
Los Angeles, California 90019
Analysis of 1328 3rd, Los Angeles, California 90019 is currently available with a list price of $1,059,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1903, this triplex is marketed as a 'value-add' investor opportunity requiring renovation and repositioning. The listing description and property analysis explicitly highlight aging infrastructure and the need for substantial maintenance. With one unit specifically identified for renovation to increase rental income and the property's overall age exceeding 120 years, it likely requires significant updates to major systems, kitchens, and bathrooms to meet modern standards.
Centrally positioned between Koreatown, Arlington Heights, and Mid-Wilshire, this property sits in a high-demand rental market with excellent access to major Los Angeles job centers.
Zoned LARD1.5 on a generous 7,502 sqft lot, the property offers significant upside through unit renovations, repositioning, or potential future development and ADU additions.
The inclusion of approximately six covered carport spaces is a rare and highly coveted amenity in dense Los Angeles neighborhoods, significantly enhancing tenant retention and property value.
The rear unit is currently four months behind on rent, presenting an immediate cash flow challenge and potential legal or relocation hurdles for a new investor.
Built in 1903, the property likely requires substantial maintenance or modernization of major systems to address the wear and tear associated with a century-old structure.
Investor opportunity in prime Mid-City Los Angeles – triplex with value-add potential. Located between Koreatown, Arlington Heights, and Mid-Wilshire, this centrally positioned multifamily income property offers strong rental demand, excellent tenant access to major job centers, and long-term upside in one of Los Angeles’ most desirable rental markets. The property features three units including a 2-bedroom / 1-bath front unit with interior parking, a 1-bedroom / 1-bath middle unit, and a spacious 3-bedroom / 1-bath rear unit, providing a versatile unit mix that attracts a wide range of tenants. The lot also includes approximately six covered carport parking spaces, a highly desirable amenity in dense Los Angeles neighborhoods. Two units are currently generating rental income, while the rear unit presents value-add potential for investors looking to renovate and reposition the property to increase rental income. Front or middle unit potentially may come vacant with the right offer. Back Unit is behind on 4 month payments. This also creates an excellent house-hack opportunity for an owner-occupant looking to live in one unit while offsetting the mortgage with rental income from the other units. Zoned LARD1.5, the property may offer future development potential and additional land value in a high-growth Los Angeles submarket (buyer to verify with city). Conveniently located near Downtown Los Angeles, Koreatown, public transportation, restaurants, shopping, and major employment centers, this property benefits from consistent tenant demand and strong long-term appreciation potential. Whether you're looking for a Los Angeles triplex investment, rental income property, house-hacking opportunity, or ADU development play, this Mid-City multifamily property offers flexibility, income potential, and a prime central location.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.8 mi
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 | 2,347 | 2,788 | 45% |
| Lot Size | 7,502 | 6,098.5 | 80% |
| Price | $1.06M | $1.08M | 50% |
| Price per sq ft | $451 | $457 | 50% |
| Built year | 1903 | 1926 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 228 | 5% |
Mar 3, 2026
$1,059,000
Initial Listing
Nov 18, 1999
$207,000
Public Record
Sep 22, 1994
$141,000
Public Record