2660 Newell Street, Los Angeles, California 90039, Los Angeles, 90039 - 5 bed, 3 bath
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Los Angeles, California 90039
This Dual-Unit Residential Compound is a Strong Value Opportunity, listed at $995,000—positioned well below the $1,068,056 Fair Market Value by 6%. This valuation gap offers $73,056 in Instant Equity for savvy buyers. Featuring two detached homes on a single lot in the high-demand Frog Town area, the property maintains a Condition Rating of 4, providing functional utility with significant rental upside. Located near the LA River and the top-rated Allesandro Elementary School, this is an ideal acquisition for Owner-Occupants looking to house-hack or Buy-and-Hold Investors seeking a multi-unit asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2660 Newell Street Subject | $995,000* List Price | 5 | 3 | 2,064 | $498 | - |
A 2526 N Via Artis Avenue Sold | $1,130,000 | 3 | 3 | 2,107 | $536 | 0.3 mi |
B 1948 Sunflower Avenue Sold | $1,000,000 | 3 | 3 | 1,608 | $622 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964, this property is aged but functional and currently tenant-occupied. While the listing mentions 'some upgrades along the way,' the kitchen and bathrooms remain largely outdated with older cabinetry, basic appliances, and mid-century fixtures. The flooring and overall aesthetic show signs of wear consistent with a 60-year-old home that has been maintained through regular upkeep rather than a comprehensive modern renovation. It meets the 'fair' criteria as it is livable but requires minor to moderate updates to meet current market standards.
The property features two detached single-family homes on one lot, providing an excellent opportunity for multi-generational living or a high-yield rental investment.
Situated in the trendy and high-demand 'Frog Town' area, the property offers exceptional proximity to the LA River, Elysian Park, and major transit corridors like the 2 and 5 freeways.
As a probate sale that does not require court confirmation, buyers benefit from a more efficient and predictable closing process compared to traditional probate listings.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5452, other record lot size in square feet = 5384.
Both homes are currently occupied by tenants, which may complicate immediate owner-occupancy plans or the implementation of significant property upgrades.
The driveway only supports 2 to 3 cars in a tandem arrangement, which can be inconvenient for two separate households sharing the same lot.
This is a Great Opportunity for first times buyers. It is 2 homes on 1 lot, you can BUY them with a friend and you can each own a Free standing, single family home for less then $498,000 in the Vibrant area of "Frog Town" near "Elysian Park", the "Dodger Stadium" and the "LA River" and the 2 and the 5 freeways. It is a 15 min. drive to Sunset Blvd. and Alvarado St.. Both homes are tenant occupied. The back house will be vacant on June 1st. The front house is a 2 bedroom and 1 bath and the back house is 3 bedrooms and 2 baths, they were built in 1964 and there were some upgrades along the way. This is a Probate sale, it does NOT require court confirmation. There is a driveway for 2 possibly 3 cars tandem.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.7 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 91% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,064 | 1,643 | 70% |
| Lot Size | 5,452 | 5,407 | 52% |
| Price | $995.0K | $1.45M | 9% |
| Price per sq ft | $482 | $1.0K | 1% |
| Built year | 1964 | 1930 | 78% |
| HOA | $0 | $0 | 50% |
| Days on market | 55 | 167 | 9% |
Feb 26, 2026
$995,000
Initial Listing