1031 S Ditman, Los Angeles, California 90023, Los Angeles, 90023 - 0 bed, 0 bath
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Los Angeles, California 90023
This Residential Income Triplex is a strategic acquisition for Buy-and-Hold Investors, featuring a List Price of $1,089,000 and a $1,045,043 Fair Market Value. Maintaining a Condition Rating of 4, the property delivers a robust $7,200 monthly income across three detached units plus a vacant bonus unit. The property features Non-RSO Status, exempting it from Los Angeles rent control. With 2019 Roof Renovations, a Private Patio, and ADU Conversion Potential, this asset serves 1031 Exchange Buyers seeking stable, immediate cash flow in a high-demand corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1031 S Ditman Subject | $1,089,000* List Price | 0 | 0 | 2,099 | $498 | - |
A 830 S Record Avenue Active | $828,800 List Price | 0 | 0 | 2,184 | $379 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1940. While the roofs were redone in 2019 and Unit 3 was completely renovated down to the studs in 2019, the provided images (likely from Unit 1 or 2) show significantly outdated interiors. The kitchens feature older dark wood cabinets, laminate countertops, and standard appliances. Bathrooms are very dated with older fixtures and finishes. Flooring is a mix of older tiles and worn carpet/laminate, and light fixtures are basic and outdated. These elements indicate that while some major components (roof) and one unit have been updated, the overall property, particularly the non-renovated units, is aged but maintained through regular upkeep, with major components showing signs of being outdated. It requires minor updates or repairs in the older units.
The property boasts a solid $7200 monthly income with strong tenants, explicitly stating it can cover expenses and generate positive cash flow, making it an attractive investment.
Features three detached units (4/2, 2/1, 2/1) plus a vacant 1-bed/1-bath bonus unit, offering diversified rental income. Additionally, a storage unit has potential for ADU conversion, adding future value.
Crucially, the property is not located in an LA rent control area (NOT RSO), providing investors with greater flexibility in managing rents and tenant relations.
Built in 1940, despite recent roof and one unit renovation, the overall age of the property suggests that other core systems (plumbing, electrical, HVAC) in non-renovated units may be original or outdated, potentially requiring future capital expenditure.
All three main units are occupied with a strict 'Do not disturb tenants' policy, which can significantly limit access for thorough inspections, showings, and due diligence for potential buyers.
While Unit 3 was fully renovated, the description lacks specific details regarding the current condition or renovation status of Unit 1 (4/2) and Unit 2 (2/1), implying they may not be as updated and could require future investment.
Ideal for 1031 exchange buyer or owner-occupied. Cap rate is about 5.5~6%. Start earning rental income from day one with this tenant-occupied property. Solid 7200 monthly income with strong tenants!! All units are month to month lease. This is a DREAM property for an investor or occupant owner. This property is not located in LA rent control area, NOT RSO. The property has been managed & maintained by professional property management for the last 5 years. There are 3 DETACHED units on the property. Unit 1 is a 4/2. Unit 2 is a 2/1. Unit 3 is a 2/1. There is a 2 room storage unit on the property being used by the residents that could potentially be transformed into an ADU. Rents are all close to market. All tenant ledgers are available upon request. Estoppels can be signed by each resident as well. Unit 3 was completely renovated down to the studs in 2019. Roofs were redone in 2019. The lot size is at almost 6,500 sq ft. There is a long driveway capable of parking 6+ cars with plenty of open street parking at all times. Nearby attractions include Mariachi Plaza, LAC Hospital, USC Medical, Cal State LA, and the Metro Gold Line. In just minutes you can reach Downtown Los Angeles, Dodger Stadium, and Crypto Arena. The property also offers easy access to major freeways such as the 5, 60, 10, 710, and 110. Do not disturb tenants. All three units are occupied. The detached bonus 1bed 1 bath unit is vacant and previous rent is 1200. Don't miss the opportunity.!This is the house in the area that you can cover all your expense and payment with rental income and enjoy some positive cash flow!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,099 | 1,828 | 62% |
| Lot Size | 6,486 | 6,003 | 54% |
| Price | $1.09M | $710.9K | 92% |
| Price per sq ft | $519 | $410 | 69% |
| Built year | 1940 | 1923 | 85% |
| HOA | $0 | $0 | 50% |
| Days on market | 86 | 180 | 15% |
Mar 2, 2026
$1,089,000
$1,099,000
-1% Price Drop
Initial Listing
Feb 1, 2026
$1,099,000
$1,135,000
-3% Price Drop
Initial Listing
Jan 26, 2026
$1,135,000
Initial Listing
Oct 10, 2023
$990,000
Public Record
May 17, 2018
$525,000
Public Record
Dec 5, 2003
$289,000
Public Record