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233 W 65th Street, Los Angeles, California 90003, Los Angeles, 90003 - 5 bed, 2 bath

233 W 65th Street, Los Angeles, California 90003 home-pic-0
ACTIVE$699,900
233 W 65th Street, Los Angeles, California 90003
5Beds
2Baths
1,481Sqft
5,096Lot
Year Built
1905
Close
-
List price
$700K
Original List price
$800K
Price/Sqft
$473
HOA
-
Days on market
-
Sold On
-
MLS number
PW25136727
Home ConditionFair
Features
Patio
ViewCity Lights,Neighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $699.9K(40th), sqft - 1481(26th), beds - 5(83th), baths - 2(74th).

Welcome to 233 W 65th St, a versatile duplex investment opportunity located in a great Los Angeles neighborhood. The property features two main units a spacious front unit offering 3 bedrooms and 1 bathroom, and a well-sized rear unit with 2 bedrooms and 1 bathroom — both in fair, livable condition with potential for value-add updates. In addition, there is a permitted studio unit with its own bathroom situated on the left-hand side of the rear structure, providing an excellent opportunity for supplemental income or extended family living. Whether you're an investor looking for strong rental potential or an owner-user seeking multigenerational flexibility, this property delivers multiple income streams and long-term upside in a solid, established community.

Price History

Date
Event
Price
08/13/25
Price Change
$699,900
06/19/25
Listing
$799,900
01/13/17
Sold
$400,000
08/03/10
Sold
$184,001
01/11/07
Sold
$625,000
06/07/06
Sold
$325,000
04/15/04
Sold
$230,000
04/10/02
Sold
$125,000
Condition Rating
Fair
Built in 1905, the property is very old. While described as 'fair, livable condition,' images show significant wear and outdated features. The kitchen has some newer elements like a stainless steel refrigerator and backsplash, but the cabinets are worn, flooring is scuffed, and wall textures are dated. Bedroom flooring is heavily worn, and the exterior shows an old window AC unit, indicating a lack of central cooling. It's functional but requires substantial cosmetic and system updates.
Pros & Cons

Pros

Income Potential: The property offers robust income potential with a duplex configuration (3-bed/1-bath and 2-bed/1-bath units) plus an additional permitted studio, providing three distinct rental opportunities.
Equity Growth Potential: Described as being in 'fair, livable condition with potential for value-add updates,' this property presents a clear opportunity for investors to increase equity and rental income through strategic renovations.
Desirable Location: Located in a 'great Los Angeles neighborhood,' the property benefits from a strong rental market, high demand, and potential for long-term appreciation in a major metropolitan area.
Attractive Pricing: A recent price reduction from $799,900 to $699,900 indicates a motivated seller and offers a more attractive entry point for potential buyers.
Broad Appeal: The property's multi-unit setup caters to both real estate investors seeking strong rental returns and owner-users desiring multi-generational living or supplemental income, broadening its market appeal.

Cons

Property Age & Maintenance: Built in 1905, the property's age suggests a higher likelihood of needing significant capital expenditures for major system replacements (e.g., plumbing, electrical, HVAC, roof) and ongoing maintenance.
Condition & Renovation Needs: While livable, the 'fair' condition implies that substantial updates and renovations are necessary to maximize rental income, modernize the units, and enhance tenant appeal, requiring additional upfront investment.
Functional Layout: With only two bathrooms for five bedrooms across the two main units (one bathroom per unit), the property has a low bathroom-to-bedroom ratio, which could be a functional drawback for larger families or multiple tenants.

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