1229 S Indiana, Los Angeles, California 90023, Los Angeles, 90023 - bed, bath
1229 S Indiana
Los Angeles, California 90023
Property Price
SUMMARY
Analysis of 1229 S Indiana, Los Angeles, California 90023 is currently available with a list price of $520,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1927, this property is significantly aged. While the description mentions 'upgraded units,' the images reveal these are primarily cosmetic and budget-friendly updates, not extensive renovations. The front unit's kitchen has newer laminate countertops and white shaker-style cabinets, but features an older white gas range. The bathroom has a newer vanity but retains an older tub and basic fixtures. The back unit's kitchen is very basic with older appliances, and its bathroom appears less updated with older tiled walls. Flooring throughout is laminate. The property is functional and maintained, but major components and overall style are outdated, requiring further updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Investment Opportunity
The property is explicitly marketed as a 'Great investment opportunity' due to its multi-unit configuration and location.
- Multi-Unit Income Potential
Features two upgraded units (2 bed/1 bath and 1 bed/1 bath) on one lot, providing immediate rental income streams.
- Development Potential
LAR2 zoning offers future development possibilities, adding significant long-term value and flexibility for investors.
CONSRISKS & DEFICIENCIES
- Age of Property
Built in 1927, the property's age may imply potential for older infrastructure, requiring ongoing maintenance or future capital expenditures despite unit upgrades.
- Limited Living Space
The total square footage of 1128 sqft for two units (a 2-bedroom and a 1-bedroom) is relatively small, which might limit the tenant pool or rental income potential compared to larger properties.
- Aggressive Pricing Strategy
The property was recently sold for $350,000 (March 2024) and is now listed at $520,000 after an initial listing of $559,000, suggesting a potentially ambitious pricing strategy that has already required a significant price reduction.
About 1229 S Indiana
Great investment opportunity in East Los Angeles! Two upgraded units on one lot. Front unit 2 bed/1 bath, back unit 1 bed/1 bath. Long driveway fits up to 6 cars plus detached garage currently used for storage. LAR2 zoning offers future development possibilities. Convenient location near Downtown LA, Boyle Heights, and major freeways.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1927
- Lot Size
- 4,835 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,128 | 1,681 | 8% |
| Lot Size | 4,835 | 5,544 | 33% |
| Price | $520.0K | $662.5K | 8% |
| Price per sq ft | $461 | $417 | 50% |
| Built year | 1927 | 1923 | 83% |
| HOA | $0 | $0 | 50% |
| Days on market | 135 | 166 | 33% |
Pricing History
Listed for Sale
Jan 20, 2026
$520,000
$559,000
-7% Price Drop
Initial Listing
Price Change
Oct 22, 2025
$559,000
Initial Listing
Sold
Mar 22, 2024
$350,000
Public Record