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1639 E 90th St, Los Angeles, CA 90002

Sale Price: $840,000
Oct 12, 20241,540 sqft4 beds3 baths
Listed by: Mohamed Hassan
License #: 01791947
Phone #: 877-661-7355
NextHome Milestone
Source:
CRMLS Logo
MLS #: SR24212131

Property Description

**Attention Investors & Savvy owner-occupied buyers alike! Exceptional Investment Opportunity! VACANT!!! Spacious, permitted legal duplex—plus an additional third unit—is now available on a generous 7,146 sq. ft. lot. Zoned LACR2 plans already in place for two additional Accessory Dwelling Units (ADUs) totaling additional 1,000 sq. ft.to be added 2 two bedrooms, this property is primed for growth. Alley access provides separate rear entry. The owner completed a full remodel of the entire property, including all new roof and all-new plumbing under the house. The kitchen features fresh white cabinets with quartz countertops, and both the interior and exterior have been freshly painted. Updated lighting fixtures, electrical panels, new shower fixtures, bathroom vanities enhance the property, along with new waterproof vinyl flooring and metal fencing. Current rental estimates are promising: the front unit could generate $2,500+, while the back 2-bedroom, 1-bath unit may yield around $4,000, along with an additional studio in the spacious backyard. This totals approximately $6,500 per month! Alternatively, the studio foot print is permitted but the unit count is not. Rent the two larger units for a total of $5,000 monthly. Approved ADUs expected to add another $5,000+ monthly, this property represents a significant cash flow opportunity. *Key Features:* Separate water and gas meters for 2 unit, minimizing overhead costs. Two separate driveway entrances: a front driveway accommodating up to 2-4 vehicles and a rear driveway for 4. A large, fenced backyard ready for your vision. Conveniently located near freeways and major transportation including the Metro Blue Line. It's also across Washington Park, schools, vibrant Avalon Gardens and Hacienda Village neighborhoods. Being just outside Los Angeles city limits! means less restrictive regulations for development. Architectural and engineering plans included, most permits already paid. The buyer can easily transfer plans right before construction. Build now or later—the choice is yours! Don’t miss this incredible investment opportunity! Property functions effectively as a triplex, as the front units have been split to create two separate units. Enjoy a quiet street just a short walk from an arts academy, a large park with soccer field, basketball courts, pools, and the Washington Park Center. Don’t let this incredible investment slip away! Seize the chance to transform your future and create lasting legacy today!
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

$15,380

TurboHome Estimated Value

$922,600

$599 sqft

High Valuation
$968,730
$629/sqft
Normal Valuation
$922,600
$599/sqft
Low Valuation
$876,470
$569/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$599/sqft$922,600

Neighborhood

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Comparative Value

$570K

$660K

$680K

$820K

$840K

1768 E 83rd St, Los Angeles, CA 90001

Sale Price: $570,000

Selected Comparable

8738 Graham Ave, Los Angeles, CA 90002

Sale Price: $660,000

Selected Comparable

8908 Elm St, Los Angeles, CA 90002

Sale Price: $680,000

Selected Comparable

9422 Zamora Ave, Los Angeles, CA 90002

Sale Price: $685,000

Selected Comparable

1639 E 90th St, Los Angeles, CA 90002

List Price: $819,900

Subject Property

1639 E 90th St, Los Angeles, CA 90002

Sale Price: $840,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1639 E 90th St, Los Angeles, CA 90002

1639 E 90th St, Los Angeles, CA 90002

List: $819,900

Listed: 10/12/2024

Area:1,540 sqft
Price/sqft:$532
Beds:4
Baths:3
Year Built:
Lot Size:7,148

Comparable Properties

COMPARABLE
Choose comps
8908 Elm St, Los Angeles, CA 90002

8908 Elm St, Los Angeles, CA 90002

Sale: $680,000

6/6/20250.37 mi

Area:1,568 sqft
Price/sqft:$434
Beds:4
Baths:3
Year Built:
Weight:22.0%
1639 E 90th St, Los Angeles, CA 90002

1639 E 90th St, Los Angeles, CA 90002

Sale: $840,000

12/11/20240.00 mi

Area:1,540 sqft
Price/sqft:$545
Beds:4
Baths:3
Year Built:
Weight:21.8%
8738 Graham Ave, Los Angeles, CA 90002

8738 Graham Ave, Los Angeles, CA 90002

Sale: $660,000

5/23/20250.15 mi

Area:1,440 sqft
Price/sqft:$458
Beds:4
Baths:4
Year Built:
Weight:19.1%
9422 Zamora Ave, Los Angeles, CA 90002

9422 Zamora Ave, Los Angeles, CA 90002

Sale: $685,000

8/13/20240.49 mi

Area:1,408 sqft
Price/sqft:$487
Beds:4
Baths:3
Year Built:
Weight:18.8%
1768 E 83rd St, Los Angeles, CA 90001

1768 E 83rd St, Los Angeles, CA 90001

Sale: $570,000

7/28/20250.51 mi

Area:1,330 sqft
Price/sqft:$429
Beds:4
Baths:2
Year Built:
Weight:18.3%

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