
Los Angeles, California 90031
This Mixed-Use Triplex presents a High-Potential Investment Opportunity with a List Price of $699,999—positioned well above the $607,456 Fair Market Value by -15%. Given its Condition Rating of 5, the 1907 structure requires significant capital expenditure to modernize systems. However, the 8,360 sqft lot and versatile commercial/residential zoning offer substantial value-add potential. With proximity to top-rated schools like South Pasadena High, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a strategic live/work setup in Lincoln Heights.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3374 Griffin Subject | $699,999* List Price | 0 | 0 | 2,673 | $227 | - |
A 3119 Manitou Sold | $615,000 | 0 | 0 | 2,962 | $208 | 0.9 mi |
B 2229 Hancock Street Pending | $775,000 List Price | 0 | 0 | 2,394 | $324 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1907 (117 years old) with no mention of recent renovations to kitchens, baths, or major systems. Given the age and mixed-use nature, the property likely requires a full rehab of electrical, plumbing, and HVAC systems to meet modern safety codes.
Middle School: South Pasadena Middle School (9/10). High School: South Pasadena Senior High School (9/10).
The property features a ground-floor commercial space and two residential units, providing diverse income streams and flexibility for owner-users or investors.
Located in the established Lincoln Heights community, the property offers convenient access to Downtown Los Angeles and major transportation hubs, ensuring high demand.
Originally constructed in 1907, the building may require extensive updates to its systems and structure to address deferred maintenance and modern building codes.
The immediate elementary school is rated low (2/10), which could impact the property's appeal to long-term residential tenants with school-aged children.
Versatile Mixed-Use Opportunity in Lincoln Heights! Commercial mixed-use building offering an excellent opportunity for an owner-user, investor, or live/work setup. The ground level features an established grocery/convenience store along with additional warehouse/storage space, providing flexibility for a variety of business operations. Above the commercial space are two residential apartments, creating the potential for additional rental income or convenient on-site living. Ideally situated in the established Lincoln Heights community with convenient access to Downtown Los Angeles and major transportation routes. A unique opportunity to operate your business, generate residential income, and own the real estate—all in one property. Buyer to verify permitted uses, zoning, square footage, and all property information with the appropriate authorities.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.3 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,673 | 2,187.451 |
| Lot Size | 8,360 | 5,841.385 |
| Price | $700.0K | $841.5K |
| Price per sq ft | $262 | $385 |
| Built year | 1907 | 1928 |
| HOA | $0 | $0 |
| Days on market | 1 | 85 |
Sep 8, 2026
$699,999
Initial Listing