1522 5th Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 6 bed, 4 bath
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Los Angeles, California 90019
This Spacious Residential Income Duplex is a High-Potential Investment Opportunity with a List Price of $1,400,000—positioned well below the $1,586,044 Fair Market Value by 11%. This valuation gap offers $186,044 in Instant Equity. Boasting a Condition Rating of 3 with updated interiors, the property features a 7,002 sqft lot with development potential for up to 6 units. Located near Koreatown and John Burroughs Middle School, it combines immediate rental utility with long-term growth. This asset is ideal for Buy-and-Hold Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1522 5th Avenue Subject | $1,400,000* List Price | 6 | 4 | 2,895 | $548 | - |
A 4431 Victoria Park Place Sold | $1,684,900 | 0 | 0 | 2,708 | $622 | 0.6 mi |
B 1322 S Van Ness Active | $1,300,000 List Price | 0 | 0 | 3,098 | $420 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1913 build date, the property has undergone significant interior updates within the 5-15 year range. Improvements include modern recessed lighting, updated bathrooms with contemporary tile work, and the installation of wall-mounted mini-split HVAC units. The kitchen and flooring are well-maintained and functional, making the unit move-in ready.
The property presents a significant value-add opportunity with the potential to develop up to 6 units on a generous 7,002 sqft lot, making it highly attractive for investors and developers.
With nearly 3,000 sqft of living space, 6 bedrooms, and 4 dedicated parking spaces, this duplex is perfectly configured for high-yield rental income or multi-generational living in a central location.
Situated adjacent to the vibrant Koreatown neighborhood, the property offers residents exceptional access to diverse dining, shopping, and entertainment, all within a secure, gated perimeter.
Built in 1913, the century-old structure may require substantial ongoing maintenance or capital improvements to address aging systems and meet modern building standards.
Several of the assigned public schools in the immediate area have low performance ratings, which could be a deterrent for long-term family tenants or owner-occupiers.
Building opportunity upto 6 units! Discover comfortable city living in this spacious near 3000 sqft, with 6-bedroom, 4-bath up and downstairs duplex, ideally located next to the lively Koreatown neighborhood in Los Angeles. Inside, you’ll find a bright and inviting living area with a stylish mix of hardwood and tile flooring, offering both elegance and easy maintenance. The generously sized kitchens is perfect for cooking enthusiasts, featuring abundant storage and plenty of workspace for preparing meals. Wall-mounted A/C units keep the home cool and comfortable year-round, while the convenience of in-unit laundry makes daily living effortless. Four dedicated parking spaces are included, providing rare and valuable ease in this central location. Set within a secure, gated property, this home offers added privacy and peace of mind. Step outside and enjoy all that Koreatown has to offer—from diverse dining to vibrant shopping and entertainment—just moments from your doorstep.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 0.0 | 95% |
| Baths | 4.0 | 0.0 | 85% |
| Square foot | 2,895 | 2,878.5 | 55% |
| Lot Size | 7,002 | 6,098.5 | 75% |
| Price | $1.40M | $1.11M | 70% |
| Price per sq ft | $484 | $469 | 70% |
| Built year | 1913 | 1926 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 238 | 5% |
Apr 24, 2026
$1,400,000
Initial Listing
Apr 9, 2021
$1,200,000
Public Record
Aug 24, 2017
$860,000
Public Record
Dec 30, 2010
$525,005
Public Record
Sep 16, 1997
$185,000
Public Record