2022 W 31st, Los Angeles, California 90018, Los Angeles, 90018 - 3 bed, 3 bath
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Los Angeles, California 90018
This Turnkey Duplex represents a High-Potential Investment Opportunity, listed at $1,199,000. While currently priced above the $1,022,015 Fair Market Value, the property offers significant long-term upside due to its Turnkey Renovation and strategic location just 3 miles from USC. Featuring a 2-unit layout with new central HVAC and an extra-large garage, this asset is optimized for the high-demand student housing market. With a Mint Condition Rating, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking immediate rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2022 W 31st Subject | $1,199,000* List Price | 3 | 3 | 1,922 | $532 | - |
A 1805 W 35th Street Sold | $937,500 | 0 | 0 | 2,116 | $443 | 0.2 mi |
B 1610 N 36th N Active | $1,100,000 List Price | 5 | 3 | 2,108 | $522 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a complete top-to-bottom renovation within the last 5 years, featuring brand-new kitchens with custom cabinetry and Corian countertops, new high-end laminate flooring, and new windows. Systems are updated with a new central HVAC, and the interior/exterior paint and finishes are in mint condition, requiring no maintenance.
Both units have been completely remodeled from top to bottom with high-end finishes, new windows, and new central HVAC, offering a move-in ready investment with minimal immediate capital expenditure.
Located just 3 miles from USC in the Adams District, this duplex is ideally positioned for the high-demand student housing market, providing strong rental upside and long-term appreciation.
The property features a rare, extra-large covered garage with direct access to both units, a significant value-add in a high-density Los Angeles neighborhood where parking is at a premium.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
The assigned public schools for this address carry low ratings (mostly 2/10), which may deter long-term family tenants and limit the property's appeal to a specific demographic of renters.
With only three bedrooms total across nearly 2,000 square feet of living space, the price-per-bedroom is relatively high, which could impact the immediate cap rate compared to higher-density multi-family assets.
Welcome to this gorgeous duplex in the heart of Los Angeles (Adams District), just 3 miles from USC. Both units have been completely remodeled from top to bottom, offering nearly 2,000 SQ FT of living space on a 5,2000 SQ FT lot. FRONT HOUSE: A spacious 2-bedroom, 2-bath layout featuring a large master suite with custom shower, and beautiful soaking tub, double-sink vanity, and oversized closet. BACK HOUSE: This has a generously sized bedroom with a large bathroom, oversized living room and spacious kitchen. Both units are thoughtfully renovated with new kitchens, custom cabinetry, Corian countertops, new windows, new high-end laminate flooring and fresh paint inside and out, new central HVAC to include central air. Extra-large covered garage with direct access to both units. Each home features a bright modern open design. Located just 3 miles from USC, which is ideal for student housing offering a strong in-place income and excellent long-term upside potential. Set in a quiet, well kept neighborhood with friendly neighbors who maintain a sense of ownership pride, this is a property that truly speaks for itself. This property will not disappoint, must be seen to appreciate all the attention to details.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 5.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,922 | 2,250 |
| Lot Size | 5,200 | 5,864 |
| Price | $1.20M | $826.7K |
| Price per sq ft | $624 | $395 |
| Built year | 1924 | 1925 |
| HOA | $0 | $0 |
| Days on market | 20 | 83 |
Jul 2, 2026
$1,199,000
Initial Listing
May 13, 2022
$600,000
Public Record
Jan 2, 2020
$440,000
Public Record
Oct 2, 2013
$260,000
Public Record