2468 W Avenue 32, Los Angeles, California 90065, Los Angeles, 90065 - 0 bed, 0 bath
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Los Angeles, California 90065
This Versatile Residential Income Duplex in Glassell Park is listed at $1,350,000, reflecting a premium over the $1,242,821 Fair Market Value due to its exceptional utility. The property sits on a massive 9,192 sqft Corner Lot, offering each unit a private Two-Car Garage and dedicated yard space—features that command top-tier rental demand. Currently holding a Functional Condition Rating, the 1959 construction presents a significant value-add opportunity through modernization or ADU development. This asset is an ideal match for Buy-and-Hold Investors or Owner-Occupants seeking a high-utility house-hack in Northeast Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2468 W Avenue 32 Subject | $1,350,000* List Price | 0 | 0 | 2,430 | $511 | - |
A 2973 W Avenue 33 Sold | $1,100,000 | 5 | 3 | 2,144 | $513 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1959, the property appears to be in functional condition but shows clear signs of age. The exterior features dated stucco, security bars on windows, and older wrought iron fencing. While the description states it is in 'good condition,' the lack of interior photos and the property's age suggest that major systems, kitchens, and bathrooms are likely outdated and have not undergone the extensive recent renovations required for a 'good' or 'excellent' rating.
Unlike many multi-family properties, each unit features its own dedicated two-car garage and private yard area, significantly increasing tenant desirability and owner-user appeal.
The property sits on a generous 9,192 square foot corner lot, providing excellent curb appeal and significant potential for future expansion or the addition of an Accessory Dwelling Unit (ADU).
Situated in a high-demand neighborhood, the property offers convenient access to local amenities, schools, and transportation, ensuring low vacancy rates and long-term appreciation.
Built in 1959, the property may require updates to major systems such as plumbing, electrical, or roofing to meet modern efficiency standards and reduce long-term maintenance costs.
At a list price of $1.35 million, the initial investment is substantial, which may result in a tighter capitalization rate for investors focused purely on immediate cash flow.
2 Units On a corner lot, both in good condition. Each has its own 2 car garage. Each unit has their own yard area. Convenient to all amenities including transportation, Stores, Church and School.
No exterior & parking available.
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 | 2,430 | 1,680 | 88% |
| Lot Size | 9,192 | 6,289.5 | 75% |
| Price | $1.35M | $962.6K | 88% |
| Price per sq ft | $556 | $564 | 50% |
| Built year | 1959 | 1951 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 31 | 183 | 13% |
Mar 22, 2026
$1,350,000
Initial Listing