538 S Fetterly Avenue, Los Angeles, California 90022, Los Angeles, 90022 - 0 bed, 0 bath
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Los Angeles, California 90022
This triplex presents a Strong Value Opportunity with a List Price of $750,000—positioned well below the $832,795 Fair Market Value by 9%. This valuation gap offers $82,795 in Instant Equity. Featuring a Condition Rating of 4, the property offers significant upside through cosmetic updates. With a generous 8,002 sq. ft. lot and three 2-bedroom units, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 538 S Fetterly Avenue Subject | $750,000* List Price | 0 | 0 | 2,412 | $345 | - |
A 616 Eastmont Sold | $625,000 | 0 | 0 | 2,250 | $278 | 0.8 mi |
B 640 S Mcbride Sold | $675,000 | 0 | 0 | 2,052 | $329 | 0.3 mi |
C 468 S Fetterly Sold | $700,000 | 5 | 2 | 1,888 | $371 | 0.1 mi |
D 920 S La Verne Active | $830,000 List Price | 0 | 0 | 2,055 | $404 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1939, this triplex is functional but dated. While the description claims 'solid condition' and some updates like laminate flooring and stainless appliances are visible, the kitchen and bathrooms feature older cabinetry and tiling likely over 20 years old. The use of window AC units indicates a lack of modern central HVAC systems, and the overall aesthetic requires significant cosmetic and system updates to meet modern standards.
This well-maintained triplex features three 2-bedroom units, offering a versatile opportunity for investors or owner-occupants to generate significant rental income to offset mortgage costs.
The generous 8,002 sq. ft. lot provides ample outdoor space and significant future development potential, including the possibility of adding ADUs to further increase value.
Unlike many multi-family properties with studios or one-bedrooms, all three units are 2-bedroom layouts, which are highly sought after by long-term tenants and families.
Built in 1939, the property may require ongoing maintenance or capital improvements to aging systems like plumbing and electrical to meet modern standards.
With three multi-bedroom units on-site, the existing garage space may not fully accommodate the parking needs of all tenants, which is a common challenge in high-density Los Angeles neighborhoods.
Welcome to Fetterly Ave! Exceptional investment opportunity! This well-maintained triplex offers three income-producing units on a generous 8,002 sq. ft. lot, presenting an ideal addition to any investment portfolio or an excellent opportunity for an owner-occupant looking to offset their mortgage with rental income. Consisting of 3 units in SOLID CONDITION, FRONT UNIT IS 2 BEDROOM & 2 BATHS, BACK UNITS ARE 2 BEDROOMS 1 BATHROOM EACH AND A GARAGE IN BETWEEN! this property blends timeless pride of ownership character with outstanding income potential. The spacious lot provides ample outdoor space and future possibilities (buyer to verify), while the desirable location places residents just minutes from popular shopping centers, restaurants, schools, parks, and convenient commuter routes. Whether you're a seasoned investor seeking stable cash flow or looking to expand your real estate portfolio, this versatile property offers tremendous upside in a highly convenient location. Don't miss this rare opportunity to own a multi-unit property with strong long-term potential!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,412 | 2,250 |
| Lot Size | 8,002 | 5,864 |
| Price | $750.0K | $826.7K |
| Price per sq ft | $311 | $395 |
| Built year | 1939 | 1925 |
| HOA | $0 | $0 |
| Days on market | 21 | 83 |
Jul 1, 2026
$750,000
Initial Listing