946 S Vancouver Avenue, Los Angeles, California 90022, Los Angeles, 90022 - 3 bed, 1 bath

946 S Vancouver Avenue, Los Angeles, California 90022 home-pic-0

946 S Vancouver Avenue

Los Angeles, California 90022

ACTIVE
CONDITION: FAIR
3Beds
1Baths
880Sq Ft
5,076Lot Size

Property Price

LIST PRICE$685,000
EST. MARKET VALUE
$651,500
5% AboveMARKET VALUE

SUMMARY

Estimated Market Value

$651,500
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
946 S Vancouver Avenue
Subject
$685,000*
List Price
31880$740-
A
573 Belden Avenue
Sold
$640,00022884$7240.6 mi
B
1357 Amalia Avenue
Sold
$640,00021971$6590.5 mi
C
1127 S Mcdonnell Avenue
Sold
$610,00021800$7630.5 mi
D
1343 S La Verne Avenue
Sold
$560,00021840$6670.5 mi
E
947 S Arizona Avenue
Active
$585,000
List Price
31930$6290.5 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1923, the property is functional and currently income-producing but shows significant signs of age. The kitchen and bathrooms feature dated cabinetry, older appliances, and basic fixtures. While the flooring has been updated to laminate/vinyl, the overall aesthetic and systems are outdated, and the listing suggests a need for modernization and potential legalization of the rear ADU structure.

PROSSTRENGTHS & OPPORTUNITIES

  • Immediate Rental Income

    The property features a tenant-occupied front home with reliable, long-term residents, ensuring immediate cash flow for investors from the date of purchase.

  • Development Potential

    Zoned for multiple units on a 5,076 sqft lot, the property offers significant upside for expansion or the construction of additional units to maximize density and value.

  • Owner-User Flexibility

    With a vacant 1-bedroom ADU in the rear, the property is ideal for an owner-occupant looking to live on-site while the front unit's rent helps offset mortgage costs.

CONSRISKS & DEFICIENCIES

  • Deferred Maintenance Risk

    Built in 1923, this century-old property may require substantial capital expenditures for structural repairs or system upgrades to meet modern building standards.

  • Compliance Uncertainty

    The legality and permitting of the rear ADU have not been verified by the seller, placing the burden and potential cost of legalization or city compliance on the buyer.

About 946 S Vancouver Avenue

An outstanding opportunity to own an income-producing property with future development potential in the heart of Los Angeles. 946 S Vancouver Ave features a 3-bedroom, 1-bathroom front home, currently tenant-occupied with long-term tenants who have been paying consistently and reliably. The property is being sold with the front tenants in place, providing immediate rental income from day one. In the rear, you’ll find a 1-bedroom, 1-bathroom ADU, currently vacant — offering the exciting possibility for an owner to move in while collecting rent from the front home. There is also a bonus storage room, providing additional flexibility and utility. With recent California ADU code updates, this property may present an excellent opportunity to explore further enhancements or potential legalization improvements for the rear structure — buyer to independently verify with the City of Los Angeles. Seller has not conducted investigations regarding city requirements. The true beauty of this property lies in its zoning, which allows for multiple units (buyer to verify with the city). What a dream to own a property that generates rental income now and offers the potential to expand and build additional units in the future.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1923
Lot Size
5,076 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
1 (1 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.02.0
56%
Baths1.01.0
50%
Square foot880917
40%
Lot Size5,0765,088
48%
Price$685.0K$645.0K
72%
Price per sq ft$778$633
80%
Built year19231924
24%
HOA$0$0
50%
Days on market10151
8%

Pricing History

Listed for Sale

Feb 24, 2026

$685,000

Initial Listing

Sold

Jun 21, 2018

$480,000

Public Record

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