
Los Angeles, California 90062
This triplex presents a High-Potential Investment Opportunity with a List Price of $1,375,000, positioned above the $1,257,547 Fair Market Value. While the property requires significant capital to complete its Fair Condition Rating shell, the 100% Vacancy allows for immediate market-rate rent stabilization. The LARD 1.5 Zoning provides a strategic path for density expansion up to 10 units, offering long-term upside in a high-growth corridor. This asset is a calculated play for Buy-and-Hold Investors or Developers seeking to maximize redevelopment potential.
Property is extensive renovation needed.
Built in 1921, this property is currently undergoing renovations and is being sold in its 'current condition' as a vacant shell. While the provided images are only renderings, the actual property requires a full rehab to complete the kitchen, bathrooms, and systems. It is marketed as a value-add/redevelopment opportunity, fitting the criteria for a property needing significant rehabilitation.
The property is delivered 100% vacant, allowing an investor to bypass tenant relocation issues and establish current market-rate rents from day one.
Zoned LARD 1.5, the lot offers significant redevelopment potential for up to 8-10 units, providing a substantial long-term value-add opportunity for the right developer.
Situated in a rapidly developing area of Los Angeles with significant business investment, ensuring strong future appreciation and high tenant demand.
The property is being sold in its current mid-renovation state, requiring the buyer to assume the risk, time, and capital investment needed to finish the project.
The current list price reflects a substantial increase over its recent sale price, placing a high premium on a property that still requires significant work to be habitable.
We are pleased to present this Multifamily Investment opportunity located in Los Angeles consisting of if three units : (2) two-bedroom/one bath units and (1) one-bedroom/one bath unit. The property is currently undergoing renovations and is completely vacant and is being offered in its current condition. For buyers seeking a fully completed renovated property, pricing will be adjusted accordingly based on the scope and level of finishes requested. The property is currently vacant and this also adds value because the new buyer will be able to establish market rents day one. The property is zoned LARD 1.5 which may allow up to 8-10 total units, subject to the buyers verification with the city. This creates a strong value-add component and a redevelopment opportunity for the right investor seeking additional density and long-term upside potential. This area has shown tons of growth and lots of business development in the immediate area is good for economic growth. Rendered Pictures are Renderings of the existing structure.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 2,608 | 2,090.331 |
| Lot Size | 5,255 | 5,852.908 |
| Price | $1.38M | $830.9K |
| Price per sq ft | $527 | $394 |
| Built year | 1921 | 1928 |
| HOA | $0 | $0 |
| Days on market | 5 | 87 |
Nov 4, 2026
$1,375,000
Initial Listing
Apr 11, 2024
$720,000
Public Record