
Los Angeles, California 90011
This Versatile Income-Generating Triplex represents a Prime Investment Opportunity with a List Price of $990,000—positioned well below the $1,019,281 Fair Market Value by 2%. This valuation gap secures $29,281 in Instant Equity. Boasting a Condition Rating of 3, the property features two recently renovated rear units with modern kitchens and new flooring, while the 6,483 sq ft LARD2 lot offers significant future development upside. Located near the top-rated Twentieth Street Elementary, this asset is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house hack.
Property is move-in ready.
Although originally built in 1904, the property is well-maintained with two of the three units recently renovated to include modern kitchens, remodeled bathrooms, new flooring, and fresh paint. The vacant units are move-in ready with contemporary finishes, while the occupied front unit remains functional and in fair-to-good condition, despite showing more age in common areas like the stairwell.
With two vacant, move-in ready units, an investor can secure market-rate tenants immediately, while the occupied front unit provides steady cash flow from day one.
The two rear units feature significant upgrades, including remodeled kitchens, new flooring, and fresh paint, minimizing initial renovation costs for the new owner.
Situated on a 6,483 sq ft LARD2 lot, the property offers significant long-term value through potential expansion or redevelopment in a high-demand rental market.
The primary 4-bedroom unit is currently occupied, which may limit immediate rental increases to market rates or restrict full access for owner-users.
Originally constructed in 1904, the property may require ongoing maintenance or upgrades to aging structural and mechanical systems typical of century-old buildings.
Opportunity like this doesn’t come around often. This 3-unit property in Los Angeles offers a rare combination of immediate usability and long-term upside. The property features a front 4 bedroom, 2 bath unit that is currently tenant occupied, providing stable income, along with two rear units that are vacant and move-in ready. The rear units include a 2 bedroom, 1 bath and a 1 bedroom, 1 bath, both updated with modern finishes including upgraded kitchens, remodeled bathrooms, new flooring, and fresh interior paint. For an owner-user, this is a chance to live in one unit while generating income from the others. For an investor, the vacant units allow for immediate rental placement at current market rates, creating strong income potential from day one. Situated on a 6,483 sq ft LARD2 lot, the property also offers future development potential (buyer to verify), adding another layer of long term value. The layout provides separate entrances and functional spacing between units, enhancing privacy and usability. Centrally located near schools, shopping, major freeways, and public transportation, this is a versatile asset in a high-demand rental market. Whether you're looking to house hack, expand your portfolio, or position yourself for future growth, this property checks multiple boxes.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 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 | 3,114 | 2,040.5 | 88% |
| Lot Size | 6,479 | 5,307 | 75% |
| Price | $990.0K | $747.5K | 81% |
| Price per sq ft | $318 | $364 | 41% |
| Built year | 1904 | 1912 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 209 | 3% |
Apr 9, 2026
$990,000
Initial Listing
Nov 5, 2024
$75,000
Public Record
May 10, 2005
$300,000
Public Record