583 W Avenue 26, Los Angeles, California 90065, Los Angeles, 90065 - 0 bed, 0 bath
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583 W Avenue 26
Los Angeles, California 90065
ACTIVE
CONDITION: POOR
0Beds
0Baths
1,800Sq Ft
1,750Lot Size
Property Price
LIST PRICE$525,000
EST. MARKET VALUE
$599,900
12% BelowMARKET VALUE
SUMMARY
This Strong Value Opportunity is a Residential Income Duplex listed at $599,900—positioned well below the $648,701 Fair Market Value by 7%. This valuation gap offers $48,801 in Instant Equity for the buyer. Featuring a Condition Rating of 5, the property requires a full rehab to modernize its 1924 structure. With individual utility metering and a private deck, this asset is ideal for Buy-and-Hold Investors or Value-Add Developers seeking high-demand rental potential near DTLA.
Estimated Market Value
$599,900+$74,900 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 583 W Avenue 26 Subject 0 bd · 0 ba · 1,800 sqft · $333 | $525,000* List Price | 0 | 0 | 1,800 | $333 | - |
A 437 Isabel Sold 0 bd · 0 ba · 1,754 sqft · $371 · 0.5 mi | $650,000 | 0 | 0 | 1,754 | $371 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1924, this 100-year-old duplex is being sold 'as-is' with no mention of recent renovations. The exterior shows significant weathering, aged wooden structures, and dated windows. The listing's emphasis on 'upside potential' and 'as-is' status indicates that the kitchens, bathrooms, and major systems likely require a full rehab to meet modern safety and functional standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Investment Location
Situated in the high-demand Cypress Park area, the property offers excellent proximity to DTLA, the LA River, and trendy Northeast LA hotspots, ensuring strong rental demand.
- Dual-Unit Income Potential
This duplex features two 2-bedroom units with individual gas and electric meters, providing a streamlined management structure and significant rental upside for investors.
- Competitive Entry Price
Listed at a strategic price point for the Los Angeles market, this property represents a rare entry-level investment opportunity with substantial value-add potential.
CONSRISKS & DEFICIENCIES
- Occupancy and Condition Constraints
The property is sold 'as-is' with existing tenants in place, which may limit immediate renovation plans, owner-occupancy options, and traditional financing paths.
- Minimal Lot Size
With a lot size of only 1,750 square feet, there is very limited outdoor space and restricted potential for future structural expansion or ADU development.
About 583 W Avenue 26
A great investment property featuring 2 units, a top floor and bottom floor units with 2 bedrooms and 1 bath each, cozy kitchen and breakfast area, spacious living room and a driveway for off-street parking. Each unit is individually metered for gas & electric. Tremendous upside potential and conveniently located close to DTLA, LA River, Dodger Stadium and minutes to the trendy spots throughout Northeast LA. Do Not Disturb Tenants, property is priced to reflect being sold as-is with existing tenancy in place for both units.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1924
- Lot Size
- 1,750 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Loreto Street Elementary School
Grades K-5 • 0.5 mi
4/10
Aragon Avenue Elementary School
Grades K-5 • 0.6 mi
2/10
Hillside Elementary School
Grades K-5 • 0.7 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 1,800 | 2,090.331 |
| Lot Size | 1,750 | 5,852.908 |
| Price | $525.0K | $830.9K |
| Price per sq ft | $292 | $394 |
| Built year | 1924 | 1928 |
| HOA | $0 | $0 |
| Days on market | 55 | 87 |
Pricing History
Listed for Sale
Oct 15, 2026
$525,000
$599,900
-12% Price Drop
Initial Listing
Price Change
Sep 15, 2026
$599,900
Initial Listing