507 S Grande Vista Avenue, Los Angeles, California 90063, Los Angeles, 90063 - 5 bed, 3 bath
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507 S Grande Vista Avenue
Los Angeles, California 90063
ACTIVE
CONDITION: FAIR
5Beds
3Baths
2,278Sq Ft
6,345Lot Size
Property Price
LIST PRICE$785,000
EST. MARKET VALUE
$855,437
8% BelowMARKET VALUE
SUMMARY
This detached triplex presents a Strong Value Opportunity with a List Price of $785,000—positioned well below the $855,438 Fair Market Value by 8%. This valuation gap offers $70,438 in Instant Equity for the savvy buyer. Featuring a Condition Rating of 4, the property offers significant upside for interior modernization. Its 6,345 sq. ft. lot and proximity to Downtown Los Angeles make this a prime Multi-Unit Income Asset ideal for Buy-and-Hold Investors or Owner-Occupants seeking to offset costs through rental income.
Estimated Market Value
$855,437+$70,437 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 |
|---|---|---|---|---|---|---|
★ 507 S Grande Vista Avenue Subject 5 bd · 3 ba · 2,278 sqft · $376 | $785,000* List Price | 5 | 3 | 2,278 | $376 | - |
A 440 N Ezra Sold 4 bd · 2 ba · 1,556 sqft · $370 · 0.7 mi | $575,000 | 4 | 2 | 1,556 | $370 | 0.7 mi |
B 3047 Lanfranco Active 0 bd · 0 ba · 2,482 sqft · $342 · 0.1 mi | $849,500 List Price | 0 | 0 | 2,482 | $342 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
While the exterior shows a very recent modern renovation (new windows, roof, and hardscape), the 1914 original build date combined with the 'AS-IS' sale condition and the mention of 'optional repairs and upgrade services' suggests the interior units and core systems remain dated or unfinished.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
This detached triplex offers a versatile 'live-in-one, rent-the-others' opportunity with strong projected rental yields for the Boyle Heights area, helping to offset ownership costs.
- Strategic Location
Situated with convenient access to Downtown Los Angeles, major employment hubs, and key transportation corridors, ensuring high tenant demand and long-term desirability.
- Generous Lot Size
The 6,345 sq. ft. lot provides ample space for the three detached units, offering a rare sense of privacy and potential for future site improvements in a dense urban setting.
CONSRISKS & DEFICIENCIES
- Deferred Maintenance Risk
As a 1914 build sold in 'as-is' condition, the property likely requires significant capital expenditure for modernizing aging systems and addressing structural repairs.
- Low Local School Ratings
Several assigned and nearby schools, such as Lorena Street Elementary and First Street Elementary, carry low performance ratings, which may impact appeal for family-oriented tenants.
About 507 S Grande Vista Avenue
OWNER UNIT WITH TWO ADDITIONAL UNITS — OFFERED - Approximately 2,278 sq. ft. on a 6,345 sq. ft. lot in West City Terrace/North Boyle Heights. Reported configurations: 507: 4 beds/2 baths; 507¼: 1 bed/1 bath; 507½: 2 beds/1 bath. Unit status, room counts, and permitted uses require verification with City Planning and applicable city departments. Being sold in AS-IS Condition. The Proposed Improvements, optional repairs, and upgrades are available at an additional cost and are not included in the purchase price. Financing may be available, subject to qualifications and lending requirements. Convenient access to Downtown Los Angeles, employment centers, shopping, and transportation. Nearby advertised rents range from approximately $1,750–$2,300 monthly for one-bedroom units and $3,200–$3,650 for three-bedroom homes. These are market references, not current property income or guaranteed rents.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1914
- Lot Size
- 6,345 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Euclid Avenue Elementary School
Grades K-5 • 0.3 mi
5/10
First Street Elementary School
Grades K-6 • 0.5 mi
2/10
Lorena Street Elementary School
Grades K-5 • 0.6 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.5 |
| Baths | 3.0 | 2.9 |
| Square foot | 2,278 | 2,090.331 |
| Lot Size | 6,345 | 5,852.908 |
| Price | $785.0K | $830.9K |
| Price per sq ft | $345 | $394 |
| Built year | 1914 | 1928 |
| HOA | $0 | $0 |
| Days on market | 46 | 87 |
Pricing History
Listed for Sale
Sep 24, 2026
$785,000
Initial Listing