
Los Angeles, California 90031
This Multi-Generational Income Property is a Strong Value Opportunity, listed at $1,159,900—positioned well below the $1,159,999 Fair Market Value by 0.01%. Featuring a 2-bedroom ADU and billboard income, this asset generates $2,500 in monthly passive revenue. With a Condition Rating of 4, the home offers modern efficiency upgrades like solar panels and a tankless water heater, though interior cosmetic updates remain. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Property is moderate renovation needed.
While the property features significant recent system upgrades including a 1-year-old roof, solar panels, and a tankless water heater, the core interior elements are dated. The kitchen cabinetry and tile backsplash reflect a renovation style from over 20 years ago, and the 1907 structure shows age-appropriate wear. The home is functional and well-maintained but requires cosmetic and minor interior updates to meet modern standards.
The property includes a permitted 2-bedroom ADU generating $2,350/month and a billboard providing $150/month, offering a total of $2,500 in monthly passive income to offset mortgage costs.
With a total of 7 bedrooms and 3 bathrooms across the main house and ADU, this property is perfectly configured for large families or co-living investment strategies.
The home features high-value capital improvements including a one-year-old roof, solar panels, and a tankless water heater, reducing long-term maintenance and utility expenses.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7200, other record lot size in square feet = 7130. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 5.
With 7 bedrooms packed into 2,120 square feet, individual room sizes and common areas may feel cramped, potentially limiting the home's sense of openness.
Several assigned and nearby elementary schools have low ratings (2/10 to 3/10), which may be a deterrent for families prioritizing public education quality.
Welcome into a well maintained home located in the Historic Lincoln Heights area known for its rich history and diverse community. This home offers 5 spacious bedrooms, 2 full baths, office, spacious kitchen, light & airy living room, cute separate laundry room, brand new dishwasher, 1 year old roof, solar panels, tankless water heater, gated yard, mature fruit trees & large driveway for lots of parking. Plus has ADU w/ 2 bedrooms, 1 full bath, full kitchen, stackable washer & dryer, storage, separate electrical box & its own address & separate entrance. ADU generates $2350 amonth & plus a billboard that pays $150 a month. Income to help with the mortgage. Located just minutes to downtown LA to enjoy all this great city has to offer.Perfect home for large or multi generational family in a great neighborhood. Walking distance to local schools & Lincoln Heights darling downtown. A Must See!!!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-6 • 0.3 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 3.0 | 95% |
| Baths | 3.0 | 2.0 | 68% |
| Square foot | 2,120 | 1,460.5 | 87% |
| Lot Size | 7,200 | 4,940.5 | 84% |
| Price | $1.16M | $977.5K | 71% |
| Price per sq ft | $547 | $707 | 18% |
| Built year | 1907 | 1925 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 124 | 5% |
May 13, 2026
$1,159,900
Initial Listing
May 10, 2026
$1,159,999
Initial Listing
Apr 2, 2004
$365,000
Public Record