1229 S Indiana, Los Angeles, California 90023, Los Angeles, 90023 - bed, bath
ACTIVE$559,000
1229 S Indiana, Los Angeles, California 90023
0Bed
0Bath
1,128Sqft
4,835Lot
Year Built
1927
Close
-
List price
$559K
Original List price
$559K
Price/Sqft
$496
HOA
-
Days on market
-
Sold On
-
MLS number
WS25242496
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $559.0K(15th), sqft - 1128(23th), beds - undefined(50th), baths - undefined(50th).
Great investment opportunity in East Los Angeles! Two upgraded units on one lot. Front unit 2 bed/1 bath, back unit 1 bed/1 bath. Long driveway fits up to 6 cars plus detached garage currently used for storage. LAR2 zoning offers future development possibilities. Convenient location near Downtown LA, Boyle Heights, and major freeways.
Price History
Date
Event
Price
10/22/25
Listing
$559,000
03/22/24
Sold
$350,000
Condition Rating
Fair
Built in 1927, this property has received some cosmetic 'upgrades' as described, evident in the newer laminate flooring, basic white kitchen cabinets, and laminate countertops. However, the visible appliances (stoves, refrigerators) are older models, and light fixtures are very basic. While functional and maintained, the property shows its age, and the updates are not extensive or modern enough to qualify as 'good'. It requires further updates, particularly in appliances and potentially bathrooms (not pictured), to enhance its overall appeal and meet current standards.
Pros & Cons
Pros
Income-Generating Duplex: The property features two upgraded units (2 bed/1 bath and 1 bed/1 bath) on one lot, providing immediate rental income potential for investors.
Development Potential: Benefiting from LAR2 zoning, the property offers significant future development possibilities, allowing for expansion or additional units.
Strategic Location: Its convenient location near Downtown LA, Boyle Heights, and major freeways enhances tenant appeal and potential for appreciation.
Ample Parking & Storage: A long driveway accommodating up to 6 cars plus a detached garage (currently for storage) is a valuable asset in a dense urban area like Los Angeles.
Upgraded Units: The description notes 'two upgraded units,' suggesting reduced immediate renovation costs and a more attractive offering for potential tenants.
Cons
Property Age: Built in 1927, the property's age may lead to potential hidden maintenance issues or require significant updates to plumbing, electrical, or structural components over time.
Compact Unit Sizes: With a total of 1128 sqft for two units, the individual living spaces are relatively small, which could limit rental rates or appeal to tenants seeking more spacious accommodations.
Significant Price Appreciation: The current list price of $559,000 represents a substantial increase from its recent sale price of $350,000, necessitating thorough due diligence to justify the current valuation and recent upgrades.