
Los Angeles, California 90026
This High-Potential Investment Opportunity is a versatile triplex listed at $1,749,000, positioned well below the $1,807,075 Fair Market Value by 3%. This valuation gap offers $58,075 in Instant Equity. Featuring a Condition Rating of 2, the property includes a renovated standalone residence and two income-generating units with new foundation and upgraded sewer lines. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a private home with significant supplemental income and future vertical expansion potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 135 N Vendome Street Subject | $1,749,000* List Price | 7 | 5 | 3,484 | $519 | - |
A 3538 London Active | $1,259,000 List Price | 5 | 3 | 2,258 | $558 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1912, the property has undergone a comprehensive recent renovation including a new foundation, new sewer lines, and upgraded electrical. The interiors feature mint-condition modern kitchens and bathrooms with contemporary finishes, black hardware, and new flooring, meeting the criteria for a high-end, maintenance-free renovation under 5 years old.
The property offers a versatile triplex configuration with a vacant front residence ideal for owner-users or high-yield rentals, plus two occupied rear units generating over $5,800 in monthly income.
Recent capital improvements include a new foundation designed for future vertical expansion, new sewer lines, and an upgraded drainage system, significantly reducing immediate deferred maintenance risks.
Rare for this high-density Los Angeles submarket, the property features a two-car garage plus a private driveway accommodating 4–5 additional vehicles, providing a major competitive advantage for tenants.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 4.
With the rear units currently occupied, a new owner may face limitations regarding immediate rent adjustments to market rates or the ability to perform extensive renovations on those specific units.
Despite recent renovations, the 1912 build date implies that the property may require more frequent preventative maintenance and oversight compared to modern construction.
A rare opportunity to own a standalone residence with built-in income, this thoughtfully renovated two-building triplex offers privacy, flexibility, and long-term potential in a central Los Angeles location. The front home—separate from the rear units—lives like a single-family residence, complete with its own driveway and carport accommodating 4–5 cars in tandem, a true luxury in the city. Inside, the front residence features two ensuite bedrooms, bonus upstairs living space, and an open-concept floorplan that flows seamlessly from the front door through the main living areas and out to the patio—ideal for everyday living or hosting. Recent upgrades include a new foundation (allowing for future vertical expansion, buyer to verify), new sewer lines serving both buildings, upgraded drainage with a sump pump system, a new side fence, and interior improvements such as updated medicine cabinets, tub, and additional electrical outlets. The rear building provides TWO ADDITIONAL REMODELED UNITS: 137 Vendome is a one-bedroom residence on the lower level and 137 1/2 Vendome is a three-bedroom residence above—along with an attached two-car garage. All units include in-unit laundry hookups, offering convenience for occupants and ease of ownership. The front detached home is currently furnished, vacant, and set up for 30+ day rentals, with the last registered rental rate at $8,950 per month. The two rear units are tenant-occupied and generate a combined monthly rental income of $5,857.34. Ongoing landlord expenses are minimal and primarily limited to water/refuse, yard maintenance, and pest service. Centrally located with quick access to Downtown Los Angeles and nearby cultural landmarks such as Dodger Stadium, the Walt Disney Concert Hall, and the Hollywood Bowl—each within approximately a 10-minute drive—this property is ideal for an owner-user seeking a private home with supplemental income and future upside.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 4.6 |
| Baths | 5.0 | 3.0 |
| Square foot | 3,484 | 2,187.451 |
| Lot Size | 6,001 | 5,841.385 |
| Price | $1.75M | $841.5K |
| Price per sq ft | $502 | $385 |
| Built year | 1912 | 1928 |
| HOA | $0 | $0 |
| Days on market | 5 | 85 |
Sep 4, 2026
$1,749,000
Initial Listing
Aug 12, 2022
$1,750,000
Public Record
Aug 31, 2018
$1,000,000
Public Record