
Los Angeles, California 90063
This Triplex Residential Income property presents a Strong Value Opportunity with a List Price of $850,000—positioned well below the $953,882 Fair Market Value by 10%. This valuation gap offers $103,882 in Instant Equity. Featuring a Condition Rating of 2, the property includes two recently renovated units with modern finishes and separate utility metering. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a stable, income-producing asset in a high-demand rental market with significant long-term appreciation potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3411 E 2nd St Subject | $850,000* List Price | 0 | 0 | 2,518 | $379 | - |
A 3224 E 2nd Sold | $600,000 | 0 | 0 | 2,088 | $287 | 0.2 mi |
B 3221 Folsom Street Sold | $950,000 | 0 | 0 | 2,345 | $405 | 0.6 mi |
C 127 129 S Townsend Sold | $925,000 | 0 | 0 | 2,382 | $388 | 0.4 mi |
D 3221 Folsom Street Sold | $900,000 | 5 | 3 | 2,345 | $384 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1959, the property features recent high-quality renovations in two of the three units, including remodeled kitchens and bathrooms, luxury vinyl plank flooring, and dual-pane windows. The interiors show mint condition with modern fixtures and updated systems like water heaters, fitting the criteria for a recent renovation under 5 years.
Two of the three units have been fully updated with modern kitchens, remodeled bathrooms, and luxury vinyl plank flooring, allowing for immediate market-rate rents with minimal initial capital expenditure.
Units are separately metered for gas and electricity, which significantly reduces the owner's overhead by shifting the primary utility costs to the tenants.
The property features a large gated concrete driveway providing ample off-street parking, a high-value amenity in the densely populated Boyle Heights rental market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 7494, other record living area = 2518.
Because only two of the three units are renovated, the third unit represents a future capital requirement to bring the entire property up to a uniform modern standard.
The owner remains responsible for water expenses for all three units, which can lead to unpredictable monthly utility costs and impact the overall net operating income.
Excellent investment opportunity in the heart of Boyle Heights! This well-maintained triplex features three spacious 2-bedroom, 1-bathroom units situated across two buildings on a 7,494 sq. ft. lot, offering strong rental income potential and long-term investment value. Two of the three units have been thoughtfully updated with modern finishes, including remodeled kitchens and bathrooms, updated cabinetry, stylish tile work, luxury vinyl plank flooring, contemporary lighting, and dual-pane windows. The renovated bathrooms feature custom tile showers, newer vanities, and designer fixtures, while the updated interiors provide a clean, modern feel throughout. The property offers a large concrete driveway with ample off-street parking, gated access, and a fenced front yard that enhances privacy and curb appeal. Each unit is separately metered for gas and electricity, allowing tenants to pay their own utilities, while the owner currently pays for water. The property is serviced by three water heaters, including one recently replaced. Conveniently located near Downtown Los Angeles, major freeways, public transportation, schools, shopping, dining, and local parks, this property presents an excellent opportunity for investors seeking a well-maintained income-producing asset in a high-demand rental market.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-6 • 0.6 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,518 | 2,250 |
| Lot Size | 7,494 | 5,864 |
| Price | $850.0K | $826.7K |
| Price per sq ft | $338 | $395 |
| Built year | 1959 | 1925 |
| HOA | $0 | $0 |
| Days on market | 20 | 83 |
Jul 2, 2026
$850,000
Initial Listing