2850 Marsh Street, Los Angeles, California 90039, Los Angeles, 90039 - bed, bath
ACTIVE$1,150,000
2850 Marsh Street, Los Angeles, California 90039
0Bed
0Bath
1,440Sqft
4,920Lot
Year Built
1924
Close
-
List price
$1.15M
Original List price
$1.2M
Price/Sqft
$799
HOA
-
Days on market
-
Sold On
-
MLS number
PW25009251
Home ConditionGood
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.15M(50th), sqft - 1440(25th), beds - undefined(50th), baths - undefined(50th).
Amazing triplex opportunity in the heart of Los Angeles, very high rental demand. Offering endless potential and added value in one of Los Angeles most vibrant and sought-after neighborhoods Perfect for generating rental income, repositioning, or adding to your real estate portofolio. Very well maintained units all are one bedroom one bath with many up-grades newer electrical service, dual paned windows, updated kitchens, laminate flooring, with other additional upgrades. Don't miss out on this rare chance to invest in LA.
Nearby schools
8/10
Allesandro Elementary School
Public,•K-6•0.3mi
4/10
Glassell Park Elementary School
Public,•K-6•0.6mi
7/10
Dorris Place Elementary School
Public,•K-6•1.1mi
2/10
Aragon Avenue Elementary School
Public,•K-5•1.5mi
4/10
Loreto Street Elementary School
Public,•K-5•2.2mi
7/10
Solano Avenue Elementary School
Public,•K-6•2.2mi
6/10
Irving STEAM Magnet
Public,•6-8•0.9mi
5/10
Florence Nightingale Middle School
Public,•6-8•2.1mi
Condition Rating
Good
Despite being built in 1924, this triplex has undergone extensive recent upgrades, including updated kitchens with modern white shaker cabinets, dark countertops, and stainless steel appliances, as well as updated bathrooms with contemporary vanities and subway tile. The property also benefits from newer electrical service, dual-pane windows, and laminate flooring throughout, making it move-in ready with no immediate renovation required. While the original structure is old, the significant and visible renovations bring its condition up to a 'good' standard.
Pros & Cons
Pros
Multi-Unit Income Property: This triplex offers an immediate income-generating asset, ideal for investors seeking to expand their real estate portfolio.
Prime Los Angeles Location: Situated in a vibrant and highly sought-after Los Angeles neighborhood, benefiting from very high rental demand.
Extensive Recent Upgrades: Units feature significant updates including newer electrical service, dual-paned windows, updated kitchens, and laminate flooring, minimizing immediate capital expenditure.
Value-Add Potential: The property offers 'endless potential and added value,' making it suitable for repositioning or optimizing rental income.
Recent Price Adjustment: A reduction from the original list price indicates a potentially more attractive entry point for investors.
Cons
Historic Property Age: Built in 1924, the property's age, despite upgrades, may still present underlying infrastructure challenges or require future maintenance beyond current renovations.
Compact Unit Sizes: With 1440 sqft divided into three 1-bedroom units, individual unit sizes are relatively small, potentially limiting tenant demographics or rental premium.
Lack of Premium Views: The property does not offer specific views, which can be a desirable amenity and value enhancer in the competitive Los Angeles market.