
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 | $1,549,000* List Price | 0 | 0 | 3,079 | $485 | - |
A 1208 S Cochran Avenue Sold | $1,480,000 | 0 | 0 | 3,223 | $459 | 0.4 mi |
B 1100 S Highland Avenue Sold | $1,175,000 | 0 | 0 | 2,976 | $395 | 0.6 mi |
C 1327 S Burnside Sold | $1,700,000 | 0 | 0 | 3,522 | $483 | 0.4 mi |
D 4431 Victoria Park Place Sold | $1,684,900 | 0 | 0 | 2,708 | $622 | 0.9 mi |
E 1226 Meadowbrook Active | $1,995,000 List Price | 0 | 0 | 3,464 | $576 | 0.3 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!!! Now $1,549,000 reduced from $1,790,000 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 | 61% |
| Lot Size | 6,221 | 6,224 | 50% |
| Price | $1.55M | $1.14M | 72% |
| Price per sq ft | $503 | $461 | 78% |
| Built year | 1927 | 1933 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 281 | 278 | 56% |
Jun 5, 2026
$1,549,000
$1,599,000
-3% Price Drop
Initial Listing
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