
Los Angeles, California 90041
This Strong Value Opportunity is a Residential Income Duplex listed at $825,000, positioned well below the $861,449 Fair Market Value by 4%. This valuation gap offers $36,449 in Instant Equity. With a Condition Rating of 5, the property requires a full renovation, yet offers significant upside through its two-on-a-lot configuration, ADU conversion potential, and spacious basement. Located near Delevan Drive Elementary (9/10), this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to maximize value through strategic improvements.
Property is extensive renovation needed.
Built in 1922, this property shows significant signs of neglect and deferred maintenance. The interior images reveal a collapsing ceiling in one unit, missing cabinetry, and highly outdated kitchens and baths. The listing is marketed as a probate sale requiring immediate renovation, indicating that the systems and structures need a full rehab to meet safety standards.
Elementary School: Delevan Drive Elementary School (9/10).
This rare two-on-a-lot configuration features a 3-bedroom front house and a detached 1-bedroom rear home, both delivered vacant for immediate rental income or multi-generational living.
The property offers multiple avenues to increase equity, including a detached garage with ADU conversion potential, a spacious basement for storage/workshops, and the opportunity for a full cosmetic renovation.
The sale is subject to court confirmation, which typically involves a more rigid timeline and a potentially longer closing process compared to standard residential transactions.
Given the 1922 build date and the 'reimagine' positioning, the property likely requires substantial capital improvement to modernize systems and finishes to current market standards.
Exceptional opportunity in the heart of Eagle Rock! Whether you're an owner-occupant seeking supplemental rental income, a multi-generational living arrangement, or an investor looking to unlock significant value, this prime two-on-a-lot property offers endless possibilities. The front residence features three bedrooms and one bathroom, while the detached rear home offers one bedroom and one bathroom, providing a flexible layout for a variety of living or investment scenarios. Beneath the front home, a spacious basement presents abundant storage or workshop potential. Completing the property is a detached garage with exciting ADU conversion potential (buyer to verify), creating yet another avenue to maximize the property's value. Ideally situated just moments from Eagle Rock's vibrant collection of local boutiques, popular eateries, shopping, and neighborhood parks, the location is as compelling as the opportunity itself. Both homes will be delivered vacant, allowing the next owner to immediately renovate, occupy, lease, or reimagine the property to suit their vision. With its highly desirable location, versatile configuration, and exceptional upside potential, this is a rare offering that is sure to attract strong interest. *This is a Probate Sale subject to court confirmation.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-6 • 0.4 mi
Grades K-6 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 5.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,636 | 2,250 |
| Lot Size | 7,200 | 5,864 |
| Price | $825.0K | $826.7K |
| Price per sq ft | $504 | $395 |
| Built year | 1922 | 1925 |
| HOA | $0 | $0 |
| Days on market | 12 | 83 |
Jul 10, 2026
$825,000
Initial Listing
Apr 9, 1999
$180,000
Public Record