
Los Angeles, California 90001
This Value-Add Residential Income Duplex is listed at $685,000, representing a strategic acquisition in the Los Angeles market. The property offers a stable entry point relative to its $607,992 Fair Market Value. Currently holding a Condition Rating of 5, the 1947 structure requires a full-scale renovation but offers significant upside via California zoning laws to add a third unit. Featuring a 6,823 sqft lot, Development Potential, and a detached 2-car garage within the Los Angeles Unified district, this asset is ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8006 Hooper Subject | $685,000* List Price | 5 | 2 | 1,945 | $313 | - |
A 1113 E 83rd Street Sold | $650,000 | 0 | 0 | 1,703 | $382 | 0.3 mi |
B 7223 Holmes Avenue Sold | $620,000 | 0 | 0 | 2,124 | $292 | 0.8 mi |
C 1420 E 77th Place Pending | $789,999 List Price | 5 | 2 | 2,007 | $394 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1947 and occupied by the same owner for over 40 years, the property is in largely original condition. The kitchen features a vintage stove and dated cabinetry, while the living areas show significant wear on carpets and wall-mounted heating units. Given the age and lack of recent renovations, the home requires a comprehensive rehab of its systems and interior finishes.
The property offers significant value-add potential through California's residential zoning laws, with a large lot and detached garage that provide the opportunity to add a third unit or ADU.
The intelligent placement of the units on a 6,823 sqft lot allows for generous, private outdoor spaces for each occupant, creating a rare sense of a single-family home environment for both units.
The rear unit features a unique addition that can be reimagined as a primary suite or a family room, providing flexibility for multi-generational living or the ability to command higher rental premiums.
Having been held by the same owner for over 40 years, the property requires significant cosmetic updates to meet modern market standards and maximize its valuation.
Built in 1947, the property likely features aging systems that may require capital expenditure for repairs or upgrades to plumbing, electrical, and HVAC components.
Legacy. A word defined in many ways. But no matter the case, every legacy has its beginnings. This well-appointed duplex could very well be the start of your own. A front unit bearing 2 ample-sized bedrooms, 1 full bath; a living/ dining area and cozy eat-in kitchen. The rear unit boasts 2 original bedrooms in the primary portion of the residence with the unsuspecting treat of a 3rd bedroom to the rear of unit - just beyond the kitchen. This addition- part of a larger added multi-purpose space; currently home to the inside laundry area. Use it as-is or reimagine this space as a Primary Suite perhaps, with ensuite bath! OR? Create cozy den/ family room-type space, allowing for a small family to spread out comfortably. When you're not enjoying the comfort of the indoors, relax in the very private rear yard. The intelligent placement of the duplex on this spacious lot provides for the opportunity to designate considerable outdoor space to the rear of each unit (respectively); promoting a real sense of home for every occupant. Throw in the recent improvements in California's residential zoning laws, and the prospect of a 3rd unit rather atop the detached 2-car garage, or above the pre-existing units; and you have an upside in value that could quickly become exponential. This home was occupied by the same lovely and prideful owner for the last 40 plus years, so cosmetic improvements are desirable, as reflected in the offer price. But if you're looking for an example of what opportunity looks like? You need not look beyond this one!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 0.0 | 71% |
| Baths | 2.0 | 0.0 | 71% |
| Square foot | 1,945 | 1,992 | 48% |
| Lot Size | 6,823 | 5,289 | 90% |
| Price | $685.0K | $779.0K | 33% |
| Price per sq ft | $352 | $382 | 38% |
| Built year | 1947 | 1928 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 148 | 5% |
Apr 22, 2026
$685,000
Initial Listing