1012 Lord Street, Los Angeles, California 90033, Los Angeles, 90033 - 5 bed, 3 bath
1012 Lord Street
Los Angeles, California 90033
Property Price
SUMMARY
Analysis of 1012 Lord Street, Los Angeles, California 90033 reveals a Prime Investment Opportunity with a current list price of $855,000—significantly undercutting the $906,928 Fair Market Value by 5%. This valuation gap indicates a +$51,928 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1012 Lord Street Subject | $855,000* List Price | 5 | 3 | 1,668 | $544 | - |
A 622 Cornwell Active | $927,000 List Price | 5 | 2 | 1,471 | $630 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1949, the property has undergone an extensive full remodel of both the front and rear units within the last few years. It features significant infrastructure upgrades including a brand-new AC system, a recently replaced roof, and an updated electrical panel. The interiors are turn-key with modern kitchen and bathroom finishes, updated flooring, and new fixtures throughout, meeting the highest standards for a fully renovated property.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Unit Income Potential
The property features a 3-bedroom front home and a separate 2-bedroom rear unit, offering exceptional flexibility for rental income, multi-generational living, or a private guest suite.
- Turn-key Modern Upgrades
Both residences have been fully remodeled and include major infrastructure improvements such as a brand-new AC system, a recently replaced roof, and an updated electrical panel, reducing immediate maintenance costs.
- Strategic Location and Parking
Located minutes from Downtown LA and USC Medical Center with easy freeway access, the property includes a rare long driveway that provides ample off-street parking in a high-density urban area.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1668, other record living area = 940. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
- Limited Outdoor Space
With two separate dwellings situated on a 4,610-square-foot lot, there is minimal private yard or green space available for recreation or gardening.
- Compact Living Quarters
The total living area of 1,668 square feet is distributed across five bedrooms and two units, which may result in smaller individual room dimensions and a high-density feel.
About 1012 Lord Street
If you’ve been looking for a property that offers flexibility, location, and income potential, this one checks the boxes. Located in Boyle Heights just minutes from Downtown LA, you’ll enjoy quick access to freeways along with close proximity to USC Medical Center, making commuting and city access easy. The property features a 3 bedroom, 1.5 bathroom FRONT HOME plus a separate 2 bedroom, 1 bathroom REAR UNIT, offering great options for rental income, extended family living, or a private guest space.Both homes have been FULLY REMODELED and include washer and dryer hookups for added convenience. Major improvements like a brand new AC system, recently replaced roof, and updated electrical panel provide peace of mind for years to come.A basement adds even more versatility and could be used as a home gym, office, yoga space, or additional storage. Outside, the long driveway offers plenty of parking, which is a rare find this close to Downtown LA. Don’t miss the opportunity to own this beautifully upgraded property in one of LA’s most vibrant neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1949
- Lot Size
- 4,610 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 87% |
| Baths | 3.0 | 2.0 | 60% |
| Square foot | 1,668 | 1,380 | 73% |
| Lot Size | 4,610 | 6,233 | 7% |
| Price | $855.0K | $675.0K | 80% |
| Price per sq ft | $513 | $493 | 53% |
| Built year | 1949 | 1921 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 183 | 7% |
Pricing History
Listed for Sale
Mar 4, 2026
$855,000
Initial Listing
Sold
Mar 27, 2024
$615,000
Public Record