264 Margaret, Los Angeles, California 90022, Los Angeles, 90022 - 0 bed, 0 bath
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Los Angeles, California 90022
This Value-Add Multi-Unit Asset is listed at $770,000, representing a strategic entry into the East Los Angeles market near its $733,326 Fair Market Value. The property features a high-density configuration of three 1-bedroom units plus a bonus studio, supported by four dedicated garages and a distant city skyline view. Given the 1947 build date and Fair Condition Rating, there is significant potential for forced appreciation through interior modernization. Its proximity to the 60 freeway and Metro stations ensures consistent rental demand for Buy-and-Hold Investors or Value-Add Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 264 Margaret Subject | $770,000* List Price | 0 | 0 | 2,174 | $337 | - |
A 631 Leonard Avenue Sold | $735,000 | 5 | 3 | 1,960 | $375 | 0.8 mi |
B 468 S Fetterly Sold | $700,000 | 5 | 2 | 1,888 | $371 | 0.9 mi |
C 231 Blackshear Avenue Active | $950,000 List Price | 0 | 0 | 2,271 | $418 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1947, this property is over 75 years old with no indication of recent major renovations. The exterior shows significant deferred maintenance, including faded paint, peeling stucco on the garages, and an old awning. The presence of a window AC unit suggests outdated cooling systems. Crucially, there are no interior images provided, especially of the kitchens and bathrooms, which strongly implies they are original or very outdated and would require substantial rehabilitation and modernization to be considered functional and appealing. The property analysis also highlights 'Advanced Property Age' and 'Unspecified Current Condition & Renovation Status' as weaknesses, indicating a need for significant capital expenditures for system upgrades and cosmetic improvements.
The property offers significant rental income opportunities, featuring a total of four distinct units (three 1-bedroom/1-bathroom units with laundry, plus a bonus studio unit) along with four dedicated garages.
Situated in a quiet neighborhood, the property boasts excellent connectivity with easy access to the 60 freeway, metro stations, and proximity to key areas like Monterey Park, Montebello, East Los Angeles, and essential local amenities.
The inclusion of four separate garages provides a substantial advantage for tenants, offering secure parking or additional storage space, which is highly sought after in urban environments.
Built in 1947, the property is over 75 years old, suggesting potential for outdated infrastructure (plumbing, electrical) and a higher likelihood of requiring significant capital expenditures for system upgrades or general modernization.
The listing lacks details regarding recent renovations or the current condition of the individual units, which could imply a need for substantial cosmetic or functional improvements to maximize rental value.
While advertised with '3 units AND bonus bachelor unit,' the property's subtype is listed as 'Triplex.' This discrepancy could raise questions regarding the legal permitting or status of the fourth 'bonus' unit, potentially impacting financing or future compliance.
For Sale: Bonus Unit + 3 Units + 4 Garages on a lot. Welcome to this quiet and peaceful neighbor: Conveniently located with easy access to Monterey Park, Montebello, East Los Angeles, local churches, grocery stores, parks, shops, metro stations, and the 60 freeway. The property includes: 3 units AND bonus bachelor unit (studio layout). Each of the 3 units has its own kitchen, 1 bathroom, 1 bedroom and laundry area. The bonus unit is a bachelor or studio layout. GREAT FOR YOUR INVESTMENT.
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 | 2,174 | 1,892.5 | 86% |
| Lot Size | 6,088 | 6,252 | 43% |
| Price | $770.0K | $759.0K | 57% |
| Price per sq ft | $354 | $411 | 14% |
| Built year | 1947 | 1929 | 64% |
| HOA | $0 | $0 | 50% |
| Days on market | 102 | 239 | 7% |
Jan 10, 2026
$770,000
Initial Listing