4612 E 2nd, East Los Angeles, California 90022, East Los Angeles, 90022 - 2 bed, 1 bath
Loading property details...
East Los Angeles, California 90022
This Multi-Unit Value-Add Project represents a strategic acquisition in a high-demand transit corridor. With a List Price of $699,000 and a Fair Market Value of $632,439, the asset's primary value lies in its 2-unit configuration, patio, and 5,959-square-foot lot. Currently holding a Condition Rating of 5, the property is sold "AS-IS" within the Los Angeles Unified district, requiring comprehensive rehabilitation to unlock its full income potential. Located steps from the Metro station, this project is ideal for Fix-and-Flip Investors or Buy-and-Hold Investors looking to build equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4612 E 2nd Subject | $699,000* List Price | 2 | 1 | 857 | $738 | - |
A 601 S Ford Boulevard Sold | $505,000 | 2 | 1 | 624 | $809 | 0.5 mi |
B 627 S Mcdonnell Ave Sold | $680,000 | 2 | 1 | 866 | $785 | 0.5 mi |
C 4657 Fisher Street Sold | $588,000 | 3 | 2 | 956 | $615 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1951 and marketed as a 'project' in 'AS-IS' condition, the property exhibits significant deferred maintenance. While the interior features some updated laminate flooring, the overall state of the property—including the aged exterior stucco, original-style windows, reliance on window AC units, and the dilapidated wooden structure in the backyard—indicates that major systems and finishes require substantial rehabilitation.
The property is exceptionally well-located for commuters, situated less than a five-minute walk from the Metro station and providing immediate access to the 710 and 60 freeways.
Featuring two units on a generous 5,959-square-foot lot, this property offers a rare opportunity for rental income or multi-generational living in a high-demand submarket.
Marketed as a project with major potential, this property allows investors to capitalize on a quiet neighborhood setting to build substantial equity through renovation.
The home is being sold in as-is condition, implying deferred maintenance and the need for a significant capital injection for repairs and modernization.
At only 857 square feet for the primary structure, the current living space is quite small, which may limit its appeal to traditional families without a costly expansion.
!!!RARE OPPORTUNITY!!! Welcome to 4612 E 2nd St. Located right off the 710fwy and 60fwy. This property has MAJOR potential, 2 units, less than 5 minutes away walking to the metro station. The location is a big factor here. Whether you're looking for your next project or a long-term investment in a high-demand area, this is the opportunity you've been waiting for. Such a quite and peaceful neighborhood. Home is being sold AS-IS.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 48% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 857 | 956 | 17% |
| Lot Size | 5,959 | 5,026 | 70% |
| Price | $699.0K | $660.0K | 61% |
| Price per sq ft | $816 | $641 | 87% |
| Built year | 1951 | 1928 | 91% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 163 | 9% |
Mar 24, 2026
$699,000
Initial Listing