
Los Angeles, California 90011
This Turnkey Residential Income Triplex represents a High-Potential Investment Opportunity, listed at $1,299,999—positioned slightly above the $1,267,467 Fair Market Value. Despite the premium, the property’s Condition Rating of 2 and rare 9-bedroom configuration ensure immediate, stable cash flow. With fully permitted renovations and flexible delivery options, this asset is designed for efficiency. It serves as a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to offset mortgage costs through high-demand rental income in a central Los Angeles location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1164 E 34th Subject | $1,249,999* List Price | 0 | 0 | 2,477 | $436 | - |
A 731 E 41st Place Sold | $1,045,000 | 0 | 0 | 2,080 | $502 | 0.5 mi |
B 1629 E Vernon Sold | $899,000 | 0 | 0 | 2,274 | $395 | 0.8 mi |
C 456 E 43rd Place Sold | $935,000 | 0 | 0 | 2,640 | $354 | 0.9 mi |
D 1291 E 40th Active | $1,249,000 List Price | 0 | 0 | 2,446 | $511 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1905, the property has undergone extensive, fully permitted renovations within the last 5 years. The interior features modern kitchens, updated bathrooms, new flooring, and fresh finishes throughout, meeting the criteria for a turnkey, mint-condition asset.
This rare 9-bedroom triplex configuration offers an exceptional unit mix, maximizing rental yield and providing significant versatility for investors or multi-generational families.
The property is fully permitted and extensively updated with modern kitchens, bathrooms, and flooring, minimizing immediate maintenance costs and attracting high-quality tenants.
With the potential for the seller to deliver the property vacant, buyers have the unique opportunity to immediately set market-rate rents or occupy a unit while offsetting the mortgage.
Fitting 9 bedrooms into 2,477 square feet suggests smaller individual room sizes and high occupant density, which may result in increased wear and tear over time.
The property is served by local public schools with predominantly low performance ratings, which could limit the appeal for long-term family-oriented tenants.
NEW PRICE – Exceptional Value for a Fully Permitted Los Angeles Triplex! Now offered at $1,249,999, this turnkey, fully permitted triplex presents a compelling opportunity for investors, owner-users, and multigenerational buyers seeking space, flexibility, and income potential in Los Angeles. Featuring a rare 9-bedroom unit mix, the property consists of a spacious 4-bedroom, 1-bath front house, a 3-bedroom, 1-bath rear upper unit, and a 2-bedroom, 1.5-bath rear lower unit. Extensively updated throughout, the property offers modern kitchens, updated bathrooms, newer flooring, fresh finishes, and well-maintained interiors. The generous bedroom count and functional unit configuration provide strong rental appeal while offering multiple possibilities for long-term ownership. Currently tenant-occupied and generating rental income, with the seller open to considering delivery vacant, giving buyers valuable flexibility. Live in one unit and rent the others to help offset the mortgage, create a multigenerational living arrangement, or operate the property as a dedicated income-producing investment. The gated property also offers ample on-site parking and is conveniently located near major freeways, employment centers, shopping, dining, and public transportation. At its newly improved price, this is an opportunity to acquire a permitted three-unit property with 9 total bedrooms and multiple income streams in the Los Angeles market. Buyer and buyer’s agent to independently verify all information, including but not limited to square footage, permits, zoning, unit count, rental income, vacancy/delivery status, and property condition. Information deemed reliable but not guaranteed.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,477 | 2,187.451 |
| Lot Size | 4,806 | 5,841.385 |
| Price | $1.25M | $841.5K |
| Price per sq ft | $505 | $385 |
| Built year | 1905 | 1928 |
| HOA | $0 | $0 |
| Days on market | 77 | 85 |
Aug 9, 2026
$1,249,999
$1,299,999
-4% Price Drop
Initial Listing
Jun 24, 2026
$1,299,999
Initial Listing
Sep 1, 2023
$700,000
Public Record
Sep 1, 2023
$760,000
Public Record
Aug 7, 2023
$630,000
Public Record
Aug 4, 2023
$530,000
Public Record