3016 E 1st Street 14, Los Angeles, California 90063, Los Angeles, 90063 - bed, bath
3016 E 1st Street 14
Los Angeles, California 90063
Property Price
SUMMARY
Analysis of 3016 E 1st Street 14, Los Angeles, California 90063 is currently available with a list price of $885,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
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 Exterior images reveal worn roofing, stained and patched stucco, and outdated security features.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.
PROSSTRENGTHS & OPPORTUNITIES
- Passive Income Stream
The property features an on-site billboard that generates additional monthly revenue, providing a unique secondary income source beyond standard residential rents.
- Prime Investment Location
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.
- Generous Lot Size
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.
CONSRISKS & DEFICIENCIES
- Transaction History
The property recently fell out of escrow, which can often signal potential issues discovered during the inspection period or complications with buyer financing.
- Aging Infrastructure
Built in 1947, the triplex likely requires significant ongoing maintenance or capital expenditures to modernize major systems such as plumbing, electrical, and roofing.
- Market Momentum
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.
About 3016 E 1st Street 14
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.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1947
- Lot Size
- 7,493 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
First Street Elementary School
Grades K-6 • 0.1 mi
Malabar Street Elementary School
Grades K-6 • 0.6 mi
Euclid Avenue Elementary School
Grades K-5 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,778 | 2,150 | 76% |
| Lot Size | 7,493 | 5,750 | 76% |
| Price | $885.0K | $810.0K | 57% |
| Price per sq ft | $319 | $384 | 19% |
| Built year | 1947 | 1924 | 76% |
| HOA | $0 | $0 | 50% |
| Days on market | 345 | 228 | 86% |
Pricing History
Listed for Sale
Nov 5, 2025
$885,000
$895,000
-1% Price Drop
Initial Listing
Price Change
Oct 15, 2025
$895,000
$910,000
-2% Price Drop
Initial Listing
Price Change
Sep 17, 2025
$910,000
$930,000
-2% Price Drop
Initial Listing
Price Change
Aug 18, 2025
$930,000
$989,000
-6% Price Drop
Initial Listing
Price Change
Mar 26, 2025
$989,000
Initial Listing
Sold
Sep 23, 2022
$916,000
Public Record
Sold
Dec 16, 1998
$225,000
Public Record
Sold
Apr 1, 1998
$160,000
Public Record