708 S Eastern Avenue, Los Angeles, California 90022, Los Angeles, 90022 - bed, bath
708 S Eastern Avenue
Los Angeles, California 90022
Property Price
SUMMARY
Analysis of 708 S Eastern Avenue, Los Angeles, California 90022 is currently available with a list price of $729,999. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and currently tenant-occupied, demonstrating functional utility. Despite the 1902 build year, the units have received significant cosmetic and functional updates, including granite countertops, laminate flooring, and updated bathrooms in one unit, along with fresh interior paint in the other. These improvements suggest the property has been well-maintained and does not require immediate major renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Favorable Rent Control Status
Located in unincorporated Los Angeles County, this property is not subject to the Los Angeles City Rent Stabilization Ordinance (RSO), providing investors with greater management flexibility and rental upside.
- Immediate Cash Flow
The property is fully tenant-occupied and generates a steady gross income of $3,370 per month, offering immediate returns upon acquisition.
- Value-Add Potential
With separate electric meters, on-site parking, and a generous 5,753 sq ft lot, there is significant long-term potential to increase value through further renovations or site optimization.
CONSRISKS & DEFICIENCIES
- Significant Property Age
Built in 1902, the structure may require substantial maintenance or updates to aging infrastructure, such as plumbing and electrical systems, typical of century-old buildings.
- Limited Unit Square Footage
Each two-bedroom unit is approximately 724 square feet, which represents a relatively compact living space that may limit the tenant profile or future rent premiums.
About 708 S Eastern Avenue
Great duplex opportunity in East Los Angeles (90022). Situated on a 5,753 sq ft lot, this property features TWO 2BD/1BA units (approx. 724 sq ft each) with on-site parking and separate electric meters. One unit has updated bathrooms, granite countertops, laminate flooring, and in-unit laundry hookups; the other offers laminate flooring and fresh interior paint and in unit laundry hookups. Ample parking space! Both units are tenant-occupied, generating income.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1902
- Lot Size
- 5,753 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,444 | 1,928.5 | 15% |
| Lot Size | 5,753 | 6,351 | 35% |
| Price | $730.0K | $774.5K | 30% |
| Price per sq ft | $506 | $397 | 90% |
| Built year | 1902 | 1928 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 219 | 5% |
Pricing History
Listed for Sale
Feb 27, 2026
$729,999
Initial Listing
Sold
Feb 10, 2014
$345,000
Public Record