1273 S Alma, Los Angeles, California 90023, Los Angeles, 90023 - bed, bath
1273 S Alma
Los Angeles, California 90023
Property Price
SUMMARY
Analysis of 1273 S Alma, Los Angeles, California 90023 is currently available with a list price of $819,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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images are provided for the kitchen and bathrooms, given the age and 'as-is' sale, it's highly probable these areas are outdated and require significant updates or minor repairs to meet modern standards. Major systems are likely functional but show signs of being outdated, aligning with the 'fair' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Rental Income
The property is fully leased, generating a substantial total monthly income of $5,200, providing immediate cash flow for investors.
- Multi-Unit Investment
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.
- Desirable Los Angeles Location
Located in Los Angeles (Boyle Heights), a high-demand urban rental market, ensuring consistent tenant interest and potential for long-term appreciation.
CONSRISKS & DEFICIENCIES
- As-Is & Fair Condition
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.
- Tenants in Possession
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.
- Unpermitted Conversion Risk
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.
About 1273 S Alma
**$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)
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1928
- Lot Size
- 5,241 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,518 | 1,681 | 42% |
| Lot Size | 5,241 | 5,544 | 42% |
| Price | $819.0K | $687.5K | 83% |
| Price per sq ft | $540 | $424 | 75% |
| Built year | 1928 | 1923 | 83% |
| HOA | $0 | $0 | 50% |
| Days on market | 137 | 166 | 33% |
Pricing History
Listed for Sale
Feb 3, 2026
$819,000
$835,000
-2% Price Drop
Initial Listing
Price Change
Jan 30, 2026
$835,000
$839,000
+0% Price Increase
Initial Listing
Price Change
Nov 12, 2025
$839,000
$799,000
+5% Price Increase
Initial Listing
Price Change
Oct 20, 2025
$799,000
Initial Listing
Sold
Sep 27, 2023
$675,000
Public Record