1117 N Alexandria Avenue, Los Angeles, California 90029, Los Angeles, 90029 - 4 bed, 3 bath
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Los Angeles, California 90029
This Value-Add Triplex Asset is listed at $999,000, positioned near its $974,928 Fair Market Value. Despite a Poor Condition Rating reflecting century-old infrastructure and deferred maintenance, the property represents a High-Potential Investment Opportunity due to its 6,543 Sqft Lot and significant ADU Development Potential. Situated in a Strategic Hollywood Location steps from the Metro Red Line and top-rated John Marshall Senior High, the property promises high rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1117 N Alexandria Avenue Subject | $999,000* List Price | 4 | 3 | 2,710 | $360 | - |
A 836 Edgemont Street Active | $995,000 List Price | 4 | 2 | 2,180 | $456 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1924, this triplex shows significant signs of deferred maintenance and aging infrastructure. Interior photos reveal peeling paint, unfinished wall repairs, and exposed plumbing. The kitchens and bathrooms are highly outdated with worn cabinetry and tile. The listing's own analysis confirms that the century-old mechanical, electrical, and plumbing systems likely require substantial capital expenditures to meet modern standards, placing it in the poor category despite being currently occupied.
This triplex features a versatile unit mix consisting of one 2-bedroom and two 1-bedroom units, providing immediate cash flow and a strong foundation for rental income growth in a high-demand market.
Boasting a high walkability score, the property is situated steps from the Metro Red Line, LA City College, and diverse dining, ensuring consistent tenant demand and excellent transit connectivity.
The generous 6,500+ square foot lot offers significant value-add potential for an Accessory Dwelling Unit (ADU), allowing investors to increase density and maximize the property's long-term ROI.
Originally constructed in 1924, the property may require substantial capital expenditures for upgrades to aging mechanical, electrical, and plumbing systems to meet modern standards.
The property is currently occupied, which limits immediate flexibility for major renovations or owner-occupancy and requires careful navigation of existing lease terms and tenant rights.
Prime Hollywood Triplex Investment Opportunity! Seize this exceptional investment opportunity in the heart of Hollywood! This well-maintained triplex offers strong potential for rental income growth. The property features a spacious 2-bedroom, 1-bath unit on the top floor, along with two 1-bedroom, 1-bath units on the lower level. Situated on a 6,500+ square foot lot, it offers plenty of parking. Potential f Accessory Dwelling Unit (ADU) for the property, offering even more potential for value-add and increased rental income. With a prime location, this property is just steps away from a wide variety of restaurants, shops, LA City College, and the Metro Red Line, offering convenient access to downtown LA and beyond. This is your chance to invest in one of Los Angeles' most sought-after neighborhoods with tremendous upside potential! Please do not disturb tenants.
No exterior & parking available.
Grades K-6 • 0.0 mi
Grades K-5 • 0.2 mi
Grades K-2 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 82% |
| Baths | 3.0 | 2.0 | 71% |
| Square foot | 2,710 | 1,545 | 82% |
| Lot Size | 6,543 | 6,251 | 65% |
| Price | $999.0K | $1.03M | 35% |
| Price per sq ft | $369 | $714 | 6% |
| Built year | 1924 | 1918 | 71% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 131 | 6% |
Apr 14, 2026
$999,000
Initial Listing
Mar 10, 2022
$1,015,000
Public Record
Oct 30, 2019
$964,500
Public Record
Oct 23, 1998
$859,090
Public Record