
Los Angeles, California 90062
This property presents a High-Potential Investment Opportunity with a List Price of $1,400,000—positioned above the $1,258,154 Fair Market Value. Featuring a rare configuration of two detached units, including an 8-bedroom rear home, this Residential Income Asset offers significant rental density. With a Condition Rating of 5, the property requires capital improvements to modernize its aging infrastructure. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage month-to-month leases for immediate repositioning and long-term cash flow growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5425 S St Andrews Subject | $1,400,000* List Price | 0 | 0 | 3,282 | $383 | - |
A 1565 W 51st Active | $1,025,000 List Price | 0 | 0 | 3,338 | $307 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1921 (over 100 years old) with no mention of recent renovations to kitchens, bathrooms, or major systems like HVAC and electrical. The exterior shows signs of deferred maintenance, and the description focuses on 'investment potential' and 'income' rather than condition, typically indicating the need for significant rehab to meet modern standards.
The rare configuration of an 8-bedroom, 4-bathroom rear unit combined with a separate 2-bedroom front home offers massive rental density and cash flow opportunities for investors.
With both units currently on month-to-month leases, a new owner has the immediate ability to reposition the asset, adjust rents to market rates, or occupy one unit as an owner-user.
The property's proximity to the 10 and 110 Freeways and public transportation makes it highly attractive to a large tenant pool commuting to Downtown Los Angeles and surrounding areas.
Built in 1921, this century-old property likely requires ongoing maintenance and potential capital expenditures for system upgrades to plumbing, electrical, or structural components.
The 8-bedroom unit configuration suggests a high-occupancy environment which typically entails more intensive property management and increased wear and tear compared to standard residential units.
Excellent Income-Producing Opportunity in the City of Los Angeles! Don't miss this outstanding investment opportunity featuring two detached homes on one expansive lot, each with its own separate address. The front home offers 2 bedrooms and 1 bathroom, while the rear home features an impressive 8 bedrooms, 2 bathrooms, and a bonus room, providing exceptional rental income potential. Both units are tenant-occupied on month-to-month leases, offering flexibility for investors or owner-users. Conveniently located near shopping, dining, schools, and public transportation, with easy access to the 10 and 110 Freeways, this property is ideally situated for commuters and tenants alike. Whether you're looking to expand your investment portfolio or secure a property with strong income potential, this is an opportunity you won't want to miss.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,282 | 2,250 |
| Lot Size | 6,797 | 5,864 |
| Price | $1.40M | $826.7K |
| Price per sq ft | $427 | $395 |
| Built year | 1921 | 1925 |
| HOA | $0 | $0 |
| Days on market | 16 | 83 |
Jul 6, 2026
$1,400,000
Initial Listing
May 28, 2002
$165,000
Public Record
Aug 24, 2001
$100,000
Public Record
Aug 26, 1999
$158,000
Public Record
Oct 14, 1998
$158,000
Public Record