
Los Angeles, California 90037
This duplex presents a High-Potential Investment Opportunity with a List Price of $800,000—positioned above the $688,426 Fair Market Value by 16%. While the property requires a full rehab given its Condition Rating of 5, the structure offers significant upside through its separate gas and electric meters and spacious 6,762 sqft lot. This asset is ideal for Buy-and-Hold Investors or Contractors capable of executing a value-add strategy to modernize the 1916-built units and maximize rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4512 S Figueroa Subject | $800,000* List Price | 4 | 2 | 2,205 | $312 | - |
A 1021 W 48th Sold | $720,000 | 5 | 4 | 2,096 | $344 | 0.6 mi |
B 324 W 47th Place Sold | $560,000 | 0 | 0 | 2,006 | $279 | 0.3 mi |
C 257 W 42nd Sold | $570,000 | 0 | 0 | 2,077 | $274 | 0.4 mi |
D 1159 W 54th Street Sold | $670,000 | 0 | 0 | 2,144 | $313 | 1.0 mi |
E 342 W And 342 1/2 W. 52nd Active | $649,900 List Price | 4 | 2 | 2,242 | $290 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1916 (100+ years old) with no evidence of recent renovations in the description or photos. The exterior shows significant wear, including cracked concrete and dated stucco. Given the age and lack of interior updates, the property likely requires a full rehab of kitchens, baths, and major systems (HVAC/Electric) to meet modern standards.
This duplex offers immediate cash flow as it is delivered with tenants in place, making it an ideal turnkey opportunity for investors or a 'house-hacking' option for owner-occupants.
The property features separate gas and electric meters for each unit, which simplifies utility management and significantly reduces monthly overhead costs for the owner.
Located in South Los Angeles with easy access to Downtown LA, major freeways, and public transportation, the property is positioned in a high-demand area for commuters.
Originally built in 1916, the structure may require significant capital expenditures for maintenance or upgrades to aging plumbing, electrical, and structural systems.
Being delivered with tenants may limit the buyer's ability to immediately renovate or adjust rents to market rates, particularly given Los Angeles' strict tenant protection laws.
2 Units! This is an excellent duplex opportunity in South Los Angeles featuring two units in one structure on a spacious lot. Both units provide flexibility for investors. This property offers approximately 2,205 square feet of living space across a 6760-square-foot lot. Each unit has separate gas & electric meters, and ample driveway parking. Conveniently located near schools, shopping, public transportation, major freeways, and DTLA. Don't miss out on this opportunity to generate rental income or live in one unit while renting the other. **Property is being delivered with tenants **
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.6 |
| Baths | 2.0 | 3.0 |
| Square foot | 2,205 | 2,187.451 |
| Lot Size | 6,762 | 5,841.385 |
| Price | $800.0K | $841.5K |
| Price per sq ft | $363 | $385 |
| Built year | 1916 | 1928 |
| HOA | $0 | $0 |
| Days on market | 16 | 85 |
Aug 24, 2026
$800,000
Initial Listing