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 Duplex Residential Income property presents a Strong Value Opportunity, listed at $749,999—positioned well above the $704,139 Fair Market Value by 6%. While priced at a premium, the property features a Condition Rating of 3, highlighted by a 2024 roof and updated interiors. The dual-unit layout provides significant utility for offsetting mortgage costs through rental income. With its strategic proximity to the Metro Gold Line and major freeways, this asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready, income-generating property in East Los Angeles.
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 | $466 | - |
A 4339 E 1st Sold | $800,000 | 3 | 3 | 1,320 | $606 | 0.6 mi |
B 601 S Humphreys Sold | $925,000 | 0 | 0 | 2,020 | $458 | 0.3 mi |
C 629 Eastmont Avenue Sold | $900,000 | 0 | 0 | 1,897 | $474 | 1.0 mi |
D 1020 S Mcbride Active | $745,000 List Price | 0 | 0 | 1,440 | $517 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1924, the property is well-maintained and move-in ready. It features a brand-new roof (2024) and the kitchen and bathrooms show updates likely completed within the 5-15 year range, including stone countertops and updated vanities.
The property features two separate homes on one lot, providing an ideal opportunity for owner-occupants to offset their mortgage with rental income or for investors to maximize cash flow.
With a newer roof installed in 2024 and an updated, move-in ready rear residence, the property offers reduced immediate maintenance costs and improved peace of mind for the buyer.
The home is ideally situated near the Metro Gold Line and major freeways, offering excellent accessibility and convenience for residents commuting across Los Angeles.
Built in 1924, the property may possess aging systems or structural elements typical of century-old homes that could require future modernization or specialized maintenance.
With a total of 1,511 square feet split between two dwellings, the individual living spaces—especially the three-bedroom unit—may feel constrained in size compared to modern standards.
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, 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 | 1,515.5 | 50% |
| Lot Size | 5,424 | 5,426.5 | 50% |
| Price | $750.0K | $712.5K | 64% |
| Price per sq ft | $496 | $471 | 64% |
| Built year | 1924 | 1929 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 232 | 7% |
May 25, 2026
$749,999
Initial Listing