
Los Angeles, California 90006
This property presents a High-Potential Investment Opportunity with a List Price of $1,200,000—positioned well above the $926,000 Fair Market Value by -29%. Featuring a permitted 1-bedroom ADU and a 5-bedroom main residence, this 2,105 sqft asset offers significant rental yield potential. While the home maintains a Condition Rating of 4, the dated systems require capital expenditure to modernize. Its proximity to LA Live and Crypto.com Arena ensures strong tenant demand. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking income-producing versatility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1312 Arapahoe Subject | $1,200,000* List Price | 5 | 2 | 2,105 | $440 | - |
A 1147 S Westlake Avenue Active | $975,000 List Price | 4 | 3 | 2,110 | $462 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, originally built in 1909, features renovations in the kitchen and living areas that appear to be 15-25 years old. While functional and move-in ready, the finishes (dated granite, older cabinetry, and tile patterns) and the reliance on window AC units instead of central HVAC indicate the systems and aesthetics are dated and will require updates to meet modern standards.
The inclusion of a permitted 1-bedroom, 1-bathroom ADU provides a turnkey opportunity for rental income or a private multigenerational living arrangement.
Located minutes from Downtown Los Angeles, Crypto.com Arena, and LA Live, the property offers high desirability for tenants and owners seeking proximity to major employment and entertainment hubs.
With a total of 6 bedrooms across the main residence and ADU, the property offers significant flexibility for large families or investors looking to maximize rental yield per square foot.
Built in 1909, the property may require substantial capital expenditure for modernizing aging electrical, plumbing, and structural systems common in century-old homes.
The 4,620 sqft lot is relatively compact for a 2,105 sqft dual-unit configuration, resulting in limited private outdoor space and potential parking constraints.
**Charming Income-Producing Property with Permitted ADU!** Excellent opportunity to own this spacious 5-bedroom, 2-bathroom home located in a prime Los Angeles location. The property also features a **permitted 1-bedroom, 1-bathroom ADU**, offering excellent potential for rental income, multigenerational living, or a private guest suite. Conveniently situated near schools, shopping, public transportation, and with easy access to major freeways, this property is also just minutes from **Crypto.com Arena**, LA Live, and Downtown Los Angeles. Combining comfort, flexibility, and investment potential, this home is ideal as a primary residence with additional income or as an investment property. Don't miss this unique opportunity to own a versatile property in a highly desirable in Los Angeles location!
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,105 | 1,672 |
| Lot Size | 4,620 | 6,067 |
| Price | $1.20M | $1.37M |
| Price per sq ft | $570 | $801 |
| Built year | 1909 | 1939 |
| HOA | $0 | $348 |
| Days on market | 22 | 56 |
Jun 30, 2026
$1,200,000
Initial Listing
Jul 14, 1998
$132,000
Public Record