
Los Angeles, California 90031
This Versatile Income-Generating Residence is a Strong Value Opportunity, listed at $799,990, which aligns with its $799,990 Fair Market Value. While currently holding a Condition Score of 4 due to dated interior finishes, the asset features high-value infrastructure including Paid-Off Solar Panels and a flexible floor plan with Private Suite Potential for immediate rental income. Located 10 minutes from Downtown Los Angeles near Lincoln Senior High, it offers strategic urban proximity. This property is ideal for Owner-Occupants looking to house-hack or Buy-and-Hold Investors seeking a high-demand rental asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3224 Griffin Subject | $799,990* List Price | 4 | 2 | 1,206 | $663 | - |
A 126 W Avenue 31 Sold | $954,000 | 3 | 2 | 1,223 | $780 | 0.2 mi |
B 957 Montecito Drive Sold | $925,000 | 3 | 2 | 1,223 | $756 | 0.7 mi |
C 2222 Gates Sold | $668,000 | 4 | 1 | 1,140 | $586 | 0.9 mi |
D 2126 Daly Active | $564,800 List Price | 2 | 1 | 1,124 | $502 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1910, the property is functional but dated, featuring a kitchen with mismatched cabinetry and older appliances. The interior shows signs of aging with wood-look tile flooring throughout and older wall-mounted heating units. While the addition of solar panels is a modern upgrade, the overall aesthetic and fixtures reflect renovations likely completed 15-30 years ago, requiring minor updates to meet current market standards.
The property features fully paid-off solar panels, providing the new owner with immediate and significant long-term savings on utility costs.
A highly versatile floor plan allows for a portion of the home to be closed off as a private suite, making it ideal for rental income, guests, or multi-generational living.
Situated in the rapidly growing Lincoln Heights neighborhood, the home is just 10 minutes from Downtown Los Angeles with easy access to major freeways and local amenities.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
With 4 to 5 bedrooms configured within only 1,206 square feet of living space, individual room sizes and common areas may feel significantly cramped.
Built in 1910, this century-old structure may require specialized maintenance or costly updates to aging mechanical, electrical, and plumbing systems.
Exceptional opportunity in the heart of Lincoln Heights! Just 10 minutes from Downtown Los Angeles, this versatile 5-bedroom, 2-bathroom home offers space, flexibility, and long-term energy savings with fully Paid-Off Solar Panels!. Designed with functionality in mind, the home features a flexible floor plan and part of the property can be easily closed off to create a private suite complete with its own bedroom, bathroom, and living room — ideal for extended family, guests, rental income, or multi-generational living. The fully paid solar system provides significant utility savings and added value, making this home both eco-conscious and cost-efficient. Conveniently located near major freeways, Downtown LA, local dining, shopping, and schools, this property combines comfort, income potential, and prime location. Please step inside to a bright and welcoming living room filled with natural light from large windows and highlighted by a cozy fireplace, creating a warm and inviting atmosphere. Across the hallway, the home opens into the kitchen and dining area, perfect for daily meals or entertaining. Just off the living room, the primary bedroom features a Walk-In Closet. One full bathroom is located inside of the second bedroom, offering added privacy, while the second full bathroom is conveniently located off the kitchen for easy access. A door from the kitchen leads to the covered rear porch, which provides ample storage space and a convenient laundry area. Outside, enjoy off-street parking with easy access to the city street. Don’t miss this unique opportunity to own a versatile home in one of LA’s rapidly growing communities. Don’t miss this unique opportunity to own a versatile home in one of LA’s rapidly growing communities.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 69% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,206 | 1,335 | 31% |
| Lot Size | 4,385 | 4,940.5 | 19% |
| Price | $800.0K | $932.0K | 35% |
| Price per sq ft | $663 | $703 | 42% |
| Built year | 1910 | 1926 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 93 | 166 | 31% |
Mar 5, 2026
$799,990
$850,000
-6% Price Drop
Initial Listing
Jan 19, 2026
$850,000
Initial Listing
Mar 28, 2023
$375,000
Public Record
Sep 16, 1994
$85,000
Public Record