623 E 36th Street, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
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Los Angeles, California 90011
This Value-Add Residential Income Duplex is listed at $550,000, reflecting a stable valuation near its $517,459 Fair Market Value. Holding a Condition Rating of 4, the asset offers significant upside through ADU Potential and its Spacious Backyard. Featuring Separated Electricity and Gas Meters, the property simplifies management for those targeting the high rental demand near USC and Downtown LA. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-utility house-hack in a central Los Angeles corridor.
Property is moderate renovation needed.
The property, built in 1921, shows its age. While the kitchen has functional appliances and cabinetry, they appear dated. The bathroom is basic and functional but lacks modern finishes. The flooring is laminate, which is a step up from older materials but not high-end. The overall condition suggests a property that has been maintained but requires updates to meet current aesthetic and functional standards. The potential for an ADU is a strong positive, but the existing structure's condition leans towards 'fair' due to its age and visible wear.
The property offers significant potential for an Accessory Dwelling Unit (ADU), providing an opportunity for increased rental income or added living space.
Located approximately 1.5 miles from USC and Exposition Park, with close proximity to LA Convention Center, Fashion District, and Downtown LA, ensuring strong rental demand and convenient access to amenities and employment centers.
Each unit has separated electricity and gas meters, simplifying utility management and billing for potential tenants or future subdivisions.
Built in 1921, the property may require updates or renovations to meet modern standards and buyer expectations.
Each unit consists of only 1 bedroom and 1 bathroom, which may limit the appeal to larger families or those seeking more spacious living arrangements.
The landlord is responsible for paying for water, which represents an ongoing operational cost that impacts net operating income.
A Single Story, Privately Gated Duplex. Consists of 1 bed, 1 bath each unit. ADU potential on the backyard. Separated electricity and gas meter. Centralized water meter. Landlord pays water only. Gated parking spaces are located on the backyard. Site is approximately 1.5 miles from USC and Exposition Park and close proximity from LA Convention Center, Fashion District, Downtown LA with nearby public transit on Avalon Blvd.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.3 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 | 1,126 | 2,001 | 9% |
| Lot Size | 4,000 | 5,261 | 22% |
| Price | $550.0K | $735.0K | 25% |
| Price per sq ft | $488 | $380 | 78% |
| Built year | 1921 | 1913 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 75 | 209 | 13% |
Feb 6, 2026
$550,000
Initial Listing
Jun 21, 2019
$389,000
Public Record
Sep 27, 2016
$275,000
Public Record
Dec 28, 2010
$130,000
Public Record
Oct 6, 2005
$362,000
Public Record
Jul 9, 2004
$245,000
Public Record