
Los Angeles, California 90065
This triplex represents a Prime Investment Opportunity with a List Price of $999,000—positioned well below the $1,029,787 Fair Market Value by 2%. This valuation gap offers $30,787 in Instant Equity. With a Condition Rating of 5, the property requires significant capital investment to modernize its aging infrastructure. However, the lack of RSO constraints and immediate vacancy provide a clear path for value-add strategies. This is an ideal acquisition for Buy-and-Hold Investors or Developers seeking to maximize rental income in NELA.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2677 Roseview Subject | $999,000* List Price | 0 | 0 | 2,014 | $511 | - |
A 2908 Future Street Active | $705,000 List Price | 0 | 0 | 1,392 | $506 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Despite recent cosmetic 'lipstick' updates like new laminate flooring and fresh paint, this 1908 structure is over 110 years old and utilizes dated wall heaters rather than modern HVAC. The listing's explicit mention of FHA 203k rehab loans and the suggestion of demolition for new construction strongly indicates significant underlying system or structural deficiencies typical of a property needing a full rehab.
All three units are delivered vacant, allowing an investor to immediately set market-rate rents and bypass the complexities of tenant relocation or existing lease agreements.
Located in the high-demand Cypress Park neighborhood of Northeast Los Angeles, the property is positioned in a rapidly appreciating market with strong long-term growth prospects.
The absence of the Rent Stabilization Ordinance (RSO) provides a rare opportunity to maximize income potential and maintain full control over future rent adjustments.
Built in 1908 and marketed for FHA 203k loans, the property likely requires significant capital investment to address aging infrastructure and bring units to modern standards.
Several nearby elementary schools are rated as low as 2/10, which may decrease the property's attractiveness to families, particularly for the larger three-bedroom unit.
3 VACANT UNITS Prime Investment Opportunity (FHA 203k loan is welcomed) in Cypress Park Presenting an exceptional vacant triplex in the heart of Cypress Park, one of Los Angeles’ hottest and fastest-growing neighborhoods. This rare gem, located in the coveted 90065 zip code of Northern East LA (NELA), offers a unique and versatile investment opportunity. The property features two 1-bedroom, 1-bathroom units and one spacious 3-bedroom, 2-bathroom unit. All units are currently vacant, providing immediate and unhindered access for potential investors or developers. The absence of the Rent Stabilization Ordinance (RSO) means you can set your rental rates without the constraints of rent control, allowing for maximum rental income potential. This property is a dream for investors looking to buy and hold, developers aiming to demolish and build new constructions, or multiple families wishing to purchase together. Imagine the possibilities: modern luxury apartments, stylish condos, or even a communal living space tailored to suit today’s lifestyle needs.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-6 • 0.7 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,014 | 2,187.451 |
| Lot Size | 6,361 | 5,841.385 |
| Price | $999.0K | $841.5K |
| Price per sq ft | $496 | $385 |
| Built year | 1908 | 1928 |
| HOA | $0 | $0 |
| Days on market | 44 | 85 |
Jul 27, 2026
$999,000
Initial Listing