342 344 E 118th, Los Angeles, California 90061, Los Angeles, 90061 - 0 bed, 0 bath
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Los Angeles, California 90061
This Strong Value Opportunity is a modern 2018 duplex listed at $1,135,000—positioned well below the $1,255,873 Fair Market Value by 9%. This valuation gap provides $120,873 in Instant Equity. Featuring two 5-bedroom, 3-bathroom units with granite countertops and low-maintenance artificial lawns, the property maintains a Condition Rating of 2. Its high-capacity unit mix ensures strong rental demand, making this a prime asset for Buy-and-Hold Investors or Owner-Occupants seeking a modern, income-producing property near Downtown Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 342 344 E 118th Subject | $1,135,000* List Price | 0 | 0 | 3,760 | $334 | - |
A 152 W 111th Place Sold | $1,100,000 | 0 | 0 | 3,900 | $282 | 0.7 mi |
B 327 E Lanzit Sold | $930,000 | 6 | 4 | 2,656 | $350 | 0.4 mi |
C 321 111 Place Sold | $940,000 | 7 | 4 | 2,710 | $347 | 0.8 mi |
D 132-134 E 109th Active | $1,250,000 List Price | 0 | 0 | 3,750 | $333 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2018, this property is less than 10 years old. It features modern construction with granite countertops, solid wood cabinets, and forced air heating, requiring no immediate maintenance or renovations.
The property features two rare 5-bedroom, 3-bathroom units, providing exceptional rental income potential and versatility for large families or high-yield housing programs.
Built in 2018, this duplex offers modern building standards, energy-efficient systems, and contemporary finishes, significantly reducing the need for immediate capital improvements.
The use of an artificial lawn and durable interior materials like tile flooring and granite countertops minimizes ongoing landscaping and turnover maintenance expenses.
With only three garage spaces provided for two 5-bedroom units, the property may experience parking congestion, as the occupant-to-parking ratio is relatively low.
Large 5-bedroom units typically house more residents, which can lead to accelerated wear and tear on the property's interior and mechanical systems compared to smaller units.
This very desirable income producing duplex consists of 2 5-bedroom 3-bathroom units with one single car garage in the front unit and 2-car garage in the back unit. Each unit has an open floor plan with a large living area that includes granite countertops, tile flooring, carpet, solid wood cabinets and forced air heating. The property includes an artificial lawn for low cost landscaping maintenance. Conveniently located to access the newly renovated Downtown Los Angeles area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,760 | 2,250 |
| Lot Size | 6,045 | 5,864 |
| Price | $1.14M | $826.7K |
| Price per sq ft | $302 | $395 |
| Built year | 2018 | 1925 |
| HOA | $0 | $0 |
| Days on market | 3 | 83 |
Jul 19, 2026
$1,135,000
Initial Listing
Aug 2, 2018
$830,000
Public Record
Nov 1, 2017
$295,000
Public Record