1945 Sheridan Street, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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Los Angeles, California 90033
This Residential Income Duplex represents a High-Potential Investment Opportunity, listed at a List Price of $625,000—positioned well below the $624,316 Fair Market Value by 0%. While the property maintains a Condition Rating of 4, its strategic location near USC and major transit hubs ensures consistent rental demand. The asset features separate utility metering and a spacious driveway, providing a solid foundation for value-add renovations. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage house-hacking strategies in a high-demand Los Angeles market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1945 Sheridan Street Subject | $625,000* List Price | 0 | 0 | 1,566 | $399 | - |
A 2627 Pomeroy Avenue Sold | $587,000 | 0 | 0 | 1,544 | $380 | 0.7 mi |
B 502 S Soto Sold | $790,000 | 0 | 0 | 1,832 | $431 | 1.0 mi |
C 2112 City View Avenue Active | $515,000 List Price | 0 | 0 | 1,560 | $330 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1924 with interior updates (tile flooring and bathroom fixtures) that appear to be 20-30 years old. The presence of window AC units suggests a lack of modern central HVAC, and the overall aesthetic is dated, requiring cosmetic and system improvements to meet modern standards.
As a duplex in a high-demand rental market, this property offers an excellent opportunity for steady cash flow or a house-hacking strategy for owner-occupants.
Situated in Boyle Heights, the property boasts close proximity to Downtown Los Angeles, the Arts District, and major freeways, ensuring long-term desirability and low vacancy rates.
Listed at $625,000, this multi-family asset provides an accessible entry point into the Los Angeles investment market compared to the significantly higher median prices in surrounding areas.
Built in 1924, the property likely requires updates to major systems such as plumbing, electrical, and roofing to meet modern standards and reduce maintenance costs.
The 4,004 square foot lot is relatively compact for a residential income property, which restricts outdoor amenities for tenants and limits the potential for future ADU expansion.
Welcome to this charming duplex in the heart of Los Angeles The property is fully gated, providing added privacy and security. While there is no garage, the long driveway extends to the rear of the property and offers parking for approximately four vehicles, a valuable feature in this desirable neighborhood. Each spacious unit features 1 bedroom and 1 full bathroom with comfortable living spaces. Both units have their own separate gas and electric meters, while a single water meter services the property and is currently paid by the seller. Whether you're looking to expand your investment portfolio, live in one unit while renting the other, or accommodate a small family, this duplex offers flexibility and incredible potential in one of Los Angeles' most sought-after locations. Conveniently close to USC, shopping, dining, public transportation, and major freeways, this is an opportunity you won't want to miss.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,566 | 2,250 |
| Lot Size | 4,004 | 5,864 |
| Price | $625.0K | $826.7K |
| Price per sq ft | $399 | $395 |
| Built year | 1924 | 1925 |
| HOA | $0 | $0 |
| Days on market | 0 | 83 |
Jun 23, 2026
$625,000
Initial Listing
Nov 15, 2004
$325,000
Public Record
Dec 17, 1997
$95,000
Public Record