
Los Angeles, California 90044
This property presents a High-Potential Investment Opportunity with a List Price of $980,000—positioned well below the $1,021,744 Fair Market Value by 4%. This valuation gap offers $41,744 in Instant Equity. Featuring a Fair Condition Rating, this 1890 duplex offers massive rental capacity with 13 total bedrooms and ADU Development Potential via its detached garages. It is a strategic asset for Buy-and-Hold Investors or Value-Add Developers seeking to maximize cash flow in a high-density rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 822 W 60th Subject | $980,000* List Price | 0 | 0 | 2,957 | $346 | - |
A 6927 Estrella Avenue Sold | $988,000 | 0 | 0 | 2,960 | $334 | 0.6 mi |
B 829 W 69th Sold | $975,000 | 0 | 0 | 2,593 | $376 | 0.5 mi |
C 906 W 59th Sold | $725,000 | 0 | 0 | 1,916 | $378 | 0.1 mi |
D 1259 W 59th Sold | $690,000 | 0 | 0 | 2,143 | $322 | 0.6 mi |
E 856 W 73rd Street Sold | $750,000 | 4 | 4 | 2,339 | $321 | 0.8 mi |
F 6111 Menlo Active | $905,000 List Price | 0 | 0 | 3,029 | $299 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property features some cosmetic updates like wood-look tile flooring and vinyl windows (likely 15-20 years old), the overall condition is dated. The bathroom fixtures are basic/older, and the presence of wall heaters instead of central HVAC indicates aged systems. Given the 1890 build date and the 'investment opportunity' description, it likely requires minor repairs and modernization to meet current market standards.
High School: Middle College High School (9/10).
With a total of 13 bedrooms and 8 bathrooms across two units, this property offers an extraordinary income-generating opportunity, ideal for high-density rental strategies or co-living.
The presence of two detached 2-car garages on a 6,502 sqft lot provides a prime opportunity to add Accessory Dwelling Units (ADUs), significantly increasing the property's total value and cash flow.
Originally constructed in 1890, the property's age may necessitate ongoing maintenance and potential upgrades to aging infrastructure like plumbing and electrical systems.
Most assigned schools in the immediate vicinity have low performance ratings, which may limit the appeal for families prioritizing high-quality public education.
Investment opportunity Rare 2 units consisting of a large 7-bedroom, 4-bathroom lower unit and 6-bedroom, 4-bathroom top unit. Large open kitchen, fully gated and 2, detached 2 car garages off the alley. Perfect for ADU addition.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-5 • 0.5 mi
Grades K-6 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,957 | 2,187.451 |
| Lot Size | 6,502 | 5,841.385 |
| Price | $980.0K | $841.5K |
| Price per sq ft | $331 | $385 |
| Built year | 1890 | 1928 |
| HOA | $0 | $0 |
| Days on market | 53 | 85 |
Jul 18, 2026
$980,000
Initial Listing
Aug 30, 2024
$900,000
Public Record
Oct 3, 2019
$650,000
Public Record
Nov 20, 2018
$478,000
Public Record