1307 Pleasant, Los Angeles, California 90033, Los Angeles, 90033 - 3 bed, 2 bath
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1307 Pleasant
Los Angeles, California 90033
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,324Sq Ft
6,758Lot Size
Property Price
LIST PRICE$899,999
EST. MARKET VALUE
$815,237
10% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $899,999—positioned well below the $815,237 Fair Market Value (Note: List price exceeds current valuation, reflecting future development potential). Featuring a Condition Rating of 5, this mid-rebuild Duplex includes a new foundation, roof, and systems, offering a clear path to a 4-unit complex via planned ADUs. With a projected as-completed value of $2,000,000, this asset is ideal for Buy-and-Hold Investors or Contractors seeking to capture significant equity through completion.
Estimated Market Value
$815,237
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Although the property features new systems (foundation, roof, plumbing, and electrical), it is currently a mid-construction rehab project. It is unlivable in its current state, requiring completion of exterior stucco, interior finishes, and kitchen installation.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Development Upside
The property offers a clear path to a 4-unit complex with existing duplex permits and plans for two additional ADUs, projecting a substantial as-completed value of approximately $2,000,000.
- Major Infrastructure Completed
Critical and costly structural work, including a new foundation, roof, plumbing, and electrical systems, is already finished, significantly reducing the risk and timeline for the buyer.
- Strategic Rental Location
Situated in Boyle Heights near the USC Health Sciences Campus and Downtown LA, the property is ideally positioned to capture high rental demand from students and urban professionals.
CONSRISKS & DEFICIENCIES
- Incomplete Construction
The property is sold mid-rebuild, requiring the buyer to secure final finishes and manage remaining construction, which may limit financing options to cash or specialized renovation loans.
- Due Diligence Requirement
The buyer assumes the responsibility of verifying all square footage, permits, and the feasibility of ADU plans, placing the burden of regulatory compliance and accuracy on the purchaser.
About 1307 Pleasant
Rare value-add opportunity in Boyle Heights. This former single-family home has been legally converted to a duplex and is in the advanced stages of a complete, permitted rebuild, including a new foundation, new roof, new plumbing, and fully rewired electrical. The duplex features a 2-bedroom, 1-bath unit of approximately 765 sq ft and a 1-bedroom, 1-bath unit of approximately 558 sq ft. Exterior stucco scratch and brown coats are complete, interior drywall is installed throughout, and both bathrooms are finished, leaving the buyer to complete the final finishes. Additional upside: plans have been drawn for two new ADUs of approximately 700 sq ft each, creating a path to a 4-unit property. The projected as-completed value is approximately $2,000,000. Ideal for investors, builders, or owner-users seeking to finish a nearly complete project and capture significant equity. Close to Downtown LA, USC Health Sciences Campus, the Metro, and major freeways. Buyer to verify all square footage, permits, plans, and values.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1911
- Lot Size
- 6,758 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
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 |
|---|---|---|
| Beds | 3.0 | 4.5 |
| Baths | 2.0 | 2.9 |
| Square foot | 1,324 | 2,090.331 |
| Lot Size | 6,758 | 5,852.908 |
| Price | $900.0K | $830.9K |
| Price per sq ft | $680 | $394 |
| Built year | 1911 | 1928 |
| HOA | $0 | $0 |
| Days on market | 38 | 87 |
Pricing History
Listed for Sale
Oct 2, 2026
$899,999
Initial Listing
Sold
Jul 9, 2025
$667,000
Public Record
Sold
Aug 31, 2005
$390,000
Public Record