471 Hoefner, Los Angeles, California 90022, Los Angeles, 90022 - 0 bed, 0 bath
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471 Hoefner
Los Angeles, California 90022
ACTIVE
CONDITION: GOOD
0Beds
0Baths
1,597Sq Ft
5,390Lot Size
Property Price
LIST PRICE$799,900
EST. MARKET VALUE
$757,057
5% AboveMARKET VALUE
SUMMARY
This Residential Income Duplex represents a Strong Value Opportunity, listed at $799,900—positioned well below the $757,057 Fair Market Value by 5%. Featuring a Good Condition Rating, the property includes a fully remodeled rear unit and Zoning R3 potential for future density. With private garages and a Patio, this asset offers immediate rental yield or house-hacking potential. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers looking to offset mortgage costs through rental income.
Estimated Market Value
$757,057
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 471 Hoefner Subject | $799,900* List Price | 0 | 0 | 1,597 | $474 | - |
A 5354 Louis Sold | $807,000 | 3 | 3 | 1,831 | $441 | 0.6 mi |
B 631 Leonard Sold | $949,999 | 0 | 0 | 1,960 | $485 | 0.5 mi |
C 468 S Fetterly Sold | $700,000 | 5 | 2 | 1,888 | $371 | 0.8 mi |
D 522 Simmons Active | $800,000 List Price | 0 | 0 | 1,473 | $543 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property is a 1952 duplex where the rear unit has undergone a full, modern remodel within the last 5 years, featuring updated flooring and finishes. While the remodeled unit appears in excellent condition, the overall 'Good' rating accounts for the 70+ year age of the structure and the unknown condition of the front unit, which is subject to inspection.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The property is zoned R3, offering significant future development opportunities and increased density potential in a highly sought-after Los Angeles neighborhood.
- Income Versatility
This duplex features two 2-bedroom units with private garages, providing an ideal setup for owner-occupants to live in one and rent the other, or for investors to maximize rental yield.
- Turnkey Rear Unit
The rear unit has been fully remodeled and includes a beautifully landscaped, fenced backyard and a large paved courtyard, offering immediate move-in appeal and outdoor entertaining space.
CONSRISKS & DEFICIENCIES
- Limited Initial Access
The sale is subject to a visual inspection of the front unit, which may indicate potential deferred maintenance or tenant-related access restrictions during the due diligence period.
- Market Stagnation
Despite a significant price reduction of nearly $80,000, the property has remained on the market for 67 days, suggesting potential challenges with its initial valuation or current condition.
About 471 Hoefner
PRICE REDUCTION! Don't miss this opportunity to own a beautiful duplex in a highly sought-after neighborhood. Conveniently located near schools, shopping, public transportation and major freeways. Live in one unit and rent the other. The rear unit has been fully remodeled and features a spacious, beautifully landscaped, fenced back yard. The large, paved courtyard is perfect for relaxing or entertaining. Each unit features two bedrooms, one bathroom, a living room, dining room, kitchen, laundry room, and a private garage. This property is ideal for first time buyers, multi-generational living, or investors. Property is zoned R3, offering potential future development opportunities. Buyer to independently verify zoning, permitted uses, density, and development potential with the City of Los Angeles. This is sale is subject to visual inspection of the front unit.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1952
- Lot Size
- 5,390 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,597 | 2,187.451 |
| Lot Size | 5,390 | 5,841.385 |
| Price | $799.9K | $841.5K |
| Price per sq ft | $501 | $385 |
| Built year | 1952 | 1928 |
| HOA | $0 | $0 |
| Days on market | 88 | 85 |
Pricing History
Listed for Sale
Aug 19, 2026
$799,900
$878,000
-9% Price Drop
Initial Listing
Price Change
Jun 13, 2026
$878,000
Initial Listing
Sold
Jun 13, 2011
$350,000
Public Record
Sold
May 11, 2007
$570,000
Public Record