
Los Angeles, California 90065
This Triplex Residential Income property is a Strong Value Opportunity, listed at $1,295,000—positioned above the $1,212,499 Fair Market Value. Despite the premium, the property features a Condition Rating of 3, bolstered by recent capital improvements including a new roof, copper plumbing, and Andersen windows. With two vacant units and potential for ADU development, this asset offers significant flexibility for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack. Its Glassell Park location provides excellent freeway access, making it a stable, high-utility acquisition.
Property is move-in ready.
Despite the 1951 build date, the property is well-maintained with major system upgrades including a new roof (2 years), copper plumbing, and Andersen windows. Kitchens and baths are functional and move-in ready, though they range from dated tile to mid-range granite updates, fitting the 5-15 year renovation profile.
With two units currently vacant (a 2+1 and a 1+1), the property offers immediate owner-user potential or the ability to set market rents, alongside significant upside through ADU development or unit reconfiguration.
The property features significant recent upgrades including a 2-year-old roof, copper plumbing, a lined sewer line, and Andersen tilt-wash windows, minimizing immediate maintenance costs for a new owner.
Situated on a beautifully landscaped corner lot in Glassell Park, the property benefits from a Glendale-adjacent location with excellent access to local amenities and the 2 Freeway.
Realizing the potential for a larger 3+2 owner’s unit is contingent upon the relocation of an existing tenant, which may involve regulatory hurdles or additional costs under local housing ordinances.
The reliance on wall furnaces and window or through-the-wall air conditioning units rather than a centralized HVAC system may impact the property's appeal to high-end renters.
Outstanding opportunity for an owner-user or investor; this beautifully landscaped, corner lot, multi-family property features 1-2+1 (currently vacant) with a (permitted) laundry room/sun room, private yard and direct access from a garage and 2-1+1 units (one of which is currently vacant); there is a possibility that the vacant 2+1 could be combined with a 1+1 to create a larger, 3+2 owner’s unit (subject to the existing 1+1 tenant relocating to the vacant 1+1 and buyer to verify with the City of Los Angeles); there are 3 closed garages; great possibility for the buyer to add ADU’s (Buyer to verify); the property is separately metered for electricity and gas; each unit has a separate hot water heater, window or through-the-wall air conditioning and a wall furnace; the property has been replumbed with copper; the sewer line has been lined from the structure to the public right-of-way; the roof was replaced in the past 2 years; the units have Andersen tilt wash windows; the building was tented for termites in the last 3 years; Glendale adjacent location in Glassell Park, at the base of a single family neighborhood with excellent access to local shops and the 2 Freeway.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,073 | 2,250 |
| Lot Size | 5,706 | 5,864 |
| Price | $1.18M | $826.7K |
| Price per sq ft | $572 | $395 |
| Built year | 1951 | 1925 |
| HOA | $0 | $0 |
| Days on market | 36 | 83 |
Jul 13, 2026
$1,184,900
$1,295,000
-9% Price Drop
Initial Listing
Jun 16, 2026
$1,295,000
Initial Listing