
Los Angeles, California 90035
This Versatile Carthay Square Duplex is a Strong Value Opportunity, listed at $1,595,000—positioned well below the $1,698,504 Fair Market Value by 6%. This valuation gap offers $103,504 in Instant Equity. The property maintains a Move-In Ready Condition Rating, featuring a renovated upper unit, City Lights View, and Spacious Patios. With ADU potential and access to the top-rated Beverly Hills High School, it combines lifestyle luxury with high-yield potential. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1042 Hi Point Street Subject | $1,595,000* List Price | 6 | 4 | 3,340 | $509 | - |
A 1118 S Crescent Heights Boulevard Sold | $1,793,800 | 6 | 4 | 3,898 | $460 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1941, this duplex is well-maintained and move-in ready. The upper unit features a recent modern renovation (likely <10 years) with a contemporary kitchen including shaker cabinets and stainless steel appliances, plus updated bathrooms with marble-style counters and subway tile. While the lower unit retains original vintage character and dated tile, the overall property is functional and shows significant recent investment in key areas.
High School: Beverly Hills High School (9/10).
This rare Carthay Square duplex features two large 3-bedroom units and a generous lot with ADU potential, offering significant flexibility for multi-generational living or high-yield rental income.
The property is ideally positioned in a central Los Angeles hub, providing residents with elite access to Beverly Hills, Miracle Mile, and the upscale shopping and dining of Beverly Grove.
A substantial $300,000 price reduction shortly after the initial listing suggests a correction from an aggressive starting point, which may impact appraisal valuations or buyer confidence.
As a structure from 1941, the property likely necessitates ongoing investment in aging infrastructure and systems to meet modern standards, despite the updates to the upper unit.
Set in the heart of highly sought-after Carthay Square, this charming duplex offers a rare blend of timeless character and thoughtful updates, making it an exceptional opportunity for both investors and owner-users alike. Each residence is generously proportioned, featuring three bedrooms and two bathrooms, and designed to capture both comfort and classic appeal. The lower unit exudes rich Spanish-style charm, showcasing warm architectural details, a spacious living room anchored by a fireplace, and an elegant formal dining room ideal for gatherings. The upper unit, thoughtfully updated, offers a refined and airy ambiance while maintaining the home's original character, creating a harmonious balance between old-world charm and modern convenience. Both units feature full kitchens with inviting breakfast nooks, perfect for casual dining, along with dedicated laundry rooms that add everyday ease. Expansive living areas are filled with natural light, enhancing the sense of space and livability throughout. Outdoor living is equally compelling, with spacious patios for each unit and shared access to a large, gated backyard - an ideal setting for entertaining, relaxing, or enjoying Southern California's year-round sunshine. A four-car garage provides ample parking and additional storage. Positioned on a generous lot, 1042 Hi Point St is a gem that carries opportunity for ADU potential, and effortlessly combines character, scale, and functionality, all set in an unbeatable central location moments from Beverly Grove, Miracle Mile, Mid-Wilshire, and Beverly Hills.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.8 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 88% |
| Baths | 4.0 | 3.0 | 69% |
| Square foot | 3,340 | 2,136.5 | 81% |
| Lot Size | 6,508 | 6,401.5 | 54% |
| Price | $1.59M | $2.23M | 23% |
| Price per sq ft | $478 | $1.1K | 8% |
| Built year | 1941 | 1935 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 127 | 8% |
Apr 30, 2026
$1,595,000
Initial Listing
Apr 27, 2026
$1,895,000
Initial Listing
Dec 30, 1998
$422,000
Public Record
Oct 9, 1996
$280,000
Public Record