
Los Angeles, California 90035
This Sophisticated Owner-User Duplex represents a Strong Value Opportunity, listed at $2,299,000—positioned well below the $2,500,677 Fair Market Value by 8%. This valuation gap offers $201,677 in Instant Equity. Featuring a Condition Rating of 2 with a fully remodeled lower unit, the property offers Zoning R3 with TOC Tier 2 incentives and significant ADU conversion potential. Located near Beverly Hills High School, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking luxury living with meaningful development upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8828 Alcott Street Subject | $2,299,000* List Price | 6 | 5 | 3,466 | $721 | - |
A 1543 S Crest Drive Sold | $2,200,000 | 4 | 3 | 2,554 | $861 | 0.2 mi |
B 1851 Stearns Drive Sold | $1,753,500 | 4 | 3 | 2,305 | $761 | 1.0 mi |
C 915 S Wooster Street Active | $2,399,000 List Price | 6 | 4 | 3,160 | $759 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a fully remodeled lower unit with a state-of-the-art kitchen, modern cabinetry, subway tile backsplashes, and recessed lighting, consistent with a renovation under 5 years old. The interiors show high-end finishes, updated flooring, and turnkey luxury condition, while the upper unit remains well-maintained and functional.
High School: Beverly Hills High School (9/10).
Zoned R3 with TOC Tier 2 and TCAC Highest Resource status, the property offers a 60% density bonus and incentives, plus two garages with high potential for conversion into multiple ADUs.
The lower unit is a fully remodeled 4-bedroom residence featuring a state-of-the-art kitchen and private backyard, providing a single-family home feel with the benefit of immediate rental income from the upper unit.
The upper unit is currently rented at $3,350/month, which may be significantly below market value for the area, potentially limiting immediate cash flow or requiring tenant negotiations for redevelopment.
Originally built in 1935, the property may have aging core systems or structural components typical of its era that require ongoing maintenance or costly upgrades not addressed in the recent unit remodel.
Sophisticated owner-user duplex offering nearly 3,500 sq ft of living space on a nearly 6,000 sq ft lot in the heart of walkable Pico-Robertson. The fully remodeled lower unit is a true 4-bedroom, 2.5 bath residence that feels like a single-family home, featuring an open floor plan with a state-of-the-art kitchen flowing into living and dining areas accented by beautiful custom wood built-ins, in-unit laundry, surround sound, and exclusive private backyard plus garage access (formerly leased at $7,000/month). The bright upper unit is a 2-bedroom, 2-bath currently rented at $3,350/month. Two attached 2-car garages (one partially converted to a rec room) offer covered parking and the potential to convert into one extra-large ADU or two ADUs. Zoned R3 with TOC Tier 2 and TCAC Highest Resource designation, the property enjoys a 60% density bonus plus parking and FAR incentives in exchange for a modest affordable set-aside, with the Highest Resource status further strengthening eligibility for tax-credit and other financing tools. Ideal location steps from Pico Boulevard's shops, restaurants, and daily conveniencescombining turnkey luxury living, solid current income, and meaningful development upside.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 3,466 | 1,664.159 |
| Lot Size | 5,973 | 6,066.556 |
| Price | $2.30M | $1.35M |
| Price per sq ft | $663 | $806 |
| Built year | 1935 | 1939 |
| HOA | $0 | $278 |
| Days on market | 33 | 55 |
Aug 7, 2026
$2,299,000
Initial Listing
Aug 22, 2017
$1,699,000
Public Record