
Los Angeles, California 90061
This duplex presents a High-Potential Investment Opportunity with a List Price of $599,999—positioned well below the $579,186 Fair Market Value by -3%. While the property is currently occupied, its Fair Condition Rating and the listing's appeal to professionals suggest significant value-add potential through strategic renovations. Featuring LAR2 Zoning and Non-RSO status, this asset offers rare flexibility in rental management. This is a tactical acquisition ideal for Buy-and-Hold Investors or Contractors seeking to optimize a stable, income-generating property in a high-demand market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11167 S San Pedro Subject | $599,999* List Price | 0 | 0 | 1,790 | $324 | - |
A 315 E 118th Sold | $750,000 | 0 | 0 | 2,183 | $344 | 0.5 mi |
B 228 W Imperial Sold | $715,000 | 0 | 0 | 2,275 | $314 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1993, the property is 33 years old and falls into the >30y category. While described as 'well-maintained,' the listing specifically invites contractors to 'apply their expertise,' which is industry code for needing significant rehab. Exterior images show deferred maintenance in the yard and dated security bars, suggesting the systems and interiors likely require major updates to meet modern standards.
The property is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), granting the owner significantly more flexibility in adjusting rental rates to market value.
Both units are fully occupied, providing a turnkey investment opportunity with consistent income from day one and eliminating the immediate need for tenant sourcing.
The LAR2 zoning on a 4,484-square-foot lot offers long-term value and potential for strategic expansion or optimization in a high-demand rental market.
With 61 days on the market and a significant $100,000 price reduction, the property may have faced initial overvaluation or buyer resistance.
The listing's appeal to contractors suggests that the property may require professional repairs or upgrades to reach its full aesthetic and functional potential.
This duplex presents a fantastic, stable investment opportunity in the heart of the Southeast Los Angele area. With two well-maintained 2-bedroom, 1-bathroom units, the property is fully occupied, providing immediate, consistent cash flow for any investor looking to skip the search for tenants and start earning from day one. The property is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), offering owners significantly more flexibility in managing rental rates and property operations. Situated on a 4,484-square-foot lot with versatile LAR2 zoning, the property offers both long-term value and strategic growth potential. Residents enjoy a convenient lifestyle with excellent access to major freeways for an easy commute to Downtown LA, close proximity to local schools like Samuel Gompers Middle School, and nearby access to essential shopping, dining, and public transit.This property is perfectly suited for an investor or contractor eager to apply their expertise to a project with strong growth potential in a high-demand, non-RSO rental market.
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 | 1,790 | 2,187.451 |
| Lot Size | 4,484 | 5,841.385 |
| Price | $600.0K | $841.5K |
| Price per sq ft | $335 | $385 |
| Built year | 1993 | 1928 |
| HOA | $0 | $0 |
| Days on market | 79 | 85 |
Aug 22, 2026
$599,999
$699,999
-14% Price Drop
Initial Listing
Jun 22, 2026
$699,999
Initial Listing