
Los Angeles, California 90004
This Value-Add Residential Income Triplex represents a High-Potential Investment Opportunity in the heart of Los Angeles. Listed at $1,499,000, the asset is positioned near its $1,474,606 Fair Market Value, offering price stability for a high-demand vacant delivery. With a Condition Rating of 5, the 4,581 sqft structure requires significant rehabilitation but offers immense upside through market-rate stabilization and renovation. The corner lot location and versatile unit mix provide a rare foundation for forced appreciation. This acquisition is ideal for Buy-and-Hold Investors or Value-Add Investors.
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 triplex shows significant signs of age and deferred maintenance, including weathered stucco and peeling paint on the exterior. The absence of interior photos, coupled with the listing's emphasis on it being an 'investment opportunity' and the need for 'significant upfront costs for renovations,' suggests that the kitchens, bathrooms, and major systems require substantial rehabilitation to be functional and meet modern standards.
Situated on a corner lot at the intersection of East Hollywood, Koreatown, and Mid-Wilshire, this property offers exceptional accessibility to Downtown LA and high-demand rental markets.
All three units will be delivered vacant, providing a rare opportunity for investors to set market-rate rents immediately or for an owner-user to occupy the main house without tenant relocation hurdles.
With over 4,500 square feet of living space and a versatile unit mix (4/2 and two 3/1 units), the property offers significant income potential and spacious accommodations rarely found in older triplexes.
Built in 1908, the property likely requires ongoing maintenance and potential upgrades to major systems like plumbing, electrical, and foundation to meet modern standards.
Given the age and 'investment opportunity' branding, buyers should anticipate significant upfront costs for renovations to maximize the property's rental value and aesthetic appeal.
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 | 67% |
| Lot Size | 6,475 | 7,505 | 33% |
| Price | $1.50M | $1.10M | 67% |
| Price per sq ft | $327 | $318 | 67% |
| Built year | 1908 | 1921 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 9 | 67% |
Apr 15, 2026
$1,499,000
Initial Listing
Apr 13, 2026
$1,499
Initial Listing