342 344 E 118th, Los Angeles, California 90061, Los Angeles, 90061 - 0 bed, 0 bath
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342 344 E 118th
Los Angeles, California 90061
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
3,760Sq Ft
6,045Lot Size
Property Price
LIST PRICE$1,135,000
EST. MARKET VALUE
$1,259,479
9% BelowMARKET VALUE
SUMMARY
This Strong Value Opportunity is a modern Residential Income Duplex listed at $1,135,000—positioned well below the $1,256,612 Fair Market Value by 9%. This valuation gap provides $121,612 in Instant Equity. Featuring two massive 5-bedroom units with Granite Kitchens and a 2018 Condition Rating, the property offers low-maintenance appeal with artificial landscaping. Its high-density configuration makes it a premier choice for Buy-and-Hold Investors or Owner-Occupants looking to house-hack in a high-demand Los Angeles rental market.
Estimated Market Value
$1,259,479+$124,479 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 342 344 E 118th Subject | $1,135,000* List Price | 0 | 0 | 3,760 | $335 | - |
A 327 E Lanzit Sold | $930,000 | 6 | 4 | 2,656 | $350 | 0.4 mi |
B 152 W 111th Place Sold | $1,100,000 | 0 | 0 | 3,900 | $282 | 0.7 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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2018, the property is less than 10 years old and meets the criteria for mint condition. The interior features modern granite countertops, solid wood cabinetry, and tile flooring in the kitchen and baths, while the forced air heating system and artificial landscaping indicate contemporary, low-maintenance systems.
PROSSTRENGTHS & OPPORTUNITIES
- High Income Potential
The rare configuration of two massive 5-bedroom, 3-bathroom units provides exceptional rental capacity and appeal for large families or high-value housing voucher programs.
- Modern Construction
Built in 2018, this property offers contemporary building standards, modern finishes like granite countertops, and significantly lower immediate maintenance requirements compared to older area inventory.
- Low Operating Expenses
The inclusion of an artificial lawn and durable tile flooring minimizes ongoing landscaping costs and turnover maintenance, maximizing the net operating income for investors.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6045, other record lot size in square feet = 5974.
- Parking Constraints
With only three total garage spaces for two 5-bedroom units, the property may face significant parking challenges given the high potential occupant count per unit.
- Lack of Cooling System
While the property features forced air heating, the lack of a specified cooling system may be a drawback for tenant retention and comfort during Los Angeles heatwaves.
About 342 344 E 118th
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.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 2018
- Lot Size
- 6,045 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,760 | 2,187.451 |
| Lot Size | 6,045 | 5,841.385 |
| Price | $1.14M | $841.5K |
| Price per sq ft | $302 | $385 |
| Built year | 2018 | 1928 |
| HOA | $0 | $0 |
| Days on market | 52 | 85 |
Pricing History
Listed for Sale
Jul 19, 2026
$1,135,000
Initial Listing
Sold
Aug 2, 2018
$830,000
Public Record
Sold
Nov 1, 2017
$295,000
Public Record