
Los Angeles, California 90062
This property presents a High-Potential Investment Opportunity with a List Price of $800,000—positioned well above the $735,208 Fair Market Value by -8%. As a Residential Income asset with a Condition Rating of 5, the property requires capital expenditure to modernize its 1921 infrastructure. The LAC1 Zoning and Triplex configuration provide a stable income stream of $5,100 monthly, offering long-term value-add potential. This is a strategic acquisition ideal for Buy-and-Hold Investors or Value-Add Developers focused on multifamily portfolio growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5418 Denker Subject 0 bd · 0 ba · 2,079 sqft · $354 | $800,000* List Price | 0 | 0 | 2,079 | $354 | - |
A 1496 W Vernon Avenue Sold 0 bd · 0 ba · 2,107 sqft · $380 · 0.7 mi | $800,000 | 0 | 0 | 2,107 | $380 | 0.7 mi |
B 1826 W 46th St Sold 4 bd · 2 ba · 2,300 sqft · $283 · 0.8 mi | $650,000 | 4 | 2 | 2,300 | $283 | 0.8 mi |
C 4284 La Salle Sold 4 bd · 2 ba · 2,119 sqft · $378 · 0.9 mi | $800,000 | 4 | 2 | 2,119 | $378 | 0.9 mi |
D 1736 W 51st Sold 0 bd · 0 ba · 2,475 sqft · $327 · 0.4 mi | $810,000 | 0 | 0 | 2,475 | $327 | 0.4 mi |
E 1736 W 51st Sold 4 bd · 4 ba · 2,475 sqft · $327 · 0.4 mi | $810,000 | 4 | 4 | 2,475 | $327 | 0.4 mi |
F 5723 Cimarron Street Active 2 bd · 2 ba · 1,720 sqft · $440 · 0.7 mi | $756,000 List Price | 2 | 2 | 1,720 | $440 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Originally built in 1921 (103 years old) with no mention of recent renovations to kitchens, bathrooms, or major systems (HVAC/Electric). The property is marketed as an 'investment opportunity' with 'potential,' which typically indicates significant deferred maintenance and the need for a full rehab to address aging infrastructure.
The property generates a steady monthly income of approximately $5,100 from three tenant-occupied units, providing immediate cash flow for investors upon acquisition.
Situated on an LAC1 zoned lot, the property offers unique flexibility for future commercial use or higher-density residential development in a central Los Angeles location.
The configuration of one 2-bedroom and two 1-bedroom units provides a balanced rental portfolio that appeals to a wide range of tenant profiles, reducing vacancy risk.
Built in 1921, the property likely requires significant capital expenditure for modernizing aging systems, such as plumbing, electrical, and structural components.
As a tenant-occupied multifamily asset in Los Angeles, the property is subject to local rent stabilization ordinances, which may limit the ability to quickly adjust rents to market rates.
INVESTMENT OPPORTUNITY IN LOS ANGELES! This tenant-occupied triplex offers an excellent opportunity for investors seeking an income-producing property with multiple rental units. Situated on an approximately 5,728 sq. ft. lot, the property features approximately 2,079 sq. ft. of living area and consists of three units: a 2-bedroom unit and two 1-bedroom units. Current reported rents total approximately $5,100 per month, providing an existing income stream. Originally built in 1921, the property offers the character and potential of an established Los Angeles multifamily asset. The property is serviced by public sewer and is located within an LAC1 zoning designation, with public records identifying the current use as a triplex.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 2,079 | 2,090.331 |
| Lot Size | 5,729 | 5,852.908 |
| Price | $800.0K | $830.9K |
| Price per sq ft | $385 | $394 |
| Built year | 1921 | 1928 |
| HOA | $0 | $0 |
| Days on market | 39 | 87 |
Oct 1, 2026
$800,000
Initial Listing
May 24, 2021
$460,000
Public Record
May 3, 2005
$410,000
Public Record
Dec 19, 1997
$119,000
Public Record