
Los Angeles, California 90023
This two-unit detached duplex represents a High-Potential Investment Opportunity, currently listed at a List Price of $950,000. With a Fair Market Value of $788,279, the property is priced above market, reflecting its RD1.5 Zoning and significant development upside. Featuring a Condition Rating of 3, the asset offers two independent residences on a 7,485 sq. ft. lot, providing immediate rental appeal. This property is an ideal acquisition for Buy-and-Hold Investors or Developers looking to capitalize on the potential to construct up to five residential units.
Property is move-in ready.
While originally built in 1923, the property has undergone significant cosmetic renovations within the last 5-15 years. The interior features updated laminate and patterned tile flooring, refreshed kitchen cabinetry, and newer appliances. The units appear well-maintained and move-in ready, though the presence of older wall heaters indicates that some mechanical systems are dated.
The RD1.5 zoning on a generous 7,485 sq. ft. lot offers significant investment upside, with the potential to develop up to five residential units.
Unlike traditional duplexes, these are two detached homes, providing tenants with private yard space and independent living, which commands higher rental appeal.
Situated in the high-demand Boyle Heights area, the property offers exceptional proximity to the Arts District, Downtown LA, and major freeway arteries.
At a list price of $950,000 for 1,196 sq. ft. of living space, the property carries a high cost basis that may challenge immediate cap rate expectations.
Built in 1923, the century-old structures may require significant long-term maintenance or system upgrades despite recent cosmetic enhancements.
Rare opportunity to own a two-unit residential duplex in Boyle Heights. Duplex consists of two detached homes, each with its own private yard space and dedicated parking, situated on a generous 7,485 sq. ft. lot. The property offers approximately 1,196 sq. ft. of living space and features a desirable unit mix of: Unit 1: 2 bedrooms, 1 bathroom. Unit 2: 1 bedroom, 1 bathroom. Both residences have been enhanced with numerous upgrades and provide comfortable, independent living arrangements. The property includes ample parking with space for up to four vehicles. Located in the highly sought-after Boyle Heights neighborhood, this property offers convenient access to Arts District, Los Angeles Downtown, and Dodger Stadium. Close proximity to shopping centers, retail services, restaurants, and entertainment. The property is zoned RD1.5 (Multiple Dwelling Residential), offering significant future development potential with the possibility of constructing up to five residential units (buyer to verify with the city). Commuters will appreciate the convenient access to both the 60 Freeway and 5 Freeway, providing connectivity throughout the Los Angeles area. Whether you're an investor seeking income and development potential or an owner-occupant looking for flexible living arrangements, this unique detached duplex presents an exceptional opportunity.
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 | 1,196 | 2,250 |
| Lot Size | 7,485 | 5,864 |
| Price | $950.0K | $826.7K |
| Price per sq ft | $794 | $395 |
| Built year | 1923 | 1925 |
| HOA | $0 | $0 |
| Days on market | 48 | 83 |
Jun 4, 2026
$950,000
Initial Listing