
Los Angeles, California 90047
This property presents a High-Potential Investment Opportunity with a List Price of $599,000—positioned well below the $628,322 Fair Market Value by 4%. This valuation gap offers $29,322 in Instant Equity for buyers. Featuring a Fair Condition Rating, the property requires a full rehab, but the Full Vacancy and ADU Conversion Potential provide a clear path to forced appreciation. Located near the SoFi Stadium, this is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to maximize rental income.
Property is extensive renovation needed.
Built in 1949 with no evidence of recent renovations, this property is a classic 'value-add' fixer-upper. The kitchen features original-style tile and broken cabinetry, the hardwood floors are heavily worn, and the interior walls show significant cosmetic damage, necessitating a full rehab to reach market standards.
The property is delivered completely vacant, a rare advantage in Los Angeles that allows for immediate renovations and the ability to set market-rate rents without tenant relocation hurdles.
The inclusion of a garage on a 6,018 sqft lot provides a clear path for an ADU conversion, offering the potential to add a third income stream and significantly increase the property's total value.
Situated near major entertainment hubs like SoFi Stadium and the Intuit Dome, the property benefits from high rental demand and strong long-term appreciation potential in a developing corridor.
Built in 1949 and marketed as a value-add opportunity, the property likely requires substantial upfront investment for modernization, systems upgrades, and cosmetic repairs.
Located directly on Western Avenue, the property is subject to significant street noise and traffic congestion, which may be a deterrent for some long-term residential tenants.
Motivated Seller – Priced to Sell! Prime investment opportunity on Western Avenue in Los Angeles with strong value-add and income potential. This two-unit property is being delivered completely vacant, giving the new owner a rare opportunity to take immediate control of both units without inheriting existing tenants or below-market leases. Investors can renovate and reposition both units, establish new market rents, select their own tenants, and build a stronger rental income stream from day one. The full vacancy also creates an attractive opportunity for an owner-user to occupy one unit while generating income from the other. The property includes garage parking, with potential for garage ADU conversion to create additional living space and another source of rental income. Ideally located along a major Los Angeles corridor near SoFi Stadium and Intuit Dome, with convenient access to transportation, shopping, freeways, and employment centers. With both units vacant, significant rental upside, ADU potential, and multiple investment strategies, this property offers an excellent opportunity for a value-add investor, owner-user, long-term investor looking to maximize future income and property value.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,536 | 2,187.451 |
| Lot Size | 6,018 | 5,841.385 |
| Price | $599.0K | $841.5K |
| Price per sq ft | $390 | $385 |
| Built year | 1949 | 1928 |
| HOA | $0 | $0 |
| Days on market | 16 | 85 |
Aug 24, 2026
$599,000
Initial Listing
Feb 22, 1994
$198,500
Public Record