10956 S Western Avenue, Los Angeles, California 90047, Los Angeles, 90047 - 0 bed, 0 bath
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Los Angeles, California 90047
This Value-Add Residential Income Asset is listed at $749,000, representing a strategic acquisition within a high-visibility Los Angeles corridor, positioned relative to its $659,882 Fair Market Value. Holding a Condition Rating of 5, the property requires renovations and system updates, offering substantial upside through rental repositioning and forced appreciation. The 6,018 sqft lot features a detached garage with alley access, presenting a prime opportunity for ADU conversion to maximize monthly yields. This asset is a calculated choice for Buy-and-Hold Investors or Portfolio Managers looking to expand in an active rental submarket.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10956 S Western Avenue Subject | $749,000* List Price | 0 | 0 | 1,536 | $430 | - |
A 9506 S Manhattan Place Sold | $700,000 | 0 | 0 | 1,612 | $434 | 0.9 mi |
B 10314 S Wilton Place Sold | $750,000 | 0 | 0 | 1,806 | $415 | 0.6 mi |
C 2115 W 102nd Active | $819,000 List Price | 0 | 0 | 1,794 | $457 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1949, this property is explicitly described as needing 'system updates, renovations, and deferred maintenance' to maximize its value. The exterior images show a dated appearance with worn paint, neglected landscaping, and older windows, consistent with a property that has not seen significant updates in many decades. While it's an income-producing opportunity, the 'value-add' potential strongly suggests substantial rehabilitation is required, aligning with the 'poor' condition criteria. Without interior photos, a detailed assessment of kitchen and bathrooms is impossible, but given the age and exterior, they are highly likely to be severely outdated and require full renovation.
The property is explicitly identified as a prime income-producing asset, offering dependable cash flow and portfolio growth potential for investors.
Positioned on Western Avenue, a major thoroughfare, the property benefits from high visibility, strong rental demand, and convenient access to transportation, retail, and employment hubs.
Offers substantial upside through rental repositioning, property improvements, and future development options, allowing for increased returns on investment.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1536, other record living area = 1848.
Built in 1949, the property may require significant capital investment for system updates, renovations, and deferred maintenance to maximize its value and appeal.
Realizing the 'value add potential' through rental repositioning and improvements will require active management and additional investment beyond the purchase price.
Prime income producing opportunity on Western Avenue in Los Angeles with added value add potential. This strategically located multi unit investment benefits from strong rental demand and long term appreciation within a high visibility corridor. The property delivers steady in place income with upside through rental repositioning, improvements, and future development options. A detached garage with alley access enhances functionality and opens the door for possible ADU conversion, creating an attractive path for additional income. Positioned along a major thoroughfare with convenient access to transportation, retail, and employment hubs, the asset supports consistent tenant demand and reliable occupancy. The efficient lot layout helps keep operating expenses manageable while maximizing usability. Ideal for investors seeking dependable cash flow, portfolio growth, or a 1031 exchange into a high-demand market, this property combines location strength, income stability, and expansion potential in one of Los Angeles’ most active rental submarkets.
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 | 1,536 | 1,922 | 12% |
| Lot Size | 6,018 | 6,018 | 50% |
| Price | $749.0K | $840.0K | 29% |
| Price per sq ft | $488 | $413 | 76% |
| Built year | 1949 | 1944 | 71% |
| HOA | $0 | $0 | 50% |
| Days on market | 78 | 236 | 6% |
Feb 3, 2026
$749,000
Initial Listing
Feb 22, 1994
$198,500
Public Record