344 E 81st Street, Los Angeles, California 90003, Los Angeles, 90003 - 4 bed, 2 bath
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344 E 81st Street
Los Angeles, California 90003
ACTIVE
CONDITION: EXCELLENT
4Beds
2Baths
1,488Sq Ft
5,219Lot Size
Property Price
LIST PRICE$795,000
EST. MARKET VALUE
$735,660
8% AboveMARKET VALUE
SUMMARY
This duplex presents a Strong Value Opportunity with a List Price of $795,000—positioned well below the $735,660 Fair Market Value by 8%. While the property is currently priced above the estimated market value, its Condition Rating of 2 reflects a comprehensive modern renovation, ensuring a turn-key Residential Income asset. Featuring a detached garage and ample parking, this property is ideal for Buy-and-Hold Investors seeking immediate rental income or Owner-Occupants looking to utilize house-hacking strategies to offset mortgage costs in the Los Angeles market.
Estimated Market Value
$735,660
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 |
|---|---|---|---|---|---|---|
★ 344 E 81st Street Subject | $795,000* List Price | 4 | 2 | 1,488 | $494 | - |
A 158 E 85th Sold | $825,000 | 0 | 0 | 1,453 | $568 | 0.4 mi |
B 253 E 82nd Sold | $750,000 | 0 | 0 | 1,612 | $465 | 0.1 mi |
C 8115 S San Pedro Sold | $730,000 | 0 | 0 | 1,567 | $466 | 0.1 mi |
D 344 342 E 81st Active | $795,000 List Price | 0 | 0 | 1,488 | $534 | 0.0 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.
While originally built in 1964, the interior shows a comprehensive modern renovation likely completed within the last 5 years. The kitchen features contemporary white shaker cabinets, stone countertops, a stainless steel hood, and recessed lighting. The flooring and paint appear in mint condition, indicating the property is move-in ready with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Rental Income
As a fully occupied duplex, this property offers an immediate income-producing opportunity for investors looking for a turn-key addition to their portfolio in the Los Angeles market.
- Exceptional Parking and Access
The property features a long driveway, a detached garage, and additional rear yard parking with convenient alley access, providing rare and ample vehicle storage for multiple tenants.
- Versatile Unit Configuration
The layout of two separate 2-bedroom, 1-bathroom units provides flexibility for multi-generational living or owner-occupants looking to utilize 'house-hacking' to offset mortgage costs.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Restricted Initial Inspection
The requirement to submit offers contingent upon interior inspection prevents buyers from assessing the physical condition of the units before entering into a contract.
- Financial Transparency Delay
Detailed financial information is only provided upon the submission and acceptance of an offer, creating initial uncertainty regarding the property's actual cap rate and ROI.
About 344 E 81st Street
PLEASE DO NOT DISTURB TENANTS. 344-342 E 81st St, Los Angeles Ca 90003 Duplex. Excellent opportunity to own a duplex in Los Angeles featuring two separate residential units plus a detached one-car garage at the rear of the property. The front unit offers 2 bedrooms and 1 bathroom, and the second unit also features 2 bedrooms and 1 bathroom. Both units are currently tenant occupied, providing an attractive opportunity for investors seeking an income-producing property. The property offers a long driveway with access from E 81st Street, extending to the rear of the lot and detached garage. The driveway provides parking for approximately 3+ vehicles, with additional space in the rear yard for approximately 2+ vehicles. Convenient rear alley access provides an additional point of entry to the property. This versatile property may appeal to investors, future owner-occupants, or buyers looking for a multi-unit property with excellent parking and separate living spaces. Both units are currently rented. Please do not disturb or contact tenants. Financial information will be provided upon submission and acceptance of an offer. Submit offers contingent upon interior inspection. Buyer and buyer’s agent to independently verify all property information, permits, square footage, unit configuration, parking, zoning, and potential uses.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1964
- Lot Size
- 5,219 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
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 | 4.0 | 4.6 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,488 | 2,187.451 |
| Lot Size | 5,219 | 5,841.385 |
| Price | $795.0K | $841.5K |
| Price per sq ft | $534 | $385 |
| Built year | 1964 | 1928 |
| HOA | $0 | $0 |
| Days on market | 30 | 85 |
Pricing History
Listed for Sale
Aug 10, 2026
$795,000
Initial Listing
Sold
Oct 17, 2018
$375,000
Public Record