1236 S Mullen Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 6 bed, 4 bath
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Los Angeles, California 90019
This Prime Investment Opportunity is a Triplex Multi-Unit Asset listed at $1,488,888, positioned slightly above the $1,458,892 Fair Market Value. While not a discount buy, the property offers immediate cash flow with $4,300 in monthly rental income from the rear units. Featuring a Condition Rating of 2 with modern renovations, including quartz kitchens and updated baths, this home requires no immediate maintenance. The property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a strategic house-hacking solution in a rapidly gentrifying Midtown location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1236 S Mullen Avenue Subject | $1,488,888* List Price | 6 | 4 | 2,314 | $630 | - |
A 1611 6th Avenue Active | $1,409,000 List Price | 6 | 3 | 1,884 | $748 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a high-end, modern renovation likely completed within the last 5 years. The main unit showcases a contemporary kitchen with quartz countertops, white shaker cabinets, and subway tile, alongside updated bathrooms with walk-in glass showers and floating vanities. Modern mini-split HVAC systems and recessed lighting have been installed, and the exterior is in mint condition, requiring no immediate maintenance.
The property functions as a triplex with a vacant 3-bedroom front house and two occupied rear units, offering a perfect 'house-hacking' opportunity or a high-yield investment.
Situated in a rapidly gentrifying neighborhood within the Hancock Park-Wilshire area, the property is positioned for significant long-term capital appreciation.
With the two rear units already generating a combined $4,300 per month in rental income, the buyer benefits from immediate revenue to offset mortgage costs.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 5.
The unavailability of a floor plan for the upstairs rear unit may complicate the due diligence process and create uncertainty for traditional financing appraisals.
Strict showing requirements, including mandatory proof of funds and a 'do not disturb occupants' policy, create friction that may limit the initial pool of prospective buyers.
Great time to invest in a rapidly gentrifying neighborhood in midtown .This gated single family home offers the perfect opportunity to live in one unit and rent out the other two. The 3 bedroom, 2 bath front home will be delivered vacant. The back units consist of a sunny 2 bedroom, 1 bath (getting 2700) and a comfortable furnished single (1600). No sign in front. Showings are by appointment only . Buyers must show proof of funds. Do Not Disturb Occupants. Floor plan for two-bedroom, one-bathroom upstairs rear unit is unavailable.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 95% |
| Baths | 4.0 | 2.0 | 75% |
| Square foot | 2,314 | 1,784.5 | 78% |
| Lot Size | 4,962 | 6,132.5 | 25% |
| Price | $1.49M | $1.31M | 64% |
| Price per sq ft | $643 | $784 | 23% |
| Built year | 1941 | 1928 | 78% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 147 | 6% |
May 8, 2026
$1,488,888
Initial Listing
Aug 16, 2016
$1,040,000
Public Record
Sep 29, 2015
$650,000
Public Record
Apr 23, 1999
$210,000
Public Record
Aug 27, 1998
$120,000
Public Record