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1140 S Ditman Ave, Los Angeles, CA 90023

Sale Price: $570,000
Jan 2, 20251,433 sqft5 beds2 baths
Listed by: Todd Swanson
License #: 01162260
Phone #: 619-226-3234
Swanson Real Estate
Source:
CRMLS Logo
MLS #: NDP2500032

Property Description

Discover an outstanding investment opportunity in the heart of East Los Angeles featuring two single-family homes nestled on one expansive lot. This multi-family property presents an immediate rental income stream with a currently tenant-occupied back house, while the vacant front residence is ready for your personal touch or rental strategy. With a combined total of five bedrooms and two bathrooms across both homes, this property offers versatile living arrangements and strong rental potential. The front house presents an ideal canvas for value-add improvements, allowing investors to maximize returns through strategic renovations. Located next to the 5 freeway, residents enjoy convenient access to daily essentials and local attractions. Students benefit from proximity to Esteban E. Torres High School, and commuters appreciate the accessibility to public transportation, including nearby bus stations and the Cal State LA Station. This dual-residence property represents an excellent opportunity for investors seeking to expand their portfolio or homeowners looking to offset their mortgage with rental income. The combination of existing cash flow from the back house and the potential to add value through renovations to the front residence makes this an attractive investment opportunity. Don't miss this chance to own a property with multiple income streams and significant upside potential.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$7,836

TurboHome Estimated Value

$536,200

$374 sqft

High Valuation
$563,010
$393/sqft
Normal Valuation
$536,200
$374/sqft
Low Valuation
$509,390
$355/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$374/sqft$536,200

Neighborhood

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Comparative Value

$550K

$570K

$720K

1140 S Ditman Ave, Los Angeles, CA 90023

List Price: $550,000

Subject Property

1140 S Ditman Ave, Los Angeles, CA 90023

Sale Price: $570,000

Selected Comparable

203 S Rowan Ave, Los Angeles, CA 90063

Sale Price: $720,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1140 S Ditman Ave, Los Angeles, CA 90023

1140 S Ditman Ave, Los Angeles, CA 90023

List: $550,000

Listed: 1/2/2025

Area:1,433 sqft
Price/sqft:$384
Beds:5
Baths:2
Year Built:
Lot Size:5,431

Comparable Properties

COMPARABLE
Choose comps
1140 S Ditman Ave, Los Angeles, CA 90023

1140 S Ditman Ave, Los Angeles, CA 90023

Sale: $570,000

4/9/20250.00 mi

Area:1,433 sqft
Price/sqft:$398
Beds:5
Baths:2
Year Built:
Weight:59.9%
203 S Rowan Ave, Los Angeles, CA 90063

203 S Rowan Ave, Los Angeles, CA 90063

Sale: $720,000

1/30/20251.02 mi

Area:1,988 sqft
Price/sqft:$362
Beds:5
Baths:2
Year Built:
Weight:40.1%

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