
Los Angeles, California 90032
This property presents a High-Potential Investment Opportunity with a List Price of $1,300,000—positioned well above the $1,069,205 Fair Market Value. While the pricing reflects the 22,372 sqft lot and development potential, the Fair Condition Rating and unverified garage conversion necessitate a strategic renovation budget. The vacant delivery of both units allows for immediate repositioning in a high-demand rental market. This asset is best suited for Buy-and-Hold Investors or Developers capable of navigating zoning requirements to maximize the site's significant expansion potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3073 Chadwick Subject | $1,300,000* List Price | 0 | 0 | 2,050 | $522 | - |
A 3833 Randolph Sold | $1,328,000 | 0 | 0 | 2,710 | $490 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1925, the property is functional but significantly dated. The kitchen features older tile flooring and cabinetry that appears to be over 20 years old. While the presence of solar panels suggests some electrical attention, the overall interior finishes, unlandscaped lot, and the mention of 'development potential' indicate the home needs modernization and minor repairs to meet current market standards.
The expansive 22,372 sqft lot is exceptionally large for the area, offering significant opportunities for future expansion, ADU construction, or potential redevelopment subject to zoning.
Both units will be delivered vacant, allowing an investor to immediately secure market-rate rents or an owner-user to move in without the complications of tenant relocation.
Situated in an up-and-coming area near Downtown Los Angeles and major universities, the property features elevated views that enhance its desirability for both renters and homeowners.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 22372, other record living area = 2050.
The garage has been converted into a living space without confirmed permits, which may present financing hurdles or require additional costs to legalize or revert.
Built in 1925, the property likely requires updates to aging systems and may have deferred maintenance typical of century-old structures, necessitating a thorough inspection.
Excellent Duplex Opportunity Near Downtown Los Angeles! We are pleased to present this unique duplex opportunity in an up-and-coming area near Downtown Los Angeles. The property features two separate 2-bedroom, 1-bathroom units, offering an excellent opportunity for an owner-user, extended family, or investor. The main unit is located on the first floor and features 2 bedrooms and 1 bathroom, while the lower unit also offers 2 bedrooms and 1 bathroom. Both units enjoy beautiful elevated views of the surrounding area. The property also includes a garage that has been converted into an additional 1-bedroom, 1-bathroom space with exterior access only. Buyer to independently verify the permits, legality, and permitted use of this conversion with the appropriate city and county departments. Situated on a **large lot**, the property offers tremendous potential for those looking to explore future improvements or development opportunities, subject to zoning, permits, and applicable city requirements. Whether you're looking for additional rental income, a property for a large or extended family, or an investment with future potential, this property is worth exploring. Conveniently located near Downtown Los Angeles, Chinatown, Koreatown, Dodger Stadium, Lincoln Park, museums, California State University, and East Los Angeles College. The property also offers easy access to nearby communities including Pasadena, Alhambra, San Marino, Monterey Park, and San Gabriel. With its spacious lot, multiple living spaces, views, and convenient location, this property presents a unique opportunity to create something special in Los Angeles. Don't miss the chance to explore the possibilities this property has to offer. Schedule your private showing today! Both Units will be delivered Vacant
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,050 | 2,187.451 |
| Lot Size | 22,372 | 5,841.385 |
| Price | $1.30M | $841.5K |
| Price per sq ft | $634 | $385 |
| Built year | 1925 | 1928 |
| HOA | $0 | $0 |
| Days on market | 29 | 85 |
Aug 11, 2026
$1,300,000
Initial Listing