3720 Princeton, Los Angeles, California 90023, Los Angeles, 90023 - 0 bed, 0 bath
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3720 Princeton
Los Angeles, California 90023
ACTIVE UNDER CONTRACT
CONDITION: FAIR
0Beds
0Baths
2,162Sq Ft
7,598Lot Size
Property Price
LIST PRICE$720,000
EST. MARKET VALUE
$787,403
8% BelowMARKET VALUE
SUMMARY
This versatile triplex presents a Strong Value Opportunity, listed at $720,000—positioned well below the $785,623 Fair Market Value by 8%. This valuation gap offers $65,623 in Instant Equity for the savvy buyer. With a Fair Condition Rating, the property features a 2-bedroom front unit and two 1-bedroom rear units, providing immediate rental income potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to house-hack in the high-demand Boyle Heights market.
Estimated Market Value
$787,403+$67,403 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3720 Princeton Subject 0 bd · 0 ba · 2,162 sqft · $364 | $720,000* List Price | 0 | 0 | 2,162 | $364 | - |
A 830 S Record Avenue Sold 0 bd · 0 ba · 2,184 sqft · $380 · 0.6 mi | $830,000 | 0 | 0 | 2,184 | $380 | 0.6 mi |
B 729 S Bernal Sold 6 bd · 3 ba · 2,250 sqft · $360 · 0.6 mi | $811,000 | 6 | 3 | 2,250 | $360 | 0.6 mi |
C 729 S Bernal Sold 0 bd · 0 ba · 2,250 sqft · $360 · 0.6 mi | $811,000 | 0 | 0 | 2,250 | $360 | 0.6 mi |
D 958 S Concord Sold 5 bd · 4 ba · 2,576 sqft · $338 · 0.7 mi | $870,000 | 5 | 4 | 2,576 | $338 | 0.7 mi |
E 3065 E 6th Sold 0 bd · 0 ba · 1,777 sqft · $366 · 0.8 mi | $650,000 | 0 | 0 | 1,777 | $366 | 0.8 mi |
F 938 S Eastman Sold 5 bd · 3 ba · 2,075 sqft · $386 · 0.4 mi | $800,000 | 5 | 3 | 2,075 | $386 | 0.4 mi |
G 650 S Indiana St Sold 0 bd · 0 ba · 2,035 sqft · $383 · 0.0 mi | $780,000 | 0 | 0 | 2,035 | $383 | 0.0 mi |
H 1151 Calzona Street Sold 6 bd · 4 ba · 1,704 sqft · $376 · 0.6 mi | $640,000 | 6 | 4 | 1,704 | $376 | 0.6 mi |
I 1127 Calzona Active 0 bd · 0 ba · 2,162 sqft · $338 · 0.5 mi | $730,000 List Price | 0 | 0 | 2,162 | $338 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1958, this triplex shows signs of partial updates, including a recently renovated bathroom with modern tiling and the addition of a mini-split HVAC system. However, the exterior shows age-related wear and the listing's emphasis on 'potential' suggests that other units or systems may remain dated and require minor repairs or cosmetic updates to reach a 'Good' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Versatility
The triplex configuration featuring a 2-bedroom front unit and two 1-bedroom rear units offers excellent flexibility for owner-occupiers seeking to house-hack or investors looking for multiple revenue streams.
- Generous Lot Size
Situated on a 7,598 square foot lot, the property provides ample outdoor space and potential for future value-add opportunities or additional parking in a high-density area.
- Strategic Investment Location
Located in the high-demand Boyle Heights rental market, this property is positioned to benefit from consistent tenant interest and the ongoing growth of the Los Angeles urban core.
CONSRISKS & DEFICIENCIES
- Dated Infrastructure
Built in 1958, the property may require significant capital expenditures for modernizing systems, utilities, or cosmetic finishes to achieve market-leading rents.
- Lack of Modern Amenities
The listing indicates no specific views or recent upgrades, suggesting the units may require additional investment to compete with modernized rentals in the surrounding area.
About 3720 Princeton
Incredible Los Angeles Income Property! This versatile triplex presents the perfect opportunity for both savvy investors and owner-occupiers looking to house-hack their way to a lower mortgage. The property features a spacious front unit with 2 bedrooms and 1 bathroom, ideal for an owner's unit or a premium rental. Tucked neatly away are two additional rear units, each featuring 1 bedroom and 1 full bathroom, offering a steady, immediate stream of rental income. Whether you want to live in one unit and let your tenants pay your mortgage, or add a high-potential asset to your real estate portfolio, this property delivers. Ample space, fantastic potential, and situated in a high-demand LA rental market. This is an absolute must-see! Buyer to independently verify all property information, including square footage, permits, and room dimensions. Schedule your tour today—this is a must-see!
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1958
- Lot Size
- 7,598 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 2,162 | 2,090.331 |
| Lot Size | 7,598 | 5,852.908 |
| Price | $720.0K | $830.9K |
| Price per sq ft | $333 | $394 |
| Built year | 1958 | 1928 |
| HOA | $0 | $0 |
| Days on market | 33 | 87 |
Pricing History
Listed for Sale
Oct 7, 2026
$720,000
Initial Listing
Sold
Sep 20, 1999
$225,000
Public Record