
Los Angeles, California 90012
This Triplex Residential Income Asset presents a High-Potential Investment Opportunity with a List Price of $1,250,000—positioned above the $1,198,397 Fair Market Value. While the property requires capital for finishing, its Condition Rating of 4 reflects recent cosmetic updates and modern HVAC systems. With 3,757 sqft of space and proximity to Castelar Street Elementary, this property offers strong rental demand in a central urban hub. It is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to maximize cash flow in the Los Angeles market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 649 Alpine Street Subject | $1,250,000* List Price | 0 | 0 | 3,757 | $319 | - |
A 520 Solano Avenue Active | $979,000 List Price | 0 | 0 | 3,412 | $287 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1973, this 50+ year old triplex has received recent cosmetic updates including new laminate flooring, updated bathroom vanities, and modern mini-split HVAC systems. However, the presence of popcorn ceilings, digitally altered kitchen photos, and at least one room in a state of mid-renovation or disrepair indicates the property still requires minor repairs and finishing to be fully modernized.
As a triplex with a substantial 3,757 square feet of living space, this property offers a high-density rental opportunity with the potential for strong cash flow in a competitive Los Angeles market.
Located in the 90012 zip code near Chinatown and Downtown LA, the property boasts a central location with excellent access to major employment hubs, public transit, and diverse cultural amenities.
The property is situated just 0.1 miles from Castelar Street Elementary School, providing a major convenience factor for families and increasing the long-term desirability for tenants.
With the building size nearly matching the 3,942 square foot lot size, there is a high building-to-lot ratio, resulting in minimal yard space or private outdoor areas for residents.
Built in 1973, the property may require significant capital expenditures for system upgrades or modern renovations to compete with newer multi-family developments in the area.
Exceptional opportunity to own a fully vacant triplex in one of Los Angeles' most convenient and sought-after locations. Whether you're an owner-occupant looking to offset your mortgage with rental income, a BRRRR investor seeking strong upside, or a buyer with a multi-generational family, this property offers incredible flexibility. The property features 3 separate units, 4 on-site parking spaces, plus ample street parking for guests and tenants. The entire property will be delivered 100% vacant, providing the rare opportunity to choose your own tenants or move in immediately. The standout owner's unit has been refreshed and is move-in ready. While the title reflects a 3-bedroom, 2-bathroom unit, the actual usable layout offers approximately 5 bedrooms, 2 bathrooms, plus 2 additional bonus rooms in the basement level with windows—ideal for home offices, guest rooms, hobby spaces, or extended family living. Opportunities to find an owner's unit with this much functional living space in the area are exceptionally rare. Ideally situated just minutes from Downtown Los Angeles, the property offers easy access to public transportation, major freeways, Grand Park, museums, cultural attractions, restaurants, shopping, and employment centers. Its central location makes it highly desirable for both homeowners and tenants alike. Live in the spacious owner's unit while generating income from the other two units, or maximize the property's investment potential with all three units. A rare vacant triplex with a move-in-ready owner's unit, abundant usable space, and excellent income potential is hard to find. First showings at the Open House. Don't miss this rare opportunity!
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-6 • 0.7 mi
Grades K-6 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,757 | 2,250 |
| Lot Size | 3,942 | 5,864 |
| Price | $1.25M | $826.7K |
| Price per sq ft | $333 | $395 |
| Built year | 1973 | 1925 |
| HOA | $0 | $0 |
| Days on market | 2 | 83 |
Jul 20, 2026
$1,250,000
Initial Listing
Dec 16, 2022
$1,025,000
Public Record