1473 Allison, Los Angeles, California 90026, Los Angeles, 90026 - 4 bed, 2 bath
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Los Angeles, California 90026
This 1906 duplex represents a Strong Value Opportunity, listed at $835,900—positioned above the $783,440 Fair Market Value. While the property requires significant rehabilitation given its Condition Rating of 5, the 7,002-square-foot lot and City Lights view provide a foundation for substantial value-add. Located in a high-trajectory neighborhood with proximity to Echo Park and Silver Lake, this asset is ideal for Buy-and-Hold Investors or Contractors capable of executing a full modernization to capture long-term rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1473 Allison Subject | $835,900* List Price | 4 | 2 | 1,790 | $438 | - |
A 981 W Kensington Active | $800,000 List Price | 0 | 0 | 1,993 | $401 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1906 with no mention of recent renovations. The listing's emphasis on 'investment upside' and 'probate sale' status suggests the property has aged systems and dated interiors that likely require a full rehabilitation to meet modern standards.
Situated in the high-demand Echo Park/Silver Lake area, this property offers significant appreciation potential and proximity to Downtown LA, ensuring long-term desirability and consistent tenant demand.
As a duplex with a flexible layout, this residential income property provides immediate rental opportunities or a 'house-hacking' option for owner-occupants looking to offset their mortgage.
The 7,002-square-foot lot is generous for this urban neighborhood, offering ample space for future improvements, expansion, or the potential addition of an Accessory Dwelling Unit (ADU).
The requirement for court confirmation can lead to a longer, more rigid closing timeline and may involve an overbid process, which can be a hurdle for buyers needing a quick escrow.
Built in 1906, the 120-year-old structure likely requires substantial capital investment for modernizing core systems such as plumbing, electrical, and foundation to meet current standards.
1473 Allison Ave presents a strong opportunity in a rapidly emerging Los Angeles neighborhood. With ongoing development, increasing property values, and new businesses entering the area, this location offers significant upside for investors or buyers seeking growth potential. The property features a solid structure, flexible layout, and a lot positioned to maximize future improvements. Its proximity to Echo Park, Silver Lake, and Downtown LA ensures consistent demand and long-term desirability. For those looking to secure a home in a high-trajectory community, this address delivers both immediate livability and strategic investment value. This is a probate sale with Court confirmation. All offers are welcomed.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-5 • 0.9 mi
Grades K-6 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 5.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,790 | 2,250 |
| Lot Size | 7,002 | 5,864 |
| Price | $835.9K | $826.7K |
| Price per sq ft | $467 | $395 |
| Built year | 1906 | 1925 |
| HOA | $0 | $0 |
| Days on market | 13 | 83 |
Jul 9, 2026
$835,900
Initial Listing