232 E 79th St Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath
ACTIVE$895,000
232 E 79th St Street, Los Angeles, California 90003
0Bed
0Bath
5,553Sqft
5,553Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Triplex: The property is a triplex, offering a robust opportunity for investors or owner-occupants to generate significant rental income from multiple units.
Top Cons:
Property Age: Built in 1959, the property is over 60 years old, which may imply outdated systems (plumbing, electrical, HVAC), potential for deferred maintenance, and the need for significant capital expenditures for modernization.
Compared to the nearby listings
Price:$895.0K vs avg $750.0K (+$145,000)76%
Size:5,553 sqft vs avg 1,902.5 sqft98%
Price/sqft:$161 vs avg $3655%
More Insights
Built in 1959 (66 years old).
Condition: Built in 1959, this triplex is over 60 years old. The listing explicitly notes a 'Lack of Renovation Details' and suggests units may be in 'original or dated condition,' requiring 'substantial investment' and 'significant capital expenditures for modernization.' The property analysis also highlights 'outdated systems (plumbing, electrical, HVAC).' With no interior images, especially of kitchens and bathrooms, and the mention of only one bathroom per unit (even for a 3-bedroom), it's highly probable these areas are severely outdated and require substantial repairs and rehabilitation to meet modern standards and tenant expectations. The exterior appears maintained but dated, reinforcing the need for significant interior upgrades.
Year Built
1959
Close
-
List price
$895K
Original List price
$895K
Price/Sqft
$161
HOA
-
Days on market
-
Sold On
-
MLS number
DW25053936
Home ConditionPoor
Features
View-
About this home
Triplex Main Home 3 Bedroom 1 bath front house and 2 back units each 2 bed 1 bathroom also has a small back yard in back of units to extend and a room to each unit. * Great opportunity for investors or owner-occupants looking to generate rental income!Spacious lot with ample parking, centrally located near schools, shopping, and public transportation. All units will be delivered Vacant
Price History
Date
Event
Price
04/16/18
Sold
$625,000
04/29/03
Sold
$286,000
07/03/02
Sold
$189,000
Condition Rating
Poor
Built in 1959, this triplex is over 60 years old. The listing explicitly notes a 'Lack of Renovation Details' and suggests units may be in 'original or dated condition,' requiring 'substantial investment' and 'significant capital expenditures for modernization.' The property analysis also highlights 'outdated systems (plumbing, electrical, HVAC).' With no interior images, especially of kitchens and bathrooms, and the mention of only one bathroom per unit (even for a 3-bedroom), it's highly probable these areas are severely outdated and require substantial repairs and rehabilitation to meet modern standards and tenant expectations. The exterior appears maintained but dated, reinforcing the need for significant interior upgrades.
Pros & Cons
Pros
Income-Generating Triplex: The property is a triplex, offering a robust opportunity for investors or owner-occupants to generate significant rental income from multiple units.
Vacant Delivery: All units will be delivered vacant, providing immediate flexibility for new ownership to set market rents, select tenants, or facilitate an owner-occupant strategy without lease encumbrances.
Development/Expansion Potential: The presence of a small backyard and potential 'room to each unit' suggests opportunities for future expansion, adding value, or increasing rental square footage.
Spacious Lot & Ample Parking: A spacious 5,553 sqft lot with ample parking is a valuable asset in a dense urban area like Los Angeles, enhancing tenant convenience and property appeal.
Central Location: Centrally located near schools, shopping, and public transportation, which is highly desirable for tenants and contributes to consistent demand and property value.
Cons
Property Age: Built in 1959, the property is over 60 years old, which may imply outdated systems (plumbing, electrical, HVAC), potential for deferred maintenance, and the need for significant capital expenditures for modernization.
Unit Bathroom Count: Each unit, including the 3-bedroom main house, features only one bathroom, which may not align with modern tenant expectations or family needs, potentially limiting rental appeal or market value.
Lack of Renovation Details: The property description does not mention any recent upgrades or renovations, suggesting the units may be in original or dated condition, requiring substantial investment to maximize rental income and tenant desirability.