1621 Murchison, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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1621 Murchison
Los Angeles, California 90033
ACTIVE
CONDITION: POOR
0Beds
0Baths
2,075Sq Ft
7,498Lot Size
Property Price
LIST PRICE$950,000
EST. MARKET VALUE
$1,006,647
5% BelowMARKET VALUE
SUMMARY
This duplex presents a Strong Value Opportunity with a List Price of $950,000—positioned well below the $1,006,647 Fair Market Value by 5%. This valuation gap offers $56,647 in Instant Equity for buyers. Featuring a 5 Condition Rating, the property requires a full rehab, yet the 7,498 sqft lot and 2,075 sqft living area provide significant upside for value-add projects like ADU development. This is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking a high-demand rental asset near DTLA.
Estimated Market Value
$1,006,647+$56,647 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1621 Murchison Subject | $950,000* List Price | 0 | 0 | 2,075 | $485 | - |
A 2500 Ganahl Sold | $770,000 | 0 | 0 | 1,984 | $388 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1960 (64 years old) with no evidence of renovation. The exterior shows significant neglect, including a boarded-up window, cracked concrete, and excessive debris, indicating the property likely requires a full rehab of all major systems and interiors.
PROSSTRENGTHS & OPPORTUNITIES
- Investment Potential
Located in the high-demand Boyle Heights area near DTLA and Keck Medicine of USC, this duplex offers strong rental income potential in a supply-constrained market.
- Expansive Lot Size
The generous 7,498 sqft lot provides significant outdoor space and potential for future value-add opportunities, such as the addition of an Accessory Dwelling Unit (ADU).
- Substantial Living Area
With 2,075 sqft of living space, the property offers larger-than-average unit footprints for the area, making it highly attractive to long-term tenants.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1960, the property may require capital expenditures for modernization or updates to major systems to meet contemporary building standards.
- Valuation Premium
The $950,000 list price represents a significant increase over historical sales, requiring a high-performing rental yield to justify the current investment level.
About 1621 Murchison
Exceptional opportunity in Los Angeles. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1960
- Lot Size
- 7,498 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,075 | 2,187.451 |
| Lot Size | 7,498 | 5,841.385 |
| Price | $950.0K | $841.5K |
| Price per sq ft | $458 | $385 |
| Built year | 1960 | 1928 |
| HOA | $0 | $0 |
| Days on market | 5 | 85 |
Pricing History
Listed for Sale
Sep 4, 2026
$950,000
Initial Listing
Sold
Aug 12, 2005
$350,000
Public Record
Sold
Sep 10, 2004
$220,000
Public Record