151 E 121st, Los Angeles, California 90061, Los Angeles, 90061 - 0 bed, 0 bath
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Los Angeles, California 90061
This Residential Income Triplex is listed at $849,999, currently positioned above the $656,082 Fair Market Value. The Asset features a versatile configuration of a 3-bedroom main house and two 2-bedroom units, maximizing Multi-Unit Income Potential with three one-car garages. With a Condition Rating of 5, the property requires a comprehensive renovation to address age-related neglect, representing a significant Value-Add opportunity in the Metropolitan South market. Located within the Los Angeles Unified School District, this is an ideal acquisition for Fix-and-Flip Investors or Contractors focused on forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 151 E 121st Subject | $849,999* List Price | 0 | 0 | 2,737 | $240 | - |
A 418 420 E 120th Street Sold | $707,000 | 0 | 0 | 2,220 | $318 | 0.3 mi |
B 418 E 120th Street Sold | $707,000 | 8 | 4 | 2,220 | $318 | 0.3 mi |
C 11714 Avalon Boulevard Sold | $750,000 | 0 | 0 | 2,495 | $301 | 0.5 mi |
D 211 E 119th Street Sold | $770,000 | 0 | 0 | 1,984 | $388 | 0.1 mi |
E 315 E 118th Pending | $785,000 List Price | 0 | 0 | 2,183 | $360 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1965, making it 59 years old. The exterior images reveal significant signs of age and neglect, including faded and dirty stucco, cracked concrete driveways, and the presence of multiple window-mounted AC units, indicating a lack of central heating/cooling and outdated major systems. There are no visible signs of recent renovations, and the overall appearance suggests the property requires substantial repairs and rehabilitation to meet modern living standards. While interior conditions (kitchen, bathrooms, flooring) cannot be assessed without images, the exterior strongly implies they would be similarly outdated and in poor condition.
As a triplex featuring a large 3-bedroom, 2-bath main house and two additional 2-bedroom, 1-bath units, this property offers significant rental income opportunities for investors or owner-occupants.
The diverse unit sizes (3/2 and two 2/1s) cater to a broader range of tenant needs, maximizing occupancy potential and rental yield.
The inclusion of three one-car garages provides essential off-street parking, a highly valued amenity in the Los Angeles market that enhances tenant appeal.
Built in 1965, the property is over 50 years old, suggesting it may require significant modernization, renovations, or updates to meet current market expectations and tenant preferences.
The recent price reduction from $899,900 to $849,999 could indicate initial overpricing, a lack of strong buyer interest, or potential underlying issues that warrant further investigation.
The description lacks details on recent upgrades or maintenance, implying the property might be in its original condition or require substantial capital expenditure for deferred maintenance or cosmetic improvements.
property features large 3-bedromms 2-baths house and large two stoty units 2-bedrooms 1 bath each, three one car garage, property is coneviently located within short distance to transportation.
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 | 2,737 | 2,220 | 70% |
| Lot Size | 7,639 | 6,041 | 90% |
| Price | $850.0K | $760.0K | 60% |
| Price per sq ft | $311 | $318 | 40% |
| Built year | 1965 | 1936 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 139 | 210 | 20% |
Jan 8, 2026
$849,999
$899,900
-6% Price Drop
Initial Listing
Dec 4, 2025
$899,900
Initial Listing