931 New Depot 1 & 2, Los Angeles, California 90012, Los Angeles, 90012 - 4 bed, 2 bath
Loading property details...
931 New Depot 1 & 2
Los Angeles, California 90012
ACTIVE
CONDITION: GOOD
4Beds
2Baths
1,732Sq Ft
53,323Lot Size
Property Price
LIST PRICE$498,000
SUMMARY
Analysis of 931 New Depot 1 & 2, Los Angeles, California 90012 is currently available with a list price of $498,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property features recent interior renovations in both units, including new quartz countertops, shaker cabinets, and vinyl flooring. While the building dates to 1976 and retains some dated elements like popcorn ceilings and older shower tile, the kitchens and systems like Central Air are updated and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Unit Income Potential
The property features two fully remodeled 2-bedroom units, offering excellent versatility for multi-generational living or significant rental income potential in a high-demand urban market.
- Modern Interior Upgrades
Both units boast high-quality renovations including quartz countertops, newer appliances, hardwood-look vinyl flooring, and essential modern comforts like central air and in-unit laundry.
- Prime Location and Views
Situated near Echo Park and Chinatown, the property offers panoramic downtown views and exceptional proximity to major cultural landmarks, Dodger Stadium, and trendy dining.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1732, other record living area = 1169. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Low School Ratings
The assigned public middle and high schools have relatively low ratings (3/10), which may be a concern for families prioritizing local educational performance.
- Condominium Ownership Structure
Classified as a condominium rather than a traditional fee-simple duplex, the property includes a $371 monthly HOA fee and shared community restrictions that add to carrying costs.
About 931 New Depot 1 & 2
This fabulous spacious airy Duplex(!) checks off everything on your Wish List. Take a good long look at the photos and fall in love! Unit #1 is a Remodeled mid-level 2-Bedroom +1 Full Bath with newer kitchen appliances, quartz countertops and cabinets, double-pane windows and living room sliding doors, and gorgeous hardwood- look easy care vinyl flooring throughout. Unit #2 is a similarly large sunny Remodeled top floor 2-Bedroom +1 Full Bath with panoramic Downtown Views from the sweet balcony. Central Air, check! Corner end units maximizing natural light and fresh air, and minimizing shared walls? Check! Hard floors only and no carpeting in sight? Check! In-unit washer/dryer for each unit, check! Gated garage parking space one for each unit, check! Low HOA fees? Check! Pet Friendly for cats and smaller dogs? Check! Near to culture in Downtown LA, dim sum in Chinatown, swan boats at Echo Park Lake, go blue at Dodger Stadium, hikes in Los Angeles State Historic Park, and just down the street a coffee and eateries with courtyard seating, a great Italian deli, and weekend hipster vintage shopping and eats at the rooftop "Los Feliz Flea" market? Check, check, check! Your search is over. This is the one!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1976
- Lot Size
- 53,323 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $371.0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Castelar Street Elementary School
Grades K-5 • 0.3 mi
6/10
Betty Plasencia Elementary School
Grades K-6 • 0.6 mi
4/10
Solano Avenue Elementary School
Grades K-6 • 1.0 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,732 | 1,219.385 |
| Lot Size | 53,323 | 27,236.074 |
| Price | $498.0K | $800.2K |
| Price per sq ft | $288 | $650 |
| Built year | 1976 | 1979 |
| HOA | $371.0 | $685 |
| Days on market | 12 | 72 |
Pricing History
Listed for Sale
Aug 28, 2026
$498,000
Initial Listing
Sold
May 8, 2001
$112,000
Public Record