ACTIVE$660,000

933 New Depot Street 6 & 7, Los Angeles, California 90012

0Bed

0Bath

1,732Sqft

53,323Lot

Year Built

1976

List price

$660K

Original List price

$729K

Price/Sqft

$381

HOA

$294

Days on market

Sold On

MLS number

WS25043802

Home ConditionGood

Features

Good View: City Lights

ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $660.0K(58th), sqft - 1732(92th), beds - undefined(8th), baths - undefined(4th).

Great opportunity to own this duplex with low maintenance and potential cash flow! This property is located in the Victor Heights area offering amazing views of the Downtown Skyline. This top and bottom duplex both have 2 bedrooms and 1 bath, with a combined livable space of 1,732sqft. Both units have updated features with laminate flooring, modern paint, updated kitchen cabinets with granite counter tops, and refreshed bathrooms. The open layout provides excellent flow between the living space, giving each unit a comfortable and relaxing vibe. Currently generating market rents offering investors a great return. Each unit has separate electric and gas meters and each have 1 reserved parking spaces inside a gated garage. Bottom unit includes a private laundry area. This turnkey property is conveniently located, near Chinatown, Downtown LA, Silver Lake, and Dodger Stadium!

Nearby schools

6/10

Castelar Street Elementary School

Public,•K-5•0.3mi

4/10

Betty Plasencia Elementary School

Public,•K-6•0.6mi

7/10

Solano Avenue Elementary School

Public,•K-6•1.0mi

3/10

Sal Castro Middle School

Public,•6-8•1.0mi

2/10

Logan Street Elementary School

Public,•K-8•1.1mi

5/10

Florence Nightingale Middle School

Public,•6-8•2.1mi

3/10

Belmont Senior High School

Public,•9-12•1.0mi

5/10

Abraham Lincoln Senior High School

Public,•9-12•2.5mi

Price History

Date

Event

Price

09/12/25

Price Change

$660,000

02/27/25

Listing

$729,000

10/10/18

Sold

$649,000

10/20/17

Sold

$597,000

12/12/00

Sold

$128,000

Condition Rating

Good

Built in 1976, this property has undergone significant cosmetic updates, including laminate flooring, modern paint, updated kitchen cabinets with granite countertops, and refreshed bathrooms, as confirmed by the listing description and images. The kitchen features a newer stainless steel range, and the bathrooms are clean and functional. While some elements like popcorn ceilings and basic light fixtures are not ultra-modern, the property is move-in ready with no immediate renovations required, aligning with the 'Good' condition criteria for properties extensively renovated within the last 5 to 15 years.

Pros & Cons

Pros

Dual Income Duplex: The property consists of two separate 2-bedroom, 1-bath units, offering immediate cash flow and strong investment potential with market rents.

Prime Urban Location: Strategically located in Victor Heights, with excellent proximity to Downtown LA, Chinatown, Silver Lake, and Dodger Stadium, ensuring high rental demand and tenant appeal.

Modernized Interiors: Both units feature recent updates including laminate flooring, modern paint, updated kitchen cabinets with granite countertops, and refreshed bathrooms, minimizing immediate capital expenditure for a new owner.

Desirable City Views: Offers 'amazing views of the Downtown Skyline' and 'City Lights,' enhancing the property's aesthetic appeal and potential rental value.

Independent Utilities & Gated Parking: Each unit benefits from separate electric and gas meters, simplifying tenant billing, and includes a reserved parking space in a secure, gated garage.

Cons

Condominium HOA Fees: Despite being a duplex, the property is a condominium, incurring a monthly association fee of $294, which adds to ongoing operating costs and subjects the property to HOA regulations.

Building Age: Constructed in 1976, the property is approaching 50 years old, which may imply potential for future major system replacements or structural maintenance not covered by routine HOA fees.

Significant Price Reduction: A recent price drop from $729,000 to $660,000 suggests either an initial overvaluation or market resistance, which could impact perceived value or future appreciation trajectory.

About this home

Nearby schools

Price History

Pros

Cons

Best solution for experienced home buyers!

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933 New Depot Street 6 & 7, Los Angeles, California 90012, Los Angeles, 90012 - bed, bath

About this home

Nearby schools

Price History

Pros

Cons

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI