1223 E 35th, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
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1223 E 35th
Los Angeles, California 90011
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
1,576Sq Ft
4,570Lot Size
Property Price
LIST PRICE$799,000
EST. MARKET VALUE
$856,923
6% BelowMARKET VALUE
SUMMARY
This Triplex Residential Income Property is a Strong Value Opportunity, listed at $799,000—positioned well below the $856,923 Fair Market Value by 6%. This valuation gap offers $57,923 in Instant Equity. Featuring a Condition Rating of 2 with a fully remodeled main unit, this asset includes Separate Utility Meters and Private Parking. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to offset mortgage costs through immediate rental income in a central location.
Estimated Market Value
$856,923+$57,923 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 1223 E 35th Subject 0 bd · 0 ba · 1,576 sqft · $544 | $799,000* List Price | 0 | 0 | 1,576 | $544 | - |
A 4014 Mckinley Avenue Sold 0 bd · 0 ba · 1,536 sqft · $632 · 0.4 mi | $970,000 | 0 | 0 | 1,536 | $632 | 0.4 mi |
B 1620 E 33rd Pending 0 bd · 0 ba · 1,615 sqft · $573 · 0.5 mi | $925,000 List Price | 0 | 0 | 1,615 | $573 | 0.5 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.
Although originally built in 1924, the property has undergone a recent full remodel within the last 5 years. The main home features a bright, modern open-concept layout with new flooring, fresh paint, recessed lighting, updated windows, and modern kitchen finishes, making it completely move-in ready with no immediate maintenance needed.
PROSSTRENGTHS & OPPORTUNITIES
- Income & House-Hacking Potential
This triplex features two vacant units, including a 3-bedroom main home and a studio, allowing an owner-occupier to live comfortably while generating immediate rental income from the other units to offset the mortgage.
- Turnkey Remodeled Condition
The property is fully remodeled and move-in ready, boasting a bright, modern open-concept layout that minimizes the need for immediate post-purchase renovation capital.
- Separate Utility Meters & Parking
Equipped with separate meters for utilities and private parking, the property offers lower operational complexity for landlords and highly desirable amenities for tenants.
CONSRISKS & DEFICIENCIES
- Compact Living Spaces
With a total of just 1,576 square feet divided among three separate units, the individual layouts—especially the 3-bedroom configuration—are likely to be quite small and compact.
- Low-Rated Neighborhood Schools
The surrounding public schools, such as Thomas Jefferson Senior High and Harmony Elementary, have low performance ratings ranging from 2 to 3 out of 10, which may limit appeal for families with school-aged children.
About 1223 E 35th
Live in This Stunning, Fully Remodeled Los Angeles 3 Unit Property with Separate Meters where 2 Units are VACANT!!! Move into a gorgeous, completely vacant 3-bedroom, 2-bathroom main home featuring a bright and modern open-concept layout that is fully remodeled and move-in ready. With Private Parking available, this rare 3-unit property offers the ultimate dream for a future homeowner: you can live comfortably in the main house while using the other two units to pay your mortgage. With a vacant remodeled studio unit featuring its own kitchen and bathroom ready for immediate market rent, plus a third income-generating unit already in place, this property allows you to offset your living expenses significantly while building long-term wealth in a central LA location.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1924
- Lot Size
- 4,570 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Wadsworth Avenue Elementary School
Grades K-5 • 0.4 mi
3/10
Nevin Avenue Elementary School
Grades K-5 • 0.4 mi
4/10
Quincy Jones Elementary School
Grades K-5 • 0.4 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.7 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,576 | 2,148.648 |
| Lot Size | 4,570 | 5,855.757 |
| Price | $799.0K | $831.8K |
| Price per sq ft | $507 | $387 |
| Built year | 1924 | 1928 |
| HOA | $0 | $0 |
| Days on market | 57 | 87 |
Pricing History
Listed for Sale
Sep 24, 2026
$799,000
$859,000
-7% Price Drop
Initial Listing
Price Change
Aug 28, 2026
$859,000
Initial Listing
Sold
Apr 10, 2025
$600,000
Public Record