
Los Angeles, California 90026
This property presents a High-Potential Investment Opportunity with a List Price of $1,250,000—positioned well below the $1,277,057 Fair Market Value by 2%. This valuation gap offers $27,057 in Instant Equity. Featuring a Multi-Unit Configuration with two houses on a 6,249 sqft lot, the property carries a Condition Rating of 5, requiring significant rehabilitation on the front structure. This asset is ideal for Buy-and-Hold Investors or Contractors seeking to capitalize on rental demand in the Koreatown and Filipinotown corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 334 N Occidental Boulevard Subject 3 bd · 2 ba · 1,744 sqft · $732 | $1,250,000* List Price | 3 | 2 | 1,744 | $732 | - |
A 1546 Elevado Street Sold 3 bd · 2 ba · 1,302 sqft · $853 · 0.9 mi | $1,110,000 | 3 | 2 | 1,302 | $853 | 0.9 mi |
B 142 N Vendome Street Active 4 bd · 2 ba · 1,898 sqft · $685 · 0.3 mi | $1,299,999 List Price | 4 | 2 | 1,898 | $685 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1905, this property is over 100 years old and explicitly described as needing 'a lot of fixing' and an 'investor's delight.' The presence of window AC units and visible exterior conduit suggests outdated systems, and the primary structure requires a full rehab to meet modern standards.
The property features two separate houses on a single lot, offering a rare opportunity for dual rental income or a multi-generational living setup in a high-demand area.
Situated in the 90026 zip code near Koreatown and Historic Filipinotown, the property boasts a central location with high walkability and easy access to major Los Angeles hubs.
With the back house in good condition and the front house requiring renovation, investors can generate immediate cash flow while significantly increasing equity through improvements.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
The front residence requires extensive repairs and fixing, which will necessitate a substantial additional capital investment and time for rehabilitation.
Built in 1905, the property likely features aged structural and utility systems that may require costly modern upgrades to meet current building codes.
GREAT PROPERTY INVESTORS DELIGHT, TWO HOUSES ON A LOT, FRONT HOUSE 3 BEDROOM AND 2 BATHROOMS, THE HOUSE IN THE BACK IS 1 BEDROOM 1 BATHROOM. NCE COMMUNITY IN THE KOREAN TOWN AND FILIPINO TOWN, FRONT HOUSE NEEDS A LOT OF FIXING THE HOUSE IN THE BACK IS IN GOOD CONDITON.CLOSE TO EVERYTHING. GOOD AREA.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,744 | 1,670.836 |
| Lot Size | 6,249 | 6,152.156 |
| Price | $1.25M | $1.34M |
| Price per sq ft | $717 | $807 |
| Built year | 1905 | 1941 |
| HOA | $0 | $238 |
| Days on market | 5 | 56 |
Nov 5, 2026
$1,250,000
Initial Listing
Nov 4, 2026
$1,250
Initial Listing