229 W 70th, Los Angeles, California 90003, Los Angeles, 90003 - 0 bed, 0 bath
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Los Angeles, California 90003
This Turnkey Triplex Investment is listed at $1,425,000, representing a stabilized asset priced near its $1,363,975 Fair Market Value. The property boasts an Excellent Condition Rating after a comprehensive remodel including modern white shaker cabinetry, stone countertops, and a stunning City Lights View. Each unit is equipped with dedicated washer and dryer connections, a premium feature that drives tenant demand and supports strong rental yields. This move-in-ready multi-family property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-quality house-hack opportunity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 229 W 70th Subject | $1,425,000* List Price | 0 | 0 | 2,655 | $514 | - |
A 126 W 66th Active | $1,199,997 List Price | 0 | 0 | 2,790 | $430 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation and is presented in turnkey condition. Interior upgrades include modern white shaker cabinetry, stone countertops, updated black hardware, contemporary wood-look tile flooring throughout, and completely remodeled bathrooms with new tile work and fixtures. Despite the 1962 build date, the recent comprehensive updates to all visible surfaces and components meet the criteria for excellent condition.
The property has been completely remodeled, offering a move-in-ready opportunity for investors to generate immediate rental income without the need for additional capital expenditures.
Each unit is equipped with dedicated washer and dryer connections, a premium feature that increases tenant retention and allows for higher-than-average market rents.
As a triplex in the Los Angeles market, this property provides diversified income across three units, offering better risk mitigation and cash flow potential than single-family investments.
With a list price of $1.425M following a 2018 sale of $660k, the significant price appreciation may result in a lower capitalization rate for investors seeking high immediate yields.
Built in 1962, the property may still possess aging core systems or structural elements that require long-term maintenance, despite the recent cosmetic and interior renovations.
Income producing property completely remodeled turnkey with each unit having washer and dryer connections..
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 | 2,655 | 1,907 | 66% |
| Lot Size | 5,158 | 5,164 | 50% |
| Price | $1.43M | $780.0K | 95% |
| Price per sq ft | $537 | $364 | 89% |
| Built year | 1962 | 1928 | 64% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 203 | 2% |
Apr 9, 2026
$1,425,000
Initial Listing
Aug 1, 2018
$660,000
Public Record