2966 2966-68 E 2nd Street, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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Los Angeles, California 90033
This Residential Income Duplex serves as a strategic Value-Add Asset within the high-demand Boyle Heights corridor. Listed at $660,300, the property is priced relative to its $618,338 Fair Market Value, with the valuation anchored by the immediate cash flow of two occupied units. Given the Condition Rating of 5 and the generous 5,250 sqft lot, the 1914 infrastructure presents a clear opportunity for renovation-led appreciation. This is a prudent acquisition for Buy-and-Hold Investors or first-time landlords looking to secure a footprint in a supply-constrained market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2966 2966-68 E 2nd Street Subject | $660,300* List Price | 0 | 0 | 1,487 | $416 | - |
A 465 S Savannah Street Sold | $582,850 | 4 | 2 | 1,430 | $408 | 0.3 mi |
B 465 S Savannah Street Sold | $582,850 | 0 | 0 | 1,430 | $408 | 0.3 mi |
C 478 S Mott Active | $609,000 List Price | 0 | 0 | 1,600 | $381 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Originally built in 1914, this property is marketed as a 'value-add' investor opportunity, indicating a need for significant rehabilitation. The listing analysis highlights aging infrastructure, including potential issues with electrical, plumbing, and structural systems. The kitchens and bathrooms feature dated styles, older appliances, and fixtures consistent with a property that has not undergone a major renovation in several decades.
The property features two units occupied by stable, long-term tenants, providing a reliable and immediate income stream for investors from the date of purchase.
Situated in the prime Boyle Heights market, this centrally located duplex benefits from high rental demand and strong potential for long-term capital appreciation.
With a 5,250 square foot lot and a 1914 build, there is significant opportunity for future renovations or improvements to increase rental yields and overall equity.
Originally constructed in 1914, the property may require significant capital expenditure for maintenance or upgrades to aging electrical, plumbing, and structural systems.
The current layout of two 1-bedroom, 1-bathroom units may limit the tenant pool to individuals or couples, potentially capping the maximum rental income compared to larger multi-bedroom units.
Investor Opportunity in Prime Boyle Heights LocationThis centrally located duplex features two 1-bedroom, 1-bathroom units, both occupied by stable, long-term tenants. With consistent rental income and potential for future value-add improvements, this property offers strong upside for the seasoned investor or first-time landlord. Situated in the high-demand Boyle Heights market, this is a smart addition to any portfolio -- whether you're looking for immediate cash flow or long-term appreciation.
No exterior & parking available.
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 | 1,487 | 2,156 | 27% |
| Lot Size | 5,250 | 5,840 | 18% |
| Price | $660.3K | $685.0K | 36% |
| Price per sq ft | $444 | $408 | 73% |
| Built year | 1914 | 1924 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 59 | 204 | 18% |
Feb 22, 2026
$660,300
Initial Listing