126 E 89th, Los Angeles, California 90003, Los Angeles, 90003 - 0 bed, 0 bath
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Los Angeles, California 90003
This Value-Add Quadruplex Asset is listed at $899,999, positioned near its $833,837 Fair Market Value. Featuring a Condition Rating of 4, the property offers Immediate Income Potential with three units currently occupied and one vacant for immediate market-rate optimization. Each of the four 2-Bedroom, 1-Bathroom Units includes Individual Laundry Hookups and On-Site Parking, providing functional amenities that support long-term tenant retention. With significant rental upside and a solid 1964 foundation, this is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to build equity through targeted cosmetic updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 126 E 89th Subject | $899,999* List Price | 0 | 0 | 3,204 | $260 | - |
A 146 E 89th Street Sold | $790,000 | 0 | 0 | 3,522 | $224 | 0.0 mi |
B 431 W 81st St Sold | $920,000 | 7 | 3 | 2,539 | $362 | 0.9 mi |
C 212 W 84th Sold | $875,000 | 0 | 0 | 3,952 | $221 | 0.5 mi |
D 213 E 87th Pl Active | $739,000 List Price | 0 | 0 | 2,723 | $271 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964, this quadruplex is well-maintained but shows clear signs of age. The interiors feature dated kitchen cabinetry, older tile countertops, and basic bathroom fixtures. While functional and currently occupied, the property lacks modern renovations and is positioned as a 'value-add' opportunity, requiring cosmetic and system updates to meet current market standards.
With three units currently rented and one vacant, the property offers immediate cash flow while allowing an owner-user or investor to set market rent for the vacant unit.
The quadruplex features a uniform layout of four 2-bedroom, 1-bathroom units, which are highly sought after in the rental market for long-term stability.
Each unit includes individual laundry hookups and access to on-site parking, providing essential conveniences that enhance tenant retention and property value.
Built in 1964, the property may require significant capital improvements or modernization to systems and interiors to maximize its long-term upside.
Managing a multi-unit residential income property in a high-density urban area requires active oversight and potential 'value-add' investment to realize its full financial potential.
Excellent investment opportunity in South Los Angeles! Rarely available quadruplex at 126 E 89th Street featuring four separate units – each with 2 bedrooms and 1 bathroom. Well-configured floorplans provide comfortable living space in each unit, with individual laundry hookups included. Plenty of on-site parking and strong long-term upside. Conveniently located near LAX, major freeways, and local amenities, this versatile property is ideal for owner-occupiers or investors looking to add quality rental units to their portfolio. Don’t miss this value-add opportunity in a desirable rental market! THREE UNITS CURRENTLY RENTED AND ONE UNIT VACANT !!!!!! OFFERING IMMEDIATE INCOME POTENTIAL
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,204 | 1,907 | 69% |
| Lot Size | 5,386 | 5,200 | 62% |
| Price | $900.0K | $770.0K | 71% |
| Price per sq ft | $281 | $360 | 29% |
| Built year | 1964 | 1930 | 64% |
| HOA | $0 | $0 | 50% |
| Days on market | 61 | 191 | 4% |
Feb 20, 2026
$899,999
Initial Listing
Mar 31, 2006
$650,000
Public Record
Aug 19, 2005
$550,000
Public Record
Oct 5, 2004
$400,000
Public Record
Jun 1, 2001
$304,000
Public Record
Feb 2, 2001
$200,000
Public Record