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7823 Walnut Drive, Los Angeles, California 90001, Los Angeles, 90001 - bed, bath

7823 Walnut Drive, Los Angeles, California 90001 home-pic-0
ACTIVE$539,900
7823 Walnut Drive, Los Angeles, California 90001
0Bed
0Bath
1,206Sqft
6,719Lot
Year Built
1927
Close
-
List price
$540K
Original List price
$600K
Price/Sqft
$448
HOA
-
Days on market
-
Sold On
-
MLS number
PW25184652
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $539.9K(21th), sqft - 1206(50th), beds - undefined(50th), baths - undefined(50th).

Interior access now available! Excellent Investment Opportunity – Duplex Delivered Vacant! Don’t miss this rare chance to own a vacant duplex in a prime location—ready for your vision! This distressed property is the perfect blank canvas for investors, flippers, or owner-users looking to create their dream income property. Sitting on a generous lot, there’s room to add a third unit and maximize your returns. The existing structure is brimming with potential—bring your tools, creativity, and style to transform it into a modern, cash-flowing gem. Opportunities like this don’t come often—location, lot size, and flexibility make this a true diamond in the rough. Act fast before it’s gone!

Price History

Date
Event
Price
09/13/25
Price Change
$539,900-10.0%
08/15/25
Listing
$599,900
08/14/25
Sold
$465,000
Condition Rating
Poor
Built in 1927, this property is explicitly described as 'distressed' and a 'blank canvas' requiring significant transformation. The images show severe neglect, dilapidated structures, and boarded-up windows, indicating substantial repairs and rehabilitation are needed. While the listing suggests potential for renovation, the current condition is far from livable and likely has significant defects affecting safety and soundness, consistent with a 'poor' rating.
Pros & Cons

Pros

Prime Los Angeles Location: Situated in a desirable Los Angeles area, offering strong rental demand and potential for appreciation.
Income-Generating Duplex: The property is an established duplex, providing immediate potential for rental income.
Vacant Delivery: Delivered vacant, offering flexibility for owner-occupancy, immediate renovation, or selection of new tenants at market rates.
ADU/Expansion Potential: A generous 6,719 sqft lot size and explicit mention of 'room to add a third unit' offer significant upside for increased income and property value.
Recent Price Adjustment: A recent price reduction from $599,900 to $539,900 indicates a potentially motivated seller and improved value proposition.

Cons

Distressed Condition: Described as a 'distressed property' and 'blank canvas,' indicating substantial renovation and repair work is required.
Age of Structure: Built in 1927, the property likely requires significant updates to systems, infrastructure, and aesthetics to meet modern standards.
High Renovation Investment: The need to 'bring your tools, creativity, and style to transform it' implies a considerable financial and time investment for rehabilitation.

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