
Los Angeles, California 90033
This property presents a High-Potential Investment Opportunity with a List Price of $599,999—positioned well below the $619,880 Fair Market Value by 3%. This valuation gap offers $19,881 in Instant Equity. Featuring a Fair Condition Rating, the duplex offers a Value-Add Configuration with a large private patio. Given the master-metered utilities and dated systems, this asset is ideal for Buy-and-Hold Investors or Value-Add Developers seeking to optimize rental income in a high-demand Los Angeles location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1701 E 3rd Street Subject | $599,999* List Price | 0 | 0 | 1,386 | $447 | - |
A 2626 E 2nd Street Sold | $617,000 | 0 | 0 | 1,352 | $456 | 0.9 mi |
B 2043 City View Pending | $595,000 List Price | 0 | 0 | 1,512 | $394 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1924, this property features dated kitchens with worn cabinetry and laminate countertops that appear over 20 years old. While the laminate flooring is a more recent update, the lack of central HVAC (visible window units) and the master-metered utilities indicate older systems. The property is functional but requires cosmetic and system modernization to move beyond its current dated state.
Situated in the high-demand Boyle Heights area near DTLA, USC, and major freeways, the property ensures consistent tenant interest and long-term appreciation potential.
The flexible floor plan in the front unit and the large private patio for the rear residence offer immediate opportunities to optimize rental income and enhance tenant retention.
Priced under $600,000 for a well-maintained duplex in Los Angeles, this property provides an accessible entry for investors seeking a turnkey asset with significant upside.
The property is master-metered, which increases the owner's operational expenses and reduces the ability to pass utility costs directly to tenants.
A modest lot size of 2,961 square feet restricts options for significant outdoor expansion, additional parking, or the construction of a detached ADU.
Outstanding value-add duplex in a prime Central Los Angeles location, conveniently situated just west of the 101 Freeway and south of the 10 Freeway. This well-maintained, master-metered property is in excellent condition, offering investors the rare combination of immediate income and long-term upside. The rear unit is a spacious 2-bedroom residence featuring a large private patio—an attractive amenity that enhances tenant appeal and outdoor living. The front unit offers a flexible floor plan that can easily function as a 2-bedroom, creating additional rental potential and maximizing income opportunities. Whether you're looking to capitalize on future rental growth, optimize the existing unit configuration, or simply acquire a turnkey asset in a high-demand rental market, this property checks all the boxes. Located just minutes from Downtown Los Angeles, USC, Koreatown, public transportation, shopping, dining, and major employment centers, it benefits from strong and consistent tenant demand. A well-cared-for investment with exceptional upside—don't miss this opportunity to add a quality Los Angeles income property to your portfolio.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,386 | 2,187.451 |
| Lot Size | 2,961 | 5,841.385 |
| Price | $600.0K | $841.5K |
| Price per sq ft | $433 | $385 |
| Built year | 1924 | 1928 |
| HOA | $0 | $0 |
| Days on market | 37 | 85 |
Aug 3, 2026
$599,999
Initial Listing