656 S Mott, Los Angeles, California 90023, Los Angeles, 90023 - 0 bed, 0 bath
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Los Angeles, California 90023
This Residential Income Triplex represents a strategic Value-Add acquisition in Boyle Heights, listed at $900,000 relative to a $800,991 Fair Market Value. The property delivers Immediate Cash Flow through three occupied units, including a detached two-bedroom unit and on-site garage parking. With a Condition Rating of 4, the "As-Is" sale provides a clear path for forced appreciation through interior renovations and the optimization of market rents. This multi-unit asset is a stable opportunity perfectly suited for Buy-and-Hold Investors or Portfolio Managers seeking long-term growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 656 S Mott Subject | $900,000* List Price | 0 | 0 | 1,428 | $561 | - |
A 924 Euclid Active | $799,000 List Price | 0 | 0 | 1,716 | $466 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1928, this triplex is sold 'As-Is' with no interior photos provided, which typically indicates outdated finishes and deferred maintenance. Exterior images show significant weathering on the stucco and wood trim, cracked concrete driveways, and older window units. While the property is functional and occupied by long-term tenants, it lacks modern updates and likely requires minor to moderate repairs to meet current market standards.
This triplex offers a diversified income stream with three separate units, providing an excellent investment opportunity in the high-demand Los Angeles rental market.
The property includes a detached two-bedroom unit and garage parking for two of the units, features that significantly enhance tenant privacy and property value.
With all units currently occupied by long-term tenants, the property ensures immediate rental income from the date of acquisition without initial vacancy concerns.
The seller will not provide repairs or credits, meaning the buyer must be prepared to assume all costs for potential deferred maintenance or necessary upgrades.
The sale is subject to existing lease agreements and long-term tenancies, which may restrict the buyer's ability to immediately renovate or adjust rents to current market rates.
Three-unit income property located in Los Angeles. Excellent investment opportunity. Unit Breakdown: • Unit 1: 1 bedroom / 1 bathroom • Unit 2: 1 bedroom / 1 bathroom / 1-car garage • Unit 3 (detached): 2 bedrooms / 1 bathroom / 1-car garage Units are occupied by long-term tenants. Property is being sold strictly in its current “As-Is” condition. Seller will not make repairs or provide credits. Sale includes tenants in place. Subject to interior inspection. Buyer to cooperate with existing lease agreements. Buyer to independently verify all information including but not limited to square footage, permits, condition, current rents, and applicable regulations.
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 | 1,428 | 1,758 | 38% |
| Lot Size | 3,880 | 5,983 | 15% |
| Price | $900.0K | $710.9K | 92% |
| Price per sq ft | $630 | $410 | 77% |
| Built year | 1928 | 1923 | 85% |
| HOA | $0 | $0 | 50% |
| Days on market | 54 | 180 | 8% |
Feb 27, 2026
$900,000
Initial Listing