2956 W 15th, Los Angeles, California 90006, Los Angeles, 90006 - 0 bed, 0 bath
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Los Angeles, California 90006
This Century-Old Duplex Investment is a significant Value-Add Opportunity located in the competitive Mid-Los Angeles rental corridor. Listed at $1,190,000, the property is priced against a $957,405 Fair Market Value, a valuation reflecting its Poor Condition Rating and extensive deferred maintenance. With 2,860 square feet of living space on a 6,002 square foot lot, the asset provides a blank canvas for rehabilitation to rectify functional obsolescence. Proximity to Los Angeles Elementary and Pio Pico Middle School ensures strong rental demand. This is a strategic acquisition for Value-Add Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2956 W 15th Subject | $1,190,000* List Price | 0 | 0 | 2,860 | $335 | - |
A 1311 Dewey Avenue Sold | $875,000 | 0 | 0 | 2,041 | $429 | 0.7 mi |
B 1321 Fedora Active | $949,000 List Price | 0 | 0 | 2,858 | $332 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1906-built duplex is in poor condition, characterized by significant deferred maintenance and outdated systems. The interior features aged hardwood, peeling paint, and obsolete kitchens and bathrooms that likely haven't been updated in over 30 years. Furthermore, the front unit suffers from functional obsolescence with a 4-bedroom to 1-bathroom ratio, and the property is explicitly marketed as a 'value-add' investment requiring substantial rehabilitation.
The duplex configuration, featuring a substantial 4-bedroom front unit and a separate rear unit, provides excellent flexibility for owner-users seeking mortgage offsets or investors targeting multiple rental streams.
Located in a high-demand Mid-Los Angeles rental market near Koreatown and major freeways, the property is well-positioned for consistent occupancy and long-term capital appreciation.
With a generous 2,860 square feet of living space on a 6,000+ square foot lot, there is ample room to build equity and increase market rents through modern renovations and cosmetic upgrades.
The front unit's 4-bedroom to 1-bathroom ratio represents a significant functional obsolescence that may deter some modern tenants and limit the maximum achievable rental income.
Built in 1906, the property likely requires substantial capital investment to update aging systems such as plumbing, electrical, and roofing to meet current building standards.
Great duplex investment opportunity in the heart of Los Angeles. Property features a front unit with 4 bedrooms and 1 bathroom and a rear unit with 1 bedroom and 1 bathroom. Ideal for investors or owner-users seeking rental income. Centrally located near schools, shopping, dining, and major freeways. Excellent opportunity to add value in a strong rental market.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
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 | 2,860 | 1,900 | 80% |
| Lot Size | 6,002 | 5,100 | 60% |
| Price | $1.19M | $840.0K | 80% |
| Price per sq ft | $416 | $429 | 40% |
| Built year | 1906 | 1922 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 46 | 203 | 20% |
Mar 7, 2026
$1,190,000
Initial Listing
Nov 10, 1998
$185,000
Public Record