
Los Angeles, California 90011
This Dual-Unit Income Property is listed at $615,000, reflecting price stability near its $600,636 Fair Market Value. Currently in Poor Condition Rating, this 1908-built asset comprises Two Detached Units on a 4,587 Sqft Lot, providing immediate rental diversification and DSCR Loan Compatibility for savvy investors. Located in the Los Angeles Unified district near Aurora Elementary and Los Angeles Academy Middle, the property offers substantial upside through modernization and rent optimization in a high-demand area. This "as-is" acquisition represents a strategic entry for Buy-and-Hold Investors or Value-Add Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 904 E 52nd Subject | $615,000* List Price | 2 | 2 | 1,542 | $390 | - |
A 5125 Avenue Woodlawn Sold | $600,000 | 0 | 0 | 1,608 | $373 | 0.8 mi |
B 1132 E 53rd Street Active | $699,000 List Price | 0 | 0 | 1,520 | $460 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1908, this property is explicitly marketed as an 'Investor Opportunity' for 'renovations' and 'future development,' and is being 'Sold as-is.' The property analysis highlights its 'Advanced Age' and the need for 'substantial capital investment for modernization.' While the exterior appears to have some basic upkeep, the presence of a window AC unit suggests outdated systems. Without interior photos, and given the 'as-is' sale and age, it's highly probable that major components, including kitchens and bathrooms, require substantial repairs and rehabilitation, aligning with a 'poor' condition.
Features two detached units (2B/1B and 1B/1B with garage), providing diversified rental income and explicitly marketed as an 'Investor Opportunity' and 'Residential Income' type.
Offers strong potential for rent optimization, renovations, and future development, appealing to value-add investors looking to increase property value and cash flow.
Ideal for investors utilizing DSCR loan programs, which simplify financing by focusing on the property's cash flow rather than personal income.
The property is sold in 'as-is' condition, meaning the buyer assumes full responsibility for any necessary repairs, upgrades, or deferred maintenance, which could entail significant additional costs.
Currently tenant-occupied with a 'do not disturb tenants' directive, which can complicate showings, due diligence, and delay immediate owner-occupancy or renovation plans.
Built in 1908, the property is over a century old, indicating potential for outdated systems (plumbing, electrical), structural issues, and higher maintenance costs, requiring substantial capital investment for modernization.
Investor Opportunity | Two Detached Units | DSCR-Friendly Excellent opportunity for buy-and-hold investors or value-add developers to acquire a tenant-occupied property with two detached units on one parcel in Los Angeles. The front unit features 2 bedrooms and 1 bathroom, while the rear unit offers 1 bedroom, 1 bathroom, and an attached single-car garage, allowing for diversified rental income and long-term upside. This property may be ideal for investors utilizing DSCR loan programs, which are typically based on property cash flow rather than personal income (no tax returns required—buyer to verify with lender). Offers strong upside potential through rent optimization, renovations, or future development (buyer to verify zoning, lot size, and building potential with appropriate agencies). Tenant occupied. Sold as-is. Please do not disturb tenants.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 0.0 | 67% |
| Baths | 2.0 | 0.0 | 67% |
| Square foot | 1,542 | 1,974 | 21% |
| Lot Size | 4,587 | 5,288 | 21% |
| Price | $615.0K | $745.0K | 30% |
| Price per sq ft | $399 | $387 | 58% |
| Built year | 1908 | 1912 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 83 | 209 | 12% |
Jan 29, 2026
$615,000
Initial Listing
Oct 22, 2019
$445,000
Public Record