1024 Figueroa Terrace, Los Angeles, California 90012, Los Angeles, 90012 - 0 bed, 0 bath
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1024 Figueroa Terrace
Los Angeles, California 90012
ACTIVE
CONDITION: FAIR
0Beds
0Baths
1,766Sq Ft
3,552Lot Size
Property Price
LIST PRICE$1,200,000
SUMMARY
Analysis of 1024 Figueroa Terrace, Los Angeles, California 90012 is currently available with a list price of $1,200,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
While the property features some critical updates like a new electrical panel and new windows, the kitchen is significantly dated with older cabinetry and tile countertops (likely 20+ years old). Given the 1914 build date and the aged interior finishes, it requires cosmetic modernization despite being well-maintained.
PROSSTRENGTHS & OPPORTUNITIES
- Investment Flexibility
Both units will be delivered vacant at the close of escrow, a significant advantage in Los Angeles that allows an owner-user or investor to immediately capitalize on market-rate rents without tenant relocation issues.
- Prime Location and Views
Situated on a rare corner lot near Dodger Stadium and Downtown Los Angeles, the property offers highly desirable city light views and proximity to popular amenities in the Echo Park and Silver Lake areas.
- Modernized Character
The duplex maintains its 1914 architectural charm with original hardwood floors while benefiting from essential modern upgrades, including new windows throughout and a new electrical panel in one unit.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1766, other record living area = 1801.
- Aging Infrastructure
Given the property's 1914 construction, buyers should anticipate potential long-term maintenance costs associated with century-old plumbing, roofing, and foundation systems despite recent cosmetic updates.
- Underperforming School District
The assigned middle and high schools have relatively low performance ratings, which may limit the property's appeal to families and impact long-term appreciation compared to neighboring areas with higher-rated schools.
About 1024 Figueroa Terrace
Calling all Dodgers fans, to this rare corner lot Duplex located near Stadium Way! Both units will be delivered vacant at the close of escrow. Each unit is classically designed featuring two bedrooms and a full bath, new windows, hardwood floors throughout, and individual single car garages. The property provides picturesque views of Downtown Los Angeles. Perfect for an investor or as an owner-occupied rental. Highlights: · Close to Dodger Stadium, Eastside Deli, and Downtown Los Angeles 1024 Figueroa · Hardwood Floors · New Windows · New Electrical Panel · Detached Single-Car Garage · Kitchen · Dining Room · Laundry Units · Original Murphy Bed 1026 Figueroa · Hardwood Floors · New Windows · Two Detached Single-Car Garages · Kitchen · Dining Room · Laundry Units
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1914
- Lot Size
- 3,552 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Castelar Street Elementary School
Grades K-5 • 0.5 mi
6/10
Betty Plasencia Elementary School
Grades K-6 • 0.6 mi
4/10
Solano Avenue Elementary School
Grades K-6 • 0.9 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,766 | 2,187.451 |
| Lot Size | 3,552 | 5,841.385 |
| Price | $1.20M | $841.5K |
| Price per sq ft | $680 | $385 |
| Built year | 1914 | 1928 |
| HOA | $0 | $0 |
| Days on market | 3 | 85 |
Pricing History
Listed for Sale
Sep 6, 2026
$1,200,000
Initial Listing