628 E 76th Place, Los Angeles, California 90001, Los Angeles, 90001 - 0 bed, 0 bath
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Los Angeles, California 90001
This Value-Add Residential Income Asset is listed at $825,000, positioned relative to a $763,813 Fair Market Value. Featuring a 1927 duplex configuration on a generous 5,738 sq ft lot, the property holds a Poor Condition Rating, signaling a significant opportunity for forced appreciation through comprehensive system updates and interior modernization. The layout includes a 3-bedroom front unit and a 2-bedroom rear unit with a patio and alley access for ample parking. Located near Wisdom Elementary School, this asset is a strategic acquisition for Buy-and-Hold Investors or Fix-and-Flip Investors seeking high-yield rental potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 628 E 76th Place Subject | $825,000* List Price | 0 | 0 | 1,386 | $551 | - |
A 1449 1451 E 75th Street Sold | $708,000 | 5 | 2 | 1,096 | $646 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1927, this property is nearly a century old. The images reveal extremely dated kitchens and bathrooms with original or very old fixtures, cabinetry, and flooring (red/terracotta tiles). Appliances appear old, and wall finishes in bathrooms show significant wear. The overall condition suggests a lack of major renovations in many decades, aligning with the 'Poor' criteria for properties built over 30 years ago with renovations over 30-50 years ago. It requires substantial repairs and rehabilitation, including likely updates to major systems (plumbing, electrical, HVAC) to meet modern living standards.
The property is an income-producing duplex, offering immediate rental income for investors or a valuable house-hacking opportunity for owner-occupants.
Situated in the 'heart of Los Angeles' with excellent access to schools, shopping, dining, and major freeways, enhancing desirability and potential appreciation.
Features a generous lot with a long driveway and alley entrance, providing significant and valuable off-street parking options in a dense urban area.
Built in 1927, the property may require significant updates to major systems (plumbing, electrical, HVAC) and general modernization, potentially incurring substantial renovation costs.
With a total of 1386 square feet for a 3-bedroom/2-bathroom unit and a 2-bedroom/1-bathroom unit, individual unit sizes are likely compact, which might limit appeal for buyers seeking more spacious living areas.
The description does not mention any recent renovations or upgrades, suggesting the interiors and core systems might be original or dated, implying potential for deferred maintenance or immediate capital expenditure.
Incredible opportunity to own an income-producing duplex in the heart of Los Angeles! features a spacious front unit with 3 bedrooms and 2 bathrooms, and a rear unit with 2 bedrooms and 1 bathroom — perfect for investors or owner-occupants looking to live in one and rent the other. The property sits on a generous lot with ample parking, including a long driveway and ally entrance for additional parking. Both units offer comfortable living spaces filled with natural light, and the location provides easy access to schools, shopping, dining, and major freeways. Don’t miss out on this versatile and high-potential property!
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.5 mi
Grades K-6 • 0.5 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 | 1,386 | 1,932.5 | 18% |
| Lot Size | 5,738 | 5,196.5 | 64% |
| Price | $825.0K | $764.5K | 64% |
| Price per sq ft | $595 | $399 | 86% |
| Built year | 1927 | 1927 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 328 | 163 | 95% |
Aug 21, 1996
$119,000
Public Record