537 N Cummings Street, Los Angeles, California 90033, Los Angeles, 90033 - 3 bed, 2 bath
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Los Angeles, California 90033
This Turnkey Multi-Family Duplex is a High-Potential Investment Opportunity, listed at $695,000—positioned well below the $710,613 Fair Market Value by 2%. This valuation gap offers $15,613 in Instant Equity for the buyer. Boasting a Condition Rating of 2, the property features a renovated kitchen with quartz waterfall counters and modern fixtures. With a $10,000 forgivable grant available and a prime location near Downtown LA within the Los Angeles Unified School District, this asset ensures high rental demand. It is perfectly suited for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 537 N Cummings Street Subject | $695,000* List Price | 3 | 2 | 1,348 | $516 | - |
A 1031 N Fickett Active | $748,000 List Price | 0 | 0 | 1,248 | $599 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1920, the property has undergone an extensive recent renovation within the last 5 years. The interior features brand-new laminate flooring, recessed lighting, and a modern kitchen with white shaker cabinets, quartz countertops with a waterfall edge, and contemporary black fixtures. The property is in turnkey condition with no visible deferred maintenance.
Situated in Boyle Heights just minutes from Downtown LA, the property offers unparalleled access to four major freeways (5, 10, 101, and 110), making it a highly desirable hub for commuters and urban dwellers.
This recently remodeled duplex is move-in ready, providing immediate rental income potential or owner-user flexibility without the need for initial capital improvements or renovations.
The property qualifies for a $10,000 forgivable grant toward closing costs through First Citizens Bank, significantly lowering the barrier to entry and enhancing the overall investment value.
Originally built in 1920, the property may possess aging structural or mechanical systems typical of older homes that could require more frequent maintenance despite recent cosmetic updates.
With only 1,348 square feet of total living space divided between two units, the individual floor plans are relatively compact, which may limit appeal for larger families or tenants seeking spacious interiors.
LOCATION , LOCATION , LOCATION !!!! TURNKEY MULTI-FAMILY OPPORTUNITY IN THE HEART OF LOS ANGELES THIS HOME QUALIFIES FOR A $10,000 FORGIVABLE GRANT TOWARDS CLOSING COSTS WITH FIRST CITIZENS BANK !!! Welcome to 537 N Cummings St — a recently remodeled home , with a high income-producing potential ,that blends modern updates with unbeatable central location and long-term upside. Positioned just minutes from Downtown LA, this property offers exceptional convenience with quick access to the 5, 10, 101, and 110 freeways, making commuting and city access effortless. Whether you’re an owner-user or investor, this is a rare opportunity to secure a move-in-ready asset in a high-demand corridor. Step outside and enjoy proximity to top restaurants, trendy cafés, and nearby commercial centers, along with local markets and neighborhood essentials—everything you need for vibrant urban living is close by. Entertainment and culture are right around the corner with Crypto.com Arena and the Los Angeles Convention & Exhibition Center just a short drive away, offering year-round events, sports, and concerts. The surrounding neighborhood features a diverse and growing demographic, driven by central employment hubs and ongoing revitalization—fueling strong rental demand and future appreciation. The property is served by the Los Angeles Unified School District (LAUSD). Recently upgraded and thoughtfully improved, this property delivers immediate livability, strong income potential, and future flexibility (buyer to verify zoning and development options). Turnkey today. Opportunity tomorrow. 537 N Cummings St is ideal for buyers seeking location, lifestyle, and long-term value—all in one !!!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 5.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,348 | 2,250 |
| Lot Size | 5,624 | 5,864 |
| Price | $695.0K | $826.7K |
| Price per sq ft | $516 | $395 |
| Built year | 1920 | 1925 |
| HOA | $0 | $0 |
| Days on market | 107 | 83 |
Apr 6, 2026
$695,000
Initial Listing
Nov 22, 2022
$425,000
Public Record
Jul 29, 2008
$260,000
Public Record
Jan 13, 2006
$495,000
Public Record