
Los Angeles, California 90027
This Value-Add Duplex with Triplex Potential is a High-Potential Investment Opportunity with a List Price of $1,290,000, matching its $1,290,000 Fair Market Value. Currently in Original 1954 Condition, the property features a City Lights View and access to the elite 9/10 Rated Ivanhoe Elementary School. The expansive basement and private study offer significant upside for triplex conversion or ADU development. This versatile asset is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-upside project in Los Feliz.
Property is moderate renovation needed.
This 1954 duplex is in well-maintained but largely original condition, having been under the same ownership for 55 years. While the exterior and hardwood floors show pride of ownership, the kitchens and bathrooms feature dated tile-work, cabinetry, and appliances that appear to be several decades old. The property is functional and livable but requires significant cosmetic and system updates to meet modern standards, fitting the criteria for a property built over 20 years ago with no major recent renovations.
Elementary School: Ivanhoe Elementary School (9/10).
DUPLEX (POTENTIAL TRIPLEX) IN LOS FELIZ! First time on the market in 55 years, this charming garden-style duplex in beautiful Los Feliz offers exceptional upside and versatility—an incredibly rare opportunity for owner-users, investors, or developers alike. The property features two spacious 2-bedroom, 1-bath units, three single attached garages, and a 3rd private entrance study or home office that presents potential for a third unit. A giant basement—perfect as a man cave, game room, or creative space—adds even more flexibility. With multiple entrances, generous square footage, and adaptable spaces, the possibilities are truly endless, including ADU potential, expansion, or triplex conversion (buyer to verify). These super cute garden apartments are filled with timeless character and ready for their next chapter. Ideally located in one of LA’s most sought-after neighborhoods, the property is close to shops, dining, Griffith Park, and everything Los Feliz has to offer.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-6 • 0.9 mi
Grades K-6 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,687 | 2,687 | 50% |
| Lot Size | 6,057 | 7,193 | 20% |
| Price | $1.29M | $1.12M | 60% |
| Price per sq ft | $480 | $480 | 50% |
| Built year | 1954 | 1922 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 171 | 171 | 60% |
Mar 13, 2026
$1,290,000
$1,390,000
-7% Price Drop
Initial Listing
Feb 7, 2026
$1,390,000
$1,490,000
-7% Price Drop
Initial Listing
Nov 2, 2025
$1,490,000
Initial Listing