
Los Angeles, California 90037
This Income-Generating Triplex Asset is listed at $1,725,000, representing a strategic acquisition near its $1,536,862 Fair Market Value. With a "VERY MOTIVATED SELLER," the 1924-built property holds a Fair Condition Rating and offers immediate cash flow with significant upside via ADU Development Potential on the 6,752 SqFt Lot. Proximity to USC, West Vernon Avenue Elementary, and Santee Education Complex ensures consistent tenant demand in a high-density corridor. Featuring a private Patio, this property is an ideal fit for Buy-and-Hold Investors or Owner-Occupants seeking a high-utility house-hack near Downtown LA.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 620 W 41st Subject | $1,725,000* List Price | 0 | 0 | 3,872 | $397 | - |
A 1043 W 52nd Active | $1,300,000 List Price | 0 | 0 | 3,840 | $339 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1924, features recent cosmetic updates in the visible units, including modern wood-look flooring, fresh paint, recessed lighting, and a clean, updated bathroom with subway tile and a basic vanity. These updates make the visible spaces move-in ready. However, the presence of a wall-mounted heater indicates a lack of central air conditioning, and the property's significant age (1924) suggests that major systems (electrical, plumbing, and HVAC) are likely outdated and will require substantial investment, as also noted in the property analysis. The absence of kitchen images prevents a full assessment of a key area. While cosmetically refreshed, the property's underlying infrastructure and age place it in the 'Fair' category, as major components are functional but show signs of being outdated and will require significant capital investment to meet modern standards.
The property is a triplex with existing tenants, providing immediate multiple income streams and reducing vacancy risk for an investor.
Centrally located near Downtown LA, USC, major entertainment venues (Coliseum, BMO Stadium, Lucas Museum), public transit (Expo Line), and key freeways (10, 105, 110), offering high demand for rentals.
Ample backyard space allows for the addition of an Accessory Dwelling Unit (ADU), significantly increasing potential rental income and property value.
Built in 1924, the property likely requires significant capital investment for updates to systems (plumbing, electrical) and general modernization, which is not detailed in the description.
The phrase 'Tenants are in place with reasonable rents' may imply current rents are not maximized, potentially limiting immediate cash flow upside for a new owner, especially under LA's tenant protection laws.
The description lacks information on recent upgrades or the current condition, suggesting a buyer should anticipate substantial renovation costs to bring the property to modern standards or maximize rental income.
VERY MOTIVATED SELLER SAID “REDUCE”! Excellent investment opportunity located minutes away from Downtown Los Angeles. This triplex is centrally located and within walking distance to USC, the Coliseum, BMO Stadium, George Lucas Museum, Exposition Park and Expo Line Train Station. Easy access to 10, 105, and 110 freeways with quick access to Downtown LA, Inglewood, LAX, Long Beach, Crypto.com Arena, Dodgers Stadium, Intuit Dome, SoFi Stadium, The Forum and Hollywood Park Casino. Tenants are in place with reasonable rents. There is plenty space in back yard to add an ADU. Must see to appreciate.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
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 | 3,872 | 2,012 | 79% |
| Lot Size | 6,752 | 5,461 | 84% |
| Price | $1.73M | $940.0K | 95% |
| Price per sq ft | $446 | $392 | 63% |
| Built year | 1924 | 1923 | 58% |
| HOA | $0 | $0 | 50% |
| Days on market | 156 | 242 | 32% |
Nov 17, 2025
$1,725,000
Initial Listing
Apr 7, 2022
$1,465,000
Public Record
Jan 28, 2020
$1,350,000
Public Record
Jan 18, 2019
$635,000
Public Record