422 N Mott Street, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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Los Angeles, California 90033
This Value-Add Residential Income Asset represents a strategic acquisition in Boyle Heights with a List Price of $655,000. While the Fair Market Value is $565,144, the property is priced competitively relative to recent area sales for this 2-unit property. Holding a Condition Rating of 5, the 1924 duplex requires comprehensive updates, offering a clear path for forced appreciation through capital improvements. Located just 10 minutes from Downtown LA, the asset is perfectly positioned for Buy-and-Hold Investors or Contractors seeking a high-upside project in a high-demand rental corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 422 N Mott Street Subject | $655,000* List Price | 0 | 0 | 1,900 | $297 | - |
A 917 N Mott St Sold | $685,000 | 0 | 0 | 2,156 | $318 | 0.4 mi |
B 2732 Malabar Street Sold | $678,800 | 0 | 0 | 2,272 | $299 | 0.2 mi |
C 2127 City View Avenue Sold | $725,000 | 0 | 0 | 1,906 | $380 | 0.5 mi |
D 2731 Malabar Pending | $650,000 List Price | 0 | 0 | 1,868 | $348 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1924-built duplex shows significant signs of deferred maintenance and age. The exterior features mismatched paint, visible stucco wear, and dated security bars. The listing description explicitly targets investors, mentioning 'meat on the bone' and the need for updates or upgrades, which typically indicates the interior systems, kitchen, and bathrooms are outdated or in disrepair. The presence of a large construction dumpster on-site further suggests a need for substantial rehabilitation.
As a duplex with a vacant unit, this property offers immediate rental income or an ideal owner-user opportunity to live in one unit while offsetting the mortgage with tenant rent.
Situated in Boyle Heights just 10 minutes from Downtown LA and near local landmarks like El Tepeyac Cafe, the property is perfectly positioned for high rental demand and long-term appreciation.
Priced competitively to allow for renovations, this 'meat on the bone' investment provides significant potential for equity growth through modern upgrades and capital improvements.
The 1924 construction and listing notes suggest the property requires updates and upgrades, which may pose a challenge for buyers seeking a move-in-ready home or traditional financing.
With a lot size of only 3,732 square feet, there is minimal outdoor space for tenants and limited potential for further expansion or additional ADU development.
BACK ON THE MARKET More Improvements! Lots of meat on the bone for your investor. Property has free unit. 2 Unit property perfectly & centrally located to downtown LA. 10 min. 1 block from newly renovated Boys and Girls club and close to world famous El Tepeyac Cafe for world famous Hollenbeck Burrito. Perfect for an investor or Live in 1 rent the other. Motivated seller and priced to sell quickly. Priced for you to have capital to do any updates or upgrades you desire prior to moving in. show and sell.
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 | 1,900 | 2,156 | 45% |
| Lot Size | 3,732 | 5,840 | 9% |
| Price | $655.0K | $685.0K | 36% |
| Price per sq ft | $345 | $380 | 36% |
| Built year | 1924 | 1924 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 481 | 239 | 0% |
Nov 12, 2025
$655,000
$654,999
+0% Price Increase
Initial Listing
Sep 30, 2025
$654,999
Initial Listing
Dec 27, 2024
$655,000
Initial Listing