
Los Angeles, California 90037
This Triplex Residential Income Asset is a Strong Value Opportunity, listed at $1,199,000—positioned well below the $1,294,747 Fair Market Value by 7%. This valuation gap offers $95,747 in Instant Equity. Featuring a Good Condition Rating following a 2011 remodel, the property includes updated electrical, plumbing, and tankless water heaters. With high-density rental potential near USC and Downtown LA, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield, move-in ready multi-family property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 443 W 49th Subject 0 bd · 0 ba · 4,275 sqft · $303 | $1,199,000* List Price | 0 | 0 | 4,275 | $303 | - |
A 1043 W 52nd Sold 0 bd · 0 ba · 3,840 sqft · $339 · 0.7 mi | $1,300,000 | 0 | 0 | 3,840 | $339 | 0.7 mi |
B 611 W 46th Active 0 bd · 0 ba · 4,403 sqft · $318 · 0.3 mi | $1,399,000 List Price | 0 | 0 | 4,403 | $318 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property underwent a comprehensive remodel in 2011 (15 years old relative to the 2026 listing date), which includes updated electrical, plumbing, tankless water heaters, and new windows. With hardwood floors and functional kitchens/baths from the 15-year-old renovation, it remains move-in ready and well-maintained, fitting the 'Good' criteria.
With two 4-bedroom units and one 5-bedroom unit, the property offers an exceptional bedroom count that maximizes rental income, ideal for student housing or large multi-generational families.
Situated just 1.5 miles from USC and minutes from Downtown LA, BMO Stadium, and the Crypto Arena, the location ensures high tenant demand and strong long-term appreciation potential.
The property features significant upgrades including new plumbing, electrical, tankless water heaters, and windows, which reduces immediate capital expenditure requirements for a new owner.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5540, other record lot size in square feet = 5674.
The majority of the assigned public schools in the immediate area have low ratings (2/10 to 3/10), which may deter long-term family tenants who prioritize education quality.
Given the large building footprint of 4,275 sqft on a 5,540 sqft lot, there is very little communal outdoor space or yard area for the high number of potential occupants.
Get ready to invest in the City of Los Angeles! Triplex remodeled like new in 2011, within 1.5 miles from USC, and minutes away from the BMO Stadium Coliseum, Crypto Arena, Grammy Museum, LA Convention Center, Downtown LA, Grand Central Market and so much more! All 3 units were remodeled; new kitchen counters, new windows, new drywall, new tankless water heaters, new wall heaters. updated plumbing and electrical with new electric meters. All units have hardwood floors in the living room and bedrooms, communal laundry room for all 3 units to use. Building consists of 3 LARGE Untis; Two units have 4 Bds and 3 Baths, 3rd unit has 5 bedrooms, 3 bathrooms. All units are separately metered for electricity and gas. Covered carport with plenty of parking.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 4,275 | 2,090.331 |
| Lot Size | 5,540 | 5,852.908 |
| Price | $1.20M | $830.9K |
| Price per sq ft | $280 | $394 |
| Built year | 1960 | 1928 |
| HOA | $0 | $0 |
| Days on market | 38 | 87 |
Oct 2, 2026
$1,199,000
Initial Listing
Jul 30, 2019
$1,100,000
Public Record
Sep 30, 2016
$475,000
Public Record
Sep 3, 2004
$125,000
Public Record