237 W 50th, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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Los Angeles, California 90037
This Value-Add Triplex Investment is listed at $749,900, strategically located in a high-demand rental corridor near USC and the Expo Line. With a Fair Market Value of $695,882, the price reflects the property's significant income potential and unique detached 2-bedroom craftsman bungalow. Currently holding a Condition Score of 5, the asset requires infrastructure modernization, presenting a clear opportunity for forced appreciation through renovation. This is a strategic acquisition for Buy-and-Hold Investors or Fix-and-Flip Investors looking to capitalize on the Downtown L.A. market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 237 W 50th Subject | $699,000* List Price | 0 | 0 | 2,019 | $309 | - |
A 250 W 49th Street 2 Sold | $593,000 | 0 | 0 | 2,052 | $289 | 0.0 mi |
B 725 727 W 50th Street Sold | $625,000 | 0 | 0 | 1,916 | $326 | 0.5 mi |
C 916 W 53rd St Street Sold | $805,000 | 0 | 0 | 2,012 | $400 | 0.8 mi |
D 621 W 54th Street Sold | $722,000 | 0 | 0 | 1,790 | $403 | 0.5 mi |
E 323 W 47th Active | $839,000 List Price | 0 | 0 | 1,925 | $436 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1908, this property exhibits significant signs of age and deferred maintenance. The exterior shows worn siding and a lack of modern updates, while the property analysis explicitly notes that the historic infrastructure likely requires major upgrades to plumbing and electrical systems. Marketed primarily as an investment opportunity rather than a move-in ready home, it requires substantial rehabilitation to meet current quality and safety standards.
Centrally located near USC, the Expo Line, and major cultural hubs like LAFC and museums, ensuring consistent tenant demand and long-term appreciation.
The property includes a detached 2-bedroom craftsman bungalow with its own private yard, providing a unique rental offering that commands higher market rates.
As a triplex with multiple units, this property offers diversified revenue streams and is positioned as a high-performing residential income asset.
Dating back to 1908, the property likely requires significant maintenance or upgrades to aging systems like plumbing and electrical to meet modern standards.
The absence of a specified cooling system and limited mention of parking facilities may impact the property's competitiveness among modern renters.
Great investment opportunity. Triplex in a great location centrally located close to Expo line, LAFC, USC, museums transportation and much more. Front units are 1 bedroom 1 bathroom. Back unit is detached 2-bedroom 1 bath with its own yard craftsman bungalow style. Great rental income. Do not miss this great opportunity to own a great income producing investment. Showings will be on Saturday 4th from 10:30 to 12:30 pm.
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 | 2,019 | 2,012 | 53% |
| Lot Size | 5,442 | 5,442 | 50% |
| Price | $699.0K | $855.0K | 16% |
| Price per sq ft | $346 | $387 | 42% |
| Built year | 1908 | 1923 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 31 | 242 | 5% |
Apr 15, 2026
$699,000
$749,900
-7% Price Drop
Initial Listing
Mar 22, 2026
$749,900
Initial Listing
Jun 26, 2023
$730,000
Public Record
Jan 22, 2020
$605,000
Public Record
Nov 28, 2016
$280,000
Public Record
Apr 22, 2016
$265,000
Public Record