3258 -3260 Gleason, Los Angeles, California 90063, Los Angeles, 90063 - 0 bed, 0 bath
Loading property details...
Los Angeles, California 90063
This Income-Generating Duplex is a strategic asset in Boyle Heights, offered at a List Price of $795,000, aligning with its $787,126 Fair Market Value. Featuring a Condition Rating of 4, the property provides significant Value-Add Potential through future renovations to the dated rear unit. The rare Driveway for 4 Cars, private Patio, and proximity to Hollenbeck Middle School, STEM Academy, and El Mercadito ensure consistent rental demand. This well-maintained property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to secure a stable, long-term income stream.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3258 -3260 Gleason Subject | $795,000* List Price | 0 | 0 | 1,771 | $444 | - |
A 422 N Townsend Sold | $660,000 | 0 | 0 | 1,827 | $361 | 0.6 mi |
B 3339 E 4th Street Sold | $560,000 | 0 | 0 | 1,695 | $330 | 0.2 mi |
C 127 129 S Townsend Sold | $925,000 | 0 | 0 | 2,382 | $388 | 0.5 mi |
D 3149 E Cesar E. Chavez Avenue Sold | $1,025,000 | 0 | 0 | 2,420 | $424 | 0.4 mi |
E 3935 E Cesar E Chavez Active | $699,999 List Price | 0 | 0 | 1,645 | $426 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1956, this duplex is an older property. While described as 'well maintained,' the images reveal a mix of conditions. The front unit shows some updates, such as a mini-split AC unit, newer vinyl plank flooring in the bathroom, and lighter kitchen cabinets, suggesting renovations within the last 15-30 years. However, these updates are basic and not fully modern. The rear unit's kitchen and bathroom are significantly dated, featuring older dark wood cabinets, blue tile countertops, and a pedestal sink, indicating these areas have not seen major renovations in 30-50 years. The overall flooring is predominantly older ceramic tile. The property is functional and habitable, but requires substantial cosmetic and functional updates to meet contemporary standards, particularly in the rear unit, aligning with the 'fair' condition criteria.
The property is a duplex with two distinct units (3 bed/1.5 bath and 2 bed), offering excellent potential for rental income or owner-occupancy with supplemental income.
Features 'good long term tenants' who are expected 'to remain on property,' ensuring immediate and stable rental income for the buyer without vacancy concerns.
A significant advantage in Los Angeles, the property includes a 'Driveway for 4 Cars,' providing convenient off-street parking for residents and guests.
Built in 1956, the property is older, which may imply potential for aging infrastructure, systems, or the need for future updates to meet modern standards and buyer preferences.
With 'Tenants to remain on property,' a buyer cannot immediately occupy a unit or easily adjust rents, which could complicate plans for owner-occupancy or significant renovations due to tenant rights.
The front 3-bedroom unit only has 'one and a half bath,' which might be considered less desirable for a 3-bedroom configuration compared to properties with more full bathrooms.
Two Units, Front house has 3 Bedrooms and one nd half bath, Rear house has two Bedrooms. Driveway for 4 Cars. Well maintained and good long term tenants. Close to First Street transportation, and El Mercadito in walking distance. Tenants to remain on property.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-6 • 0.6 mi
Grades K-5 • 0.6 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 | 1,771 | 1,879.5 | 45% |
| Lot Size | 4,799 | 5,512.5 | 25% |
| Price | $795.0K | $764.5K | 55% |
| Price per sq ft | $449 | $386 | 75% |
| Built year | 1956 | 1923 | 85% |
| HOA | $0 | $0 | 50% |
| Days on market | 191 | 217 | 45% |
Oct 13, 2025
$795,000
Initial Listing