RealKey
‪(213) 433-7766‬

1037 Alpine Street, Los Angeles, California 90012, Los Angeles, 90012 - bed, bath

1037 Alpine Street, Los Angeles, California 90012 home-pic-0
ACTIVE$1,300,000
1037 Alpine Street, Los Angeles, California 90012
0Bed
0Bath
3,024Sqft
7,434Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
High Income Potential: As a triplex with two 1-bed/1-bath units and one 4-bed/2-bath unit, the property offers substantial rental income generation, making it an attractive investment opportunity.
Top Cons:
Advanced Age of Property: Built in 1900, the property is over a century old, likely requiring significant capital investment for system upgrades (plumbing, electrical, HVAC) and general modernization to meet contemporary standards.

Compared to the nearby listings

Price:$1.30M vs avg $1.24M (+$62,500)50%
Size:3,024 sqft vs avg 2,715 sqft50%
Price/sqft:$430 vs avg $45950%

More Insights

Built in 1900 (125 years old).
Condition: Built in 1900, this triplex shows its age significantly. While some cosmetic updates like paint and some flooring have been done, and one bathroom appears partially renovated, the kitchens are largely outdated with old cabinets, countertops, and tile. The presence of window AC units suggests a lack of central HVAC. The property analysis explicitly notes the need for 'significant capital investment for system upgrades (plumbing, electrical, HVAC) and general modernization.' This indicates substantial repairs and rehabilitation are required for major components, aligning with a 'poor' condition score.
Year Built
1900
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$430
HOA
-
Days on market
-
Sold On
-
MLS number
WS25178513
Home ConditionPoor
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

Discover an outstanding triplex income property at 1037 Alpine Street, nestled in highly sought-after Los Angeles Echo Park/ Victor Heights area. This unique investment offers two 1 bed, 1 bath Units in the front and a separate 4 bed, 2 bath units in the back with 4 single parking garages. Income Potential: With three units, this property presents an excellent opportunity to generate substantial rental income, making it an investor's dream or a homeowner's savvy investment. Both units includes an expansive basement and a peaceful center courtyard surround by tall trees. Property is zoned as C1 with potential for mix-use commercial and residential use. Location: Enjoy unparalleled convenience with trendy restaurants, cultural attractions, premier shopping centers, and entertainment options all within easy reach. This prime location places you near iconic landmarks such as Dodger Stadium, Echo Park, and the vibrant Chinatown district. Walking distance to the famous East Side Italian Deli and upcoming Alpine Bungalow with it's new shops and businesses. Don't miss out on this rare find! Seize the opportunity at 1037 Alpine Street in prime Los Angeles.

Nearby schools

6/10
Castelar Street Elementary School
Public,•K-5•0.4mi
4/10
Betty Plasencia Elementary School
Public,•K-6•0.5mi
7/10
Solano Avenue Elementary School
Public,•K-6•1.1mi
3/10
Sal Castro Middle School
Public,•6-8•1.0mi
2/10
Logan Street Elementary School
Public,•K-8•1.1mi
5/10
Florence Nightingale Middle School
Public,•6-8•2.2mi
3/10
Belmont Senior High School
Public,•9-12•1.0mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•2.5mi
Condition Rating
Poor
Built in 1900, this triplex shows its age significantly. While some cosmetic updates like paint and some flooring have been done, and one bathroom appears partially renovated, the kitchens are largely outdated with old cabinets, countertops, and tile. The presence of window AC units suggests a lack of central HVAC. The property analysis explicitly notes the need for 'significant capital investment for system upgrades (plumbing, electrical, HVAC) and general modernization.' This indicates substantial repairs and rehabilitation are required for major components, aligning with a 'poor' condition score.
Pros & Cons

Pros

High Income Potential: As a triplex with two 1-bed/1-bath units and one 4-bed/2-bath unit, the property offers substantial rental income generation, making it an attractive investment opportunity.
Prime & Desirable Location: Nestled in the highly sought-after Echo Park/Victor Heights area, it provides unparalleled convenience to trendy restaurants, cultural attractions, shopping, and iconic landmarks like Dodger Stadium and Chinatown.
Flexible C1 Zoning: The C1 zoning designation offers significant potential for future mixed-use commercial and residential development, enhancing long-term value and investment flexibility.
Excellent Walkability & Local Amenities: The property boasts strong walkability, being within walking distance to popular local hotspots like East Side Italian Deli and upcoming new shops, appealing to a broad tenant base.
Unique Features & Parking: Includes expansive basements, a peaceful center courtyard, and 4 single parking garages, providing valuable amenities and convenience for residents in a dense urban environment.

Cons

Advanced Age of Property: Built in 1900, the property is over a century old, likely requiring significant capital investment for system upgrades (plumbing, electrical, HVAC) and general modernization to meet contemporary standards.
Potential for Deferred Maintenance: Given its age, there is a high probability of existing or future deferred maintenance issues, which could lead to unexpected repair costs and ongoing upkeep challenges for a new owner.
Mixed School Performance: While some local schools are well-rated, the presence of several schools with lower performance ratings (e.g., 2 and 3) in the immediate vicinity might be a drawback for prospective tenants or owner-occupants with school-aged children.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state