
Los Angeles, California 90004
This Value-Add Residential Income Triplex is listed at $1,499,000, positioned near its $1,474,606 Fair Market Value to account for the significant advantage of Full Vacancy Delivery. The 4,581 sqft footprint includes a large front house and two rear units, offering panoramic downtown Los Angeles skyline views from a strategic corner lot. With a Condition Rating of 5, the 1908 structure requires a comprehensive capital injection to modernize aging infrastructure. This asset represents a prime acquisition for Buy-and-Hold Investors or Value-Add Developers looking to capture market-rate rents in a high-demand corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4214 Rosewood Subject | $1,499,000* List Price | 0 | 0 | 4,581 | $322 | - |
A 519 N Alexandria Avenue Sold | $1,100,000 | 0 | 0 | 3,464 | $318 | 0.1 mi |
B 519 N Alexandria Active Under Contract | $1,150,000 List Price | 0 | 0 | 3,464 | $332 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1908, this 116-year-old triplex shows significant signs of deferred maintenance and age. The listing lacks interior photos and emphasizes 'investment opportunity' and 'location,' typically indicating that kitchens, baths, and major systems (HVAC/Electric) are outdated or failing and require a full rehab.
The property will be delivered with all units vacant, a significant advantage in Los Angeles that allows the new owner to immediately realize market-rate rents without the complications of tenant relocation.
Situated on a corner lot at the intersection of East Hollywood, Koreatown, and Mid-Wilshire, the property offers high desirability and easy access to Downtown LA's major employment hubs.
Featuring a large 4-bedroom front house and two 3-bedroom rear units, the property provides a high-capacity living space totaling over 4,500 sqft, maximizing potential rental yield.
Built in 1908, the property likely requires significant capital investment to update aging electrical, plumbing, and structural systems to meet modern building codes.
The age and scale of the structures suggest higher-than-average ongoing maintenance costs, which may impact the long-term net operating income for an investor.
LOCATION ,LOCATION,LOCATION, TRIPLEX ON CORNER LOT CLOSE TO EAST HOLLYWOOD, KOREA TOWN AND WID WHILSHIRE AREA AND 10 MIN AWAY FROM DOWN TOWN L.A. PRME INVESTMENT OPPORTUNITY IN THE HEART OF LOS ANGELES FRONT HOUSE 4/2 REAR BUILDING 3/1 3/1 ALL UNITS WILL DELIVERY VACANT.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 4,581 | 3,464 | 60% |
| Lot Size | 6,475 | 7,505 | 20% |
| Price | $1.50M | $1.13M | 80% |
| Price per sq ft | $327 | $318 | 80% |
| Built year | 1908 | 1922 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 54 | 125 | 40% |
Apr 15, 2026
$1,499,000
Initial Listing
Apr 13, 2026
$1,499
Initial Listing