
Los Angeles, California 90031
This property presents a High-Potential Investment Opportunity with a List Price of $720,000, positioned slightly above the $711,199 Fair Market Value. While the property lacks immediate instant equity, the massive 7-bedroom configuration and 6,982-square-foot lot offer significant upside through strategic renovation. With a Condition Rating of 5, the asset requires a full rehab to modernize its 1898 infrastructure. This is a high-density value-add acquisition ideal for Buy-and-Hold Investors or Contractors looking to maximize rental yield in the Lincoln Heights market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 177 W Avenue 26 Subject 7 bd · 2 ba · 2,319 sqft · $307 | $720,000* List Price | 7 | 2 | 2,319 | $307 | - |
A 2229 Hancock Street Pending 0 bd · 0 ba · 2,394 sqft · $324 · 0.7 mi | $775,000 List Price | 0 | 0 | 2,394 | $324 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1898, this 126-year-old property is marketed as an 'investment opportunity,' which typically indicates significant deferred maintenance. The exterior shows weathered siding, cracked concrete, and signs of age-related wear; without evidence of recent renovations to the kitchens, baths, or major systems (HVAC/Electric), the property likely requires a full rehab to meet modern safety and functional standards.
As a duplex featuring a 1-bedroom front house and a massive 7-bedroom back house, this property offers significant rental yield opportunities for savvy investors looking for high-density housing.
The generous 6,982-square-foot lot provides ample space for potential Accessory Dwelling Unit (ADU) additions, allowing for increased density and substantial value appreciation.
Situated in the Lincoln Heights area of Los Angeles, the property is well-positioned near downtown and major transit hubs, offering strong long-term growth prospects in a high-demand rental market.
The property was recently sold within the past year on 2026-01-08. The sold price is $450,000.00.
Built in 1898, the property likely requires substantial capital expenditure to update structural, electrical, and plumbing systems to meet modern building codes and tenant expectations.
With only 2 to 2.5 bathrooms serving a total of 8 bedrooms, the current configuration is functionally limited and may require costly remodeling to improve utility and tenant appeal.
Investment opportunity for a savvy investor!! Front house is 1 bedroom 1 bath, Back house is 7 bedrooms 2 1/2 baths with potential for ADU additions.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 4.5 |
| Baths | 2.0 | 2.9 |
| Square foot | 2,319 | 2,090.331 |
| Lot Size | 6,982 | 5,852.908 |
| Price | $720.0K | $830.9K |
| Price per sq ft | $310 | $394 |
| Built year | 1898 | 1928 |
| HOA | $0 | $0 |
| Days on market | 41 | 87 |
Sep 29, 2026
$720,000
Initial Listing
Jan 8, 2026
$450,000
Public Record