425 N Eastern Avenue, Los Angeles, California 90022, Los Angeles, 90022 - 4 bed, 2 bath
Loading property details...
Los Angeles, California 90022
This property presents a Strong Value Opportunity with a List Price of $799,995—positioned well below the $853,953 Fair Market Value by 6%. This valuation gap offers $53,958 in Instant Equity for the buyer. Featuring a Condition Rating of 2 (fully remodeled), the property includes two turnkey homes on one lot with ADU development potential. This versatile asset is ideal for Buy-and-Hold Investors seeking immediate rental income or Owner-Occupants looking for multi-generational living solutions.
Property is new construction or fully renovated.
Although built in 1923, the property has undergone a complete top-to-bottom renovation within the last 5 years. Key upgrades include a new roof, rewired electrical, updated plumbing, and reinforced foundation. The interiors feature brand-new kitchens, remodeled bathrooms, and modern finishes, making it move-in ready with no maintenance required.
The property features two separate, fully remodeled homes on a single lot, both delivered vacant, offering immediate rental income or flexible multi-generational living options.
Extensive renovations including a new roof, rewired electrical, reinforced foundation, and updated plumbing ensure a low-maintenance, move-in-ready experience for the buyer.
Situated on a generous 6,885 sqft lot with a long driveway, the property provides ample space for outdoor entertaining and significant potential for further ADU development.
The property was recently sold within the past year on 2026-02-12. The sold price is $500,000.00.
With a total of 1,392 square feet split between two residences, each 2-bedroom unit offers relatively small living areas that may not suit larger households.
Located in a busy, high-density area of East Los Angeles, the property may experience more noise and traffic compared to quieter residential neighborhoods.
Exceptional opportunity to own two fully remodeled homes on one lot, both delivered vacant and ready for immediate occupancy. Ideal for owner-users, investors, multi-generational living, or buyers seeking rental income potential. Located in the unincorporated area of East Los Angeles, each residence offers 2 bedrooms, 1 bathroom, and a private entrance, providing independence and flexibility. Extensive upgrades include a new roof, rewired electrical system, reinforced foundation, updated plumbing, luxury vinyl flooring, new kitchen cabinets and countertops, remodeled bathrooms, recessed lighting, and fresh interior and exterior paint. Truly move-in ready. The spacious, shaded backyard offers ample room for outdoor entertaining and potential ADU development (buyer to verify with appropriate agencies). A long driveway provides parking for up to three vehicles. Conveniently located near Cesar Chavez Avenue with easy access to shopping, dining, schools, public transportation, and neighborhood amenities. Centrally situated near the 5, 10, 60, and 710 freeways, providing convenient access throughout Los Angeles. Rarely does a property offering two vacant, turnkey homes on one lot become available. An outstanding opportunity for homeowners and investors alike seeking versatility, income potential, and long-term value in a prime East Los Angeles location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 82% |
| Baths | 2.0 | 1.0 | 54% |
| Square foot | 1,392 | 976 | 79% |
| Lot Size | 6,885 | 5,057 | 89% |
| Price | $800.0K | $702.0K | 82% |
| Price per sq ft | $575 | $639 | 29% |
| Built year | 1923 | 1928 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 165 | 7% |
Jun 1, 2026
$799,995
Initial Listing
Feb 12, 2026
$500,000
Public Record