
Los Angeles, California 90019
This 1922 Mid-City duplex represents a High-Potential Investment Opportunity, listed at a List Price of $850,000—positioned well below the $877,072 Fair Market Value by 3%. This valuation gap offers $27,072 in Instant Equity. Featuring separate utility meters and a newly replaced roof, the property maintains a Fair Condition Rating with significant upside for cosmetic modernization or ADU expansion. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income in a central Los Angeles location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4809 Pickford Subject 0 bd · 0 ba · 1,388 sqft · $632 | $850,000* List Price | 0 | 0 | 1,388 | $632 | - |
A 1532 Carmona Sold 0 bd · 0 ba · 1,562 sqft · $594 · 0.9 mi | $928,600 | 0 | 0 | 1,562 | $594 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a 1922 build (>20 years) featuring 'original character,' which typically indicates dated kitchens and bathrooms that haven't seen a major renovation in 15-30 years. While the roof is excellent (newly replaced) and the utility systems are functional with separate meters, the overall age and description suggest the interior needs cosmetic updates and minor repairs to move beyond its vintage condition.
The property features rare separate meters for water, gas, and electricity for both units, significantly reducing owner overhead and simplifying utility management.
With a generous 5,770 square foot lot and a recently replaced roof, the property offers significant upside potential for an ADU addition or further expansion.
Situated in a highly desirable and central Los Angeles neighborhood, this duplex provides excellent tenant appeal and proximity to key transportation and dining hubs.
Totaling only 1,388 square feet for five bedrooms across two units, the individual living areas and bedrooms may feel undersized for modern tenant expectations.
As a 1922 build, the property may require significant capital expenditure for modernization of electrical, plumbing, or foundation systems beyond the recent roof replacement.
Charming 1920s Mid-City Duplex – Fully Split Utilities & Timeless Character! Located in the highly desirable Mid-City Los Angeles area, this classic 1922 detached duplex seamlessly blends vintage charm with highly sought-after investment features. Rich in original character, the property offers a spacious 3-bedroom, 2-bathroom unit alongside a well-appointed 2-bedroom, 1-bathroom unit, totaling approximately 1,388 square feet of living space. A standout feature for investors is the rare benefit of separate meters for water, gas, and electricity—helping minimize owner utility expenses and maximize efficiency. The property also includes ample on-site parking and private yard spaces for each unit, ideal for outdoor enjoyment and tenant appeal. Additional highlights include a recently installed roof (within the past four months) and excellent potential for future expansion with space to build an ADU (buyer to verify). This is an exceptional opportunity for both owner-users and investors. The property may offer the flexibility for an owner-user to occupy one unit after close of escrow (buyer to verify city relocation requirements and local ordinances). Conveniently located near dining, transportation, and all that vibrant Mid-City has to offer, this property is a rare find combining character, functionality, and upside potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 1,388 | 2,090.331 |
| Lot Size | 5,770 | 5,852.908 |
| Price | $850.0K | $830.9K |
| Price per sq ft | $612 | $394 |
| Built year | 1922 | 1928 |
| HOA | $0 | $0 |
| Days on market | 38 | 87 |
Oct 2, 2026
$850,000
Initial Listing
Dec 5, 2008
$280,000
Public Record
Feb 23, 2007
$615,000
Public Record