565 Margaret Avenue, East Los Angeles, California 90022, East Los Angeles, 90022 - 0 bed, 0 bath
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East Los Angeles, California 90022
This Value-Add Triplex is listed at $950,000, positioned below the $966,795 Fair Market Value by 1%. This valuation offers $16,795 in Instant Equity for an income property with a Condition Rating of 4. The asset features three 2-bedroom units, including a detached rear residence with an attached garage, providing a high-demand configuration for tenant privacy. With significant rental upside due to current rents being well below market rates, the property is primed for forced appreciation through modernization. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Specialists seeking long-term growth in East Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 565 Margaret Avenue Subject | $950,000* List Price | 0 | 0 | 2,162 | $447 | - |
A 629 Eastmont Avenue Sold | $900,000 | 0 | 0 | 1,897 | $474 | 0.2 mi |
B 1313 S Woods Avenue Sold | $759,000 | 4 | 2 | 1,994 | $381 | 0.9 mi |
C 1313 S Woods Avenue Sold | $759,000 | 0 | 0 | 1,994 | $381 | 0.9 mi |
D 946 S Ferris Active | $730,000 List Price | 0 | 0 | 1,610 | $453 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1925, this triplex is described as well-maintained but shows signs of aging typical for a century-old property. Exterior images reveal a functional roof and intact stucco, but the presence of significant clutter and the 'drive-by only' restriction suggest that the interiors, including kitchens and bathrooms, are likely outdated and have not undergone a recent comprehensive renovation. The property appears functional but requires minor updates to meet current market standards.
With current rents noted as being well below fair market value, this property presents a prime value-add opportunity for investors to substantially increase cash flow and the overall capitalization rate.
The triplex layout includes a detached single-family residence at the rear with an attached garage, offering a high-demand privacy feature that commands premium interest from long-term tenants.
Situated in a sought-after East Los Angeles neighborhood near schools, parks, and shopping, the property is ideally positioned for consistent occupancy and long-term capital appreciation.
The property may be subject to local rent control ordinances, which can restrict the owner's ability to adjust rents to market levels and increase the complexity of tenant management.
Built in 1925, the nearly century-old structure likely requires significant capital expenditure for modernizing major systems and addressing potential deferred maintenance typical of older multi-unit assets.
This well-maintained property is conveniently located near schools, parks, and shopping. It features three 2bedrooms+1bathroom units. The front building consists of two units of 2bedrooms+1bathroom each, and the back building is a single family residence of 2bedrooms+1bathroom, and a one-car attached garage. This property is located in a high demand area and the current rents are way below fair market rent. Drive by only. Do NOT walk on the property, or disturb the tenants. Offer subject to interior inspection. Please note that property may or may not be subject to rent control. Please check with Los Angeles Housing Department and satisfy yourself before proceeding.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,162 | 1,892.5 | 86% |
| Lot Size | 5,353 | 6,252 | 36% |
| Price | $950.0K | $759.0K | 93% |
| Price per sq ft | $439 | $441 | 50% |
| Built year | 1925 | 1928 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 239 | 7% |
Mar 18, 2026
$950,000
Initial Listing