801 S Hicks, Los Angeles, California 90023, Los Angeles, 90023 - 0 bed, 0 bath
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Los Angeles, California 90023
This duplex presents a High-Potential Investment Opportunity with a List Price of $825,000, positioned above the $736,486 Fair Market Value. While the property requires capital for modernization, its Fair Condition Rating and dual-unit configuration on a 5,838 sq. ft. corner lot provide significant long-term value-add potential. The existing tenant-occupied status ensures immediate rental income, while the layout offers flexibility for future upgrades. This asset is well-positioned for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through strategic rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 801 S Hicks Subject | $825,000* List Price | 0 | 0 | 1,729 | $426 | - |
A 4173 Hubbard Street Sold | $685,000 | 0 | 0 | 1,680 | $408 | 0.6 mi |
B 650 S Indiana St Sold | $780,000 | 0 | 0 | 2,035 | $383 | 0.1 mi |
C 1151 Calzona Street Pending | $799,098 List Price | 6 | 4 | 1,704 | $469 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1920, the property shows a mix of conditions. While living areas and bedrooms have been updated with newer laminate flooring and a modern fireplace surround, the kitchen and bathrooms remain dated with older cabinetry and tile work exceeding 20 years in age. The listing's 'as-is' status and 'opportunity to update' note suggest that while functional and tenant-occupied, the property requires modernization of systems and wet areas.
This duplex features two separate units (2BR/1BA and 1BR/1BA), providing an excellent opportunity for rental income or for an owner-occupant to offset their mortgage by living in one unit.
Situated on a 5,838 sq. ft. corner lot, the property offers enhanced privacy, separate entrances for each unit, and better accessibility compared to mid-block parcels.
Located in the Boyle Heights area with proximity to major freeways, public transportation, and downtown Los Angeles, the property is well-positioned for high long-term rental demand.
Both units are sold tenant-occupied, which may present challenges for buyers looking for immediate possession or those wishing to renovate and reset rents to current market rates.
Built in 1920 and sold in 'as-is' condition, the property likely requires significant capital investment for modern upgrades and repairs to its century-old infrastructure.
Welcome to 801 S. Hicks and 3846 Percy St. This excellent duplex investment opportunity is in the heart of Los Angeles! This corner lot duplex offers two separate units, 801 S. Hicks is a spacious two bedroom 1 bath approx. 1129 sq. ft. of living space and 3846 Percy is approx. 600 sq. ft. 1 bedroom 1 bath unit making it an ideal property for investors seeking rental income or owner-occupants looking to offset their mortgage by living in one unit while renting the other. Both units are to be sold tenant occupied. Each unit provides comfortable living space with private entrances, offering flexibility and privacy for occupants. The property presents outstanding income potential with the opportunity to update and increase value over time. Conveniently located near shopping, restaurants, schools, public transportation, and major freeways, this duplex is well-positioned for long-term rental demand and everyday convenience. Whether you're expanding your investment portfolio or searching for a versatile multi-family property, this is a rare opportunity to own an income-producing asset in Los Angeles. Property to be sold as-is.
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 | 1,729 | 2,250 |
| Lot Size | 5,838 | 5,864 |
| Price | $825.0K | $826.7K |
| Price per sq ft | $477 | $395 |
| Built year | 1920 | 1925 |
| HOA | $0 | $0 |
| Days on market | 12 | 83 |
Jul 10, 2026
$825,000
Initial Listing