
Los Angeles, California 90003
This triplex presents a Strong Value Opportunity with a List Price of $650,000—positioned well below the $608,509 Fair Market Value by -6%. While the property requires capital expenditure due to its Fair Condition Rating and aging 1923 infrastructure, the Multi-Unit Income Potential provides a clear path to forced appreciation. The unverified garage conversion necessitates structural due diligence, yet the current owner-occupied status offers a stable foundation. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add house-hacking project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 331 E 107th St Subject 0 bd · 0 ba · 1,716 sqft · $355 | $650,000* List Price | 0 | 0 | 1,716 | $355 | - |
A 157 E 104th Street Sold 0 bd · 0 ba · 1,734 sqft · $447 · 0.3 mi | $775,000 | 0 | 0 | 1,734 | $447 | 0.3 mi |
B 9223 S San Pedro Active 0 bd · 0 ba · 1,934 sqft · $305 · 0.9 mi | $589,000 List Price | 0 | 0 | 1,934 | $305 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1923 (101 years old) with no mention of recent renovations. The listing highlights 'potential' and includes an unverified garage conversion, indicating the property likely requires significant rehab, system updates, and structural verification to meet modern standards.
As a triplex featuring three separate living units, this property offers significant rental income potential or a house-hacking opportunity for an owner-user in a high-demand Los Angeles market.
The property is currently owner-occupied, which typically suggests better maintenance and may simplify the process of delivering units vacant compared to properties with long-term tenants.
Priced competitively at $650,000 for three units, this property provides a strong entry point for investors looking to add value through renovations and market-rate adjustments.
The third unit is a garage conversion with unverified permit status, posing potential risks for financing, appraisal value, and future code enforcement compliance.
Constructed in 1923, the property likely requires significant capital expenditure to modernize aging systems, including electrical, plumbing, and structural components, to meet modern building codes.
THIS MULTI-FAMILY HOME HAS 3 UNITS, MAIN HOUSE IS 2 BEDROOMS, 1 BATHROOM, 2ND UNIT HAS 1 BEDROOM, 1 BATHROOM, 3RD UNIT IS A GARAGE CONVERSION 2 BEDROOMS, 1 BATHROOM (BUYER TO VERIFY), PROPERTY IS OWNER ACCUPIED. THERE IS A LOT OF POTENCIAL. DON'T MISSED OUT.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 1,716 | 2,090.331 |
| Lot Size | 5,213 | 5,852.908 |
| Price | $650.0K | $830.9K |
| Price per sq ft | $379 | $394 |
| Built year | 1923 | 1928 |
| HOA | $0 | $0 |
| Days on market | 38 | 87 |
Oct 2, 2026
$650,000
Initial Listing
Oct 7, 2011
$155,000
Public Record