
Los Angeles, California 90011
This property presents a High-Potential Investment Opportunity with a List Price of $670,000. While currently priced slightly above the $659,806 Fair Market Value, the asset offers significant long-term upside through its Two-Homes-on-One-Lot configuration. With a Condition Rating of 4, the property requires modernization, yet the ADU conversion potential of the existing garage provides a clear path to increased density. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income in a central Los Angeles location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1580 E 45th Street Subject | $670,000* List Price | 4 | 2 | 1,210 | $545 | - |
A 1220 E 40th Place Sold | $593,777 | 2 | 1 | 1,080 | $550 | 0.7 mi |
B 1583 E Martin Luther King Jr Active | $639,995 List Price | 2 | 1 | 1,144 | $559 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1907, the property is well over the 20-year threshold for datedness. While the exterior appears well-maintained with recent paint and a functional roof, the lack of specific mention regarding updated HVAC, electrical, or plumbing systems suggests the home is dated and will require minor repairs or modernization to meet current standards.
The rare two-homes-on-one-lot configuration offers immediate rental income opportunities or a multi-generational living arrangement, providing significant financial flexibility for the owner.
The existing garage presents a clear path for an ADU conversion, allowing for a potential third unit to further maximize the property's density and long-term market value.
Situated just minutes from Downtown Los Angeles with convenient access to major freeways and public transportation, the property is ideally located for commuters and urban professionals.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Built in 1907, the property may require substantial capital investment to modernize aging systems, including electrical, plumbing, and structural components common in century-old homes.
With only 1,210 total square feet divided between two separate residences, the individual units offer very small footprints for two-bedroom layouts, which may limit appeal for larger households.
Rare Two-Homes-on-One-Lot Opportunity in Prime Los Angeles Location. Each unit has two bedrooms one bath. Discover a rare opportunity to own two separate homes on one lot in a desirable Los Angeles location. Offering exceptional flexibility, this unique property is ideal for buyers looking to live in one home while having the option to rent the other—providing additional income that can help offset the cost of homeownership. The versatile layout also offers exciting potential for future expansion. The existing garage may present an opportunity to convert to an ADU, creating additional living space for extended family, guests, a home office, or rental use. Buyer to independently verify all possibilities and requirements with the City of Los Angeles. Whether you're looking for a multi-generational living arrangement, extra space for family, a home with rental income potential, or simply the flexibility that comes with owning two homes on one lot, this property offers options that are difficult to find in Los Angeles. Located just minutes from Downtown LA, the property provides convenient access to major freeways, shopping, dining, schools, and public transportation. Enjoy the convenience of a central location while having the unique advantage of multiple living spaces on a single property. Properties offering this combination of flexibility, space, and future potential are rarely available. Don't miss the opportunity to make this distinctive Los Angeles property your next home—schedule your private showing today!
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-6 • 0.6 mi
Grades 1-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,210 | 1,664.159 |
| Lot Size | 5,202 | 6,066.556 |
| Price | $670.0K | $1.35M |
| Price per sq ft | $554 | $806 |
| Built year | 1907 | 1939 |
| HOA | $0 | $278 |
| Days on market | 20 | 55 |
Aug 20, 2026
$670,000
Initial Listing
May 2, 2018
$412,000
Public Record