
Los Angeles, California 90033
This Duplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $697,000—positioned well below the $698,012 Fair Market Value by 0.14%. This property offers $1,012 in Instant Equity. Featuring a remodeled 1-bedroom unit and a 3-bedroom unit on a street-to-street lot, the property maintains a Condition Rating of 2. With its prime DTLA proximity and dual-street access, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey rental-ready property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2731 Wabash Avenue Subject 0 bd · 0 ba · 1,587 sqft · $440 | $697,000* List Price | 0 | 0 | 1,587 | $440 | - |
A 2043 City View Sold 0 bd · 0 ba · 1,512 sqft · $403 · 0.6 mi | $610,000 | 0 | 0 | 1,512 | $403 | 0.6 mi |
B 2925-2927 Michigan Sold 0 bd · 0 ba · 2,079 sqft · $404 · 0.6 mi | $839,000 | 0 | 0 | 2,079 | $404 | 0.6 mi |
C 2627 Pomeroy Avenue Pending 0 bd · 0 ba · 1,544 sqft · $544 · 0.2 mi | $839,900 List Price | 0 | 0 | 1,544 | $544 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1916, the property has undergone extensive recent renovations. Unit 2731 is completely remodeled with a new kitchen (granite counters, new cabinets), new bathroom (tub, tile, vanity), new laminate flooring, and new dual-pane windows. Unit 2733 also features a remodeled bathroom and updated flooring. The finishes shown in photos are modern and appear to be less than 5 years old.
Situated in the up-and-coming Boyle Heights area with immediate proximity to DTLA and major freeway interchanges, offering high rental demand and excellent commuter appeal.
The property features a fully remodeled one-bedroom unit with modern finishes and a partially upgraded three-bedroom unit, allowing for immediate income with reduced initial maintenance costs.
The expansive 7,434 sqft lot provides rare dual-street access from Wabash and Dobinson, offering enhanced privacy, parking convenience, and potential for future development or an ADU.
Originally built in 1916, the property may require ongoing maintenance or hidden infrastructure updates common in vintage homes, despite recent cosmetic improvements.
The larger three-bedroom unit is serviced by only a single bathroom, which may limit its appeal to larger families and impact the maximum achievable market rent.
Fantastic 2 unit property in Up-And-Coming Boyle Heights, which is conveniently located with very close proximity to downtown Los Angeles (DTLA), shopping, schools, restaurants and easy access to most major freeways-60, 5, 101, 10. There are 2 addresses, 2731 is a 1 bedroom, 1 bath unit located on the left side. 2733 is a 3 bedroom, 1 bath 2 story unit located on the right side. Unit 2731 has been completely remodeled including new kitchen cabinets, granite counter tops, tile flooring. New bathroom tub, tile, vanity and tile floor. New laminate flooring throughout. New vinyl dual pane windows, new paint. The front porch/deck has been replaced. The 3 bedroom unit 2733 bathroom has been remodeled, some upgrades to walls, paint and flooring were done. Lot goes from street to street. Front is accessed from Wabash, rear and driveway are accessed from Dobinson. This is a great investment opportunity, as both units are rented on month to month agreements.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 1,587 | 2,090.331 |
| Lot Size | 7,434 | 5,852.908 |
| Price | $697.0K | $830.9K |
| Price per sq ft | $439 | $394 |
| Built year | 1916 | 1928 |
| HOA | $0 | $0 |
| Days on market | 33 | 87 |
Oct 7, 2026
$697,000
Initial Listing
Jun 14, 2019
$445,000
Public Record