1022 Geraghty Avenue, Los Angeles, California 90063, Los Angeles, 90063 - 6 bed, 3 bath
1022 Geraghty Avenue
Los Angeles, California 90063
Property Price
SUMMARY
Analysis of 1022 Geraghty Avenue, Los Angeles, California 90063 is currently available with a list price of $810,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Income-Generating Triplex
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.
- Prime, Walkable Location
Situated in a prime location within walking distance to City Terrace Park, bus stops, restaurants, and grocery stores, enhancing convenience and tenant appeal.
- Generous Lot Size
A substantial 7,741 square feet lot provides ample outdoor space, potential for landscaping, or future development opportunities.
CONSRISKS & DEFICIENCIES
- Unpermitted Garage Conversion
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.
- Age of Property
Built in 1941, the property is over 80 years old, which may imply outdated systems, potential for deferred maintenance, and the need for significant capital expenditures for modernization.
- No Designated View
The property explicitly states 'view: None,' which could be a drawback for buyers prioritizing scenic views in the Los Angeles market.
About 1022 Geraghty Avenue
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.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1941
- Lot Size
- 7,640 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | - | 95% |
| Baths | 3.0 | - | 81% |
| Square foot | 2,112 | 2,112 | 50% |
| Lot Size | 7,640 | 5,750 | 90% |
| Price | $810.0K | $810.0K | 50% |
| Price per sq ft | $384 | $384 | 48% |
| Built year | 1941 | 1924 | 76% |
| HOA | $0 | $0 | 50% |
| Days on market | 214 | 214 | 52% |
Pricing History
Listed for Sale
Aug 16, 2025
$810,000
$850,000
-5% Price Drop
Initial Listing
Price Change
Aug 4, 2025
$850,000
Initial Listing
Sold
Oct 14, 2011
$235,000
Public Record