$1,149,000
$50K PRICE DROP

Estimated payment $6,853/month

Total Views 1,907
4 Beds
3 Baths
2,277 Sq Ft
$505 Price per Sq Ft

Highlights

  • Spanish Architecture
  • Tankless Water Heater
  • Central Heating
  • Built-In Features
  • 1-Story Property

About This Home

Exceptional opportunity to acquire a beautifully remodeled and fully stabilized Spanish-style duplex with plans to build up to two additional units. Situated on a quiet street in desirable Park Hills Heights, this property offers convenient access to LAX, Downtown LA, and the local beaches. The first unit is a spacious 2-bedroom, 1-bathroom residence encompassing approximately 1,177 square feet. It features a well-designed floor plan with a large living room, formal dining area, full kitchen, and two generously sized bedrooms with walk-in closets. Recent upgrades include dual-pane windows, new flooring throughout, custom kitchen cabinetry with Corian countertops, a fully remodeled bathroom, washer/dryer hookup and fresh interior paint. The primary bedroom provides direct access to the backyard. The second unit is a recently renovated 2-bedroom, 2-bathroom unit with approximately 1,100 square feet. This unit showcases an open-concept layout, new dual-pane windows, solid wood kitchen cabinetry with Corian countertops, new flooring throughout, two upgraded bathrooms, and updated interior paint. A rare blend of turn-key condition, upside development potential, and a prime location make this an outstanding investment opportunity. Live in one and rent the other or add units to maximize long-term value.

Listing Agent

Marv Peters

Park Hills Heights Realty Group License #01752154 Listed on: 08/01/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,773

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • 6,681 Sq Ft Lot
  • Lot Dimensions are 50x134

Home Design

  • Duplex
  • Spanish Architecture

Interior Spaces

  • 2,277 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Alarm System

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in unit
  • Washer

Parking

  • 3 Parking Spaces
  • Driveway

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Floor Furnace
  • Tankless Water Heater
  • Gas Water Heater

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4004-006-013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,773

Year Built

Built in 1923 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Levels: One
  • Street Number Display: Yes
  • Alley: No
  • Living Area: 2277
  • Lot Acreage: 0.1534
  • Lot Dimensions: 50x134
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Year Built: 1923
  • Number Of Photos: 53
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Mixed
  • Bedrooms: 4
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Total Bathrooms: 3.00
  • Equipment: Alarm System, Built-Ins, Dishwasher, Garbage Disposal, Freezer, Gas Dryer Hookup, Hood Fan, Ice Maker, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 504.61

Exterior Features

  • Other Structures: None
  • Paved: Yes
  • View: No

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 3

Utilities

  • Water Heater: Gas, Tankless
  • Cooling: Wall/Window
  • Heating: Central, Floor Furnace
  • Water Expense: 1800.00
  • Water Heaters: Yes

Fee Information

  • Insurance Expense: 2500.00
  • Maintenance Expense: 1000.00
  • Trash Expense: 1500.00

Lot Info

  • Assessed Improvement Percent: 60.00
  • Assessed Improvement Value: 418317
  • Assessed Land Percent: 40
  • Assessed Land Value: 278877
  • Total Assessed Value: 697194
  • Assessor Parcel Number: 4004-006-013
  • Lot Size Area: 6681

Rental Info

  • Total Actual Rent: 81456.00
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas, Insurance, Water

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.53
  • Number Of Units: 2
  • Rent Control: 100
  • Total Annual Expense: 14400
  • Type Of Units: Duplex
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 7000.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,773 $711,137 $284,454 $426,683
2024 $8,773 $697,194 $278,877 $418,317
2023 $8,611 $683,524 $273,409 $410,115
2022 $8,221 $670,123 $268,049 $402,074
2021 $8,111 $656,985 $262,794 $394,191
2019 $7,874 $637,500 $255,000 $382,500
2018 $7,756 $625,000 $250,000 $375,000
2017 $1,136 $71,609 $34,610 $36,999
2016 $1,084 $70,206 $33,932 $36,274
2015 $1,071 $69,153 $33,423 $35,730
2014 $1,092 $67,800 $32,769 $35,031
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 Price Changed $1,149,000 -4.2% $505 / Sq Ft
08/01/2025 08/01/25 For Sale $1,199,000 0.0% $527 / Sq Ft
11/28/2022 11/28/22 Rented $2,900 0.0% --
10/11/2022 10/11/22 Price Changed $2,900 -7.9% $2 / Sq Ft
09/28/2022 09/28/22 For Rent $3,150 0.0% --
12/08/2017 12/08/17 Sold $625,000 -3.8% $274 / Sq Ft
10/28/2017 10/28/17 Pending -- -- --
10/11/2017 10/11/17 For Sale $650,000 -- $285 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $625,000 Old Republic Title Company
Interfamily Deed Transfer -- Old Republic Title Company
Interfamily Deed Transfer -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $750,000 New Conventional
Closed $490,000 New Conventional
Closed $500,000 New Conventional
Previous Owner $150,000 Unknown
Previous Owner $100,000 Credit Line Revolving
Previous Owner $52,800 Unknown
Previous Owner $50,000 No Value Available
Source: Public Records

Source: The MLS

MLS Number: 25550555

The MLS

APN: 4004-006-013