
Los Angeles, California 90004
This 1920s Spanish Duplex Conversion is a strategic Value-Add Asset listed at $1,995,000—positioned below the $2,025,645 Fair Market Value by 1%. This entry point offers $30,645 in Instant Equity with significant upside through a single-family transition to maximize ROI. Currently holding a Condition Rating of 5, the property requires extensive modernization but preserves rare Batchelder fireplaces and architectural heritage. The 7,500+ sq. ft. lot includes a three-car garage with ADU potential near Third Street Elementary and John Burroughs Middle. This acquisition is ideal for Fix-and-Flip Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 246 N Irving Boulevard Subject | $1,945,000* List Price | 4 | 4 | 3,202 | $633 | - |
A 533 N Bronson Avenue Pending | $1,595,000 List Price | 3 | 2 | 2,015 | $792 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1923, this property requires substantial rehabilitation and modernization. While it retains historic architectural charm, the interior shows significant wear, including heavily stained hardwood floors and popcorn ceilings. The kitchens and bathrooms are severely outdated, featuring mid-century cabinetry and aged appliances. The listing and analysis explicitly state that the property likely requires extensive replacement of major systems—including electrical, plumbing, and HVAC—to meet contemporary standards, making it a primary candidate for a full-scale renovation or conversion.
Priced at approximately $623 per square foot, this property offers a significantly lower entry point compared to typical single-family homes in the prestigious Hancock Park-Wilshire area.
The 1920s Spanish duplex retains rare historic details, including original Batchelder fireplaces, period tile work, and French doors, providing a high-value foundation for a character-rich restoration.
Delivered fully vacant on a generous 7,500+ sq. ft. lot with a three-car garage, the property presents a prime opportunity for a single-family conversion or the addition of an ADU.
Transforming the existing duplex layout into a cohesive single-family residence will require substantial capital investment, architectural planning, and navigating the city's permitting process.
As a 1923 build, the property likely requires extensive modernization of major systems, including electrical, plumbing, and HVAC, to meet contemporary luxury standards.
Time to think outside the box. Consider converting this character-rich 1920s Spanish duplex, ideally located on Irving Blvd nestled between Beverly Blvd and 1st Street, into a Single Family Home. Offered fully vacant, this rare offering is an exceptional opportunity for investors or owner-user to convert this duplex into one house. With over 3,200 sq.ft. on a 7,500+ sq.ft. lot, this property can be purchased for about $623/sq/ft. which is unheard of for a house in this neighborhood. Both units feature nearly identical, thoughtfully designed floor plans. Each welcomes you with a sun-drenched living room anchored by a decorative Batchelder fireplace, followed by a formal dining room and adjacent den perfect for a home office or additional lounge space. The spacious kitchens include an attached breakfast room that can easily function as an office, den, or potential third bedroom. Each unit offers two well-sized bedrooms and two bathrooms, with two of the baths showcasing original 1920s tile work and charming built-ins that beautifully preserve the home's architectural heritage. Set on a generous lot, the property includes a three-car garage presenting an excellent opportunity to add an ADU while still maintaining ample outdoor and garden space. Classic details throughout include hardwood floors, French windows and doors, original hardware, and timeless Spanish architectural elements that are increasingly hard to find. All of this just blocks from the shops and dining along Larchmont Boulevard a location that perfectly balances neighborhood charm with urban convenience. A rare blend of character, flexibility, and upside potential in one of LA's most desirable neighborhoods.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 3,202 | 2,534 | 74% |
| Lot Size | 7,524 | 7,009.5 | 59% |
| Price | $1.95M | $1.92M | 52% |
| Price per sq ft | $607 | $916 | 20% |
| Built year | 1923 | 1922 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 190 | 2% |
Apr 17, 2026
$1,945,000
$1,995,000
-3% Price Drop
Initial Listing
Apr 3, 2026
$1,995,000
Initial Listing