
Los Angeles, California 90059
This property presents a High-Potential Investment Opportunity with a List Price of $725,000—positioned well below the $726,745 Fair Market Value by 0.24%. Featuring a Fair Condition Rating, this income-producing duplex offers significant upside through approved plans for a 3rd unit and conceptual potential for 5 total units on an 8,899 SF lot. With separate utility metering and the ability to deliver one unit vacant, this is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking immediate cash flow and long-term development growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2111 E 118th Street Subject | $725,000* List Price | 0 | 0 | 1,535 | $473 | - |
A 1648 E 110th Sold | $860,000 | 0 | 0 | 1,866 | $461 | 0.8 mi |
B 1764 E 113th Sold | $525,000 | 0 | 0 | 1,101 | $477 | 0.6 mi |
C 1832 E 108th 2 Active | $690,000 List Price | 0 | 0 | 1,500 | $460 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, this duplex is functional and income-producing but shows its age. While there are some cosmetic updates like wood-look tile flooring and refreshed kitchen cabinetry, the finishes appear to be over 15-20 years old. The property lacks central HVAC, relying on dated wall units, and the bathroom fixtures are basic and aging. It is move-in ready for tenants but requires modernization of systems and aesthetics to reach a 'Good' rating.
The property features a large 8,899 SF lot with LA Housing approved plans for a 3rd unit and conceptual scenarios for up to 5 total units, offering massive value-add upside.
Currently an income-producing duplex with detached units; the ability to deliver the larger unit vacant at closing provides an excellent opportunity for an owner-user or market-rate lease-up.
The existing residences are equipped with separate gas and electric meters, simplifying property management and reducing the owner's monthly utility obligations.
The five-unit expansion plan is purely conceptual and subject to feasibility and governmental approvals, placing the burden of verification and risk on the buyer.
With only one water meter serving the entire property, the owner faces higher utility overhead or the added expense of installing sub-meters for future units.
INCOME-PRODUCING DUPLEX WITH LA HOUSING APPROVED PLANS FOR 3RD UNIT! Two detached 2-bedroom, 1-bath residences with individual laundry areas situated on an approximately 8,899 SF lot. The property currently generates rental income from both existing residences. Approved plans are in place for an approximately 900 SF, 2-bedroom, 1.5-bath ADU with laundry at the rear of the property. An additional conceptual development scenario explores removal of the existing approximately 366 SF garage and construction of three detached residential units at the rear while retaining both existing residences, potentially resulting in 5 total residential units. The conceptual rear units have been modeled at approximately 900 SF each with 2 bedrooms, 1.5 baths and laundry. Existing property features include separate gas and electric meters serving the two residences and one water meter. Buyer to independently verify permits, approved plans, square footage, zoning, unit configuration and all development possibilities with the appropriate governmental agencies. The three-unit rear development concept is not currently approved and is subject to feasibility review and all required governmental approvals. **Possession of the larger of the two existing units may be delivered to the buyer at closing**. SEE ATTACHED SUPPLEMENTS FOR DETAILS.
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 | 1,535 | 2,187.451 |
| Lot Size | 8,902 | 5,841.385 |
| Price | $725.0K | $841.5K |
| Price per sq ft | $472 | $385 |
| Built year | 1950 | 1928 |
| HOA | $0 | $0 |
| Days on market | 8 | 85 |
Sep 1, 2026
$725,000
Initial Listing
Jul 11, 2016
$340,000
Public Record
Aug 21, 2009
$118,000
Public Record