
Los Angeles, California 90016
This Dual-Unit Compound represents a Strong Value Opportunity, listed at $1,249,000, which aligns closely with the $1,225,771 Fair Market Value. Featuring a Condition Rating of 2, both bungalows offer turnkey, modern interiors with updated kitchens and central HVAC. The property provides exceptional flexibility for multi-generational living or rental income, anchored by a private courtyard and mature landscaping. This is an ideal acquisition for Buy-and-Hold Investors seeking stable cash flow or Owner-Occupants looking to offset their mortgage through on-site rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2223 Alsace Avenue Subject 4 bd · 2 ba · 1,608 sqft · $762 | $1,249,000* List Price | 4 | 2 | 1,608 | $762 | - |
A 2430 S Cochran Avenue Sold 3 bd · 2 ba · 1,340 sqft · $813 · 0.3 mi | $1,090,000 | 3 | 2 | 1,340 | $813 | 0.3 mi |
B 2331 S Cloverdale Avenue Sold 4 bd · 3 ba · 1,867 sqft · $736 · 0.2 mi | $1,375,000 | 4 | 3 | 1,867 | $736 | 0.2 mi |
C 2407 S Orange Sold 4 bd · 3 ba · 2,102 sqft · $604 · 0.1 mi | $1,270,000 | 4 | 3 | 2,102 | $604 | 0.1 mi |
D 2115 S Redondo Sold 3 bd · 2 ba · 1,399 sqft · $736 · 0.1 mi | $1,030,000 | 3 | 2 | 1,399 | $736 | 0.1 mi |
E 1917 S Marvin Avenue Sold 3 bd · 2 ba · 1,456 sqft · $879 · 0.6 mi | $1,280,000 | 3 | 2 | 1,456 | $879 | 0.6 mi |
F 2942 S West View Sold 3 bd · 3 ba · 1,549 sqft · $684 · 0.7 mi | $1,060,000 | 3 | 3 | 1,549 | $684 | 0.7 mi |
G 2942 Hillcrest Drive Sold 3 bd · 2 ba · 1,644 sqft · $804 · 0.9 mi | $1,322,000 | 3 | 2 | 1,644 | $804 | 0.9 mi |
H 2702 Thurman Avenue Sold 3 bd · 2 ba · 1,296 sqft · $891 · 1.0 mi | $1,155,000 | 3 | 2 | 1,296 | $891 | 1.0 mi |
I 2319 S Cloverdale Avenue Active 3 bd · 2 ba · 1,440 sqft · $965 · 0.2 mi | $1,390,000 List Price | 3 | 2 | 1,440 | $965 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent renovation (within the last 5 years) featuring modern kitchen updates (jade-green cabinetry, butcher-block and stone counters, new appliances), fully remodeled bathrooms with contemporary subway and patterned tiling, updated flooring throughout, and the addition of central HVAC.
The property features two separate, vacant bungalows on a single lot, offering exceptional flexibility for rental income, multi-generational living, or a private home office setup.
Both residences have been tastefully refreshed with contemporary finishes, including jade-green cabinetry and butcher-block counters in the front unit, and central HVAC and updated bathrooms in the rear.
Situated in a vibrant dining and shopping hub, the home is minutes from popular spots like Cento and Highly Likely, as well as major retailers like Whole Foods and Trader Joe's.
With a total of 1,608 square feet divided between two separate homes, the individual rooms and living areas may feel small for buyers accustomed to larger single-family layouts.
Originally built in 1923, the property may necessitate higher long-term maintenance costs associated with aging structural elements and systems typical of historic homes.
Set beneath the canopy of a mature tree, this Spanish compound holds something rare: two complete, freestanding bungalows on one lot, both vacant. The front residence, 2223 Alsace, sets the tone for the property with a white stucco facade, terra cotta tile accents, sculptural parapet lines, and a dramatic arched picture window. Mature hedging and established plantings frame the approach, with four off-street parking spaces behind an automatic gate across the front and along the side driveway. Inside, the arched window anchors a bright living and dining room, where refreshed interiors keep the space warm and understated. Plantation shutters filter the daylight, and crown molding gives the room a tailored finish. A breakfast bar opens the kitchen to the main room, pairing butcher-block countertops with jade-green cabinetry, matte-black hardware, and a new dishwasher. Two light-filled bedrooms and a refreshed bathroom complete the home, with a dedicated laundry area and stacked washer and dryer. The space flows through the rear hallway to the courtyard outside. Between the two residences, a brick-paved courtyard unfolds beneath the shade of a mature tree. Beyond it, blooming bougainvillea frames the approach to 2225 Alsace. Set farther back from the street, the second residence has a character of its own: a light-filled living room with substantial window casings, crown molding, and woven shades. The kitchen is generously proportioned, with stainless-steel appliances, a gas range, stone countertops, abundant cabinetry, a dedicated water-filtration system, room for casual dining, and a rear door to the outdoor spaces beyond. Two bedrooms sit along a central hall, with ample closet storage and an updated bathroom finished in subway tile, patterned flooring, a dark vanity, and matte-black accents. Fresh interior paint and central HVAC round out the home. The backyard opens into a series of outdoor rooms. A slatted pergola shelters a raised, tiled lounge terrace, with an adjoining dining area and lawn for gathering, gardening, or just spending the afternoon outside. Mature plantings and towering cypress form the backdrop, and a freestanding shed adds storage. Together, the courtyard and rear garden give the two residences a separation and privacy you rarely find on a shared lot. In Mid City, the property sits moments from one of LA's most dynamic dining corridors. Start the morning with coffee at mu.s or Jurassic Magic, enjoy breakfast at Highly Likely and Vicky's All Day, then work through Cento, Picala, Alta, Chulita, and Maydan Market. Whole Foods, Trader Joe's, and Erewhon cover the everyday shopping, while Westside Neighborhood Park and Kenneth Hahn State Recreation Area offer a change of pace. The Culver Arts District, The Culver Steps, and the Metro E and K Lines connect the property to the rest of the city.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,608 | 1,670.836 |
| Lot Size | 5,039 | 6,152.156 |
| Price | $1.25M | $1.34M |
| Price per sq ft | $777 | $807 |
| Built year | 1923 | 1941 |
| HOA | $0 | $238 |
| Days on market | 25 | 56 |
Oct 15, 2026
$1,249,000
Initial Listing
Jul 23, 2021
$1,227,000
Public Record
Mar 27, 2015
$676,000
Public Record
Sep 15, 2010
$221,000
Public Record
Aug 26, 2004
$439,000
Public Record