3016 E 1st Street 14, Los Angeles, California 90063, Los Angeles, 90063 - 0 bed, 0 bath
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Los Angeles, California 90063
This Value-Add Residential Income Asset is offered at a List Price of $885,000, positioned near its $857,346 Fair Market Value. While the Condition Rating of 5 necessitates significant infrastructure modernization and system updates, the property provides a unique secondary revenue stream via an on-site billboard. The expansive 7,493 sqft lot in high-density Boyle Heights offers significant ROI potential through ADU development or full rehabilitation. Located within walking distance of First Street Elementary, this asset is a prime candidate for Fix-and-Flip Investors or Buy-and-Hold Investors targeting the Los Angeles rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3016 E 1st Street 14 Subject | $880,000* List Price | 0 | 0 | 2,778 | $315 | - |
A 3496 E 4th Street Sold | $965,000 | 0 | 0 | 3,490 | $277 | 0.7 mi |
B 422 N Townsend Sold | $660,000 | 0 | 0 | 1,827 | $361 | 0.8 mi |
C 3559 E 4th Active | $828,000 List Price | 0 | 0 | 2,846 | $291 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1947, this triplex shows significant signs of deferred maintenance and aging infrastructure. Exterior images reveal worn roofing, stained and patched stucco, and outdated security features. The lack of interior photos and the fact that it recently fell out of escrow suggest the property likely requires substantial rehabilitation and modernization of major systems to meet current standards.
The property features an on-site billboard that generates additional monthly revenue, providing a unique secondary income source beyond standard residential rents.
Situated in a high-density area of Boyle Heights with close proximity to Downtown Los Angeles, ensuring consistently high rental demand and long-term appreciation potential.
The property sits on a substantial 7,493 sqft lot, offering significant space for potential future development or the addition of Accessory Dwelling Units (ADUs) to maximize ROI.
The property recently fell out of escrow, which can often signal potential issues discovered during the inspection period or complications with buyer financing.
Built in 1947, the triplex likely requires significant ongoing maintenance or capital expenditures to modernize major systems such as plumbing, electrical, and roofing.
A history of five consecutive price drops since the initial listing suggests the property has struggled to attract firm offers at previous price points, indicating a potential disconnect with current market expectations.
FELL OUT OF ESCROW and Back on the MARKET!! Triplex located in a high density area with close proximity to Downtown Los Angeles. Nice large lot. There is a billboard on the property that generates additional income.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-6 • 0.6 mi
Grades K-5 • 0.7 mi
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 | 2,778 | 1,946 | 80% |
| Lot Size | 7,493 | 5,686 | 75% |
| Price | $880.0K | $764.5K | 60% |
| Price per sq ft | $317 | $373 | 20% |
| Built year | 1947 | 1923 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 392 | 235 | 90% |
Apr 10, 2026
$880,000
$885,000
-1% Price Drop
Initial Listing
Nov 5, 2025
$885,000
$895,000
-1% Price Drop
Initial Listing
Oct 15, 2025
$895,000
$910,000
-2% Price Drop
Initial Listing
Sep 17, 2025
$910,000
$930,000
-2% Price Drop
Initial Listing
Aug 18, 2025
$930,000
$989,000
-6% Price Drop
Initial Listing
Mar 26, 2025
$989,000
Initial Listing
Sep 23, 2022
$916,000
Public Record
Dec 16, 1998
$225,000
Public Record
Apr 1, 1998
$160,000
Public Record