477 Wyman, East Los Angeles, California 90022, East Los Angeles, 90022 - 0 bed, 0 bath
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East Los Angeles, California 90022
This Residential Income Duplex is a High-Potential Investment Opportunity, listed at $749,999—positioned well below the $775,242 Fair Market Value by 3%. This valuation gap offers $25,243 in Instant Equity for the buyer. Featuring a 2024 roof on the rear unit and a Condition Rating of 4, the property provides immediate rental utility with room for cosmetic value-add. Its strategic location near the Metro Gold Line ensures strong tenant demand, making this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking supplemental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 477 Wyman Subject | $749,999* List Price | 0 | 0 | 1,511 | $513 | - |
A 4339 E 1st Sold | $800,000 | 3 | 3 | 1,320 | $606 | 0.6 mi |
B 629 Eastmont Avenue Sold | $900,000 | 0 | 0 | 1,897 | $474 | 1.0 mi |
C 606 S Kern Avenue Active | $699,000 List Price | 0 | 0 | 1,553 | $450 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1924, the property features updates that appear to be 20+ years old. While the rear house has a new roof (2024) and functional kitchens/baths, the interior shows significant wear including stained carpeting, dated oak cabinetry, and older wall-unit climate systems that require cosmetic and minor mechanical updates.
The property features two separate homes on one lot, providing an excellent opportunity for owner-occupants to live in one and rent the other, or for investors to maximize rental yield.
The rear 3-bedroom home is move-in ready and features a brand-new roof installed in 2024, significantly reducing immediate maintenance costs for the new owner.
Ideally situated near the Metro Gold Line and major freeways, this location offers high desirability for tenants and owners needing easy access to Greater Los Angeles.
Built in 1924, the property may have aging systems or structural elements typical of 100-year-old homes that require more frequent upkeep than modern builds.
With only 1,511 total square feet split between two residences, the individual living spaces are relatively compact, which may limit appeal for larger families.
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.
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 | 1,511 | 1,503.5 | 50% |
| Lot Size | 5,424 | 5,791 | 42% |
| Price | $750.0K | $712.5K | 67% |
| Price per sq ft | $496 | $475 | 58% |
| Built year | 1924 | 1929 | 42% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 220 | 8% |
May 25, 2026
$749,999
Initial Listing