1055 N Stone Street, Los Angeles, California 90063, Los Angeles, 90063 - 0 bed, 0 bath
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Los Angeles, California 90063
This Residential Income Asset presents a Prime Investment Opportunity with a List Price of $500,000—positioned well below the $511,790 Fair Market Value by 2%. This valuation gap offers $11,790 in Instant Equity for buyers. Currently holding a Condition Rating of 5, this 1923 duplex requires modernization to unlock its significant Value-Add potential. Located minutes from the Arts District with a private patio and exceptional parking, the property is primed for high rental demand. This is a strategic acquisition for Buy-and-Hold Investors or Fix-and-Flip Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1055 N Stone Street Subject | $500,000* List Price | 0 | 0 | 1,484 | $345 | - |
A 826 N Rowan Avenue Sold | $475,000 | 0 | 0 | 1,629 | $292 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1923, this 100+ year old duplex is marketed as an 'investor opportunity' with 'tons of potential,' which typically indicates a need for significant rehabilitation. The lack of mentioned updates to the kitchens, bathrooms, or major systems (HVAC/Electric) suggests the property is in a dated and distressed state requiring a full overhaul.
As a duplex featuring two separate 1-bedroom, 1-bathroom units, this property offers an excellent opportunity for immediate rental income or a 'house-hacking' strategy for owner-occupants.
Situated minutes from Downtown Los Angeles and the Arts District with immediate access to five major freeways (5, 2, 10, 60, and 710), the property is ideally positioned for high tenant demand.
The inclusion of a private, long driveway provides rare and ample parking space for multiple vehicles, a highly sought-after and value-adding feature in this densely populated Los Angeles neighborhood.
Built in 1923, the property likely requires significant capital expenditure for updates to its core systems and cosmetic finishes to meet modern standards and maximize market value.
The 1-bedroom, 1-bathroom configuration for both units restricts the potential tenant base to individuals or couples, potentially limiting long-term stability compared to larger family-sized units.
CALLING ALL BUYERS AND INVESTORS! This property is a great investment opportunity. This duplex is ready for its next owner,/investor with tons of potential. The two units are 1 bed/1 bath each. Private long driveway with plenty of parking space. Minutes from Downtown LA restaurants and shops, the Arts District, and near the 5, 2, 10, 60, and 710 freeways.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.4 mi
Grades K-6 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,484 | 1,946 | 25% |
| Lot Size | 4,792 | 5,686 | 21% |
| Price | $500.0K | $764.5K | 21% |
| Price per sq ft | $337 | $369 | 29% |
| Built year | 1923 | 1923 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 228 | 4% |
Apr 28, 2026
$500,000
Initial Listing