4682 Paula Street, Los Angeles, California 90032, Los Angeles, 90032 - 0 bed, 0 bath
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Los Angeles, California 90032
This Versatile Residential Income Duplex is listed at $774,900, representing a stable entry point at its $774,900 Fair Market Value. Maintaining a Condition Rating of 4, the property features two tenant-occupied units, a balcony deck, and a two-car garage with convenient alley access. The large backyard and storage room offer significant utility within the Los Angeles Unified district. This property provides immediate cash flow with the flexibility for future modernization to drive appreciation in Monterey Hills. It is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4682 Paula Street Subject | $774,900* List Price | 0 | 0 | 1,726 | $449 | - |
A 3926 Tampico Sold | $705,000 | 0 | 0 | 1,224 | $576 | 0.7 mi |
B 3556 El Sereno Avenue Sold | $630,000 | 0 | 0 | 1,360 | $463 | 0.4 mi |
C 5141 Oakland Pending | $860,000 List Price | 4 | 3 | 1,764 | $488 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1939, this property shows its age despite being described as 'in great condition' by the listing. The images reveal functional but dated kitchens and bathrooms, with piecemeal updates over the years rather than a comprehensive recent renovation. For example, one kitchen features older dark wood cabinets and appliances, while the other has more basic white cabinets and older appliances. Light fixtures and flooring are generally basic and not modern. While the property appears well-maintained and livable, it requires minor updates to bring it to current aesthetic and functional standards, particularly in the kitchen and bathroom areas, aligning with the 'fair' condition criteria.
This duplex offers a fantastic opportunity for investors, providing immediate rental income from two tenant-occupied units, or the flexibility for an owner to live in one unit and generate income from the other.
Both units are currently tenant-occupied and described as being in 'great condition,' ensuring immediate cash flow and reducing initial landlord effort for a new owner.
Situated in a 'highly desired location' in Los Angeles (90032), which typically commands strong rental demand, property appreciation, and access to urban amenities.
Built in 1939, the property may have older systems (e.g., plumbing, electrical, HVAC) that could require significant maintenance, upgrades, or replacement in the future, despite its current 'great condition'.
While a strength for investors, a buyer intending to occupy one unit would need to navigate existing tenant leases and potential tenant relocation processes, which can be complex and time-consuming in Los Angeles.
The property description does not specify the presence of a cooling system (e.g., central air conditioning), which could be a significant drawback for comfort during Los Angeles's warmer months and potentially impact tenant desirability or future resale value.
Fantastic opportunity for a duplex in a highly desired location! First unit is a two bedroom, one and a half bath downstairs and the second unit is a two bedroom, one bath upstairs with a balcony deck. Both units are tenant occupied and in great condition. Downstairs unit has a formal dining room and a large kitchen. Great potential for an investment property or live in one and get income from the other. Large back yard with a storage room at the rear of the lot. Two car garage with alley access behind the storage room. Both units have washer hookups and upstairs unit has both washer and dryer hookups.
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 | 1,726 | 1,558 | 71% |
| Lot Size | 6,751 | 6,680 | 57% |
| Price | $774.9K | $705.0K | 86% |
| Price per sq ft | $449 | $449 | 50% |
| Built year | 1939 | 1938 | 57% |
| HOA | $0 | $0 | 50% |
| Days on market | 210 | 210 | 57% |
Sep 24, 2025
$774,900
Initial Listing