1972 N Marianna Avenue, Los Angeles, California 90032, Los Angeles, 90032 - 0 bed, 0 bath
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Los Angeles, California 90032
This Value-Add Residential Income Duplex represents a High-Potential Investment Opportunity, listed at $799,999—aligning perfectly with its $799,999 Fair Market Value. Following a substantial price reduction, this asset offers a stable entry point into the appreciating El Sereno market. Featuring Hills and Mountain Views and a Condition Rating of 4, the property provides significant upside through the modernization of its 1935 vintage infrastructure. Its strategic location near Cal State LA ensures consistent rental demand, making this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-upside house hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1972 N Marianna Avenue Subject | $799,999* List Price | 0 | 0 | 1,592 | $503 | - |
A 5102 Ithaca Avenue Sold | $590,000 | 4 | 3 | 1,672 | $353 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1935, this duplex is functional but significantly outdated, showing signs of age throughout. The kitchens and bathrooms feature vintage cabinetry, laminate countertops, and older appliances that likely date back several decades. While the original hardwood floors are a plus, the property requires modernization of its major systems, fixtures, and finishes to meet current market standards, aligning with the listing's appeal to investors and developers.
The duplex configuration allows for a 'live-in and rent' strategy, providing immediate rental income to offset mortgage costs or serve as a pure investment vehicle.
Situated minutes from Cal State LA and the 10 and 710 freeways, the property is ideally positioned for student/faculty rentals and easy commuting.
The availability of three adjacent R1-zoned lots (sold separately) offers a rare chance for developers to acquire a significant footprint in a rapidly growing area.
Built in 1935, the property likely requires modernization of major systems and potential repairs to meet contemporary building standards.
The 4,467 square foot lot is relatively small for a multi-unit property, which may limit private outdoor space and parking capacity for tenants.
To fully realize the development potential mentioned, a buyer must coordinate the purchase of multiple adjacent listings, increasing the complexity and capital requirements of the deal.
Calling all home buyers, investors and developers. We are pleased to offer this duplex for sale in the El Sereno. Live in one and rent the other. Two units; 1 bedroom + 1 bathroom and 2 bedrooms 1 bathroom. This duplex offers the perfect blend of comfort and convenience; situated just minutes away from Cal State LA and the 10 and 710 freeways. Ideal for families or investors, this duplex presents a unique opportunity in a rapidly growing area. In addition, there are 3 adjacent lots zoned R1 that are being sold as well with this duplex; Listing IDs: SB25091032, SB25091026, SB25091023. Don't miss your chance to grow your portfolio and own this fantastic property in El Sereno.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,592 | 1,764 | 45% |
| Lot Size | 4,467 | 7,154 | 9% |
| Price | $800.0K | $750.0K | 55% |
| Price per sq ft | $503 | $503 | 50% |
| Built year | 1935 | 1930 | 55% |
| HOA | $0 | $0 | 50% |
| Days on market | 397 | 123 | 91% |
Oct 11, 2025
$799,999
Initial Listing
May 5, 2025
$940,000
Initial Listing