Great investment opportunity in East Los Angeles! Two units on one lot. Front unit features 2 bedrooms and 1 bath; rear unit offers 1 bedroom and 1 bath. Both units are occupied by long-term tenants with a history of consistent rent payments, providing immediate rental income. Long driveway provides ample parking. R2 zoning may offer future development potential. Conveniently located near Downtown Los Angeles, Boyle Heights, and major freeways.
For sale
Listed by: Pinnacle Real Estate Group • JIEREN HUANG • Contact: 626-493-1937
$480,000
1229 S Indiana St, Los Angeles, CA 90023
3beds
--baths
1,128sqft
Multi Family
Built in 1927
-- sqft lot
$499,500 Zestimate®
$426/sqft
$-- HOA
What's special
- 3 days |
- 654 |
- 41 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
JIEREN HUANG DRE #02131376 626-493-1937,
Pinnacle Real Estate Group,
Zhaoshan Huang DRE #02243896,
Pinnacle Real Estate Group
Source: CRMLS,MLS#: WS26182493
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
Appliances
- Laundry: Outside
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,128
- Total interior livable area: 1,128 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Entry location: Door
- Pool features: None
Lot
- Size: 4,835 Square Feet
- Features: 2-5 Units/Acre
Details
- Parcel number: 5191029008
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1927
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Street Lights
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $426/sqft
- Tax assessed value: $582,624
- Date on market: 8/20/2026
- Cumulative days on market: 3 days
- Listing terms: Cash,Cash to New Loan,1031 Exchange
- Tenant pays: All Utilities
Estimated market value
$499,500
$475,000 - $524,000
$3,429/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/20/2026 | Listed for sale | $480,000+37.1%$426/sqft |
Source:  CRMLS #WS26182493 Report a problem | ||
| 3/22/2024 | Sold | $350,000$310/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $582,624 +2% |
| 2025 | $7,028 +743.9% | $571,200 +1089.8% |
| 2024 | $833 +1.4% | $48,008 +2% |
| 2023 | $821 +4.1% | $47,068 +2% |
| 2022 | $789 +1.9% | $46,146 +2% |
| 2021 | $775 -0.4% | $45,242 +1% |
| 2020 | $777 | $44,779 +2% |
| 2019 | $777 +17.3% | $43,902 +2% |
| 2018 | $663 | $43,042 +2% |
| 2017 | $663 +2.3% | $42,199 +2% |
| 2016 | $648 +4.4% | $41,372 +1.5% |
| 2015 | $620 -1.5% | $40,752 +2% |
| 2014 | $630 | $39,954 +2.5% |
| 2012 | -- | $38,995 +2% |
| 2011 | -- | $38,231 +0.8% |
| 2010 | -- | $37,946 -0.2% |
| 2009 | -- | $38,037 +2% |
| 2008 | -- | $37,292 +4% |
| 2006 | -- | $35,846 |
| 2005 | -- | $35,846 +4% |
| 2004 | -- | $34,456 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Boyle Heights
Nearby schools
GreatSchools rating
- 7/10Eastman Avenue Elementary SchoolGrades: K-5Distance: 0.4 mi
- 3/10Robert Louis Stevenson Middle SchoolGrades: 6-8Distance: 0.6 mi
- 4/10Theodore Roosevelt Senior HighGrades: 9-12Distance: 1.8 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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