421 E 65th, Los Angeles, California 90003, Los Angeles, 90003 - 0 bed, 0 bath
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Los Angeles, California 90003
This Strategic Multi-Unit Asset is a High-Potential Investment Opportunity listed at $500,000, matching its $500,000 Fair Market Value. The property boasts a Good Condition Rating with modern upgrades including PEX plumbing, a new electrical system, and a private patio. While currently a Short Sale under the REAP program, the dual-unit layout—featuring a 2BR/2BA front home and 2BR/1BA back unit—offers immense rental upside. This complex acquisition is perfectly suited for Buy-and-Hold Investors or Experienced Developers ready to navigate legal remediation for long-term gains.
Property is move-in ready.
The property presents in move-in ready condition with significant modern updates. The kitchens feature contemporary dark cabinetry, center islands, and updated appliances, while the bathrooms have been renovated with modern tile work and vanities. The interior boasts consistent laminate flooring, recessed lighting, and updated infrastructure including PEX plumbing and a new electrical system. Although the property is under the REAP program, the visible physical condition and major system updates align with the 'good' criteria.
This duplex features two distinct units (2BR/2BA and 2BR/1BA), offering a versatile opportunity for rental income or multi-generational living in a high-demand Los Angeles market.
The property has been updated with modern PEX plumbing and a new electrical system, providing essential peace of mind and reducing immediate capital expenditure for the buyer.
With a long driveway and a detached garage, the property provides rare and extensive off-street parking for multiple vehicles, which is a significant asset for multi-unit dwellings.
The property is currently under the Rent Escrow Account Program (REAP), indicating significant unresolved habitability or code violations that require complex legal and physical remediation.
As a short sale, the transaction is subject to third-party lender approval, which typically involves a prolonged closing timeline and increased uncertainty for the buyer.
**SHORT SALE** PROPERTY IS UNDER REAP! SPACIOUS 2-UNIT PROPERTY IN GREAT CONDITION! PERFECT INVESTMENT OPPORTUNITY! Ideally located near all the conveniences of daily life—parks, schools, shopping centers, restaurants, employment opportunities, and with easy access to major freeways. The property has been tastefully updated over the years and is well maintained. The front unit offers 2 bedrooms and 2 bathrooms, including a master suite, along with an attached 1-car garage. The detached back unit features 2 bedrooms and 1 bathroom, an open kitchen with a center island, and laundry hookups. Additional highlights include a long driveway with ample parking for multiple vehicles, updated PEX plumbing, and a new electrical system. Don’t miss this fantastic investment opportunity!
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 | 1,537 | 1,907 | 29% |
| Lot Size | 5,410 | 5,200 | 80% |
| Price | $500.0K | $760.0K | 20% |
| Price per sq ft | $325 | $360 | 33% |
| Built year | 1930 | 1930 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 218 | 215 | 56% |
Apr 15, 2026
$500,000
$669,900
-25% Price Drop
Initial Listing
Oct 10, 2025
$669,900
$679,900
-1% Price Drop
Initial Listing
Sep 16, 2025
$679,900
Initial Listing
Jul 23, 2019
$505,000
Public Record