138 W 82nd Street, Los Angeles, California 90003, Los Angeles, 90003 - 4 bed, 3 bath
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Los Angeles, California 90003
This Renovated Income-Generating Triplex is a Strong Value Opportunity, listed at $899,000—positioned well below the $959,794 Fair Market Value by 6%. This valuation gap offers $60,794 in Instant Equity. Boasting an Excellent Condition Rating, the property features modern grey laminate flooring, white shaker cabinets, and stone countertops. With one unit delivered vacant and two at market rent, it provides immediate cash flow and dedicated on-site parking. This turnkey asset is the perfect fit for Owner-Occupants or First-Time Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 138 W 82nd Street Subject | $780,000* List Price | 4 | 3 | 2,288 | $370 | - |
A 8311 Avalon Active | $899,997 List Price | 0 | 0 | 2,088 | $431 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation, featuring modern grey laminate flooring, recessed lighting, and updated kitchens with white shaker cabinets and stone countertops. Bathrooms are fully remodeled with contemporary marble-patterned tiling and new fixtures, presenting a virtually new interior that meets current quality standards.
With one unit delivered vacant and two units already performing at market rent, this triplex offers immediate cash flow and a rare opportunity for an owner-user to occupy a unit while offsetting their mortgage.
Each of the three units includes its own dedicated parking space, a premium and highly sought-after amenity in South Los Angeles that enhances tenant desirability and property value.
The two 1-bedroom units feature additional flex spaces, providing versatile floor plans that can accommodate home offices or creative areas, appealing to a wider range of modern renters.
Built in 1923, the property may require more frequent maintenance or future capital expenditures to address aging systems common in 100-year-old buildings.
The owner is responsible for water and trash expenses, which can fluctuate and impact the net operating income compared to properties where all utilities are sub-metered to tenants.
MAJOR $119K PRICE REDUCTION. VALUE-ADD TRIPLEX WITH STRONG IN-PLACE INCOME! Exceptional investment opportunity in South Los Angeles with immediate cash flow and upside potential. UNIT MIX: (1) 2BD / 1BA plus (2) 1BD + flex space / 1BA. This triplex offers solid in-place income with the ability to increase returns through lease-up of the vacant unit and future rental adjustments. INVESTMENT HIGHLIGHTS: Dedicated parking for each unit (high-demand amenity). Tenants pay gas & electricity (low expense burden). Owner pays water & trash. Strong rental demand in centrally located South LA pocket. Ideal for cash flow investors, 1031 exchange buyers, or value-add investors. Positioned near major freeways, employment hubs, and neighborhood amenities, supporting long-term tenant demand and rent growth. DO NOT DISTURB TENANTS. Vacant unit available for showing. CONTACT LISTING AGENT FOR RENT ROLL & FINANCIALS.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 79% |
| Baths | 3.0 | 1.5 | 93% |
| Square foot | 2,288 | 1,098 | 95% |
| Lot Size | 5,326 | 5,207.5 | 60% |
| Price | $780.0K | $614.5K | 93% |
| Price per sq ft | $341 | $523 | 14% |
| Built year | 1923 | 1923 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 201 | 5% |
Apr 17, 2026
$780,000
$899,000
-13% Price Drop
Initial Listing
Mar 17, 2026
$899,000
Initial Listing