1059 S Record, Los Angeles, California 90023, Los Angeles, 90023 - 0 bed, 0 bath
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Los Angeles, California 90023
This Dual-Unit Residential Income Property is a High-Potential Investment Opportunity listed at $699,900—positioned well below the $719,140 Fair Market Value by 2%. This valuation gap provides $19,240 in Instant Equity for the incoming buyer. While maintaining a Condition Rating of 4, the asset offers significant Value-Add Potential through the unfinished upper level of the rear unit. Located minutes from Downtown Los Angeles with Triple Freeway Access, this property is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1059 S Record Subject | $699,900* List Price | 0 | 0 | 1,746 | $412 | - |
A 1067 S Rowan Sold | $550,000 | 4 | 2 | 1,758 | $313 | 0.3 mi |
B 715 S Record Avenue Sold | $580,000 | 0 | 0 | 1,903 | $305 | 0.4 mi |
C 1327 S Gage Avenue Sold | $655,000 | 0 | 0 | 1,310 | $500 | 0.4 mi |
D 4173 Hubbard Street Active | $675,000 List Price | 0 | 0 | 1,680 | $402 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1915, this property is marketed as an investment opportunity with 'value-add potential,' indicating it is functional but significantly outdated. While the exterior appears maintained, the historic age and the description's focus on completing unfinished spaces suggest that major systems, the kitchen, and the single bathroom likely require modernization to meet current market standards.
Situated minutes from Downtown Los Angeles with immediate access to the 5, 60, and 710 freeways, offering an exceptional commute for tenants or owners.
This duplex setup features a 3-bedroom front home and a separate rear unit, making it an ideal investment for rental income or multi-generational living.
The rear unit includes space to complete additional bedrooms upstairs, providing a clear path for the buyer to increase the property's square footage and market value.
Built in 1915, the property may require significant updates to aging infrastructure and systems to meet modern building standards.
The primary 3-bedroom residence only features one bathroom, which may be a drawback for larger families or modern rental expectations.
Great investment opportunity minutes from Downtown Los Angeles. Conveniently located to the 5, 60, and 710 freeways creates an easy commute in any direction. Perfect for large families, multi-generational living, or the savvy buyer looking for rental potential. This property features a spacious front home with 3 bedrooms and 1 bathroom and rear unit with one bedroom and one bathroom with potential to complete a 2nd or 3rd bedroom upstairs. Property on a corner lot, gated with long driveway park up to 3 cars.
No exterior & parking available.
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 | 1,746 | 1,758 | 46% |
| Lot Size | 3,931 | 5,983 | 15% |
| Price | $699.9K | $705.0K | 46% |
| Price per sq ft | $401 | $401 | 50% |
| Built year | 1915 | 1922 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 180 | 8% |
Mar 29, 2026
$699,900
Initial Listing