
Los Angeles, California 90016
This Value-Add Residential Income Duplex is listed at $999,990, positioned relative to a $876,931 Fair Market Value. Currently maintaining a Poor Condition Rating, the asset requires a comprehensive renovation to address deferred maintenance from its 1948 origin. However, the 7,917 sqft lot and dual-unit layout—comprising a 4-bedroom front house and a 2-bedroom rear unit—offer significant potential for forced appreciation and high-density rental income. Located in a prime metropolitan corridor, this is a strategic acquisition for Value-Add Investors or Developers looking to capitalize on Los Angeles's rental demand.
Property is extensive renovation needed.
Built in 1948 (76 years old) with no mention of recent renovations, this property falls into the poor category. The listing specifically targets 'investors/builders,' a common indicator of significant deferred maintenance. Visible exterior neglect in the driveway and fencing, combined with the age, suggests that the kitchen, baths, and major systems (HVAC/Electric) likely require a full rehab to meet modern standards.
The property features a spacious 4-bedroom front house and a 2-bedroom rear unit, offering excellent rental income opportunities or multi-generational living flexibility.
Situated in a highly desirable Los Angeles neighborhood, the property provides convenient access to metropolitan amenities, transit, and major employment hubs.
With a nearly 8,000 square foot lot, there is significant potential for future expansion, ADU construction, or redevelopment, appealing strongly to investors and builders.
Built in 1948, the property may require significant modern updates or structural repairs to meet contemporary standards and maximize its market value.
Being located directly on Crenshaw Boulevard may result in increased noise levels and traffic congestion, which could impact residential privacy and quietude.
Great metropolitan area location. Spacious Duplex ; 4 Bedrooms 3 baths House at the front of the property and 2 Bedrooms 1 bath apartment at the back of the property. DESIRABLE location for investor/builders ; or for a big family to enjoy comfortable living in a metropolitan style.
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 | 2,922 | 3,817 | 50% |
| Lot Size | 7,917 | 6,377.5 | 88% |
| Price | $1000.0K | $1.09M | 38% |
| Price per sq ft | $342 | $410 | 38% |
| Built year | 1948 | 1946 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 165 | 13% |
Apr 30, 2026
$999,990
Initial Listing
Aug 29, 2002
$74,000
Public Record
Mar 1, 1999
$280,000
Public Record
Feb 16, 1999
$814,545
Public Record