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631 Leonard Avenue, Los Angeles, California 90022, Los Angeles, 90022 - 5 bed, 3 bath

631 Leonard Avenue, Los Angeles, California 90022 home-pic-0
ACTIVE$789,999
631 Leonard Avenue, Los Angeles, California 90022
5Beds
3Baths
1,960Sqft
5,429Lot
Year Built
1927
Close
-
List price
$790K
Original List price
$775K
Price/Sqft
$403
HOA
-
Days on market
-
Sold On
-
MLS number
CV25183150
Home ConditionPoor
Features
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $790.0K(41th), sqft - 1960(47th), beds - 5(82th), baths - 3(82th).

Duplex with endless potential in Los Angeles! First time on the market in over 50 years, this rare two-unit property at 631 Leonard Ave, Los Angeles is a golden opportunity for investors or multi-generational living. FRONT UNIT features 2 bed / 1 bath with an open living area, wall mount air conditioner and separate laundry area. The BACK UNIT features 3 bed / 1.25 bath with a functional kitchen, cabinets throughout for storage, and a separate laundry room. (Tax records show as 6 bedrooms, 2 full bathrooms + 1 quarter bath.) Each with separate entrances and utilities, this property offers flexibility, privacy, and strong rental potential. Perfect for those ready to renovate, flip, or hold for long-term income, it’s located near schools, and minutes from DTLA, shopping, dining, public transportation and major freeways (5, 710, 60). Ample parking, low-maintenance grounds, and a high-demand rental area make this a smart buy. Perfect property for entertaining! This duplex offers a blank canvas for those with a vision! Cash Offers Only Due to Repairs– Property to be sold in as-is condition –

Price History

Date
Event
Price
09/16/25
Price Change
$789,999+1.9%
09/03/25
Listing
$775,000
Condition Rating
Poor
This duplex, built in 1927 and on the market for the first time in over 50 years, is explicitly advertised for 'Cash Offers Only Due to Repairs' and 'sold in as-is condition,' indicating significant issues. The images confirm this: the front unit features a very dated kitchen with an old stove, worn cabinets, and an outdated bathroom with basic fixtures. The flooring is a mix of old laminate and tile. The back unit appears to be mid-renovation, with unfinished concrete floors, partially installed blue cabinets lacking countertops and a sink, and exposed electrical. Both units require substantial repairs and rehabilitation, making them either uncomfortable or unlivable in their current state, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Income-Generating Duplex: This property is a rare two-unit duplex, offering strong rental potential for investors or flexible multi-generational living arrangements.
Strategic Los Angeles Location: Conveniently located minutes from DTLA, shopping, dining, public transportation, and major freeways (5, 710, 60), enhancing its appeal to tenants and owners.
Significant Value-Add Potential: Described as a 'blank canvas' and 'perfect for those ready to renovate, flip, or hold for long-term income,' it offers substantial opportunity for customization and equity growth.
Independent Units: Each unit features separate entrances and utilities, providing privacy and operational independence, which is highly desirable for duplex properties.
Long-Term Investment Opportunity: Being on the market for the first time in over 50 years in a high-demand rental area suggests a stable asset with considerable potential for long-term appreciation.

Cons

Cash Offers Only & As-Is Sale: The requirement for cash offers and sale in 'as-is' condition due to repairs indicates significant underlying issues and limits the buyer pool, necessitating substantial immediate investment.
Extensive Renovation Required: The property is explicitly marketed as a 'blank canvas' needing 'repairs,' implying a considerable capital expenditure and effort will be required to modernize and bring it to its full potential.
Age of Property: Built in 1927, the property is nearly a century old, suggesting potential for outdated systems (plumbing, electrical), structural concerns, and higher maintenance costs compared to newer constructions.

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