933 S La Verne Avenue, East Los Angeles, California 90022, East Los Angeles, 90022 - 2 bed, 2 bath

933 S La Verne Avenue, East Los Angeles, California 90022 home-pic-0
ACTIVE$875,000
933 S La Verne Avenue, East Los Angeles, California 90022
2Beds
2Baths
1,507Sqft
4,192Lot
Year Built
1962
Close
-
List price
$875K
Original List price
$875K
Price/Sqft
$581
HOA
-
Days on market
-
Sold On
-
MLS number
PW25207437
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $875.0K(65th), sqft - 1507(12th), beds - 2(71th), baths - 2(71th).

This updated duplex in East Los Angeles presents a unique opportunity with its two distinct living spaces. The front house features two bedrooms, one bathroom, and indoor laundry facilities. The second house includes one bedroom, one bathroom, a living room, and a dining room, with the potential to convert into a two-bedroom home. It also offers an outdoor laundry area. The property is well-equipped with ample parking, including a one-car garage with an attached storage room and a driveway accommodating multiple vehicles. There is potential for expansion, with opportunities to add an additional unit or an Accessory Dwelling Unit (ADU). Situated in a convenient location, the property provides easy access to shopping, dining, entertainment, major highways, and public transportation. This property is ideal for investors looking to generate rental income or buyers interested in a multi-generational living arrangement in one of Los Angeles's most vibrant communities.The adjacent property at 937 La Verne may offer further investment potential. Both properties zoned R3.

Price History

Date
Event
Price
09/09/25
Listing
$875,000
Condition Rating
Fair

The property, built in 1962, has received updates, but these are not recent or extensive enough to qualify for a 'Good' rating. The kitchen features traditional wood cabinets, granite countertops, and tiled flooring that appear dated, likely from a renovation 15-30 years ago. Some areas show older linoleum flooring and dated light fixtures/ceiling fans, while others have newer laminate flooring and recessed lighting. The property is functional and appears well-maintained, but key components show signs of being outdated and would benefit from minor aesthetic updates.
Pros & Cons

Pros

Income Potential: As an updated duplex, the property offers immediate rental income generation or flexible multi-generational living arrangements, appealing to both investors and owner-occupants.
Development Opportunity: Zoned R3 with explicit potential for adding an additional unit or an Accessory Dwelling Unit (ADU), offering substantial future value appreciation and increased income streams.
Ample Parking & Garage: The property boasts ample parking, including a one-car garage with storage and a driveway for multiple vehicles, a highly valuable asset in the Los Angeles area.
Versatile Living Spaces: Comprising two distinct units (2-bed/1-bath and a flexible 1-bed/1-bath with 2nd bedroom potential), it accommodates diverse tenant needs or multi-family living.
Strategic Location: Situated in East Los Angeles with easy access to major highways, public transportation, shopping, dining, and entertainment, enhancing its desirability and tenant appeal.

Cons

Property Age & Potential Maintenance: Built in 1962, the property, despite being 'updated,' may require ongoing maintenance or future capital expenditures for older systems and infrastructure.
Unit Amenity Deficiency: The second living unit features an outdoor laundry area, which is less convenient and desirable compared to indoor laundry facilities.
Lack of Views: The property does not offer any scenic views, which could be a drawback for buyers prioritizing premium visual amenities.

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