3016 Inez, Los Angeles, California 90023, Los Angeles, 90023 - 0 bed, 0 bath
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Los Angeles, California 90023
This Value-Add Triplex Asset represents a High-Potential Investment Opportunity with a List Price of $699,888—positioned well below the $793,237 Fair Market Value by 11%. This valuation gap provides $93,349 in Instant Equity for buyers ready to modernize the units. Featuring a Condition Rating of 4, the property offers a strategic unit mix and a garage with ADU conversion potential near the transformative 6th Street Bridge. It is a prime acquisition for Buy-and-Hold Investors or Multifamily Developers seeking high-yield rental growth in Boyle Heights.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3016 Inez Subject | $699,888* List Price | 0 | 0 | 1,620 | $490 | - |
A 1125 Orme Sold | $750,000 | 7 | 4 | 1,828 | $410 | 0.6 mi |
B 924 Euclid Active | $799,000 List Price | 0 | 0 | 1,716 | $466 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1909, this triplex is in functional but dated condition, showing significant signs of age and a lack of recent comprehensive renovations. Interior images reveal popcorn ceilings, older kitchen cabinetry (some mismatched), and aging flooring throughout. While the property is move-in ready for tenants, it requires cosmetic modernization and likely system updates to reach current market quality standards, as noted in the listing's 'value-add' description.
The triplex configuration, featuring a large 3-bedroom front unit and two 1-bedroom units, offers excellent flexibility for owner-occupiers or investors looking to maximize rental yields.
Situated near the Arts District, Cal State LA, and major freeways, the property is positioned in a high-demand rental market with easy access to major employment and entertainment hubs.
With no recent upgrades, this property presents a prime opportunity for investors to renovate and capture substantial equity growth by bringing rents up to current market rates.
Built in 1909 with no recent improvements, the property likely requires significant capital expenditure for modernization and potential structural or mechanical updates.
The presence of only a one-car garage for three separate units may be a drawback for tenants and could limit the property's appeal in a high-density urban environment.
Excellent investment opportunity in the rapidly evolving Boyle Heights neighborhood. This triplex offers three units totaling approximately 1,620 sq ft, including a front 3-bedroom, 1-bath unit and two additional 1-bedroom, 1-bath units—ideal for strong rental income or multi-generational living. Situated on a 3,964 sq ft lot, the property features a 1-car garage (currently not rented), front patio, and rear outdoor space. The garage presents potential for ADU conversion or expansion of an existing unit (buyer to verify), adding further income upside. This is a prime value-add opportunity. Located just miles from the iconic 6th Street Bridge, this property offers rare proximity to one of Los Angeles’ most transformative infrastructure projects—providing a direct and seamless connection into Downtown LA, the Arts District, and surrounding employment hubs. The accessibility and visibility of this corridor continue to drive growth and desirability in the area.
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 | 1,620 | 1,758 | 38% |
| Lot Size | 3,964 | 5,983 | 15% |
| Price | $699.9K | $705.0K | 46% |
| Price per sq ft | $432 | $410 | 54% |
| Built year | 1909 | 1922 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 180 | 8% |
Mar 20, 2026
$699,888
Initial Listing