1273 S Alma, Los Angeles, California 90023, Los Angeles, 90023 - 0 bed, 0 bath
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Los Angeles, California 90023
This Residential Income Triplex represents a high-yield Asset for those seeking immediate cash flow in the competitive Boyle Heights market. Listed at $819,000, the property is positioned accurately near its $813,669 Fair Market Value, reflecting a stable and fair market entry. Currently generating a robust $5,200 monthly income, the property carries a Fair Condition Rating and is sold as-is, offering clear value-add potential through future unit upgrades and the legalization of the studio. This acquisition is perfectly suited for Buy-and-Hold Investors or Multi-family Investors prioritizing consistent rental returns.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1273 S Alma Subject | $819,000* List Price | 0 | 0 | 1,518 | $536 | - |
A 1157 Wilkins Sold | $710,900 | 0 | 0 | 1,230 | $578 | 0.9 mi |
B 1327 S Gage Avenue Sold | $655,000 | 0 | 0 | 1,310 | $500 | 0.4 mi |
C 1153 1155 S Record Avenue Active | $699,900 List Price | 0 | 0 | 1,432 | $489 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1928, is explicitly stated as being in 'fair condition' and sold 'as-is' in the listing description. The exterior images support this, showing an aged property with visible wear and tear, faded paint, and cracked concrete, but not immediate signs of structural failure. While no interior images are provided for the kitchen and bathrooms, given the age and 'as-is' sale, it's highly probable these areas are outdated and require significant updates or minor repairs to meet modern standards. Major systems are likely functional but show signs of being outdated, aligning with the 'fair' condition criteria.
The property is fully leased, generating a substantial total monthly income of $5,200, providing immediate cash flow for investors.
As a triplex with an additional potential unpermitted studio unit, it offers diversified income streams and higher overall rental potential compared to single-family homes.
Located in Los Angeles (Boyle Heights), a high-demand urban rental market, ensuring consistent tenant interest and potential for long-term appreciation.
The property is sold 'as-is' and described as being in 'fair condition,' indicating that a buyer should anticipate significant repair, renovation, and upgrade costs.
While providing income, the presence of existing tenants limits immediate owner-occupancy, renovation plans, or rent adjustments, requiring adherence to tenant rights and eviction laws.
The garage converted into a studio unit is explicitly stated as 'unknown if permitted,' posing a significant risk of code violations, fines, or potential demolition requirements.
**$819,000. FULLY LEASED FOR SALE, 1275, 1273 & 1273 1/2 S ALMA AVE, RESIDENTIAL INCOME. 3 ON A LOT PLUS THE UNKNOWN IF PERMITTED GARAGE CONVERTED INTO A STUDIO WITH OWN BATHROOM. ( Triplex Property For Sale ) The front unit is a Duplex one-bedroom, one-bath unit. ** Rear House**: Two bedrooms, one bath, plus a bonus room used as a 3rd bedroom. All units are currently rented and will be delivered with tenants in possession. The property is being sold as-is in its present condition. If you're interested in a multi-family investment or looking for a great opportunity. IN FAIR CONDITION. FULLY LEASED. TENGO EL PRESTAMISTA QUÉ SÍ LE AYUDA A ENTRAR CON SOLO 3.5% DE ENGANCHE. Total income $4600 + $600 ( $5,200)
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 | 1,518 | 1,758 | 38% |
| Lot Size | 5,241 | 5,983 | 46% |
| Price | $819.0K | $710.9K | 85% |
| Price per sq ft | $540 | $410 | 69% |
| Built year | 1928 | 1923 | 85% |
| HOA | $0 | $0 | 50% |
| Days on market | 184 | 184 | 54% |
Feb 3, 2026
$819,000
$835,000
-2% Price Drop
Initial Listing
Jan 30, 2026
$835,000
$839,000
+0% Price Increase
Initial Listing
Nov 12, 2025
$839,000
$799,000
+5% Price Increase
Initial Listing
Oct 20, 2025
$799,000
Initial Listing
Sep 27, 2023
$675,000
Public Record