3021 5th, Los Angeles, California 90018, Los Angeles, 90018 - 0 bed, 0 bath
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Los Angeles, California 90018
This versatile duplex presents a High-Potential Investment Opportunity, listed at $1,299,000—positioned above the $1,201,499 Fair Market Value. While priced at a premium, the property offers significant utility through its 4-bedroom front house and detached 1-bedroom rear unit. With a Fair Condition Rating, the asset requires cosmetic modernization to maximize rental yields. Its strategic location near USC and Downtown Los Angeles ensures strong tenant demand. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy in a central urban corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3021 5th Subject | $1,299,000* List Price | 0 | 0 | 2,023 | $594 | - |
A 2725 Obama Sold | $1,150,000 | 0 | 0 | 2,354 | $489 | 0.5 mi |
B 2372 W 29th Sold | $959,000 | 0 | 0 | 1,414 | $678 | 0.2 mi |
C 2245 W 27th Street Active | $999,900 List Price | 0 | 0 | 1,689 | $592 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1912 and while the listing mentions updates, the visual evidence suggests these renovations are likely 20+ years old. The kitchen features dated laminate countertops and older cabinetry, and the interior shows aged wood paneling and older carpeting. While functional and move-in ready, it requires cosmetic modernization and likely system updates consistent with a 'Fair' rating.
The duplex configuration, featuring a substantial 4-bedroom front house and a detached 1-bedroom rear unit, provides excellent flexibility for rental income, multi-generational living, or owner-occupancy.
Located near USC, Downtown Los Angeles, and Exposition Park, the property is positioned in a high-demand area with easy access to major employment hubs, stadiums, and public transit.
Built in 1912, the residence maintains its historic charm with hardwood floors and classic architectural details while benefiting from essential updates to the kitchens and bathrooms.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2023, other record living area = 1841.
The local public schools assigned to this address carry low ratings, which may limit the property's appeal to families prioritizing high-performing educational environments.
As a century-old property built in 1912, it may require more intensive ongoing maintenance and potential upgrades to older systems compared to more modern constructions.
Exceptional opportunity to own a versatile duplex in the heart of Los Angeles! Situated on a gated lot, this income-producing property features a spacious 4-bedroom, 2-bath front home and a 1-bedroom, 1-bath rear unit, making it ideal for investors, owner-occupants, or multi-generational living. The front residence offers abundant living space with classic character, including hardwood floors, large windows that fill the home with natural light, generously sized bedrooms, and a functional floor plan designed for comfortable everyday living. The kitchen and bathrooms have been updated while preserving the home's timeless appeal.The detached rear unit provides privacy and flexibility, making it perfect for rental income, extended family, or a private guest house. The unit features its own living area, kitchen, bedroom, and bathroom.Outside, the property is fully fenced with an iron gate, and offers a large concrete driveway with ample off-street parking. The front yard provides additional outdoor space for entertaining, gardening, or relaxing. Conveniently located near Downtown Los Angeles, USC, Exposition Park, BMO Stadium, public transportation, major freeways, shopping, dining, and entertainment, this property offers easy access to many of the city's most popular destinations. The neighborhood continues to attract homeowners and investors alike due to its central location and strong rental demand.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,023 | 2,250 |
| Lot Size | 5,810 | 5,864 |
| Price | $1.30M | $826.7K |
| Price per sq ft | $642 | $395 |
| Built year | 1912 | 1925 |
| HOA | $0 | $0 |
| Days on market | 2 | 83 |
Jul 22, 2026
$1,299,000
Initial Listing