
Los Angeles, California 90019
This tri-level duplex represents a High-Potential Investment Opportunity with a List Price of $1,400,000—positioned well below the $1,430,283 Fair Market Value by 2%. This valuation gap offers $30,283 in Instant Equity for buyers. Featuring a Poor Condition Rating, the property requires significant renovation, yet provides a solid foundation with updated electrical and mini-split systems. This is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking to maximize value in the high-demand Mid-Wilshire corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4916 W 12th Subject | $1,400,000* List Price | 0 | 0 | 3,912 | $366 | - |
A 1259 S Orange Drive Active Under Contract | $1,100,000 List Price | 0 | 0 | 2,867 | $384 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1926, this property requires significant rehabilitation as evidenced by the highly dated kitchen and bathrooms which appear to be over 30 years old. While the listing notes recently updated electrical and mini-split systems, the overall interior condition and the explicit call for a contractor to 'unlock potential' place it in the poor category.
Boasting nearly 4,000 square feet with a 6-bedroom, 4-bathroom configuration, this tri-level duplex offers rare scale and flexibility for high-density rental income or multi-generational living.
Situated in the highly desirable Mid-Wilshire area, the property provides excellent proximity to Miracle Mile, Koreatown, and Downtown LA, ensuring strong long-term appreciation and tenant demand.
The inclusion of recently updated electrical systems and mini-split HVAC units provides a solid foundation, reducing immediate capital expenditure on essential mechanical components.
The property requires significant 'TLC' and cosmetic updates, necessitating additional upfront capital and renovation time before reaching its full market potential.
With the building footprint occupying nearly the entire 3,662 square foot lot, there is minimal private outdoor space or yard area, which may limit appeal for certain occupant types.
**Opportunity meets location in the heart of Los Angeles!** Welcome to 4916 W 12th St, a spacious tri-level duplex offering nearly 4,000 square feet of living space and incredible potential for an owner-user, investor, or buyer looking to create something special. Featuring a total of 6 bedrooms and 4 bathrooms across two units, this property offers the space and flexibility that are increasingly hard to find in this part of the city. Yes, it needs some TLC, but that's exactly where the opportunity begins. Bring your vision and unlock the potential of this character-filled 1920s property. Live in one unit and explore the income potential of the other, create a multi-generational living setup, or reposition the property as a long-term investment. With generous room sizes, abundant natural light, multi-level living and recently updated electrical and mini-split systems, much of the foundation for something special is already here. Located in the desirable Mid-Wilshire area with convenient access to Miracle Mile, Koreatown, Downtown LA, shopping, dining, entertainment and major employment centers, this is more than a duplex, it's an opportunity to add value in one of Los Angeles' most centrally located neighborhoods. **Properties with this much space, flexibility and upside don't come around often. Bring your contractor, bring your ideas and come see the possibilities for yourself.**
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,912 | 2,187.451 |
| Lot Size | 3,662 | 5,841.385 |
| Price | $1.40M | $841.5K |
| Price per sq ft | $358 | $385 |
| Built year | 1926 | 1928 |
| HOA | $0 | $0 |
| Days on market | 16 | 85 |
Aug 24, 2026
$1,400,000
Initial Listing
Jun 23, 2025
$1,260,000
Public Record