
Los Angeles, California 90019
This Versatile Multi-Unit Residential Income Property is listed at $1,599,000, positioned near its $1,475,021 Fair Market Value following a strategic price reduction. Boasting a Move-in Ready Condition Rating, the property features a modernized 1927 Spanish-style home, a 1991-built rear unit, and a studio ADU with a Private Patio. The Vacant Delivery status ensures immediate market-rate rental potential in the desirable Mid-Wilshire area, where comparable multi-unit assets command premium valuations. This turnkey asset is an ideal acquisition for Owner-Occupants looking to house-hack or Buy-and-Hold Investors seeking a high-quality portfolio addition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1373 S Orange Drive Subject | $1,599,000* List Price | 0 | 0 | 3,079 | $479 | - |
A 1327 S Burnside Sold | $1,700,000 | 0 | 0 | 3,522 | $483 | 0.4 mi |
B 1100 S Highland Avenue Sold | $1,175,000 | 0 | 0 | 2,976 | $395 | 0.6 mi |
C 4431 Victoria Park Place Sold | $1,684,900 | 0 | 0 | 2,708 | $622 | 0.9 mi |
D 4710 St Elmo Drive Sold | $1,500,000 | 0 | 0 | 3,908 | $384 | 0.6 mi |
E 1208 S Cochran Avenue Pending | $1,499,000 List Price | 0 | 0 | 3,223 | $465 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant updates across all three units. The 1927 front home has been modernized with an open floor plan, updated kitchens with stainless steel appliances, and new mini-split HVAC systems. The 1991 back unit and studio ADU are well-maintained with modern upgrades, and the entire property benefits from a recent electrical service upgrade.
The property features a unique three-unit configuration including a classic Spanish front home, a modern 1991-built back unit, and a studio ADU, providing exceptional versatility for rental income or multi-generational living.
The entire property will be delivered vacant, a significant advantage in Los Angeles that allows the new owner to immediately set market-rate rents without the constraints of existing tenancies.
With a substantial price reduction from the original listing, this property offers improved value and a competitive entry point into the highly desirable Mid-Wilshire real estate market.
The heavy reliance on digitally altered photos for the front house may lead to a mismatch between buyer expectations and the actual physical condition or aesthetic of the interior spaces.
Accommodating three separate units on a 6,221-square-foot lot may result in limited private outdoor space and a sense of crowding for residents in the shared areas.
***Please Read agent remarks for newest update*** Amazing opportunity in the highly desirable Mid-Wilshire area! PROPERTY TO BE DELIVERED VACANT ALL OFFERS WILL BE PRESENTED REDUCED PRICE!!! Photos have been digitally altered, furniture in front house is added, fire in fireplace is added. Charming front Spanish-style home, originally built in 1927, thoughtfully updated with a bright open floor plan, spacious bedrooms, and mini-split systems in each bedroom and the living area. Enjoy the private, secluded front yard and seamless flow between the kitchen, dining, and living spaces. Behind the front home sits a beautifully maintained 3-bedroom, 2-bath unit (built in 1991) with gated entry to its parking area. The back unit offers modern upgrades and a well-kept interior that’s sure to impress. In addition, the property features an updated studio ADU located below the upstairs unit, complete with its own private patio. Recent improvements include a new electrical service upgrade, adding even more value. Perfect as an income property or as an owner-user opportunity—live in one unit and offset your mortgage with rental income from the others!
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 | 3,079 | 2,878.5 | 60% |
| Lot Size | 6,221 | 6,095.5 | 50% |
| Price | $1.60M | $1.11M | 75% |
| Price per sq ft | $519 | $469 | 75% |
| Built year | 1927 | 1927 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 229 | 232 | 50% |
Mar 2, 2026
$1,599,000
$1,640,000
-2% Price Drop
Initial Listing
Jan 30, 2026
$1,640,000
$1,650,000
-1% Price Drop
Initial Listing
Oct 3, 2025
$1,650,000
$1,790,000
-8% Price Drop
Initial Listing
Sep 5, 2025
$1,790,000
Initial Listing
Jan 22, 2020
$1,475,000
Public Record
Apr 23, 2015
$975,000
Public Record
Apr 29, 2014
$660,500
Public Record