223 E 55th, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
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Los Angeles, California 90011
This Strategic Residential Income Duplex is listed at $850,000, offering a high-utility asset near the University of Southern California. While the $766,071 Fair Market Value reflects the property’s Fair Condition Rating and 1921 origins, the location provides a competitive edge for rental demand. Spanning 2,052 square feet near the 110 Freeway, the property is perfectly configured for dual-stream income or multi-generational living. This versatile property represents a solid long-term play for Buy-and-Hold Investors or Owner-Occupants seeking a strategic house-hack opportunity in a central Los Angeles hub.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 223 E 55th Subject | $850,000* List Price | 0 | 0 | 2,052 | $373 | - |
A 203 E 56th Street Sold | $745,000 | 0 | 0 | 1,926 | $387 | 0.1 mi |
B 5123 S San Pedro St Sold | $775,000 | 0 | 0 | 2,517 | $308 | 0.2 mi |
C 5125 Avenue Woodlawn Sold | $600,000 | 0 | 0 | 1,608 | $373 | 0.3 mi |
D 133 - 135 E 54th Street Active | $689,000 List Price | 0 | 0 | 1,664 | $414 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a century-old duplex built in 1921. While the exterior appears functional and maintained, it shows clear signs of age including stained concrete and dated architectural elements. The listing description focuses on location and income potential rather than recent renovations, suggesting the interior likely features older finishes and systems that, while functional, are outdated and require minor updates to meet modern standards.
As a residential income duplex, this property offers excellent versatility for investors to rent out both units or for an owner-occupant to live in one while offsetting the mortgage with rental income from the other.
Ideally situated near the 110 Freeway and minutes from the University of Southern California (USC), the property is positioned in a high-demand area for students and commuters, ensuring a consistent tenant pool.
With 2,052 square feet of living space on a nearly 5,000 square foot lot, the property provides a substantial footprint that is larger than many comparable multi-family offerings in the immediate area.
Built in 1921, the property may require significant maintenance or capital improvements to modernize century-old systems such as plumbing, electrical, and structural elements.
The majority of the assigned public schools in the vicinity have low performance ratings (2/10 and 3/10), which may deter long-term family tenants and impact future resale value to owner-occupants.
Amazing opportunity in Downtown LA to own a duplex! Located ideally near the One-Ten Freeway and just minutes away from the University of Southern California, this property gives plenty of opportunity to have tenants rent out both units or rent out one unit while you reside in the other!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.2 mi
Grades K-5 • 0.7 mi
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 | 2,052 | 2,040 | 50% |
| Lot Size | 4,909 | 5,261 | 25% |
| Price | $850.0K | $747.5K | 69% |
| Price per sq ft | $414 | $380 | 59% |
| Built year | 1921 | 1913 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 209 | 6% |
Mar 19, 2026
$850,000
Initial Listing
Dec 9, 2021
$680,000
Public Record
Nov 20, 2017
$439,000
Public Record