1022 Geraghty Avenue, Los Angeles, California 90063, Los Angeles, 90063 - 6 bed, 3 bath
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Los Angeles, California 90063
This Income-Generating Triplex is listed at $810,000, representing a stable entry point near its $790,431 Fair Market Value. With a Condition Rating of 5, the property offers a significant value-add play through the rehabilitation of its 1941 structure and the resolution of an unpermitted garage conversion. The expansive 7,741 sqft lot provides ample parking within the Los Angeles Unified district, walking distance to City Terrace Park. This asset is a strategic choice for Buy-and-Hold Investors or Owner-Occupants looking to leverage rental income to build long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1022 Geraghty Avenue Subject | $810,000* List Price | 6 | 3 | 2,112 | $374 | - |
A 422 N Townsend Sold | $660,000 | 0 | 0 | 1,827 | $361 | 0.6 mi |
B 4129 Hammel Sold | $810,000 | 0 | 0 | 1,635 | $495 | 0.5 mi |
C 156 N Hicks Active | $799,000 List Price | 5 | 3 | 2,177 | $367 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1941, this triplex shows significant age and wear. While some cosmetic updates are present in the kitchens and bathrooms (e.g., painted cabinets, newer appliances in one unit, updated tile in bathrooms), these appear to be piecemeal and do not constitute extensive renovations. The property lacks central cooling, relying on window AC units. A major concern is the unpermitted garage conversion, which represents a significant defect affecting the property's soundness and legality. The overall condition suggests substantial repairs and rehabilitation are needed beyond minor updates to meet current safety and quality standards.
The property is a triplex, offering significant income potential by allowing the owner to live in one unit and rent out the other two, providing a strong investment opportunity.
Situated in a prime location within walking distance to City Terrace Park, bus stops, restaurants, and grocery stores, enhancing convenience and tenant appeal.
A substantial 7,741 square feet lot provides ample outdoor space, potential for landscaping, or future development opportunities.
One of the garages has been converted into a bedroom and storage room without the necessary permits, posing potential legal and safety issues, and not contributing to official living square footage.
Built in 1941, the property is over 80 years old, which may imply outdated systems, potential for deferred maintenance, and the need for significant capital expenditures for modernization.
The property explicitly states 'view: None,' which could be a drawback for buyers prioritizing scenic views in the Los Angeles market.
Triplex at 1022, 1024, 1028 Geraghty Ave. You live in one unit and rent out the other two. According to the assessor, the building has a total square footage of 2,112. The property features a generous 7,741 square feet with ample parking. One of the garages has been converted into a bedroom and a storage room without the necessary permits; these spaces are not included in the living square footage. The property is situated in a prime location, within walking distance of City Terrace Park, bus stops, restaurants, grocery stores, and more. The current owner has held the property for nearly 14 years, and the property is low maintenance.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 0.0 | 95% |
| Baths | 3.0 | 0.0 | 85% |
| Square foot | 2,112 | 1,946 | 60% |
| Lot Size | 7,640 | 5,686 | 90% |
| Price | $810.0K | $764.5K | 55% |
| Price per sq ft | $384 | $384 | 50% |
| Built year | 1941 | 1923 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 261 | 235 | 75% |
Aug 16, 2025
$810,000
$850,000
-5% Price Drop
Initial Listing
Aug 4, 2025
$850,000
Initial Listing
Oct 14, 2011
$235,000
Public Record