209 W 89th, Los Angeles, California 90003, Los Angeles, 90003 - 0 bed, 0 bath
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Los Angeles, California 90003
This triplex presents a Strong Value Opportunity, listed at $778,500—positioned well below the $779,000 Fair Market Value by 0.06%. This property offers $500 in Instant Equity. With a Condition Rating of 4, the structure requires ongoing maintenance but provides immediate cash flow through established tenants. Its strategic location near DTLA and separate parking access ensure long-term rental demand. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking to offset mortgage costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 209 W 89th Subject | $778,500* List Price | 0 | 0 | 1,674 | $465 | - |
A 146 83rd Street Sold | $760,000 | 0 | 0 | 1,800 | $422 | 0.6 mi |
B 147 E 95th Street Sold | $599,000 | 0 | 0 | 1,440 | $416 | 0.4 mi |
C 350 E 97th Sold | $770,000 | 0 | 0 | 1,888 | $408 | 0.7 mi |
D 155 157 W 103 Street Sold | $710,000 | 0 | 0 | 1,352 | $525 | 0.9 mi |
E 433 W Century Sold | $675,000 | 0 | 0 | 1,640 | $412 | 0.7 mi |
F 157 E 104th Street Pending | $799,000 List Price | 0 | 0 | 1,734 | $461 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1920, the property shows evidence of cosmetic updates including newer laminate flooring and some floor tiling. However, the overall condition remains dated with older metal-frame windows, aged stucco, and visible wear on interior walls and doors. While functional as a multi-unit rental, the age of the structure and lack of comprehensive system overhauls (HVAC/Electric) suggest a need for ongoing maintenance and modernization.
This triplex features well-established tenants with a consistent payment history, offering immediate rental income and a solid foundation for investors or owner-occupiers looking to offset mortgage costs.
The property offers unique front and rear parking access with separate entry points for tenants, effectively eliminating common parking disputes and enhancing tenant satisfaction.
Situated minutes from DTLA and major freeways, the property is ideally located near employment hubs and shopping, ensuring long-term desirability and low vacancy rates.
Built in 1920, the property may require significant capital expenditure for updates to aging plumbing, electrical, or structural systems common in older buildings.
With only 1,674 total square feet divided among three units, the living spaces are relatively small, which may limit the pool of potential tenants or future rent growth.
Great opportunity to own a 3-unit income property generating Great rental income. Ideal for a first-time buyer looking to live in one unit and offset their mortgage, or an investor seeking immediate cash flow. Property features front and rear parking access, with tenants accessing their parking through separate private entry points, helping avoid common parking issues. Well-established, friendly tenants with consistent payment history. Rent roll and receipts available, making this an easy and transparent investment. Located just minutes from freeway access and close to DTLA, major event centers, shopping, and employment hubs, making it a highly desirable rental location. Don’t miss this strong income-producing property with solid fundamentals and long-term upside.
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 | 1,674 | 2,212 | 31% |
| Lot Size | 5,400 | 5,278.5 | 67% |
| Price | $778.5K | $765.0K | 56% |
| Price per sq ft | $465 | $359 | 78% |
| Built year | 1920 | 1929 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 198 | 3% |
May 20, 2026
$778,500
$779,000
+0% Price Increase
Initial Listing
May 4, 2026
$779,000
Initial Listing
Nov 22, 2019
$480,000
Public Record