924 Euclid, Los Angeles, California 90023 home-pic-0

924 Euclid, Los Angeles, California 90023 home-pic-1

924 Euclid, Los Angeles, California 90023 home-pic-2

ACTIVE$875,000$1,716/sqft

924 Euclid, Los Angeles, California 90023

0Bed

0Bath

1,716Sqft

5,494Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:

Shovel-Ready Development Opportunity: Ready-To-Issue (RTI) plans for two detached ADUs significantly reduce entitlement risk and development timelines, offering a clear path to increased density.

Top Cons:

As-Is Sale Condition: The property is sold in 'as-is' condition, potentially requiring the buyer to invest in repairs or upgrades for the existing duplex.

Compared to the nearby listings

Price:$875.0K vs avg $620.0K (+$255,000)92%

Size:1,716 sqft vs avg 1,702 sqft54%

Price/sqft:$510 vs avg $37369%

More Insights

Built in 1908 (118 years old).

Condition: Built in 1908 and sold 'as-is,' this property shows significant signs of age and deferred maintenance. The listing emphasizes its 'value-add opportunity' through new ADU construction, rather than the condition of the existing duplex. While currently income-producing, the exterior appears unkempt, and the limited interior view suggests very outdated features, likely including the kitchen and bathrooms. Substantial repairs and rehabilitation are required for the existing structure, aligning with a 'poor' condition, with its primary value being the land and redevelopment potential.

Year Built

1908

List price

$875K

Original List price

$875K

Price/Sqft

$510

HOA

Days on market

Sold On

MLS number

MB26012209

Home ConditionPoor

Features

View-

About this home

Rare RTI value-add opportunity at 924 South Euclid Avenue. The property is currently improved with an existing income-producing duplex with tenants in place, allowing for immediate in-place cash flow while executing an approved expansion strategy. The offering includes Ready-To-Issue (RTI) plans for two identical, detached ADUs, plus an approved permit for demolition of the existing garage. All plans are approved under the 2022 California Building Codes, with permits ready to be pulled, significantly reducing entitlement risk and development timeline. Each ADU is designed with 2 bedrooms, 2 bathrooms, full kitchen, in-unit laundry, and dedicated closet space, and each unit carries its own independent ½ address per approved plans. Identical layouts support construction efficiency, cost control, and operational consistency. This is a clear path to increasing density and long-term asset value while preserving existing rental income—ideal for small-scale multifamily developers, builders, or owner-operators seeking a shovel-ready project. Full approved building plans available upon submission of an offer. Buyer to independently verify all plans, permits, zoning, square footage, addressing, tenant information, and final permit issuance fees with the local Department of Building and Safety. Property sold as-is.

CARLOS SANDOVAL

Listing Agent

Condition Rating

Poor

Built in 1908 and sold 'as-is,' this property shows significant signs of age and deferred maintenance. The listing emphasizes its 'value-add opportunity' through new ADU construction, rather than the condition of the existing duplex. While currently income-producing, the exterior appears unkempt, and the limited interior view suggests very outdated features, likely including the kitchen and bathrooms. Substantial repairs and rehabilitation are required for the existing structure, aligning with a 'poor' condition, with its primary value being the land and redevelopment potential.

Pros & Cons

Pros

Shovel-Ready Development Opportunity: Ready-To-Issue (RTI) plans for two detached ADUs significantly reduce entitlement risk and development timelines, offering a clear path to increased density.

Immediate Cash Flow: The existing income-producing duplex with tenants in place provides instant rental income, offsetting holding costs during the expansion phase.

Strategic Value-Add Potential: Approved plans for two well-designed 2-bed/2-bath ADUs with independent addresses offer substantial long-term asset value growth and increased rental income.

Modern Code Compliance: All expansion plans are approved under the 2022 California Building Codes, ensuring up-to-date standards and minimizing future regulatory issues.

Efficient Construction Design: Identical layouts for the proposed ADUs support construction efficiency, cost control, and operational consistency, streamlining the development process.

Cons