1500 Allison, Los Angeles, California 90026, Los Angeles, 90026 - 0 bed, 0 bath
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Los Angeles, California 90026
This Income-Generating Triplex in the Silver Lake - Echo Park corridor is a strategic Value-Add Asset listed at $1,398,000. Positioned near its $1,329,761 Fair Market Value, the property carries a Fair Condition Rating and a "SELLER MOTIVATED" status, signaling a strong opportunity for price negotiation. Built in 1900, the units require modernization to maximize rental yields in the high-demand 90026 zip code. Proximity to Top-Rated Schools like John Marshall Senior High (Rating 8) and Clifford Street Elementary (Rating 8) ensures consistent tenant demand. This is a premier opportunity for Buy-and-Hold Investors or Owner-Occupants seeking a high-upside urban residence.
Property is moderate renovation needed.
Built in 1900, this triplex shows a mix of updates across its units. While one kitchen features more modern white shaker cabinets, newer tile, and a mini-split AC, another unit's kitchen has older dark cabinets, laminate countertops, and dated light fixtures. Bathrooms also show older tile work. The property is aged but appears maintained, with functional components that are often outdated. Given its age and the inconsistent renovation levels, it requires minor to moderate updates and potential major system overhauls to meet current standards, aligning with a 'Fair' condition.
The property is a triplex, offering immediate income potential and flexibility for owner-occupancy with rental units, a significant draw for investors or savvy homeowners.
Situated in the highly desirable Silver Lake - Echo Park area (90026), known for its vibrant community, amenities, and strong real estate appreciation.
The explicit 'SELLER MOTIVATED' note coupled with a recent price reduction indicates a strong opportunity for buyers to negotiate a favorable deal.
Constructed in 1900, the property is very old, suggesting a high likelihood of needing substantial investment in updating critical systems (plumbing, electrical, HVAC, roof, foundation) to ensure safety and functionality.
The 'seller motivated' status and age imply the property is likely being sold 'as-is' and will require significant cosmetic and structural renovations to maximize rental income and market value, incurring substantial costs and effort for the buyer.
With a lot size of only 2722 sqft for a triplex, outdoor space may be minimal, potentially limiting tenant amenities or future expansion opportunities, which could be a drawback in the Los Angeles market.
SELLER MOTIVATED !!!
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-5 • 0.8 mi
Grades K-6 • 0.9 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 | 1,600 | 2,351 | 14% |
| Lot Size | 2,722 | 4,682 | 14% |
| Price | $1.40M | $1.21M | 79% |
| Price per sq ft | $874 | $485 | 86% |
| Built year | 1900 | 1922 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 180 | 203 | 50% |
Dec 15, 2025
$1,398,000
$1,428,888
-2% Price Drop
Initial Listing
Oct 24, 2025
$1,428,888
Initial Listing
Aug 27, 2021
$645,000
Public Record
Nov 6, 2015
$468,000
Public Record
Sep 15, 2000
$102,000
Public Record