
Los Angeles, California 90007
This Triplex Residential Income Asset represents a High-Potential Investment Opportunity, listed at $949,900—positioned slightly above the $914,019 Fair Market Value. While the property requires attention due to its Fair Condition Rating and 1895 vintage infrastructure, the Prime USC Location and Versatile Income Potential—including two completed ADUs and a solar system—provide a stable foundation for rental growth. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage student housing demand in a high-density market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1522 W 29th Subject | $949,900* List Price | 3 | 3 | 1,664 | $549 | - |
A 1340 1342 W 25th Pending | $975,000 List Price | 0 | 0 | 1,954 | $499 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1895, the property is functional but dated. While the listing mentions recent ADU conversions and solar panels, the main house interior shows a kitchen with older cabinetry and appliances likely exceeding 20 years in age. The utility area shows aged systems and unfinished surfaces, indicating a need for cosmetic and minor system updates.
Situated just a 10-minute walk from the University of Southern California, this property is perfectly positioned to capitalize on the high-demand student housing market and consistent rental pool.
The triplex configuration, featuring a 3-bedroom main house and two completed ADU studios, provides multiple revenue streams and flexibility for owner-occupants or savvy investors.
The inclusion of a solar power system is a significant value-add that helps offset utility costs, improving the property's net operating income and long-term sustainability.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Built in 1895, the property's age may require more frequent maintenance and potential upgrades to aging electrical, plumbing, or structural systems compared to modern builds.
With a total of 1,664 square feet split across three units, the individual living spaces—particularly the studio ADUs—are relatively small, which may limit the tenant profile to single occupants.
INCREDIBLE USC AREA TRIPLEX OPPORTUNITY!!! Exceptional opportunity to acquire a versatile triplex just a short 10-minute walk from USC. This well-maintained property offers tremendous flexibility for investors, developers, student housing operators, or owner-occupants looking to capitalize on one of Los Angeles' strongest rental markets. The property consists of a spacious 3-bedroom, 1.5-bath front house and a separate duplex featuring two ADU studio units situated above three garages. The ADU conversions are complete. Unique opportunity offering exceptional flexibility for owner-users and investors. Contact the listing agent for occupancy details. Opportunities like this in the USC area are increasingly difficult to find and provide numerous possibilities for rental income, student housing, owner occupancy, or long-term investment strategies. Additional features include a solar system to help offset utility costs, excellent overall condition, garage space, and a prime location near USC, Downtown Los Angeles, Exposition Park, BMO Stadium, shopping, dining, public transportation, and major freeway access. Properties offering multiple units, solar, garage space, ADU potential, and close proximity to USC are becoming increasingly rare. Do not miss this exceptional investment opportunity. Buyer to verify all information, square footage, solar, permits, zoning, ADUs, and development opportunities to their own satisfaction.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 5.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,664 | 2,250 |
| Lot Size | 4,043 | 5,864 |
| Price | $949.9K | $826.7K |
| Price per sq ft | $571 | $395 |
| Built year | 1895 | 1925 |
| HOA | $0 | $0 |
| Days on market | 44 | 83 |
Jun 8, 2026
$949,900
Initial Listing
Dec 26, 2024
$965,000
Public Record
Oct 3, 1997
$160,000
Public Record