637 E 115th, Los Angeles, California 90059, Los Angeles, 90059 - 0 bed, 0 bath
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Los Angeles, California 90059
This Duplex Residential Income Asset is a Strong Value Opportunity, listed at $1,069,000—positioned well below the $1,180,085 Fair Market Value by 9%. This valuation gap offers $111,085 in Instant Equity. Built in 2019, the property maintains an Excellent Condition Rating, featuring Granite Kitchens, Tankless Water Heaters, and Separate Utilities. With two 5-bedroom units, this turnkey build minimizes deferred maintenance, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 637 E 115th Subject | $1,069,000* List Price | 0 | 0 | 3,720 | $317 | - |
A 1106 E 114th Active | $1,065,000 List Price | 0 | 0 | 3,476 | $306 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2019, this property is only 7 years old, falling well within the <10y criteria for Excellent condition. The listing confirms modern systems including tankless water heaters, forced heat, and dual-pane windows, along with high-quality finishes like granite countertops and custom wood cabinets in the kitchens and bathrooms, indicating mint condition with no deferred maintenance.
Built in 2019, this property features modern infrastructure, tankless water heaters, and dual-pane windows, which significantly minimizes deferred maintenance and capital expenditure for investors.
The rare configuration of two 5-bedroom, 3-bathroom units provides a massive 3,720 sq/ft of living space, allowing for maximum rental income or multi-generational living arrangements.
Separate utility meters for each unit and low-maintenance artificial turf simplify property management and reduce owner-paid operating expenses.
The large building footprint on a 5,817 sq/ft lot leaves minimal yard space, which may be a drawback for tenants in these high-occupancy, family-sized units.
At a list price exceeding $1 million, the property is positioned at the top of the local market for the 90059 area, requiring high rental yields to justify the investment's cap rate.
** Excellent Investment Opportunity ** A New Build from the ground up in 2019. A MASSIVE 2-Story Building that boasts 3,720 sq/ft of living space on a 5,817 sq/ft Lot. Both Units include 5 Bedrooms and 3 Bathrooms. Each unit has its own attached Garage. Single car Garage in the front and 2-Car Garage in the rear of the property. Amenities include Dual Pane Windows, granite counter tops, custom wood cabinets, tile flooring in the Kitchen & Bathrooms and forced heat throughout. The Property also includes artificial grass in the front for minimal maintenance and water usage. Separate Utilities at each unit make this Duplex such a sought-after Investment. Tankless water Heaters. Newer Construction minimizes deferred maintenance and enhances future income. AGENTS, BRING YOUR CLIENTS & INVESTORS. This is an EXCELLENT INVESTENT OPPORTUNITY to add to your PORTFOLIO or get started with Rental Income Property.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,720 | 2,250 |
| Lot Size | 5,817 | 5,864 |
| Price | $1.07M | $826.7K |
| Price per sq ft | $287 | $395 |
| Built year | 2019 | 1925 |
| HOA | $0 | $0 |
| Days on market | 13 | 83 |
Jul 9, 2026
$1,069,000
Initial Listing
Feb 21, 2019
$406,000
Public Record
Jun 29, 2018
$325,000
Public Record