520 Solano Avenue, Los Angeles, California 90012, Los Angeles, 90012 - 0 bed, 0 bath
Loading property details...
Los Angeles, California 90012
This triplex in Solano Canyon represents a High-Potential Investment Opportunity, listed at $979,000—positioned well below the $1,025,864 Fair Market Value by 4%. This valuation gap offers $46,864 in Instant Equity. With a Condition Rating of 4, the property features a newer roof and updated mechanicals, though it remains a value-add project. Its High-Capacity Unit Mix and proximity to DTLA and Elysian Park ensure strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 520 Solano Avenue Subject | $979,000* List Price | 0 | 0 | 3,412 | $301 | - |
A 649 Alpine Street Active | $1,250,000 List Price | 0 | 0 | 3,757 | $333 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property consists of an original 1897 structure and a 1968 rear building. While it features some recent system maintenance, including a newer roof and a 2023 furnace and water heater in one unit, the overall age of both buildings (>50 years) and lack of documented full kitchen/bath renovations suggest the units are dated and will require minor repairs and cosmetic updates to meet modern standards.
Situated in the historic Solano Canyon, the property offers exceptional proximity to Dodger Stadium, DTLA, and Elysian Park, with immediate access to the I-110 freeway and local amenities.
The triplex features a rare and spacious configuration of one 4-bedroom and two 3-bedroom units, providing significant rental upside and appeal for large households or multi-generational living.
With three single-car garages plus three additional driveway spaces, the property solves a major pain point in Los Angeles, while the rear units offer scenic mountain and canyon views.
The property is subject to Los Angeles City Rent Stabilization Ordinance (RSO) rules, which limits rent increases and adds complexity to tenant management and lease restructuring.
Sold with tenants in place and featuring a primary structure dating back to 1897, the property may present challenges for owner-occupants or require ongoing maintenance for its historic components.
This Triplex in Solano Canyon consists of two buildings; building facing Solano Av. has 4 bedrooms 1 3/4 baths with inside laundry room built in 1897. Newer roof. A long driveway on the right side leading into back building built in 1968 and it consists of 3 single garage spaces on the ground level. 3 parking spaces in front of the 3 single car garages. Second level has a 3 bedroom 2 bathrooms unit with a view. Third level contains a 3 bedroom 2 bath unit with a new furnace installed November 2023 and a new water heater installed on December 2023. This unit has a view of the mountains at Elysian Park. Property is sold with tenants in place. Property is near LA Police Academy and Dodgers stadium. Two blocks from Los Angeles State Historic Park. Half of block away from I 110 freeway Solano Av. exit. Across the street and a few houses down from The Solano Community Garden. A few minutes away from Chinatown and Olvera Street and from DTLA. Property borders Elysian Park. Subject to LA City RSO rules (LAHD). All property data deemed reliable but not guaranteed. Buyer and buyer's agent to investigate all information.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-6 • 0.6 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,412 | 2,250 |
| Lot Size | 5,836 | 5,864 |
| Price | $979.0K | $826.7K |
| Price per sq ft | $287 | $395 |
| Built year | 1897 | 1925 |
| HOA | $0 | $0 |
| Days on market | 23 | 83 |
Jun 29, 2026
$979,000
Initial Listing
Jul 27, 2023
$805,000
Public Record