8239 Bell Avenue, Los Angeles, California 90001, Los Angeles, 90001 - 3 bed, 2 bath
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Los Angeles, California 90001
This 1925 Duplex with Studio Conversion is a strategic Value-Add Opportunity in the Los Angeles Unified district. Listed at $700,000, the property is positioned relative to a $599,957 Fair Market Value, reflecting the high demand for multi-unit assets in this submarket. With a Condition Rating of 5, the structure requires substantial capital expenditure to modernize aging systems and the converted studio space. However, the 5,353 sq ft lot and dual-income potential offer a clear path to forced appreciation. This asset is a prime acquisition for Buy-and-Hold Investors or Fix-and-Flip Investors targeting high-yield rental markets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8239 Bell Avenue Subject | $700,000* List Price | 3 | 2 | 1,298 | $462 | - |
A 7659 Miramonte Boulevard Sold | $750,000 | 0 | 0 | 1,400 | $536 | 0.6 mi |
B 1257 E 76th Place Sold | $610,000 | 4 | 3 | 1,540 | $396 | 0.9 mi |
C 1449 1451 E 75th Street Sold | $708,000 | 5 | 2 | 1,096 | $646 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1925 and marketed as a renovation opportunity, the property shows significant signs of age and deferred maintenance. The interior features dated flooring, old-fashioned kitchen cabinetry, and aging systems that require substantial rehabilitation. The garage conversion and overall structure need significant capital expenditure to meet modern safety and quality standards.
As a duplex with an additional studio conversion, this property offers multiple revenue streams, making it an excellent opportunity for investors or owner-occupants looking to house-hack.
The property is primed for renovation, allowing a buyer to modernize the 1925 structure and significantly increase the asset's market value and equity.
The combination of a 3-bedroom main residence and a separate studio provides great flexibility for multi-generational living or a dedicated home office space.
Given its 1925 construction and 'opportunity' status, the property likely requires significant capital expenditure to update aging systems and cosmetic finishes.
The garage conversion into a studio may pose challenges with traditional financing or appraisals if the conversion was not completed with proper city permits.
Great opportunity in Los Angeles. This duplex property features a main home with 3 bedrooms and 2 bathrooms on a 5,353 sq ft lot, offering plenty of potential for renovation or investment. The garage has been converted into a studio, providing additional living space. Ideal for investors or buyers looking to add value.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 0.0 | 68% |
| Baths | 2.0 | 0.0 | 68% |
| Square foot | 1,298 | 1,932.5 | 18% |
| Lot Size | 5,353 | 5,196.5 | 55% |
| Price | $700.0K | $735.0K | 36% |
| Price per sq ft | $539 | $399 | 82% |
| Built year | 1925 | 1926 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 151 | 5% |
Mar 17, 2026
$700,000
Initial Listing
Feb 1, 2000
$155,500
Public Record