
Los Angeles, California 90003
This High-Potential Investment Opportunity is a Dual-Unit Asset listed at $800,000, positioned above the $715,962 Fair Market Value. While the property requires significant rehabilitation due to its Condition Rating of 5, the 1,752 sqft layout across two separate structures offers immense value-add potential. The Open Floor Plans and Individual Laundry Rooms provide a functional foundation for rental income. This project is best suited for Buy-and-Hold Investors or Contractors capable of executing a comprehensive renovation to stabilize this bank-owned property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 433 W 94th Street Subject | $800,000* List Price | 4 | 3 | 1,752 | $409 | - |
A 210 W 89th Sold | $625,000 | 4 | 2 | 1,300 | $481 | 0.4 mi |
B 207 W 85th Street Sold | $610,000 | 3 | 2 | 1,636 | $373 | 0.8 mi |
C 358 E Colden Avenue Sold | $650,000 | 3 | 1 | 1,183 | $549 | 0.8 mi |
D 9210 S Figueroa Street Active | $620,000 List Price | 3 | 1 | 1,612 | $385 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1921, this bank-owned property requires a significant rehab to be habitable. While some updates like mini-split HVAC units and laminate flooring are present, the interior shows major neglect including holes in the drywall, exposed electrical wiring, missing light fixtures, and a kitchen in disrepair. The exterior is poorly maintained with overgrown vegetation and piles of debris.
Featuring two completely separate structures, this property offers a prime opportunity for house-hacking or generating dual rental income streams in a high-demand market.
Both units boast desirable open floor plans and individual laundry rooms, providing modern convenience and functionality that appeals to contemporary renters.
The 5,519 sqft lot provides sufficient space for on-site parking and outdoor utility, a valuable asset for a multi-unit residential property in Los Angeles.
As a bank-owned property, it is likely sold in as-is condition, which may necessitate immediate capital for repairs or deferred maintenance.
The lack of a formal garage limits secure storage and covered parking options, which could impact long-term appreciation and tenant preference.
Bank owned two unit property, completely separate structures. Live in one, rent out the other. One unit is 2 beds, 1 baths, 828 sqft, one unit is 2 beds, 2 baths, 924 sqft. Both units have open floor plans and individual laundry rooms. On site parking. No garage. Easy to view, by appointment only. 24hr notice.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,752 | 1,664.159 |
| Lot Size | 5,519 | 6,066.556 |
| Price | $800.0K | $1.35M |
| Price per sq ft | $457 | $806 |
| Built year | 1921 | 1939 |
| HOA | $0 | $278 |
| Days on market | 8 | 55 |
Sep 1, 2026
$800,000
Initial Listing
Sep 7, 2021
$740,000
Public Record
Dec 28, 2020
$335,000
Public Record
Sep 24, 2020
$150,000
Public Record