2900 Asbury Street, Los Angeles, California 90065, Los Angeles, 90065 - 4 bed, 2 bath
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Los Angeles, California 90065
This Versatile Dual-Unit Asset represents a Prime Investment Opportunity with a List Price of $995,000—positioned well below the $1,032,283 Fair Market Value by 3%. This valuation gap provides $37,283 in Instant Equity. Featuring two detached homes in Good Condition with Mountain Views, the property is uniquely bolstered by C4 Commercial Zoning in trendy Cypress Park. Delivered vacant, it offers immediate "house-hack" potential near NELA hotspots. This is a premier acquisition for Owner-Occupants or Buy-and-Hold Investors seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2900 Asbury Street Subject | $995,000* List Price | 4 | 2 | 1,642 | $629 | - |
A 2812 Silver Street Sold | $973,500 | 4 | 3 | 1,440 | $676 | 0.2 mi |
B 3322 Maceo Street Sold | $975,000 | 0 | 0 | 1,438 | $678 | 0.5 mi |
C 2042 Rome Sold | $950,000 | 3 | 3 | 1,764 | $539 | 0.6 mi |
D 549 Lotus Street Sold | $784,000 | 3 | 3 | 1,848 | $424 | 0.9 mi |
E 2814 Idell Street Active | $1,250,000 List Price | 4 | 2 | 1,694 | $738 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone significant recent updates. The exterior features new wood fencing and fresh paint. Internally, the units feature updated flooring, recessed lighting, and modern mini-split cooling/heating systems. While one kitchen is fully modernized with white shaker cabinets and dark countertops, the second unit's kitchen features older honey-oak cabinetry, placing the overall property in the 'Good' category rather than 'Excellent' despite the extensive renovations.
The property features two detached homes on a single lot delivered vacant, providing immediate flexibility for owner-occupants to house-hack, accommodate multi-generational living, or maximize rental income.
Zoned C4 Commercial, this parcel offers significant long-term appreciation and diverse development potential that far exceeds standard residential limitations in a thriving Los Angeles neighborhood.
Perfectly positioned in Cypress Park near Atwater Village and Glassell Park, the property is within walking distance to trendy local favorites like Loquat Coffee and Barra Santos, ensuring high tenant demand.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 1.
With the original structures dating back to 1950, buyers should anticipate potential costs for updating older systems or addressing deferred maintenance typical of mid-century properties.
While the location is trendy, several of the closest assigned elementary schools have low performance ratings, which may limit the property's appeal to families prioritizing public education.
DUPLEX!!! Welcome to a rare and exciting opportunity in the heart of Cypress Park! This beautifully fenced property features two detached homes on one lot, DELIVERED VACANT and offering the ideal setup for multi-generational living, rental income, or a savvy investment opportunity. Perfectly positioned just minutes from Atwater Village and Glassell Park, you'll enjoy the best of Northeast LA living with easy access to some of the area's most vibrant neighborhoods. Stroll to local favorites like Loquat Coffee, Barra Santos, Golden Poppy Market and other beloved neighborhood hotspots, all while enjoying the privacy and charm of a FULLY fenced property that feels like its own retreat. Whether you're looking to live in one home and rent the other, create a family compound, or add a strong duplex investment to your portfolio, this detached duplex delivers flexibility, location, and long-term potential in one of LA's most sought-after communities. Don't miss this incredible opportunity to own a versatile property in thriving Cypress Park! THIS PARCEL IS ZONED C4 COMMERCIAL
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-6 • 0.6 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 79% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 1,642 | 1,660.5 | 48% |
| Lot Size | 6,161 | 5,796.5 | 54% |
| Price | $995.0K | $1.24M | 31% |
| Price per sq ft | $606 | $763 | 19% |
| Built year | 1950 | 1951 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 174 | 3% |
Mar 9, 2026
$995,000
Initial Listing
Oct 31, 2023
$850,000
Public Record