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127 129 S Townsend, Los Angeles, California 90063, Los Angeles, 90063 - bed, bath

127 129 S Townsend, Los Angeles, California 90063 home-pic-0
ACTIVE$910,000
127 129 S Townsend, Los Angeles, California 90063
0Bed
0Bath
2,382Sqft
6,777Lot
Year Built
1940
Close
-
List price
$910K
Original List price
$910K
Price/Sqft
$382
HOA
-
Days on market
-
Sold On
-
MLS number
DW25254780
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $910.0K(80th), sqft - 2382(76th), beds - undefined(50th), baths - undefined(50th).

INVESTMENT OPPORTUNITY! Exceptional LCR2 ZONED Duplex located in a high-demand East Los Angeles corridor near DTLA. This substantial 2,382 square foot income property sits on an oversized 6,775 square foot lot, maximizing land value. IMMEDIATE CASH FLOW is secured by the rear 4BR/2BA unit which is currently tenant-occupied. SIGNIFICANT VALUE-ADD POTENTIAL exists with the front 3BR/2BA unit, which is VACANT and rent-ready for immediate lease-up at market rates. This is a rare chance to acquire significant square footage and land in a rapidly appreciating market. Showings are strictly by appointment only. DO NOT DISTURB OCCUPANTS. Property sold AS-IS.

Price History

Date
Event
Price
11/05/25
Listing
$910,000
Condition Rating
Fair
Built in 1940, this property is significantly aged. While the exterior appears maintained and one unit is described as 'rent-ready,' there are no interior images to assess the condition of kitchens, bathrooms, appliances, or other critical systems. The 'AS-IS' sale suggests potential for deferred maintenance or outdated components. It likely requires minor updates or repairs to meet current standards, particularly in the kitchens and bathrooms, which are presumed to be functional but outdated given the property's age and lack of explicit renovation details.
Pros & Cons

Pros

LCR2 Zoning & Development Potential: The property boasts LCR2 zoning, indicating significant potential for higher density development or future expansion, maximizing land value in a high-demand area.
Immediate Value-Add Opportunity: The front 3BR/2BA unit is vacant and rent-ready, allowing for immediate lease-up at market rates and a quick increase in rental income.
Oversized Lot & Substantial Square Footage: Sitting on an oversized 6,775 sq ft lot with a substantial 2,382 sq ft duplex, the property offers ample space and maximizes land utility.
Prime Investment & Income Property: Designed as an income property, it offers immediate cash flow from the tenant-occupied rear unit and is positioned as an excellent investment opportunity in a rapidly appreciating market.
High-Demand Location: Located in a high-demand East Los Angeles corridor near Downtown LA, benefiting from strong rental demand and market appreciation.

Cons

As-Is Condition: The property is sold 'AS-IS,' suggesting potential for required repairs, upgrades, or deferred maintenance that a buyer would need to address.
Age of Property: Built in 1940, the property may have older systems, infrastructure, and finishes that could require significant capital expenditure for modernization or maintenance.
Occupant Disturbance Restrictions: Strict instructions not to disturb occupants may limit access for thorough inspections or appraisals of the tenant-occupied unit, potentially complicating due diligence.

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