
Los Angeles, California 90065
This Triplex Residential Income Asset is a Strong Value Opportunity, listed at $975,000—positioned well below the $1,045,891 Fair Market Value by 6%. This valuation gap offers $70,891 in Instant Equity. Featuring a Fair Condition Rating with recent plumbing upgrades, the property requires cosmetic improvements to maximize rental yields. Its prime Glassell Park location near Eagle Rock Boulevard ensures high tenant demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hacking strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2206 W Avenue 30 Subject 0 bd · 0 ba · 2,744 sqft · $381 | $975,000* List Price | 0 | 0 | 2,744 | $381 | - |
A 3311 Alice Active 0 bd · 0 ba · 2,254 sqft · $441 · 0.8 mi | $995,000 List Price | 0 | 0 | 2,254 | $441 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1938 and largely unrenovated for decades, the property shows significant deferred maintenance. While the plumbing has been replaced, the interiors feature dated kitchens, window AC units, and wall heaters. Specifically, the bathroom shows visible floor damage/missing tiles, and the overall condition across the three units necessitates a comprehensive rehab to meet modern standards.
This triplex features three 2-bedroom, 1-bathroom units, offering significant rental income potential or a 'house-hacking' opportunity for families to live in one unit while leasing the others.
Ideally situated near Eagle Rock Boulevard, the property boasts high walkability to local schools, grocery stores, and trendy cafes, making it highly attractive to future tenants.
The plumbing system has been completely replaced, providing peace of mind and reducing immediate capital expenditure for a property of this vintage.
The property is noted as needing 'TLC,' suggesting that buyers will need to budget for cosmetic or functional renovations to maximize its market value and rental rates.
Built in 1938, the property may present typical challenges associated with older structures, such as dated electrical systems or limited modern insulation, requiring ongoing upkeep.
Located in the heart of Glassell Park, this triplex offers an opportunity for investors and families looking to own property in Northeast Los Angeles. Family owned since 1964, the property features three 2-bedroom, 1-bathroom units . The front unit is a single-family residence with its own entrance, while the second and third units are located in a separate building behind it, facing the main street. Investors can look at establishing NEW rental income across three separate units, while families may appreciate the opportunity to live in one unit and explore the possibilities of the additional spaces. The plumbing has been completely replaced, and although the property needs some TLC, it offers room for improvements and the chance to make it your own. Location is a major highlight. Situated just off Eagle Rock Boulevard, the property is across the street from Glassell Park Elementary School and less than a block from Super A Foods. Sotomayor Arts and Sciences Magnet, local cafes, bars, parks, and other neighborhood conveniences are nearby. The area also offers access to Mount Washington, Eagle Rock, Cypress Park, and Highland Park, along with Occidental College, the LA River bike trails, and Rio de Los Angeles State Park, where residents can enjoy bike paths, sports fields, and playgrounds. With Downtown Los Angeles less than a 20-minute drive away and Dodger Stadium approximately 20 minutes away, the property offers a convenient location for those who want to stay connected to the city while enjoying a more relaxed neighborhood setting. Whether you’re an investor looking to expand your portfolio or a family searching for a property with room to grow, this Glassell Park triplex offers an opportunity to create something of your own in an established and evolving Los Angeles community.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 2,744 | 2,090.331 |
| Lot Size | 4,436 | 5,852.908 |
| Price | $975.0K | $830.9K |
| Price per sq ft | $355 | $394 |
| Built year | 1938 | 1928 |
| HOA | $0 | $0 |
| Days on market | 11 | 87 |
Oct 29, 2026
$975,000
Initial Listing