477 Wyman, East Los Angeles, California 90022, East Los Angeles, 90022 - 0 bed, 0 bath
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477 Wyman
East Los Angeles, California 90022
ACTIVE UNDER CONTRACT
CONDITION: GOOD
0Beds
0Baths
1,511Sq Ft
5,424Lot Size
Property Price
LIST PRICE$749,999
EST. MARKET VALUE
$866,439
13% BelowMARKET VALUE
SUMMARY
This Duplex Residential Income property is a High-Potential Investment Opportunity, listed at $749,999—positioned well below the $866,440 Fair Market Value by 13%. This valuation gap offers $116,441 in Instant Equity for the buyer. Featuring a 3-bedroom rear residence with a newer 2024 roof and a 1-bedroom front unit, the property maintains a Condition Rating of 3. Its strategic location near the Metro Gold Line ensures strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs.
Estimated Market Value
$866,439+$116,440 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in East Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 477 Wyman Subject | $749,999* List Price | 0 | 0 | 1,511 | $573 | - |
A 4339 E 1st Sold | $800,000 | 3 | 3 | 1,320 | $606 | 0.6 mi |
B 1020 S Mcbride Active | $699,000 List Price | 0 | 0 | 1,440 | $485 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1924, the property has been well-maintained with significant updates. The rear house features a brand-new roof (2024), and interior photos show kitchen and bathroom renovations likely completed within the last 10-15 years, including granite countertops, tile flooring, and updated vanities, making it move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Unit Income Potential
Featuring two separate homes on a single lot, this property offers excellent versatility for owner-occupants to offset their mortgage with rental income or for investors to maximize yield.
- Move-In Ready Rear Residence
The spacious 3-bedroom rear home has been updated and features a newer roof installed in 2024, providing immediate habitability and reduced near-term maintenance costs.
- Strategic Commuter Location
The property is ideally situated near the Metro Gold Line and major freeways, offering high appeal for tenants and owners who require easy access to Greater Los Angeles.
CONSRISKS & DEFICIENCIES
- Escrow Contingency Risk
The listing is subject to the successful cancellation of a current escrow, which introduces potential delays and uncertainty for new prospective buyers.
- Vintage Infrastructure
Originally built in 1924, the property may require ongoing capital improvements or modernization of older systems typical of century-old structures to meet contemporary standards.
About 477 Wyman
Great opportunity to own two homes on one lot in the heart of East Los Angeles! 477-481 Wyman Ave features a front 1 bedroom with bonus room, 1 bath home and a spacious rear 3 bedroom, 2 bath home that has been updated over the years and is move-in ready. Ideal for owner-occupants or investors with the potential to live in one and rent the other for additional income. Property includes a 2-car garage with plus bonus room/carport area offering flexible use possibilities. Front house has its own laundry hookups and back house has laundry hookups in the garage. Seller indicates newer roof installed on rear house approximately 2024. Conveniently located near shopping, dining, Metro Gold Line access, and major freeways for an easy commute throughout Los Angeles. SUBJECT TO SUCCESSFUL CANCELATION OF CURRENT ESCROW.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1924
- Lot Size
- 5,424 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 | 6.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,511 | 1,920 |
| Lot Size | 5,424 | 5,649 |
| Price | $750.0K | $772.4K |
| Price per sq ft | $496 | $451 |
| Built year | 1924 | 1946 |
| HOA | $0 | $0 |
| Days on market | 26 | 96 |
Pricing History
Listed for Sale
Aug 14, 2026
$749,999
Initial Listing