1121 5th Avenue, Los Angeles, California 90019, Los Angeles, 90019 - bed, bath
1121 5th Avenue
Los Angeles, California 90019
Property Price
SUMMARY
Analysis of 1121 5th Avenue, Los Angeles, California 90019 is currently available with a list price of $2,450,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1948, this triplex is a functional but aged property that has not been significantly updated in recent decades. The lack of interior photos and the listing's heavy emphasis on development potential (zoning for 9 units) strongly suggest that the kitchens, bathrooms, and major systems are outdated and require modernization. While the exterior appears maintained and the property is currently occupied by tenants, the aging infrastructure and 77-year-old build date align with the 'fair' condition category for a property that is functional but shows significant signs of being outdated.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Development Potential
The LARD1.5 zoning allows for the construction of up to 9 units plus 2 ADUs, offering a massive value-add opportunity for developers in a high-demand area.
- Expansive Lot Size
Sitting on a rare 14,196 square foot lot, the property provides a substantial footprint that is increasingly difficult to find in central Los Angeles.
- Prime Location
Located in a 'hot' neighborhood, the property boasts close proximity to trendy restaurants, shopping, parks, and major transportation hubs, ensuring high desirability.
CONSRISKS & DEFICIENCIES
- Below-Market Rental Income
Current tenants are paying significantly below market rent, which limits immediate yield and may present challenges for investors seeking maximum initial ROI.
- Aging Infrastructure
Built in 1948, the property likely requires modernization or significant maintenance to compete with newer residential offerings in the area.
- Mixed School Ratings
Several assigned public schools in the immediate vicinity have lower performance ratings, which could be a deterrent for long-term family-oriented tenants.
About 1121 5th Avenue
First time on the market in over 25 years. Welcome to 1121 5th Ave, Los Angeles CA 90019. This Property is absolutely stunning, and a great opportunity to enjoy passive income. In addition.. it is zoned LARD1.5, which enables the new owner to build up to 9 units and 2 ADUs ( verified with Building and Safety ) sitting on a huge lot. HOT AREA for new development opportunity in one of L.A.'s Hottest Neighborhood. Close proximity to shopping, restaurants, schools, parks, public transportation, and freeway. The Tenants are paying well below market rent.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1948
- Lot Size
- 14,196 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Queen Anne Place Elementary School
Grades K-5 • 0.6 mi
Wilton Place Elementary School
Grades K-5 • 0.7 mi
Arlington Heights Elementary School
Grades K-5 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 4,669 | 2,708 | 89% |
| Lot Size | 14,196 | 6,167 | 95% |
| Price | $2.45M | $1.10M | 89% |
| Price per sq ft | $525 | $475 | 79% |
| Built year | 1948 | 1929 | 74% |
| HOA | $0 | $0 | 50% |
| Days on market | 379 | 192 | 95% |
Pricing History
Listed for Sale
Feb 20, 2025
$2,450,000
Initial Listing