954 Geraghty Avenue, Los Angeles, California 90063, Los Angeles, 90063 - 4 bed, 3 bath
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Los Angeles, California 90063
This Value-Add Multi-Unit Asset is listed at $599,000, positioned near its $572,858 Fair Market Value. Holding a Condition Rating of 5, the property requires a full-scale renovation but offers significant forced appreciation potential through its unpermitted basement unit and Panoramic Downtown LA Views. Strategically located 5 minutes from USC and DTLA, the large lot and dual-unit layout are perfectly suited for high-demand rental strategies or Airbnb. This is a prime acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors seeking a high-upside project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 954 Geraghty Avenue Subject | $599,000* List Price | 4 | 3 | 1,032 | $568 | - |
A 472 N Ezra Street Sold | $625,000 | 4 | 2 | 990 | $631 | 0.7 mi |
B 3319 Blanchard Sold | $470,000 | 2 | 1 | 1,034 | $455 | 0.4 mi |
C 1023 Sentinel Avenue Sold | $500,000 | 2 | 1 | 980 | $510 | 0.7 mi |
D 3852 Woolwine Drive Sold | $650,000 | 3 | 1 | 1,005 | $647 | 0.5 mi |
E 1563 Mcgilvrey Sold | $615,000 | 3 | 2 | 1,284 | $479 | 0.9 mi |
F 3226 City Terrace Drive Active | $583,000 List Price | 2 | 1 | 1,160 | $503 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1928 and sold 'As Is Condition' with an 'unpermitted unit,' this property requires substantial repairs and rehabilitation. While tenant-occupied, the kitchen and bathrooms feature dated finishes (dark wood cabinets, basic countertops, older appliances, brown-toned tiles) that appear to be from a renovation 15-30 years ago, not meeting current standards. The age of the property strongly suggests major systems (electrical, plumbing, HVAC) are likely at or past their expected lifespan and will require significant investment. The unpermitted unit also presents a substantial legal and potential structural/safety defect that needs resolution.
Explicitly marketed as a 'GREAT INVESTMENT OPPORTUNITY BELOW MARKET VALUE' with potential for 'substantial rental income' due to high demand for rentals and Airbnb in a rapidly growing neighborhood.
Strategically located just 5 minutes from Downtown Los Angeles, USC University, major landmarks, and colleges, with easy access to the 60 and 710 freeways, enhancing its appeal to renters.
Features a main house (3 bed, 2 bath) and an additional 1 bed, 1 bath unit in the basement, offering versatile options for rental strategies, multi-generational living, or maximizing income.
The property includes an 'Extra unpermitted unit' in the basement, which poses legal risks, potential fines, and may require costly legalization or demolition by the buyer.
The property is sold 'As Is Condition,' indicating that the buyer will be responsible for any necessary repairs, renovations, or deferred maintenance, adding to the initial investment.
Sold with 'Tenants in Place' and the possibility of 'CASH FOR KEYS' to be handled by the buyer after close of escrow, which could delay occupancy, renovation, or incur additional costs and complexities.
ALL INVESTORS!! GREAT INVESTMENT OPPORTUNITY BELOW MARKET VALUE . Panoramic views of Downtown Los Angeles , Main Home with an Extra unpermitted unit . perfect investment for those looking to generate substantial rental income with Large Lot . 5 min from downtown Los Angeles , USC University and other major landmarks and colleges , easy access to freeway . This property has the Main house 3 BED 2 BATH added unit in the basement 1 bed 1 bath offering flexibility and a range of options Whether you're looking to attract long-term renters or short-term tenants Airbnb, this property is poised to deliver consistent returns. Nice pocket in the area , high demand for rentals and Airbnb. Tenants pay on time and really cooperative. Don't mess on great opportunity and submit your offer ! This Property is Unique and the opportunity will not come again! Take Advantage NowThis is a rare opportunity to own a charming Home with extra unit at the vibrant neighborhood of Los Angeles. Enjoy outdoor living in the private and fully-fenced backyard, perfect for barbecuing and entertaining guest. Conveniently located near the 60 and 710 freeways, this property offers easy access to downtown LA, Pasadena, and the San Gabriel Valley. Don't miss this opportunity in a rapidly growing neighborhood with endless possibilities for rental income or multi-generational living. Property Sold As Is Condition with Tenants in Place . There is A POSIBILITY for CASH FOR KEYS BUT THE BUYER WILL DO AFTER CLOSE OF ESCROW . TENANTS ARE COOPERATIVE. SAME FAMILY OCCUPYING BOTH UNITS .
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,032 | 1,672 |
| Lot Size | 4,546 | 6,067 |
| Price | $599.0K | $1.37M |
| Price per sq ft | $580 | $801 |
| Built year | 1928 | 1939 |
| HOA | $0 | $348 |
| Days on market | 216 | 56 |
Dec 18, 2025
$599,000
Initial Listing
Jun 13, 2013
$175,000
Public Record
May 9, 2013
$125,000
Public Record
Jul 31, 2009
$70,000
Public Record
Nov 17, 2004
$320,000
Public Record
May 15, 2003
$210,000
Public Record