
Los Angeles, California 90061
This duplex presents a High-Potential Investment Opportunity with a List Price of $699,999—positioned well above the $590,467 Fair Market Value. While the property requires capital improvements, its Non-RSO Status and LAR2 Zoning provide significant operational flexibility for long-term growth. The Fair Condition Rating reflects the need for modernization, making this an ideal project for Buy-and-Hold Investors or Contractors. With two fully occupied units, this asset offers immediate, consistent cash flow while allowing owners to execute a value-add strategy in a high-demand rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11167 S San Pedro Subject | $699,999* List Price | 0 | 0 | 1,790 | $330 | - |
A 315 E 118th Sold | $750,000 | 0 | 0 | 2,183 | $344 | 0.5 mi |
B 418 420 E 120th Street Sold | $707,000 | 0 | 0 | 2,220 | $318 | 0.7 mi |
C 418 E 120th Street Sold | $707,000 | 8 | 4 | 2,220 | $318 | 0.7 mi |
D 145 W 115th Active | $695,000 List Price | 0 | 0 | 1,762 | $394 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1993, the property is 31 years old, placing it in the '>30y' bracket. While described as well-maintained and occupied, the listing specifically targets contractors to 'apply expertise,' suggesting that the original kitchens, bathrooms, and major systems require significant rehab and modernization.
The property is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), providing the owner with significant flexibility to adjust rental rates to market value.
Both units are currently fully occupied, ensuring consistent income for an investor from the first day of ownership without the need for immediate tenant recruitment.
Built in 1993, this duplex is newer than many surrounding properties and sits on an LAR2 zoned lot, offering better structural standards and long-term development potential.
The listing specifically targets contractors and investors for a 'project,' implying that the property likely requires capital improvements or deferred maintenance repairs.
The lack of current property photos prevents an immediate assessment of the interior condition, which may hinder quick decision-making for time-sensitive buyers.
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. Subject to interior inspection. Photos Coming Soon.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,790 | 2,250 |
| Lot Size | 4,484 | 5,864 |
| Price | $700.0K | $826.7K |
| Price per sq ft | $391 | $395 |
| Built year | 1993 | 1925 |
| HOA | $0 | $0 |
| Days on market | 30 | 83 |
Jun 22, 2026
$699,999
Initial Listing