
Los Angeles, California 90043
This Triplex Residential Income Property presents a High-Potential Investment Opportunity, listed at $959,000—positioned slightly above the $935,185 Fair Market Value. While the property is priced at market, its Condition Rating of 3 and functional three 2-bedroom, 1-bathroom unit mix ensure immediate rental viability. The detached third unit offers significant privacy, enhancing tenant retention. With updated interiors and a central location, this asset is a stable choice for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through multi-unit income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5151 3rd Subject 0 bd · 0 ba · 2,398 sqft · $390 | $959,000* List Price | 0 | 0 | 2,398 | $390 | - |
A 4706 8th Avenue Sold 0 bd · 0 ba · 1,968 sqft · $475 · 0.5 mi | $935,000 | 0 | 0 | 1,968 | $475 | 0.5 mi |
B 6333 8th Ave Sold 0 bd · 0 ba · 3,080 sqft · $302 · 1.0 mi | $930,000 | 0 | 0 | 3,080 | $302 | 1.0 mi |
C 5700 3rd Active 0 bd · 0 ba · 1,600 sqft · $444 · 0.3 mi | $710,000 List Price | 0 | 0 | 1,600 | $444 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1924, the property has undergone significant renovations likely within the last 10-15 years. The kitchen features updated oak cabinetry, granite-style countertops, and stainless steel appliances. Interior photos show modern laminate flooring and updated electrical panels are visible on the exterior, indicating the property is well-maintained and move-in ready.
High School: Middle College High School (9/10).
The property consists of three 2-bedroom, 1-bathroom units, a highly sought-after configuration that appeals to a wide range of tenants and maximizes rental income potential.
The detached rear unit provides added privacy and separation from the front duplex, making it particularly attractive for an owner-occupant or a premium rental option.
Built in 1924, the property is over a century old and may require significant capital improvements or maintenance for aging plumbing, electrical, and structural systems.
The majority of the assigned public schools in the immediate area have low ratings (1-2 out of 10), which may deter family-oriented tenants and impact long-term appreciation.
**Excellent Triplex Investment Opportunity in Central Los Angeles** Well-positioned **three-unit residential income property** offering an attractive opportunity for investors, owner-occupants, or multi-generational living. The property consists of **three 2-bedroom, 1-bathroom units**, providing a desirable and functional unit mix. The **two front units are attached**, while the **third unit is detached**, offering additional separation and privacy. This configuration provides flexibility for an owner-user looking to offset housing expenses with rental income or an investor seeking a multi-unit property with long-term income potential. Centrally located with convenient access to **shopping, dining, schools, public transportation, and major Los Angeles thoroughfares**. A solid opportunity to acquire a **three-unit income-producing property in the Los Angeles market**, with each residence offering two bedrooms and one bathroom.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 2,398 | 2,090.331 |
| Lot Size | 6,090 | 5,852.908 |
| Price | $959.0K | $830.9K |
| Price per sq ft | $400 | $394 |
| Built year | 1924 | 1928 |
| HOA | $0 | $0 |
| Days on market | 39 | 87 |
Oct 1, 2026
$959,000
Initial Listing
Jul 22, 2022
$959,000
Public Record
Dec 30, 2016
$650,000
Public Record
Apr 8, 2016
$383,000
Public Record
May 12, 2010
$280,000
Public Record
Aug 16, 2004
$425,000
Public Record
Sep 23, 2003
$285,000
Public Record