
Los Angeles, California 90004
This Residential Income Triplex represents a strategic Value-Add Asset in the high-demand Koreatown submarket. With a List Price of $1,399,000, the property is positioned competitively relative to its $1,355,554 Fair Market Value, reflecting the stability of multi-unit inventory in this area. Featuring two separate buildings on a 6,212 sqft lot, the property carries a Condition Rating of 5, requiring extensive renovation to modernize its 1920s systems. This "true fixer" provides significant potential for forced appreciation and increased rental yields. It is an ideal acquisition for Buy-and-Hold Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 310 N Kenmore Avenue Subject | $1,399,000* List Price | 0 | 0 | 2,496 | $543 | - |
A 500 N Madison Avenue Sold | $1,480,000 | 0 | 0 | 2,773 | $534 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This property, built in 1920, is explicitly described as a 'true fixer-upper' requiring 'extensive renovation.' The images show a neglected exterior with visible wear, clutter, and older windows, consistent with a property that has not undergone significant updates in many decades. Given its age and the 'fixer' status, major systems (plumbing, electrical, HVAC), as well as kitchens and bathrooms, are almost certainly original or very outdated and will require substantial rehabilitation to meet modern standards and ensure safety and comfort.
Situated in the highly desirable Koreatown area of Los Angeles, offering strong rental demand and potential for appreciation in a vibrant urban market.
Described as a 'fixer-upper' with 'tremendous upside,' this property is ideal for investors seeking to maximize returns through renovation and repositioning.
As a triplex, it offers diversified income streams and higher rental yield potential compared to single-family homes, enhancing its investment appeal.
Explicitly stated as a 'true fixer' and 'fixer-upper,' indicating significant capital investment and extensive renovation work will be necessary to realize its full potential.
Built in 1920, the property is over a century old, likely requiring updates to major systems (plumbing, electrical, HVAC) and potentially facing unforeseen maintenance issues.
The listing strongly emphasizes the buyer's responsibility for verifying all aspects, including unit count, permits, zoning, and condition, suggesting potential complexities or unknowns that require thorough investigation.
Back on the Market! Exceptional investment opportunity in the heart of Koreatown, Los Angeles. This triplex fixer-upper offers tremendous upside for investors seeking value-add potential. The property consists of two separate buildings on one lot. The first building features a spacious two-bedroom, one-bath unit, while the second building includes a one-bedroom, one-bath unit with a functional layout. This is a true fixer with strong income potential in a highly desirable rental market. All units are currently occupied by family members who are highly motivated to sell, making this a rare opportunity to secure a property with long-term upside. A must-see investment with endless possibilities. Buyer and buyer’s agent to verify all information, including but not limited to unit count, square footage, permits, zoning, and condition of the property. Buyers to conduct their own due diligence to satisfy themselves as to all aspects of the property.
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 | 2,496 | 3,382 | 33% |
| Lot Size | 6,212 | 7,505 | 33% |
| Price | $1.40M | $1.10M | 67% |
| Price per sq ft | $560 | $318 | 67% |
| Built year | 1920 | 1921 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 79 | 79 | 67% |
Feb 2, 2026
$1,399,000
Initial Listing