156 N Hicks, Los Angeles, California 90063, Los Angeles, 90063 - 5 bed, 3 bath
Loading property details...
Los Angeles, California 90063
This Value-Add Residential Income Duplex presents a High-Potential Investment Opportunity with a List Price of $799,000, aligning closely with its $795,055 Fair Market Value. The property delivers immediate cash flow, currently collecting $4,400 in monthly rents across two units equipped with separate utility meters and an ADA-compliant entry ramp. Featuring a Condition Rating of 5, the structure requires strategic rehabilitation to address deferred maintenance, offering significant upside for forced appreciation on a generous 7,426 sqft lot. This asset is a strategic acquisition for Buy-and-Hold Investors or Fix-and-Flip Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 156 N Hicks Subject | $779,000* List Price | 5 | 3 | 2,177 | $362 | - |
A 422 N Townsend Sold | $660,000 | 0 | 0 | 1,827 | $361 | 0.3 mi |
B 1022 Geraghty Avenue Active Under Contract | $810,000 List Price | 6 | 3 | 2,112 | $384 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1907, this property shows significant signs of deferred maintenance and aging infrastructure. Exterior images reveal peeling paint on wood trim, cracked concrete, and overgrown landscaping. The listing explicitly states the property 'needs some TLC' and is marketed toward investors, suggesting that the interior components and major systems likely require substantial rehabilitation to meet modern safety and quality standards.
The property is currently generating $4,400 in monthly rent, offering investors immediate cash flow and a proven income stream from day one.
Equipped with two water, gas, and electrical meters, this duplex allows for easy utility management and shifts the cost of consumption directly to the tenants.
The front unit features a modified entry ramp for ADA wheelchair access, a unique value-add that increases the property's appeal to a wider range of potential tenants.
The property is noted to need 'TLC,' indicating that immediate capital investment will be required for repairs and modernization to reach its full market potential.
Built in 1907, the century-old structure may present challenges related to outdated building systems and historical wear that are common in properties of this vintage.
Attention Investors! Amazing deal in Unincorporated East Los Angeles. Price improved! Property is a duplex. 156 N. Hicks (Front unit) is 3 bedrooms/1 bathroom. A half bathroom is located outside the front unit. 156 1/2 (Rear unit) is 2 bedroom/1 bathroom. Collecting $4,400 in rents monthly. There are two water meters, two gas meters and two electrical meters. The front unit was modified with an entry way ramp for ADA wheelchair access. Property needs some TLC, but has great potential. Call Listing Agent for more information. Buyers and buyer's agent to satisfy themselves as to square footage and permits. Priced to sell. HURRY!!! this one won't last.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 0.0 | 85% |
| Baths | 3.0 | 0.0 | 85% |
| Square foot | 2,177 | 1,946 | 65% |
| Lot Size | 7,426 | 5,686 | 75% |
| Price | $779.0K | $764.5K | 50% |
| Price per sq ft | $358 | $373 | 40% |
| Built year | 1907 | 1923 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 217 | 5% |
Apr 15, 2026
$779,000
$799,000
-3% Price Drop
Initial Listing
Mar 31, 2026
$799,000
Initial Listing
May 20, 2015
$310,000
Public Record