
Los Angeles, California 90022
This Multifamily Residential Income Asset is listed at $1,099,000, aligning with its $1,099,000 Fair Market Value and offering $0 in Instant Equity. The property features Two Separate Buildings on a 6,631 Square Foot Lot, providing high rental versatility with a 4-bedroom main house and a 2-bedroom front unit. While maintaining a Fair Condition Rating due to its 1924 vintage, the Fenced Parking and well-kept grounds offer a strong foundation for a Value-Add strategy. This acquisition is a strategic choice for Buy-and-Hold Investors or Owner-Occupants looking to maximize ROI through modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 731 Belden Avenue Subject | $1,099,000* List Price | 0 | 0 | 2,452 | $448 | - |
A 231 Blackshear Avenue Active | $950,000 List Price | 0 | 0 | 2,271 | $418 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1924, this property is significantly aged. While the listing describes it as 'well-maintained' and the exterior images show a property that is kept up, the age strongly suggests that major systems (plumbing, electrical) and interior features, especially kitchens and bathrooms, are outdated. Without interior photos, a direct assessment of these critical areas is impossible, but it's highly probable they require significant updates to meet modern standards and buyer expectations. It fits the 'Fair' category as it's aged but maintained, with functional but likely outdated components, requiring minor updates or repairs.
As a multifamily duplex property, it offers significant income-generating potential with two separate units (4 beds/3 baths and 2 beds/1 bath), ideal for investors or owner-occupiers seeking rental income.
The generous 6,631 square foot lot provides ample outdoor space, offering potential for landscaping, expansion, or additional amenities.
The property benefits from ample parking available inside the fenced perimeter, a highly desirable and valuable feature in the Los Angeles market.
The property was recently sold within the past year on 2025-06-06. The sold price is $915,000.00.
Built in 1924, the property's age suggests potential for outdated systems (plumbing, electrical) and may require significant renovations to meet modern standards and buyer expectations.
The current list price of $1,099,000 is notably higher than the last recorded sale price of $915,000 and the original list price, requiring strong market justification to potential buyers.
This property is a well-maintained multifamily residence (duplex) with a total area of 2,452 square feet and sits on a 6,631 square foot lot. It consists of two separate buildings with a total of 6 bedrooms and 4 bathrooms, located in a nice community near shopping centers. The main house features 4 bedrooms and 3 bathrooms, while the front house includes 2 bedrooms and 1 bathroom. Additionally, there is ample parking available inside the fenced 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 | 2,452 | 2,250 |
| Lot Size | 6,631 | 5,864 |
| Price | $1.10M | $826.7K |
| Price per sq ft | $448 | $395 |
| Built year | 1924 | 1925 |
| HOA | $0 | $0 |
| Days on market | 473 | 83 |
Jun 6, 2025
$915,000
Public Record