
Los Angeles, California 90033
This Value-Add Duplex Asset is listed at $609,000, positioned accurately at its $609,000 Fair Market Value. Situated in the high-demand Boyle Heights neighborhood near DTLA and USC Medical Center, the property currently holds a Condition Rating of 5, requiring substantial rehabilitation to unlock its full income potential. The 1922 structure features a Distant City Skyline View and a long driveway, providing a solid foundation for forced appreciation in a central Los Angeles corridor. This property is a strategic entry point for Fix-and-Flip Investors or Owner-Occupants looking to build equity through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 478 S Mott Subject | $609,000* List Price | 0 | 0 | 1,600 | $381 | - |
A 465 S Savannah Street Sold | $582,850 | 4 | 2 | 1,430 | $408 | 0.2 mi |
B 465 S Savannah Street Sold | $582,850 | 0 | 0 | 1,430 | $408 | 0.2 mi |
C 2966 2966-68 E 2nd Street Active | $660,300 List Price | 0 | 0 | 1,487 | $444 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property, built in 1922, is over 100 years old. The listing explicitly states it offers 'room to personalize' and is an 'excellent opportunity to update and customize,' strongly indicating that significant renovations are required. Without any interior images, especially of the kitchen and bathroom, and given the property's age, it's highly probable that major systems (electrical, plumbing, HVAC) are outdated and require substantial rehabilitation to meet modern standards and comfort. The exterior images show an older, maintained but not updated structure, consistent with a property needing extensive modernization.
As a duplex, this property offers immediate potential for rental income, making it attractive to investors or owner-occupants seeking to offset mortgage costs.
Situated in the heart of Boyle Heights, the property boasts excellent proximity to DTLA, the Arts District, USC Medical Center, and major freeways (5, 10, 101), enhancing its desirability and accessibility.
Described as an 'excellent opportunity to update and customize' in a 'high-demand neighborhood,' it offers significant upside for value appreciation through renovation and personalization.
Built in 1922, the property likely requires substantial updates and renovations to meet modern standards and preferences, which could entail significant additional investment.
With a lot size of 3015 sqft, the property offers limited outdoor space, which may be a drawback for buyers seeking larger yards or expansion potential.
The listing explicitly states 'no warranties or guarantees' and advises buyers to 'independently verify all information,' strongly suggesting an 'as-is' sale with potential for undisclosed issues or repair needs.
Welcome to this charming 2-bedroom, 1-bath duplex located in the heart of Boyle Heights, one of Los Angeles' most historic and centrally situated neighborhoods. Both homes offer comfortable living, while both homes maintain their classic character with room to personalize. The long driveway provides secure off street parking, and the home sits in a community with close proximity to DTLA, the Arts District, USC Medical Center, and major freeways including the 5, 10, and 101. Imagine the endless opportunities as a first-time buyer, investors, or anyone looking to own a home in a high-demand neighborhood. This is an excellent opportunity to update and customize. Broker and agents do not represent or guarantee the accuracy of the square footage, income, expenses, condition, development potential, bedroom/ bathroom count, lot size or lot lines, dimensions, permitted or nonpermitted spaces, or school eligibility. Buyer is advised to independently verify the accuracy of all information with appropriate professionals. There are no warranties or guarantees, buyer to rely solely on his/her/their own findings.
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 | 1,600 | 2,156 | 36% |
| Lot Size | 3,015 | 5,840 | 9% |
| Price | $609.0K | $685.0K | 36% |
| Price per sq ft | $381 | $381 | 50% |
| Built year | 1922 | 1924 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 152 | 204 | 36% |
Nov 21, 2025
$609,000
Initial Listing