
Los Angeles, California 90006
This Non-Rent Control Triplex is a strategic Residential Income Asset in the heart of Koreatown. Listed at $1,570,000, the price reflects the stability of a 1978 construction exempt from local rent control ordinances. While the Fair Market Value is $1,454,833, the property’s Condition Rating of 4 and premium features—including six secured parking spaces and a four-bedroom unit—support strong rental demand. High walkability and transit access ensure consistent occupancy despite modest school ratings. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1134 S Oxford Avenue Subject | $1,570,000* List Price | 0 | 0 | 3,783 | $385 | - |
A 1315 S Harvard Active | $1,399,000 List Price | 4 | 4 | 4,462 | $314 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1978, the property is well-maintained but aged. While the exterior has been recently painted and one unit features modern updates such as shaker-style cabinetry and laminate flooring, the property as a whole has not undergone a full recent renovation across all units. It meets the 'fair' criteria as a 40+ year old building with partial updates and functional but dated components.
As a non-rent controlled property built in 1978, this triplex offers significant upside potential for investors to adjust rents to market rates without the restrictions typical of older Los Angeles multi-family assets.
The property boasts high walkability to specialty Korean markets, diverse dining, and public transportation, ensuring consistent tenant demand in one of the city's most vibrant neighborhoods.
The inclusion of six parking spaces secured by an electric gate is a rare and premium feature for the area, significantly increasing the property's desirability and convenience for residents.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3783, other record living area = 1913.
The local public schools carry relatively low ratings (mostly 3/10), which may deter long-term family tenants who prioritize high-performing educational districts.
While the exterior and one unit have been updated, the remaining units may require additional capital expenditure to bring them up to a uniform modern standard and maximize overall rental income.
No rent control property in the heart of Koreatown. Walking distance and conveniently located near specialty Korean market, transportation, shops & restaurants. One of the units has been updated. Electric gate for entry to driveway with six parking spaces. The exterior was painted approximately less than 3 years ago and the window bars were updated. The four bedroom unit has its own laundry and is like a single family home. The second floor unit also has its own laundry. Well cared for property.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.2 mi
Grades K-2 • 0.5 mi
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 | 3,783 | 1,900 | 80% |
| Lot Size | 5,447 | 5,100 | 60% |
| Price | $1.57M | $840.0K | 80% |
| Price per sq ft | $415 | $429 | 40% |
| Built year | 1978 | 1936 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 203 | 20% |
Mar 9, 2026
$1,570,000
Initial Listing
Dec 8, 2017
$1,350,000
Public Record
Jun 27, 2000
$19,000
Public Record