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5429 2nd Ave, Los Angeles, California 90043, Los Angeles, 90043 - bed, bath

5429 2nd Ave, Los Angeles, California 90043 home-pic-0
ACTIVE$699,000
5429 2nd Ave, Los Angeles, California 90043
0Bed
0Bath
1,714Sqft
4,923Lot
Year Built
1925
Close
-
List price
$699K
Original List price
$699K
Price/Sqft
$408
HOA
-
Days on market
-
Sold On
-
MLS number
IV25198801
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $699.0K(38th), sqft - 1714(38th), beds - undefined(50th), baths - undefined(50th).

Investor’s Dream in Prime Los Angeles Location! A great opportunity to own a two-story duplex in the heart of Los Angeles with incredible upside potential. This 1,714 sq. ft. multi-family property sits on a generous 4,923 sq. ft. lot and features 4 bedrooms and 2 bathrooms split between two units. Originally built in 1925, the property carries classic charm with room for modern upgrades. What makes this property stand out? It is zoned for up to 4 units, offering investors, developers, or owner-occupiers the chance to expand, renovate, or redevelop to maximize income potential. With its central location, tenants will enjoy easy access to local dining, shopping, transportation, and all that LA has to offer. This property has not been sold since 1983, making it a true value-add opportunity for those ready to bring vision and creativity.

Nearby schools

3/10
Angeles Mesa Elementary School
Public,•K-5•0.2mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•0.4mi
2/10
Yes Academy
Public,•K-5•0.9mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.0mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•1.3mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•1.4mi
1/10
Lane (Warren) Elementary School
Public,•K-6•1.8mi
4/10
Centinela Elementary School
Public,•K-6•1.8mi
3/10
Windsor Hills Math Science
Public,•K-5•2.1mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•0.9mi
1/10
Horace Mann Junior High School
Public,•6-8•1.2mi
2/10
Audubon Middle School
Public,•6-8•1.3mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•3.2mi
2/10
Crozier (George W.) Middle School
Public,•7-8•3.4mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•3.7mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•0.7mi
2/10
Inglewood High School
Public,•9-12•3.0mi
2/10
George Washington Preparatory High School
Public,•9-12•3.9mi
9/10
Middle College High School
Public,•9-12•6.0mi

Price History

Date
Event
Price
09/04/25
Listing
$699,000
Condition Rating
Poor
Built in 1925 and not sold since 1983, this property is significantly outdated. Both kitchens feature very old appliances, cabinets, and countertops, requiring full renovation. Bathrooms are equally dated with old fixtures. Flooring is a mix of worn carpet and old vinyl/linoleum. The presence of a wall-mounted gas heater indicates an old heating system. The property requires substantial repairs and rehabilitation to meet modern living standards, aligning with the 'Poor' condition criteria.
Pros & Cons

Pros

Prime Los Angeles Location: Situated in a central Los Angeles location, offering excellent access to local dining, shopping, transportation, and strong rental demand.
Significant Development Potential: Zoned for up to 4 units, this property offers substantial upside for expansion and maximizing income potential for investors or developers.
Existing Income-Generating Duplex: Currently configured as a two-story duplex, providing immediate rental income and a foundation for future growth.
Generous Lot Size: A spacious 4,923 sq. ft. lot provides ample room for potential expansion, additional units, or desirable outdoor living space.
High Value-Add Opportunity: Having not been sold since 1983, the property is a true value-add opportunity, ripe for modernization and equity appreciation.

Cons

Extensive Renovation Required: The property, built in 1925 and untouched since 1983, requires significant modern upgrades and renovations to unlock its full potential.
Potential for High Capital Outlay: Maximizing the property's value, especially through expansion to 4 units or comprehensive modernization, will necessitate substantial financial investment.
Dated Systems and Infrastructure: Given its 1925 construction, the property likely features older systems (plumbing, electrical, HVAC) that may require costly replacement or extensive repairs.

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