923 S Alma, East Los Angeles, California 90023, East Los Angeles, 90023 - 0 bed, 0 bath
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East Los Angeles, California 90023
This Income-Generating Duplex represents a significant Value-Add Opportunity within a high-demand East Los Angeles submarket. Listed at $599,000, the property is positioned near its $545,052 Fair Market Value, accurately reflecting its current Fixer Condition Rating. The layout features a 3-bedroom front house and a 2-bedroom rear unit located over 3 garages, providing a rare configuration for maximum rental yield. With a 6,237 sqft lot and substantial renovation potential, this probate auction is an ideal acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 923 S Alma Subject | $599,000* List Price | 0 | 0 | 1,545 | $353 | - |
A 1052 S Herbert Pending | $649,000 List Price | 0 | 0 | 1,680 | $386 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1911 and explicitly described as a 'fixer home,' this property requires substantial repairs and rehabilitation. The advanced age indicates that major systems (electrical, plumbing, HVAC) and all cosmetic elements, including kitchens and bathrooms, are likely severely outdated or non-functional and will require extensive replacement and modernization. The exterior images show an aged property consistent with this assessment.
The property features two distinct units (3 bed/1.75 bath front house and 2 bed/0.75 bath rear unit over garages), offering immediate rental income potential or an owner-occupier with supplemental income.
Situated in a 'very popular' East Los Angeles area, indicating strong demand, potential for appreciation, and convenient access to urban amenities and services.
Described as a 'fixer home,' it presents a substantial opportunity for a buyer to renovate and modernize, thereby significantly increasing its market value and equity.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6237, other record lot size in square feet = 4717. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1545, other record living area = 816.
Explicitly marketed as a 'fixer home,' indicating that substantial investment in repairs, upgrades, and modernization will be necessary to bring it to modern standards.
Built in 1911, the property is over a century old, likely requiring significant updates to major systems (electrical, plumbing, HVAC) and potential structural assessments.
(FRONT HOUSE) – 3 BEDROOM, 1¾ BATH FIXER HOME IN THE VERY POPULAR EAST LOS ANGELES AREA. THE HOUSE FEATURES A LIVING ROOM, DINING AREA & KITCHEN. (REAR BUILDING) – 2 BEDROOM, ¾ BATH UNIT WITH LIVING ROOM & KITCHEN LOCATED OVER 3 GARAGES.
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 | 1,545 | 1,758 | 38% |
| Lot Size | 6,237 | 6,003 | 54% |
| Price | $599.0K | $705.0K | 31% |
| Price per sq ft | $388 | $388 | 50% |
| Built year | 1911 | 1922 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 162 | 180 | 38% |
Nov 11, 2025
$599,000
Initial Listing