1229 S Indiana, Los Angeles, California 90023, Los Angeles, 90023 - 0 bed, 0 bath
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Los Angeles, California 90023
This Residential Income Duplex in East Los Angeles represents a strategic asset with a List Price of $520,000, aligning with its $520,000 Fair Market Value. While the property carries a Condition Rating of 4 due to its 1927 origin, the LAR2 Zoning provides significant development flexibility compared to higher-priced area comparables. Featuring two upgraded units and a long driveway for six cars, the property offers immediate rental utility and value-add potential. This acquisition is a stable entry point for Buy-and-Hold Investors or Owner-Occupants seeking income potential near Downtown Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1229 S Indiana Subject | $520,000* List Price | 0 | 0 | 1,128 | $461 | - |
A 1327 S Gage Avenue Sold | $655,000 | 0 | 0 | 1,310 | $500 | 0.4 mi |
B 3446 E Hunter Street Active | $624,800 List Price | 0 | 0 | 1,448 | $431 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
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 The property is functional and maintained, but major components and overall style are outdated, requiring further updates to meet modern standards.
The property is explicitly marketed as a 'Great investment opportunity' due to its multi-unit configuration and location.
Features two upgraded units (2 bed/1 bath and 1 bed/1 bath) on one lot, providing immediate rental income streams.
LAR2 zoning offers future development possibilities, adding significant long-term value and flexibility for investors.
Built in 1927, the property's age may imply potential for older infrastructure, requiring ongoing maintenance or future capital expenditures despite unit upgrades.
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.
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.
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.
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 | 1,128 | 1,758 | 8% |
| Lot Size | 4,835 | 5,983 | 38% |
| Price | $520.0K | $705.0K | 8% |
| Price per sq ft | $461 | $410 | 54% |
| Built year | 1927 | 1923 | 85% |
| HOA | $0 | $0 | 50% |
| Days on market | 182 | 182 | 54% |
Jan 20, 2026
$520,000
$559,000
-7% Price Drop
Initial Listing
Oct 22, 2025
$559,000
Initial Listing
Mar 22, 2024
$350,000
Public Record