
Los Angeles, California 90016
This Triplex Residential Income property is a Strong Value Opportunity, listed at $1,200,000—positioned above the $1,105,191 Fair Market Value. While priced at a premium, the asset offers significant upside through its transit-oriented location near the Farmdale Metro Station and the delivery of one vacant unit. Featuring a Condition Rating of 4, the property provides a stable foundation for modernization. With its proximity to major creative hubs and cultural districts, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage immediate occupancy potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3526 Farmdale Subject | $1,200,000* List Price | 0 | 0 | 2,212 | $500 | - |
A 3527 Chesapeake Sold | $1,100,000 | 0 | 0 | 2,212 | $497 | 0.0 mi |
B 3020 S Palm Grove Sold | $1,100,000 | 5 | 4 | 2,714 | $405 | 0.3 mi |
C 2949 S Harcourt Avenue Active | $1,399,000 List Price | 0 | 0 | 2,595 | $539 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1944, this property is well-maintained but dated. While it features some selective upgrades like newer tile flooring and stainless steel appliances, the cabinetry and built-ins are original or aged. The exterior, windows, and systems appear functional but are well beyond the 20-year mark, requiring modernization to reach a 'Good' or 'Excellent' rating.
Situated just a one-minute walk from the Farmdale Metro Station, the property offers unparalleled commuter access to both Downtown LA and Santa Monica, significantly increasing its rental desirability.
The delivery of one 2-bedroom unit vacant provides a rare opportunity for an owner-occupant to move in immediately or for an investor to capitalize on current market-rate rents without tenant relocation issues.
Located near major transformative projects like the Baldwin Hills Crenshaw Plaza redevelopment and Stocker Street Creative campus, the property is positioned for strong long-term capital appreciation.
Originally built in 1944, the property likely requires ongoing maintenance or significant capital improvements to modernize core systems such as plumbing and electrical compared to newer builds.
With 75 days on the market, the listing has surpassed the typical local turnover period, which may suggest the current list price is not fully aligned with buyer expectations or financing hurdles.
Located in the burgeoning Baldwin Hills area, 3526 Farmdale Avenue is a well-maintained triplex that presents a practical opportunity for either an owner-occupant or a long-term investor. This property sits in a steady and evolving pocket of the 90016 zip code, featuring two 2-bedroom units and one 1-bedroom unit. Each residence has been thoughtfully cared for with selective upgrades and classic details such as original hardwood floors. Outside, residents can enjoy a large, enclosed backyard shaded by mature lemon and avocado trees. The property is especially attractive for those looking to move in immediately or achieve market-rate rents, as the owner will deliver one 2-bedroom unit vacant. Beyond the home itself, the location is defined by significant local investment and infrastructure. Commuters are just a one-minute walk from the Farmdale Metro Station, offering a quick ten-minute ride to Downtown LA or a straight shot to Santa Monica. The surrounding neighborhood is rich in culture and growth, situated near the Black Cultural District and within walking distance of the renowned Lula Washington and Debbie Allen schools of dance. This area is also seeing transformative projects like the redevelopment of the Baldwin Hills Crenshaw Plaza into a multi-phase retail and residential hub, as well as the upcoming Stocker Street Creative film campus. For weekend recreation, the nearby Leimert Park Plaza remains a local staple for vibrant markets and community events.
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 | 2,212 | 2,250 |
| Lot Size | 6,261 | 5,864 |
| Price | $1.20M | $826.7K |
| Price per sq ft | $542 | $395 |
| Built year | 1944 | 1925 |
| HOA | $0 | $0 |
| Days on market | 105 | 83 |
Apr 9, 2026
$1,200,000
Initial Listing
Aug 29, 1997
$175,000
Public Record