634 Romulo Street, Los Angeles, California 90065, Los Angeles, 90065 - 0 bed, 0 bath
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Los Angeles, California 90065
This Value-Add Residential Income Triplex in Cypress Park is listed at $925,000, relative to a $732,564 Fair Market Value in its current state. Carrying a Condition Rating of 5, the property necessitates a full-scale modernization of its 1925-era infrastructure to address deferred maintenance. The primary value-add opportunity lies in the 5,049 sqft lot with significant ADU Development Potential and Distant Mountain Views. Proximity to Dorris Place Elementary ensures strong long-term demand. This asset is a strategic acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors targeting forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 634 Romulo Street Subject | $925,000* List Price | 0 | 0 | 1,276 | $574 | - |
A 3417 Arroyo Seco Sold | $800,000 | 3 | 2 | 1,316 | $608 | 0.3 mi |
B 3417 Arroyo Seco Sold | $800,000 | 0 | 0 | 1,316 | $608 | 0.3 mi |
C 3325 Merced Sold | $820,000 | 0 | 0 | 1,532 | $535 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1925, this property is nearly a century old. The listing explicitly states 'advanced age & potential for deferred maintenance,' 'outdated systems (plumbing, electrical),' and 'requires substantial renovation/customization.' The exterior images confirm a very dated appearance with an old roof, worn paint, and security bars, indicating no significant recent updates. While it's an income-generating triplex, its current condition necessitates substantial repairs and rehabilitation, including likely full replacement of kitchens and bathrooms, to meet modern standards or provide comfortable living. This aligns with the 'poor' condition criteria.
Offers three 1-bedroom units, providing immediate rental income potential for investors or owner-occupants seeking mortgage offset.
Located in the 'vibrant' and 'on the rise' Cypress Park, known for its creative energy, diverse dining, and proximity to popular LA hotspots like Highland Park and the LA River Bike Path, promising excellent long-term value.
Features a generously sized 5049 sqft lot, explicitly noted for its potential for future Accessory Dwelling Unit (ADU) development, offering substantial value addition and increased income capacity.
Built in 1925, the property is nearly a century old, suggesting potential for outdated systems (plumbing, electrical) and significant deferred maintenance requiring substantial capital investment for renovations and upgrades.
The total 1276 sqft for three 1-bedroom units indicates relatively small individual unit sizes, which could limit tenant appeal or command lower rental rates compared to properties with larger units.
The description implies the property is not turn-key, highlighting 'opportunity for customization' and being 'ready to shine,' indicating that significant renovation and modernization efforts will be necessary to maximize its market value and appeal.
Nestled in the heart of the vibrant and centrally located Cypress Park neighborhood, this triplex offers endless potential for homeowners and investors alike. Featuring three units, each with unique character and charm, this property provides the perfect blend of functionality and opportunity for customization. The property includes three 1-bedroom units. Set on a generously sized lot, there’s plenty of outdoor space to reimagine for entertaining, gardening, or future ADU Development. Situated on a quiet street with easy access to shops, restaurants, and parks, this property is also a commuter’s dream, with close proximity to major freeways and public transportation options. Cypress Park is a neighborhood on the rise, known for its growing creative energy, diverse dining options, and outdoor recreation. Just minutes from hotspots like Highland Park, Frogtown, and the LA River Bike Path, this triplex is ideally positioned for those seeking a dynamic lifestyle and excellent long-term value. Whether you’re looking to generate rental income, create a multi-generational living space, or craft your dream home, this property is a rare opportunity to own in one of LA’s most exciting neighborhoods. Don’t miss out—this gem is ready to shine!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 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 | 1,276 | 1,424 | 25% |
| Lot Size | 5,049 | 6,062 | 13% |
| Price | $925.0K | $902.5K | 50% |
| Price per sq ft | $725 | $590 | 75% |
| Built year | 1925 | 1938 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 450 | 222 | 0% |
Jan 27, 2025
$925,000
Initial Listing