514 W River Street, Los Angeles, California 90065, Los Angeles, 90065 - 0 bed, 0 bath
Loading property details...
Los Angeles, California 90065
This Legal Duplex with Dual-House Configuration is a Strong Value Opportunity, listed at $1,349,000—positioned well below the $1,412,363 Fair Market Value by 4%. This valuation gap offers $63,363 in Instant Equity. Both units maintain a Condition Rating of 3 following 2018 updates to the modern kitchens, private yard spaces, and patios. With 6 total bedrooms and gated parking, the property sits near Florence Nightingale Middle School, ensuring high rental demand. This turnkey asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 514 W River Street Subject | $1,349,000* List Price | 0 | 0 | 2,566 | $550 | - |
A 2653 Alice Street Sold | $1,045,130 | 0 | 0 | 1,828 | $572 | 0.8 mi |
B 2622 Idell Active | $975,000 List Price | 0 | 0 | 2,208 | $442 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property was originally built in 1937 but underwent an extensive renovation in 2018, which falls within the 5-15 year window for a 'good' rating. Exterior images show well-maintained structures with updated light fixtures, newer roofing, and manicured landscaping. While the description highlights modern kitchens and bathrooms, the renovation occurred six years ago, and the lack of interior photos prevents an 'excellent' classification.
The property features two completely separate houses on one lot, offering superior privacy and flexibility compared to traditional attached duplexes.
Both units were updated in 2018 with modern kitchens, bathrooms, and open layouts, reducing the need for immediate capital improvements.
With a total of 6 bedrooms and 5 bathrooms across both units, the property offers high rental capacity and appeals to larger households.
Existing tenancies may present challenges for owner-occupants wishing to move in quickly or for investors looking to reposition the asset at market rents.
The property lacks the hillside or city views often found in the 90065 zip code, which can be a drawback for certain high-end buyers.
Despite the 2018 updates, the 1937 original construction may still harbor aging underlying systems that require ongoing maintenance and oversight.
Legal duplex featuring two separate houses on one lot located in desirable Cypress Park. Front unit offers 4 beds and 3 baths; rear unit offers 2 beds and 2 baths. Both units have been updated in 2018, open layouts, modern kitchens and baths, private yard spaces, gated parking for multiple cars, and in-unit laundry hookups. Both units are tenant occupied, making this an ideal income-producing opportunity.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
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 | 2,566 | 1,680 | 88% |
| Lot Size | 6,472 | 6,267 | 50% |
| Price | $1.35M | $962.6K | 88% |
| Price per sq ft | $526 | $553 | 38% |
| Built year | 1937 | 1944 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 69 | 182 | 25% |
Feb 12, 2026
$1,349,000
Initial Listing
May 1, 2018
$1,100,000
Public Record
Jun 18, 2015
$565,000
Public Record
Feb 3, 2000
$202,000
Public Record