
Los Angeles, California 90044
This Upgraded Income-Producing Triplex is a High-Potential Investment Opportunity, listed at $949,000—positioned well below the $979,686 Fair Market Value by 3%. This valuation gap provides $30,686 in Instant Equity. Boasting an Excellent Condition Rating following extensive 2021 renovations, the asset generates $77,400 in yearly revenue with modern PEX plumbing and electrical upgrades. Located near USC, SoFi Stadium, and the 9/10 rated Middle College High School, it offers immense rental demand. This is a premier acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6530 Denver Subject | $949,000* List Price | 0 | 0 | 2,135 | $459 | - |
A 1056 W Gage Sold | $810,000 | 4 | 2 | 1,767 | $458 | 0.6 mi |
B 523 W 78th Street Sold | $1,115,000 | 0 | 0 | 1,963 | $568 | 0.7 mi |
C 6414 S Hoover Street Active | $749,999 List Price | 7 | 4 | 2,330 | $322 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1923, the property underwent extensive renovations completed in December 2021, which is within the 5-year threshold for an excellent rating. The upgrades include new flooring, modern bathroom updates, and major system improvements such as PEX plumbing, a new 200-amp electrical panel, and a 2023 water heater, ensuring no deferred maintenance.
Exceptional opportunity to own an upgraded, income-producing triplex in a prime Los Angeles location offering immediate cash flow of $77,400 in yearly revenue, modern improvements, and long-term appreciation potential. This property has undergone extensive renovations completed in December 2021, including bright new flooring, updated bathrooms, refreshed interiors, and major system upgrades designed to reduce maintenance and attract quality tenants. Approximately three years ago the plumbing was upgraded to durable PEX throughout, providing long-lasting reliability and peace of mind for investors. All units feature modern finishes and appealing layouts, making this a true multi-unit asset with additional rental upside. The property is individually metered for electricity and gas, helping keep owner expenses low. Owner pays water only (approximately $800 every two months), while tenants cover other utilities. Ample parking is available with front parking for the front units and dedicated rear parking for the back unit, adding strong tenant appeal. Front Unit #1 is a spacious two-story 2-bedroom, 2-bathroom unit featuring significant electrical upgrades including a new 200-amp electrical panel and updated wiring. Front Unit #2 is a 1-bedroom, 1-bathroom unit with a new water heater installed June 2023 and modern interior finishes. Rear Unit #3 offers 2 bedrooms and 1 bathroom with upgraded flooring and private rear parking access. Ideally situated with easy access to major freeways, this property is just minutes from Downtown Los Angeles, USC, Exposition Park, museums, entertainment venues, LAX, and SoFi/Rams Stadium, making it highly attractive for tenants seeking convenience and connectivity. With recent renovations, modern infrastructure, low owner utility responsibility, strong rental demand, and clear upside potential, this triplex represents a rare investment opportunity perfect for both seasoned investors and those looking to expand their real estate portfolio.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-6 • 0.4 mi
Grades K-6 • 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 | 2,135 | 2,135 | 50% |
| Lot Size | 5,401 | 5,897 | 29% |
| Price | $949.0K | $850.0K | 71% |
| Price per sq ft | $444 | $421 | 58% |
| Built year | 1923 | 1923 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 75 | 154 | 19% |
Mar 7, 2026
$949,000
$1,000,000
-5% Price Drop
Initial Listing
Feb 6, 2026
$1,000,000
Initial Listing
Feb 24, 2022
$965,000
Public Record
Dec 21, 2020
$639,000
Public Record
Jun 14, 2017
$465,000
Public Record
Mar 26, 2003
$230,000
Public Record