8449 S Main, Los Angeles, California 90003, Los Angeles, 90003 - 0 bed, 0 bath
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Los Angeles, California 90003
This Value-Add Residential Income Duplex is listed at $685,000, positioned as a strategic income asset relative to its $572,478 Fair Market Value. Featuring two 1-bedroom units with Independent Meters, City Lights views, and a Condition Rating of 4, the property offers operational efficiency and steady rental demand. The significant 5,041 sqft lot provides a rare Development Upside for a third unit, maximizing future ROI. While subject to RSO Regulations, the central location ensures consistent occupancy. This is a strategic acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8449 S Main Subject | $680,000* List Price | 0 | 0 | 1,192 | $479 | - |
A 147 E 95th Street Sold | $599,000 | 0 | 0 | 1,440 | $416 | 0.8 mi |
B 135 W 87th Place W Active | $702,900 List Price | 0 | 0 | 1,102 | $638 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1925, the property is well-maintained but shows signs of its age. The interiors have received some cosmetic updates, including newer shaker-style kitchen cabinets and laminate flooring, but the bathrooms and overall infrastructure remain dated. While functional and tenant-occupied, the century-old structure and basic finishes do not meet the criteria for 'good' or 'excellent' condition.
The property sits on a generous 5,041 sqft lot, offering significant potential to add a third unit or ADU to maximize rental income and overall property value.
Each unit features its own private entrance and separately metered utilities, simplifying property management and reducing owner-paid utility expenses.
Centrally located near major freeways, public transportation, and shopping centers, the property benefits from strong and consistent rental demand in the South Los Angeles market.
The property is subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), which limits the owner's ability to increase rents to market rates and manage tenant turnover.
Originally constructed in 1925, the property may require significant capital investment for repairs or modernization of its century-old structural and mechanical systems.
Welcome to 8449 S Main Street, Los Angeles — a well-established duplex in the heart of South Los Angeles offering two separate units, each with it's own address, private entrance, and separately metered utilities. This configuration provides operational efficiency and flexibility for long-term ownership. Do not miss out on this great Opportunity! Each unit features a functional 1-bedroom, 1-bath layout with a spacious living area, kitchen with dining space, and in-unit laundry. The mirrored floor plan offers privacy between units and supports long-term tenant retention. Situated on a large lot, the property offers additional space that may allow for the development of a third unit, providing potential future value-add. Centrally located near major streets, public transportation, shopping, and freeway access, the property benefits from strong and consistent rental demand. An excellent opportunity for investors seeking a long-term hold, a 1031 exchange, or an income-producing asset with development upside.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,192 | 1,907 | 7% |
| Lot Size | 5,041 | 5,170 | 22% |
| Price | $680.0K | $760.0K | 31% |
| Price per sq ft | $570 | $362 | 89% |
| Built year | 1925 | 1925 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 111 | 191 | 20% |
Apr 17, 2026
$680,000
$685,000
-1% Price Drop
Initial Listing
Feb 7, 2026
$685,000
$699,999
-2% Price Drop
Initial Listing
Jan 1, 2026
$699,999
Initial Listing
Feb 17, 2016
$293,500
Public Record
Jul 17, 2012
$115,000
Public Record
Dec 16, 2005
$396,000
Public Record
Jun 14, 2002
$105,000
Public Record