505 E 68th Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath
505 E 68th Street
Los Angeles, California 90003
Property Price
SUMMARY
Analysis of 505 E 68th Street, Los Angeles, California 90003 is currently available with a list price of $1,098,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Built in 2019, this property is well within the 10-year threshold for excellent condition. It features modern construction standards including granite countertops, wood cabinetry, tile flooring, dual-pane windows, and a fire sprinkler system, with no visible deferred maintenance in the images.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Construction
Built in 2019, this newer construction duplex offers significant long-term value through reduced maintenance costs and compliance with modern building codes, including an NFPA 13D fire sprinkler system.
- High Rental Capacity
The rare configuration of two massive 5-bedroom, 3-bathroom units maximizes potential rental income and appeals to large families or high-occupancy tenant pools.
- Favorable Utility Structure
The property features completely separated meters for electric, gas, and water, allowing for a true 'tenants pay all' utility arrangement that protects the owner's bottom line.
CONSRISKS & DEFICIENCIES
- Market Pricing Volatility
The listing has seen multiple price reductions from an initial $1.249M to $1.098M, suggesting the property may have struggled to find traction at its original valuation.
- High Density vs. Lot Size
With a massive 3,776 sq/ft building on a 5,396 sq/ft lot, there is very limited outdoor space or yard area for the high number of potential occupants across 10 bedrooms.
About 505 E 68th Street
*** AMAZING INVESTMENT OPPORTUNITY *** New Build from the ground up in 2019. A MASSIVE 2-Story Building that BOASTS 3,776 sq/ft on a 5,396 sq/ft Lot. A Gated Duplex. Both units are 5 bedrooms and 3 Bathrooms. Each unit has its own Attached Garage. The Front Unit has a single car garage and the back unit has double car garage. Each unit has inside Laundry. Separated Electric, Gas and Water Meters. Amenities for both units include- Dual pane windows, granite counter tops, wood cabinets, tile flooring in the Kitchen and Bathrooms, carpeted bedrooms and forced heat throughout. Tenants pay ALL utilities. NFPA 13D fire sprinkler system throughout. 100 amp electrical panels (source: LADBS) An AMAZING INVESTEMENT OPPORTUNITY to Add to your Portfolio or Get Started with Newer Building.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 2019
- Lot Size
- 5,396 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,776 | 1,907 | 90% |
| Lot Size | 5,396 | 5,206 | 72% |
| Price | $1.10M | $770.0K | 79% |
| Price per sq ft | $291 | $360 | 26% |
| Built year | 2019 | 1923 | 90% |
| HOA | $0 | $0 | 50% |
| Days on market | 235 | 204 | 62% |
Pricing History
Listed for Sale
Dec 3, 2025
$1,098,000
$1,149,900
-5% Price Drop
Initial Listing
Price Change
Oct 17, 2025
$1,149,900
$1,249,000
-8% Price Drop
Initial Listing
Price Change
Jul 14, 2025
$1,249,000
Initial Listing
Sold
Jul 24, 2019
$380,500
Public Record
Sold
May 16, 2019
$375,000
Public Record
Sold
Mar 24, 2004
$190,000
Public Record