1031 S Ditman Avenue, Los Angeles, California 90023, Los Angeles, 90023 - bed, bath
ACTIVE$1,160,000
1031 S Ditman Avenue, Los Angeles, California 90023
0Bed
0Bath
2,099Sqft
6,486Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Investment Opportunity: This property is explicitly marketed as a 'Great Investment Opportunity' and a 'well-performing triplex' with 'upside potential' for expanding a rental portfolio or owner-occupancy with rental income.
Top Cons:
Age of Property: Built in 1940, the property is over 80 years old, which may imply potential for deferred maintenance, outdated systems, and higher capital expenditure requirements for renovations or repairs.
Compared to the nearby listings
Price:$1.16M vs avg $655.0K (+$505,000)85%
Size:2,099 sqft vs avg 1,702 sqft62%
Price/sqft:$553 vs avg $48169%
More Insights
Built in 1940 (85 years old).
Condition: Built in 1940, this triplex shows significant age. The kitchen, as seen in the images, features very dated light wood cabinets, worn laminate countertops, and an older white freestanding gas range, suggesting renovations that are likely 15-30+ years old. The flooring throughout the visible areas is a mix of older tile and worn carpet. While the property appears functional and maintained, it is heavily outdated in terms of style and features, requiring substantial cosmetic updates, particularly in the kitchen and likely the bathrooms (though no bathroom images were provided). It fits the 'Fair' category as it's aged but maintained, with major components functional but showing signs of being outdated, and requires minor to moderate updates.
Year Built
1940
Close
-
List price
$1.16M
Original List price
$119K
Price/Sqft
$553
HOA
-
Days on market
-
Sold On
-
MLS number
AR25150980
Home ConditionFair
Features
View-
About this home
Great Investment Opportunity in Central Los Angeles! Don't miss this rare chance to own a well-performing triplex situated in the heart of Los Angeles. This property features three income-generating units across five detached buildings, each with its own private entry, offering added privacy and convenience for tenants. Front Unit: Spacious 4 bedrooms, 2 bathrooms with a large living room—ideal for a big family. Middle Unit: 2 bedrooms, 1 bathroom. Rear Unit: 2 bedrooms, 1 bathroom. A long driveway provides ample parking space for multiple vehicles, and there are two detached storage rooms with potential for ADU conversion (buyer to verify). The property is conveniently located near Downtown Los Angeles, the Metro Gold Line, and has easy access to major freeways including the 5, 10, 60, and 710—perfect for commuters or future development potential. Whether you're looking to expand your rental portfolio or live in one unit and rent out the others, this triplex offers excellent flexibility and upside potential.
Price History
Date
Event
Price
10/10/23
Sold
$990,000
05/17/18
Sold
$525,000
12/05/03
Sold
$289,000
Condition Rating
Fair
Built in 1940, this triplex shows significant age. The kitchen, as seen in the images, features very dated light wood cabinets, worn laminate countertops, and an older white freestanding gas range, suggesting renovations that are likely 15-30+ years old. The flooring throughout the visible areas is a mix of older tile and worn carpet. While the property appears functional and maintained, it is heavily outdated in terms of style and features, requiring substantial cosmetic updates, particularly in the kitchen and likely the bathrooms (though no bathroom images were provided). It fits the 'Fair' category as it's aged but maintained, with major components functional but showing signs of being outdated, and requires minor to moderate updates.
Pros & Cons
Pros
Prime Investment Opportunity: This property is explicitly marketed as a 'Great Investment Opportunity' and a 'well-performing triplex' with 'upside potential' for expanding a rental portfolio or owner-occupancy with rental income.
Strategic Location & Accessibility: Conveniently located near Downtown Los Angeles, the Metro Gold Line, and major freeways (5, 10, 60, 710), offering excellent connectivity for commuters and tenants.
ADU Conversion Potential: Includes two detached storage rooms with potential for Accessory Dwelling Unit (ADU) conversion, offering a significant value-add opportunity for increased rental income.
Multiple Detached Units with Privacy: Features three income-generating units spread across five detached buildings, each with its own private entry, enhancing tenant privacy and convenience.
Ample Parking: A long driveway provides substantial parking space for multiple vehicles, a valuable amenity in a dense urban area like Los Angeles.
Cons
Age of Property: Built in 1940, the property is over 80 years old, which may imply potential for deferred maintenance, outdated systems, and higher capital expenditure requirements for renovations or repairs.
Recent Price Reductions: The listing history shows multiple price reductions from the original list price, which could indicate overpricing or a lack of buyer interest at previous price points.
Unverified ADU Potential: While ADU conversion is a potential strength, the 'buyer to verify' clause means the feasibility and cost are not guaranteed, requiring additional due diligence and investment from the buyer.