
Los Angeles, California 90004
This Spanish-Style Duplex serves as a strategic Value-Add Asset with a List Price of $949,000, currently market-aligned with its $917,147 Fair Market Value. Holding a Condition Rating of 5, the property offers a classic rehab opportunity with one vacant unit ready for immediate renovation to capture peak market rents. The 6,107 sq ft lot and detached garage provide a clear path for ADU Conversion, maximizing long-term ROI and density. Located in the high-demand Mid-Wilshire area, this is a high-upside acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking a renovation-led wealth strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4115 Council Subject | $949,000* List Price | 0 | 0 | 2,000 | $459 | - |
A 422 Normandie Place Active | $825,000 List Price | 0 | 0 | 1,538 | $536 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1921, this property is a classic rehab opportunity. The kitchen features extremely dated cabinetry and tiling (30-50+ years old), and the interior shows significant wear on original hardwood floors and walls. The listing explicitly targets investors and calls for a contractor, confirming the need for major updates to systems and finishes.
With one unit delivered vacant, investors can immediately renovate and lease at current market rates to maximize rental income and property value from day one.
The detached two-car garage and generous 6,621 sq ft lot provide an excellent opportunity to convert the structure into an Accessory Dwelling Unit (ADU) for a third income stream.
The property features classic 1920s Spanish-style architecture, offering timeless curb appeal that is highly sought after by both renters and buyers in the Mid-Wilshire area.
One unit is currently occupied, which may limit immediate renovation plans for the entire building and requires management of existing tenant terms and rental rates.
As a 1921 'value-add' property, it likely requires substantial capital investment for system upgrades and cosmetic repairs to meet modern living standards.
Attention Investors & Savvy Buyers — Rare Value-Add Duplex in the Heart of Los Angeles. Welcome to 4115 Council Street, a charming Spanish-style duplex tucked into an established Los Angeles neighborhood and sitting on a generous 6,621 sq ft lot. With nearly 2,000 sq ft of living space across two (2 bed/1 bath) units, this is the kind of opportunity that doesn’t come around often — priced for the buyer who knows how to see potential. One unit is currently occupied, providing immediate income while you get to work. The second unit is vacant and ready for your vision — renovate on your own timeline and set the rent at market rate from day one. The bones are classic California: Spanish-style architecture with the curb appeal that buyers and renters in LA are always chasing. Out back, a detached 2-car garage adds serious utility — rental income potential, workshop space, or a future ADU conversion (buyer to verify with City). Front and rear yards offer outdoor living space that’s increasingly rare at this price point. Whether you’re a seasoned investor looking to add a cash-flowing asset to your portfolio or a handy owner-user ready to live in one unit and offset your mortgage with the other, this property checks every box. Bring your contractor and your imagination — the upside here is real.
No exterior & parking available.
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 | 2,000 | 3,423 | 25% |
| Lot Size | 6,107 | 7,391.5 | 25% |
| Price | $949.0K | $1.05M | 25% |
| Price per sq ft | $474 | $307 | 75% |
| Built year | 1921 | 1922 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 109 | 50% |
Apr 23, 2026
$949,000
Initial Listing