
Los Angeles, California 90062
This Income-Generating Duplex represents a strategic acquisition in a high-demand corridor, featuring a List Price of $889,800. While the asking price sits above the $765,271 Fair Market Value, the property offers significant upside through its Large 6,333 sqft Lot with Alley Access and an electric gate. Currently holding a Fair Condition Rating, the 1924 structure provides a solid foundation for a value-add renovation to capture premium Los Angeles rents. Located minutes from SoFi Stadium and DTLA, this asset is a prime choice for Buy-and-Hold Investors or Owner-Occupants looking to house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5710 Ruthelen Subject | $889,800* List Price | 0 | 0 | 1,728 | $443 | - |
A 5735 S St Andrews Place Sold | $700,000 | 0 | 0 | 1,792 | $391 | 0.1 mi |
B 1436 W 51st Place Sold | $710,000 | 5 | 2 | 1,832 | $388 | 0.7 mi |
C 5112 S Van Ness Pending | $650,000 List Price | 0 | 0 | 1,760 | $369 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1924, this property shows signs of regular maintenance and some piecemeal updates, but not a comprehensive renovation. The kitchens feature some newer stainless steel appliances and granite countertops, but the cabinetry is a mix of styles (white uppers, dark lowers), and the overall aesthetic is dated. Bathrooms are functional with neutral tiling but have older vanities and basic fixtures. Flooring is a mix of hardwood and wood-look laminate. The presence of wall heaters and lack of central AC indicate older systems. While livable, the property requires significant updates to modernize its style and major components, fitting the 'Fair' condition criteria.
The property features two separate 2-bedroom, 1-bathroom units, providing immediate rental income potential or an ideal setup for owner-occupancy with supplementary income.
Conveniently located near major attractions like the LA Memorial Coliseum, Downtown Los Angeles, SoFi Stadium, and LAX, offering high demand for rentals and strong appreciation potential.
Easy access to major freeways, shopping, dining, and public transportation enhances tenant desirability and overall property convenience.
Built in 1924, the property likely features older systems and finishes, which may necessitate significant capital expenditure for renovations or deferred maintenance to meet modern standards.
While expansion potential is noted, the 'buyer to verify' clause indicates that the feasibility, costs, and regulatory approvals are not confirmed, adding a layer of due diligence for prospective buyers.
The description does not specify any recent upgrades or modern amenities within the units, suggesting they may be in original or dated condition, potentially impacting rental rates or requiring immediate renovation.
Price Reduction!!!! Great investment opportunity in the City of Los Angeles! This well-located 2-unit property features two separate units, each offering 2 bedrooms and 1 bathroom. Situated on a large lot, Alley access with electric gate, the property provides potential for future expansion or additional value (buyer to verify). Conveniently located near the LA Memorial Coliseum, Downtown Los Angeles, SoFi Stadium, and LAX, with easy access to major freeways, shopping, dining, and public transportation. Ideal for owner-users or investors seeking strong rental potential in a high-demand area.
No exterior & parking available.
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 | 1,728 | 2,331 | 14% |
| Lot Size | 6,333 | 5,758 | 68% |
| Price | $889.8K | $876.1K | 50% |
| Price per sq ft | $515 | $372 | 82% |
| Built year | 1924 | 1923 | 55% |
| HOA | $0 | $0 | 50% |
| Days on market | 98 | 225 | 14% |
Apr 5, 2026
$889,800
$900,000
-1% Price Drop
Initial Listing
Jan 14, 2026
$900,000
Initial Listing
Sep 23, 2016
$440,000
Public Record
Dec 10, 2001
$200,000
Public Record
Mar 31, 2000
$116,000
Public Record