
Los Angeles, California 90026
This Renovated Multi-Unit Compound is listed at $1,985,000, representing a high-quality asset with a Condition Rating of 2. While the price sits above the $1,761,938 Fair Market Value, the valuation is supported by a new foundation, upgraded sewer lines, and a standalone front residence featuring a private patio. Located in the Los Angeles Unified School District, the property offers immediate rental income with a clear path to forced appreciation via submitted plans for a 3-bedroom ADU conversion. This turnkey "house-hack" is an ideal match for Owner-Occupants or Buy-and-Hold Investors seeking a low-maintenance, income-producing sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 135 N Vendome Street Subject | $1,985,000* List Price | 0 | 0 | 3,484 | $506 | - |
A 422 Parkman Active | $1,550,000 List Price | 6 | 4 | 2,548 | $608 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1912, the property has undergone extensive recent renovations that meet modern quality standards. Significant structural and systemic upgrades include a new foundation, new sewer lines, and updated electrical. The interiors feature high-end finishes, including modern kitchens with stainless steel appliances, updated bathrooms with contemporary fixtures, recessed lighting, and high-quality flooring throughout, making it a turn-key residence with no deferred maintenance.
The property features a standalone front residence that functions like a single-family home, offering a rare owner-user opportunity to live privately while collecting significant rental income from two additional rear units.
Significant capital improvements, including a new foundation, updated sewer lines, and a comprehensive drainage system, provide peace of mind and a solid base for future vertical expansion.
With submitted plans for a 3-bedroom ADU conversion and a roof deck, there is a clear and immediate path to increase the property's square footage, rental yield, and overall market value.
Originally built in 1912, the property may require more frequent maintenance and specialized care compared to newer constructions, despite the recent high-quality renovations.
While the property offers ample parking for 6-7 vehicles, the tandem configuration of the primary driveway can create logistical inconveniences for tenants sharing the space.
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 units—a one-bedroom residence on the lower level and 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 home is currently furnished and set up for 30+ day rental use, while existing rents include a scheduled 3% annual increase in May, bringing monthly rent to $5,857.34. Ongoing landlord expenses are minimal and primarily limited to water/refuse, yard maintenance, and pest service. There are also plans that have been submitted and are currently awaiting approval for an ADU layout involving a second-floor and roof deck conversion. The submitted plans illustrate the current downstairs floor plan along with a proposed upstairs conversion to create an additional 3-bedroom, 3-bath ADU with roof deck and separate access from a rear balcony (buyer to verify status and requirements). This presents a compelling opportunity for expanded living space or additional income potential. 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,484 | 2,648 | 71% |
| Lot Size | 6,001 | 5,287 | 57% |
| Price | $1.99M | $1.21M | 86% |
| Price per sq ft | $570 | $485 | 64% |
| Built year | 1912 | 1922 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 61 | 193 | 7% |
Apr 2, 2026
$1,985,000
$2,025,000
-2% Price Drop
Initial Listing
Feb 20, 2026
$2,025,000
Initial Listing
Aug 12, 2022
$1,750,000
Public Record
Aug 31, 2018
$1,000,000
Public Record