1057 S Alma, Los Angeles, California 90023, Los Angeles, 90023 - 0 bed, 0 bath
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1057 S Alma
Los Angeles, California 90023
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
2,007Sq Ft
6,500Lot Size
Property Price
LIST PRICE$1,160,000
EST. MARKET VALUE
$1,070,423
8% AboveMARKET VALUE
SUMMARY
This Residential Income Triplex represents a High-Potential Investment Opportunity, listed at $1,160,000. While currently priced above the $1,070,424 Fair Market Value, the property features a Mint Condition Rating following a comprehensive top-to-bottom renovation. With a new ADU, all-new systems, and private outdoor spaces, this asset is optimized for immediate rental income or multi-generational living. Its turnkey status eliminates capital expenditure, providing a stable, high-yield foundation. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a modern, low-maintenance income-generating asset in Los Angeles.
Estimated Market Value
$1,070,423
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1057 S Alma Subject 0 bd · 0 ba · 2,007 sqft · $533 | $1,160,000* List Price | 0 | 0 | 2,007 | $533 | - |
A 1067 1069 S Rowan Avenue Sold 0 bd · 0 ba · 1,758 sqft · $506 · 0.2 mi | $890,000 | 0 | 0 | 1,758 | $506 | 0.2 mi |
B 718 S Grande Vista Active 0 bd · 0 ba · 1,854 sqft · $485 · 0.9 mi | $899,000 List Price | 0 | 0 | 1,854 | $485 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property has undergone a complete top-to-bottom renovation including all new electrical, plumbing, roofing, and HVAC systems. The kitchens and bathrooms are brand new with modern finishes, and the addition of a new ADU further confirms its mint condition status with no maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Comprehensive Modernization
The property has been fully remodeled from top to bottom, including all-new electrical, plumbing, roofing, and HVAC systems, significantly reducing immediate capital expenditure for the buyer.
- High Income Potential
Featuring a triplex configuration plus a newly added ADU, this four-unit property offers exceptional versatility for multi-generational living or high-yield rental income in a desirable Los Angeles location.
- Enhanced Site Amenities
The property includes a new concrete driveway with ample parking, interior laundry hookups for all units, and private outdoor spaces, which are premium features for multi-unit residential income properties.
CONSRISKS & DEFICIENCIES
- Century-Old Structure
Despite the extensive cosmetic and system upgrades, the original 1913 construction may present underlying structural or foundation considerations typical of buildings of this vintage.
- Virtual Marketing Discrepancies
The use of virtually altered photos to suggest possible changes may create a gap between buyer expectations and the actual current physical state of the property.
About 1057 S Alma
Fully remodeled 3 units from top to bottom 4 Bed 2 Bath and 2 1 bed 1 bath units with a new 1bed 1 bath ADU, All New Electrical,Plumbing,Flooring,Roofing,A/C Hvac System,New Kitchens,Bathrooms,Security System,All units have interior laundry areas ,New Concrete driveway with lots of parking. Ideal for Multigenerational family or Live in 1 and rent the others as All units save separate outdoor areas. Some pictures were virtually altered to give ideas of possible changes. Easy Access to Freeway and Downtown. Too much to list a Must see, All types of Buyers Welcome, FHA, VA,Conventional. Will cooperate with everyone.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1913
- Lot Size
- 6,500 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
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 |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 2,007 | 2,090.331 |
| Lot Size | 6,500 | 5,852.908 |
| Price | $1.16M | $830.9K |
| Price per sq ft | $578 | $394 |
| Built year | 1913 | 1928 |
| HOA | $0 | $0 |
| Days on market | 11 | 87 |
Pricing History
Listed for Sale
Oct 29, 2026
$1,160,000
Initial Listing
Sold
Jan 7, 2025
$565,000
Public Record