243 E 82nd, Los Angeles, California 90003, Los Angeles, 90003 - 5 bed, 2 bath
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243 E 82nd
Los Angeles, California 90003
ACTIVE UNDER CONTRACT
CONDITION: GOOD
5Beds
2Baths
1,256Sq Ft
5,072Lot Size
Property Price
LIST PRICE$607,000
EST. MARKET VALUE
$670,875
9% BelowMARKET VALUE
SUMMARY
This Duplex Residential Income Asset is a Strong Value Opportunity, listed at $607,000—positioned well below the $670,875 Fair Market Value by 9%. This valuation gap offers $63,875 in Instant Equity. Featuring a Condition Rating of 3, the property includes a turnkey, renovated front unit and a detached two-car garage. With individual backyards and no ADU conversion required, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add property in the Los Angeles Unified district.
Estimated Market Value
$670,875+$63,875 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 243 E 82nd Subject | $607,000* List Price | 5 | 2 | 1,256 | $534 | - |
A 246 E 87th Place Sold | $595,000 | 0 | 0 | 980 | $607 | 0.5 mi |
B 243 E 82nd Active | $585,000 List Price | 0 | 0 | 1,256 | $466 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1925, the front unit has undergone a recent renovation (under 5 years) featuring new LVP flooring, updated electrical fixtures, and a modernized kitchen and bathroom with new cabinets and quartz-style countertops. The back unit remains dated (Fair condition), but the overall property is well-maintained, functional, and move-in ready for an owner-occupant.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Unit Configuration
The property features two separate houses on a single lot rather than a standard duplex, providing enhanced privacy for occupants and an immediate income-generating opportunity without the need for ADU conversion.
- Turnkey Front Unit
The front unit has been recently updated with new flooring, interior paint, and modernized kitchen and bathrooms, allowing for immediate occupancy or market-rate leasing with minimal initial investment.
- Functional Parking and Privacy
The lot includes a detached two-car garage, tandem driveway parking, and individual enclosed backyard spaces for each unit, which are highly desirable amenities for tenants in the Los Angeles rental market.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
- Shared Utility Metering
Both units share a single electrical meter, which complicates utility billing between tenants and may necessitate the installation of a sub-meter or inclusion of electricity costs in the rent.
- Record Discrepancies
There is a notable discrepancy between the property profile's five-bedroom count and the actual four-bedroom layout, which may impact appraisal valuations and requires buyer due diligence.
About 243 E 82nd
This property is being presented as two (2) Units on a lot with their own address. The property was Listed on an Auction website for sale at a reduced price; it has been removed from the site. The property is now being sold as a standard sale. This is an opportunity to purchase a Duplex and not have to convert the garage into an ADU. There are two houses on the lot, the front home will be delivered vacant, and the back Unit will be delivered with the tenants in place. The property profile indicated that there are 5 beds / 2 baths, but the Front unit is 3 beds / 1 bath, and the back unit is 1 bed / 1 bath, buyer should do their own due diligence for the bed/ bath count. There is a detached two (2) car garage, which both tenants shared. There is a driveway along the side of the building which provides tandem parking for the occupant. Each unit has its own enclosed back yard space. Both Unit have their own hot water heater, and both units share one (1) electrical meter. The front unit has been updated; the back unit has not. The front Unit has been painted in the interior, new window blinds have been installed, new flooring, new lights & outlets, and closet doors have been installed as well. The Kitchen and Bathrooms have been updated with new cabinets, vanity, countertops and fixtures. The property is completely fenced in with redwood and chain-link fencing. This is a great opportunity for value-added owner-occupants, Investors and individuals looking for 1031 exchange investment. This is a must-see property.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1925
- Lot Size
- 5,072 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.6 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,256 | 2,187.451 |
| Lot Size | 5,072 | 5,841.385 |
| Price | $607.0K | $841.5K |
| Price per sq ft | $483 | $385 |
| Built year | 1925 | 1928 |
| HOA | $0 | $0 |
| Days on market | 16 | 85 |
Pricing History
Listed for Sale
Aug 24, 2026
$607,000
Initial Listing