1566 Rollins, Los Angeles, California 90063, Los Angeles, 90063 - 0 bed, 0 bath
Loading property details...
Los Angeles, California 90063
This Non-Conforming Triplex Asset represents a Strong Value Opportunity, listed at $800,000—positioned well below the $863,538 Fair Market Value by 7%. This valuation gap provides $63,538 in Instant Equity. Maintaining a Good Condition Rating, the property features Granite Kitchens, dual-pane windows, and a Newer Roof from a comprehensive remodel five years ago. With seven bedrooms and on-site Coin-Operated Laundry, it offers high rental density near Cal State LA and DTLA. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house-hack.
Property is move-in ready.
Although originally built in 1947, the property underwent a full remodel approximately 5 years ago. It features updated kitchens with granite countertops and newer cabinets, dual-pane windows, and a newer roof. While the images show some minor cosmetic wear on walls and a weathered exterior deck, the units are functional, well-maintained, and move-in ready.
Configured as a triplex with a total of seven bedrooms and three units, this property offers significant rental yield potential, further bolstered by on-site coin-operated laundry income.
The property underwent a comprehensive remodel approximately five years ago, featuring granite countertops, newer cabinetry, dual-pane windows, and a newer roof, reducing immediate maintenance needs.
Ideally situated near Cal State LA and Downtown Los Angeles, the property is perfectly positioned to attract a consistent tenant base of students and urban professionals.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5661, other record lot size in square feet = 5989.
The property is utilized as a non-conforming triplex, which may complicate traditional financing options, impact appraisal values, and pose potential future zoning compliance risks.
With seven bedrooms distributed across only 1,820 square feet, the individual living spaces are relatively small, which could lead to higher tenant turnover or limited appeal for families.
This property features 7bedrooms 3bath. It's a large home that was converted into three units. There are two 3bed 1bath units and one 1bed 1bath unit. Situated in El Sereno/City Terrance East Los Angeles area. All three units where remodeled roughly 5 years ago and all units are still in good condition. This property is being used as a non conforming triplex. Kitchens have newer cabinets and all have granite counter tops, bath, floors, dual pane windows throughout and newer roof. The property has a coin up laundry that brings additional income. Near tons of LA City entertainment, near Cal State LA, near DTLA, near Dodgers stadium, Griffith Park, LA Zoo and many more tourist nearby attractions. Incredible opportunity to expand! The adjoining lot is also for sale (MLS #RS26095057). Purchase both properties together and take advantage of a special package discount
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 | 1,820 | 1,946 | 42% |
| Lot Size | 5,661 | 5,875 | 46% |
| Price | $800.0K | $787.0K | 58% |
| Price per sq ft | $440 | $376 | 81% |
| Built year | 1947 | 1924 | 85% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 185 | 4% |
May 1, 2026
$800,000
Initial Listing
Dec 5, 2017
$380,000
Public Record