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$859,000
EST. MARKET VALUE
$821,152
4% AboveMARKET VALUE
SUMMARY
This Triplex Residential Income property is a High-Potential Investment Opportunity, listed at $859,000—positioned slightly above the $821,152 Fair Market Value. Despite the premium, the property offers a Mint Condition Rating with a fully remodeled main home and studio, minimizing immediate capital expenditure. Featuring separate meters, private parking, and a patio, this asset is designed for efficient house-hacking. While local school ratings are modest, the income-generating potential makes this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Estimated Market Value
$821,152
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 | $859,000* List Price | 0 | 0 | 1,576 | $521 | - |
A 731 E 41st Place Sold | $1,045,000 | 0 | 0 | 2,080 | $502 | 0.6 mi |
B 4014 Mckinley Avenue Pending | $949,000 List Price | 0 | 0 | 1,536 | $618 | 0.4 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.
The property has undergone a comprehensive, modern remodel within the last 5 years. It features a bright open-concept layout, new laminate flooring, recessed lighting, updated kitchens with modern cabinetry, and new windows. The exterior and landscaping are also newly updated, making it a mint-condition, move-in ready triplex.
PROSSTRENGTHS & OPPORTUNITIES
- Income Generation Potential
This triplex offers a rare opportunity for house-hacking, allowing an owner to live in the vacant 3-bedroom main house while utilizing the vacant studio and the third occupied unit to significantly offset mortgage expenses.
- Turnkey Remodeled Condition
The property features a fully remodeled main home and studio with modern open-concept layouts, providing a move-in-ready experience that minimizes immediate capital expenditure for the buyer.
- Operational Efficiency
Equipped with separate utility meters for each unit and private parking, the property simplifies management and reduces owner overhead, making it an attractive asset for long-term wealth building.
CONSRISKS & DEFICIENCIES
- Underperforming School District
The majority of assigned and nearby schools carry low performance ratings (ranging from 2 to 4), which may limit the property's appeal to families and impact long-term appreciation potential.
- Vintage Structural Age
Originally built in 1924, the property may possess underlying infrastructure challenges typical of century-old buildings that recent cosmetic renovations might not fully address.
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 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,576 | 2,187.451 |
| Lot Size | 4,570 | 5,841.385 |
| Price | $859.0K | $841.5K |
| Price per sq ft | $545 | $385 |
| Built year | 1924 | 1928 |
| HOA | $0 | $0 |
| Days on market | 12 | 85 |
Pricing History
Listed for Sale
Aug 28, 2026
$859,000
Initial Listing
Sold
Apr 10, 2025
$600,000
Public Record