1012 Lord Street, Los Angeles, California 90033, Los Angeles, 90033 - 5 bed, 3 bath
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Los Angeles, California 90033
This Remodeled Dual-Unit Residence is a Strong Value Opportunity, listed at $855,000—positioned well below the $906,929 Fair Market Value by 5%. This valuation gap secures $51,929 in Instant Equity for the buyer. Boasting a Turn-key Condition Rating, the property features a 3-bedroom front home and a 2-bedroom rear unit, both upgraded with a new AC system, recently replaced roof, and private patio. Located near USC Medical Center within the Los Angeles Unified district, it offers exceptional rental demand. This is an ideal asset for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors.
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.
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.
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.
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.
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.
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.
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.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 80% |
| Baths | 3.0 | 2.0 | 60% |
| Square foot | 1,668 | 1,123.5 | 80% |
| Lot Size | 4,610 | 6,830 | 10% |
| Price | $855.0K | $640.0K | 80% |
| Price per sq ft | $513 | $545 | 50% |
| Built year | 1949 | 1926 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 49 | 204 | 10% |
Mar 4, 2026
$855,000
Initial Listing
Mar 27, 2024
$615,000
Public Record