
Los Angeles, California 90062
This duplex represents a High-Potential Investment Opportunity, listed at a List Price of $899,950—positioned above the $845,642 Fair Market Value. While the property carries a Condition Rating of 4, the recent cosmetic upgrades and vacant unit provide immediate rental readiness. Featuring LAR2 Zoning and a 6,503-square-foot lot, the asset offers significant upside through ADU development. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage house-hacking strategies near the high-demand USC Village and Exposition Park corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3940 La Salle Subject 0 bd · 0 ba · 1,892 sqft · $447 | $899,950* List Price | 0 | 0 | 1,892 | $447 | - |
A 3968 3970 S Hobart Boulevard Sold 0 bd · 0 ba · 1,818 sqft · $426 · 0.1 mi | $775,000 | 0 | 0 | 1,818 | $426 | 0.1 mi |
B 1650 W 39th Place Sold 5 bd · 2 ba · 1,472 sqft · $553 · 0.3 mi | $814,000 | 5 | 2 | 1,472 | $553 | 0.3 mi |
C 1496 W Vernon Avenue Sold 0 bd · 0 ba · 2,107 sqft · $380 · 0.7 mi | $800,000 | 0 | 0 | 2,107 | $380 | 0.7 mi |
D 1723 Browning Blvd. Active 2 bd · 2 ba · 1,768 sqft · $368 · 0.3 mi | $649,900 List Price | 2 | 2 | 1,768 | $368 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1923, the property has received a recent cosmetic refresh including new flooring and paint in the vacant unit. However, the kitchen remains dated with oak cabinetry and tile countertops likely exceeding 20 years in age. While functional and move-in ready, the property requires modernization of the kitchen and bathrooms to meet current standards.
This duplex features two 2-bedroom units with one delivered vacant, offering an ideal opportunity for house-hacking or immediate market-rate rental income.
The generous 6,503-square-foot lot and LAR2 zoning, combined with a detached garage, provide a significant opportunity for ADU expansion and value-add improvements.
Situated near USC Village and Exposition Park, the property benefits from high rental demand driven by proximity to major universities, stadiums, and Downtown Los Angeles.
Built in 1923, the property may require ongoing maintenance or costly updates to aging systems typical of century-old structures, despite recent cosmetic upgrades.
Each unit offers only a single bathroom, which may be a competitive disadvantage for modern tenants or families seeking more convenient multi-bath layouts.
TWO HOMES. ONE ADDRESS. A WORLD OF POSSIBILITIES! Discover the opportunity at 3940 La Salle Avenue, Los Angeles, CA 90062! Situated on an approximately 6,503-square-foot lot, this versatile duplex offers 1,892 square feet of living space, two separate units, a detached two-car garage, and a long driveway. Each unit features 2 bedrooms and 1 bathroom, offering flexibility for investors and owner-occupants alike. Both units have been newly upgraded, and the vacant unit features fresh paint, new flooring, and new light fixtures. With one unit to be delivered vacant at closing, the next owner can explore the opportunity to live in one unit while renting the other, accommodate extended family, or expand their real estate portfolio. But the possibilities don't stop there! Featuring LAR2 zoning, a detached two-car garage, and a generous lot, this property offers additional potential for buyers to explore future improvements, including the possibility of an ADU, subject to zoning requirements, feasibility, and applicable city approvals. The location adds even more appeal! Conveniently situated near USC Village, enjoy access to shopping, dining, and everyday essentials. Explore the museums and gardens of Exposition Park, experience sporting events and entertainment near the Los Angeles Memorial Coliseum, the new Lucas Museum of Narrative Art, and BMO Stadium, or head toward Downtown Los Angeles for additional dining, entertainment, and cultural attractions. Convenient access to major freeways and public transportation helps connect you to destinations throughout the city. Whether you're looking to begin your real estate investment journey, expand your portfolio, or explore the possibilities of a property with multiple living spaces and room for future improvements, 3940 La Salle Avenue invites you to envision what's next. Two units. A generous lot. A detached two-car garage. A world of possibilities. Don't miss the opportunity to discover the potential at 3940 La Salle Avenue!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 1,892 | 2,090.331 |
| Lot Size | 6,503 | 5,852.908 |
| Price | $900.0K | $830.9K |
| Price per sq ft | $476 | $394 |
| Built year | 1923 | 1928 |
| HOA | $0 | $0 |
| Days on market | 28 | 87 |
Oct 12, 2026
$899,950
Initial Listing
Mar 20, 1998
$142,000
Public Record