
Los Angeles, California 90019
This Spanish-Style Multifamily Asset is a Prime Investment Opportunity with a List Price of $1,169,000—positioned well below the $1,199,000 Fair Market Value by 2%. This valuation gap offers $30,000 in Instant Equity for incoming buyers. Boasting an Excellent Condition Rating, the property features a renovated 3-bedroom owner’s unit, updated kitchen, and pre-approved ADU plans for future density expansion. Located in the high-demand Mid-Los Angeles area, this turnkey property balances immediate rental income with significant growth potential. It is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Property is new construction or fully renovated.
Although built in 1923, the property has undergone extensive recent renovations including a sleek updated kitchen, brand-new laminate flooring throughout, and energy-efficient dual-pane windows. Significant infrastructure upgrades such as modernized copper plumbing and ABS sewer lines, combined with its move-in-ready status and well-maintained exterior with artificial turf, meet the criteria for excellent condition.
This multifamily setup allows for immediate 'house hacking' with a vacant 3-bedroom owner's unit and two additional income-producing units to offset mortgage costs from day one.
The inclusion of pre-approved plans for two Accessory Dwelling Units (ADUs) provides a rare and valuable opportunity to further increase density and maximize future rental yield.
Extensive recent upgrades, including copper plumbing, ABS sewer lines, dual-pane windows, and artificial turf, significantly reduce immediate maintenance requirements and capital expenditure.
As a 1923 multifamily property in Los Angeles with an existing long-term tenant, it is likely subject to strict Rent Stabilization Ordinance (RSO) limitations on rent increases.
Despite modern updates, the 1920s Spanish-style architecture may feature smaller closets and a more compartmentalized floor plan compared to contemporary new-build standards.
Discover a standout opportunity in the heart of Los Angeles: this VACANT, move-in-ready Spanish-style multifamily property lets you settle into a generous 3-bedroom owner’s unit while tenants help offset your mortgage from day one. Perfect for an owner-occupier who wants the comfort of a real home paired with instant rental income from two additional units. The owner’s residence feels warm and welcoming, featuring an open-concept design, a sleek updated kitchen, three good-sized bedrooms, a full bath, and a convenient powder room for visitors. You’ll also enjoy private use of the two-car garage. The income side delivers steady cash flow immediately: A well-kept 2-bedroom unit with a reliable, long-term tenant already in place. A private studio tucked away with its own full bath, kitchenette, and separate rear entrance for maximum seclusion. Recent upgrades boost both comfort and appeal: brand-new laminate flooring throughout, energy-saving dual-pane windows, modernized copper plumbing, ABS sewer lines, and low-maintenance artificial turf that cuts down on water bills and yard work. Extra conveniences include two additional parking spaces in the rear, providing easy off-street parking for all residents. Looking ahead, the property comes with pre-approved plans for two Accessory Dwelling Units (ADUs)—unlocking future options to boost rental income, house extended family, or customize your living setup even further. This rare combination of lifestyle, income, and growth potential won’t last long!
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 | 2,512 | 2,788 | 45% |
| Lot Size | 7,002 | 6,098.5 | 75% |
| Price | $1.17M | $1.11M | 55% |
| Price per sq ft | $465 | $464 | 50% |
| Built year | 1923 | 1926 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 228 | 5% |
Apr 15, 2026
$1,169,000
$1,199,000
-3% Price Drop
Initial Listing
Mar 11, 2026
$1,199,000
Initial Listing
May 30, 2013
$385,000
Public Record