
Los Angeles, California 90011
This property presents a High-Potential Investment Opportunity with a List Price of $800,000—positioned well above the $742,027 Fair Market Value by -7%. Featuring a 3-bedroom main house, a 1-bedroom rear unit, and an unpermitted 2-bedroom bonus unit, this Residential Income asset offers significant rental upside near USC. While the Condition Rating of 4 reflects its 1906 vintage, the inclusion of a deck and proximity to transit hubs provide a solid foundation for Buy-and-Hold Investors or Owner-Occupants seeking value-add potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1208 E 34 Th Street Los Angeles Ca Subject | $800,000* List Price | 0 | 0 | 2,010 | $369 | - |
A 1134 E 45th Street Sold | $575,000 | 4 | 4 | 2,037 | $282 | 0.7 mi |
B 1634 E Vernon Sold | $710,000 | 0 | 0 | 2,379 | $298 | 0.8 mi |
C 725 E 40th Place Active | $849,995 List Price | 0 | 0 | 2,135 | $398 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the 1906 structure has received some updates such as laminate flooring and vinyl windows, it remains dated overall. The presence of window AC units indicates a lack of modern central HVAC, and the inclusion of an unpermitted unit suggests potential system and code compliance issues that typically require minor to moderate repairs.
Situated just minutes from the University of Southern California (USC) and Downtown LA, the property is positioned in a high-demand rental market ideal for students and urban professionals.
The duplex configuration, featuring a 3-bedroom downstairs unit and a separate rear unit, provides immediate cash flow opportunities and flexibility for owner-occupants or investors.
Excellent accessibility to major freeways, public transportation, and local shopping centers enhances the property's long-term desirability and tenant retention.
The inclusion of an unpermitted 2-bedroom bonus unit poses significant risks regarding building code compliance, financing eligibility, and potential city enforcement actions.
Built in 1906, the property likely requires substantial ongoing maintenance and capital improvements to modernize aging electrical, plumbing, and structural systems.
**Great Opportunity – Duplex with Additional Unpermitted Unit** The 3rd unit may not be permitted with 2 bedroom's 1 bathroom with tenants. The front house with 3 bedrooms 1 bathroom, it's will be possible to leave vacant at close Escrow. Everything is negotiable. Great opportunity to own a well-maintained duplex in a convenient location, close to schools, shopping, public transportation, and major freeways. The property is also just minutes from the University of Southern California (USC), making it an excellent opportunity for homeowners and investors alike. **Property Features:** * **Unit 1 – Downstairs:** 3 bedrooms, 1 bathroom * **Unit 2 – Rear Unit:** 1 bedroom, 1 bathroom * **Additional Bonus Unit:** 2 bedrooms, 1 bathroom — **unpermitted** Buyer to verify all permits, square footage, bedroom/bathroom count, zoning, and property information with the appropriate city and county departments. Buyer is advised to conduct their own due diligence regarding the existing units and any potential use of the additional unpermitted space.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,010 | 2,187.451 |
| Lot Size | 4,800 | 5,841.385 |
| Price | $800.0K | $841.5K |
| Price per sq ft | $398 | $385 |
| Built year | 1906 | 1928 |
| HOA | $0 | $0 |
| Days on market | 23 | 85 |
Aug 17, 2026
$800,000
Initial Listing
Jun 12, 2015
$410,000
Public Record
Jan 15, 2014
$275,000
Public Record