911 New Depot Street 9-10, Los Angeles, California 90012, Los Angeles, 90012 - 5 bed, 2 bath
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Los Angeles, California 90012
Analysis of 911 New Depot Street 9-10, Los Angeles, California 90012 is currently available with a list price of $598,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1975, the property is functional but shows clear signs of age and deferred maintenance. While some areas have updated laminate flooring, the kitchens and bathrooms feature original or highly dated cabinetry, tile countertops, and older appliances. There is visible water staining on the ceiling in at least one room, and the presence of popcorn ceilings, fluorescent box lighting, and worn carpeting indicates the property requires minor to moderate updates and repairs to meet modern standards.
Situated in a desirable hillside community between Downtown LA and Chinatown, the property offers exceptional access to major freeways and trendy neighborhoods like Echo Park and Silver Lake, ensuring high rental demand.
Each unit features separate electric and gas meters along with individual water heaters, significantly simplifying property management and reducing owner-paid utility overhead.
The duplex configuration allows for a flexible 'house hacking' strategy where an owner can live in one unit while renting the other, or maximize returns by leasing both units in a high-growth market.
The $308 monthly association fee adds a recurring overhead cost that may impact the overall capitalization rate and monthly cash flow for pure investors compared to non-HOA multi-family properties.
The property is served by several schools with lower academic ratings, which could potentially limit the appeal for long-term tenants with school-aged children.
Exceptional Duplex Investment Opportunity Near Downtown LA & Chinatown. Own a well located duplex just minutes from the heart of Los Angeles. Live in one and rent the other one or rent both units. Situated in a desirable hillside community between Downtown Los Angeles and Chinatown, this income producing property features two separate units, each offering 2 bedrooms and 1 bathroom, for a total of 4 bedrooms and 2 bathrooms across approximately 1,732 square feet of living space. Each unit has its own private entrance, along with separate electric, gas meters, and water heaters, making property management and utility separation convenient. The property also includes assigned garage parking with laundry hookups, adding everyday practicality for residents. HOA pays for water and trash tenants pay for all utilities. HOA pays for part of the home insurance. Ideally positioned for city living, the property offers quick access to nearby neighborhoods including Echo Park, Silver Lake, and Los Angeles State Historic Park. Commuters will appreciate the easy access to major freeways including the 5, 10, 101, and 110, connecting you to all that Los Angeles has to offer. MUST SEE! $648,000 or TRADE!!!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-6 • 0.6 mi
Grades K-6 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 2.5 | 50% |
| Baths | 2.0 | 1.0 | 50% |
| Square foot | 1,732 | 2,069 | 50% |
| Lot Size | 53,323 | 28,904 | 50% |
| Price | $598.0K | $886.5K | 50% |
| Price per sq ft | $345 | $417 | 50% |
| Built year | 1975 | 1957 | 50% |
| HOA | $308.0 | $154 | 50% |
| Days on market | 48 | 131 | 50% |
Apr 3, 2026
$598,000
$648,000
-8% Price Drop
Initial Listing
Mar 5, 2026
$648,000
Initial Listing
Apr 6, 2022
$560,000
Public Record