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1238 W 90th Place, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath

1238 W 90th Place, Los Angeles, California 90044 home-pic-0
ACTIVE$1,200,000
1238 W 90th Place, Los Angeles, California 90044
0Bed
0Bath
2,314Sqft
6,078Lot
Year Built
1923
Close
-
List price
$1.2M
Original List price
$1.32M
Price/Sqft
$519
HOA
-
Days on market
-
Sold On
-
MLS number
SB25083155
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(91th), sqft - 2314(59th), beds - undefined(50th), baths - undefined(50th).

Please refer to the attached Offering Memorandum. This extensively renovated triplex presents a rare opportunity to acquire a turnkey multifamily asset in a desirable and supply-constrained submarket. The front house, approximately 936 square feet, is currently operating as a short-term rental and could easily transition to a furnished mid-term or long-term rental. The two rear units are approximately 678 square feet. Additional highlights include secure access, covered parking. This asset is well-suited for both seasoned investors and owner-users seeking income with flexibility. Please refer to the attached Offering Memorandum for financials and further information.

Price History

Date
Event
Price
08/19/25
Price Change
$1,200,000
04/21/25
Listing
$1,325,000
12/05/22
Sold
$720,000
Condition Rating
Excellent
Despite being built in 1923, the property has undergone an extensive and recent renovation, as stated in the description and evidenced by the images. The interior features modern grey-toned flooring, fresh white paint, and contemporary light fixtures. The kitchen, though not fully pictured, shows new white cabinetry and modern appliances/kitchenware. One bathroom is fully updated with modern black and white finishes, including a new vanity, shower, and fixtures. The other bathroom, while more basic, is clean and functional. The presence of modern Daikin mini-split AC units throughout indicates updated climate control. The exterior also appears freshly updated with new paint, porch, and artificial turf. All components appear new or virtually new, meeting current quality standards with no deferred maintenance, making it a turnkey asset.
Pros & Cons

Pros

Income-Generating Triplex: The property is a triplex, explicitly marketed as a 'Residential Income' and 'turnkey multifamily asset,' providing multiple streams of rental income.
Extensively Renovated: Described as 'extensively renovated,' the property likely requires minimal immediate capital expenditure, offering a ready-to-operate asset.
Flexible Rental Strategy: The front house is currently a short-term rental with easy conversion to mid-term or long-term, offering flexibility to adapt to market demands and maximize income.
Desirable Submarket: Located in a 'desirable and supply-constrained submarket' in Los Angeles, indicating strong rental demand and potential for property value appreciation.
Secure Access & Covered Parking: The inclusion of secure access and covered parking are valuable amenities that enhance tenant appeal and property security, especially in an urban setting.

Cons

Age of Property: Despite being 'extensively renovated,' the property's original construction year (1923) suggests potential for underlying infrastructure challenges or higher long-term maintenance costs compared to newer builds.
Financials Not Publicly Disclosed: Critical financial performance data (e.g., current rents, operating expenses, cap rate) is not provided in the public listing description, requiring interested parties to request and review a separate Offering Memorandum for full due diligence.
Unit Size Disparity: The units are not uniform in size (936 sqft for the front, 678 sqft for the two rear units), which could lead to varying tenant profiles, rental income expectations, and potentially different management considerations.

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