19, 2006
$525,000
Public Record
Mar 28, 1997
$184,000
Public Record
Aug 29, 1994
$195,000
Public Record