
Los Angeles, California 90001
This triplex presents a High-Potential Investment Opportunity with a List Price of $850,000—positioned well below the $882,084 Fair Market Value by 3%. This valuation gap offers $32,084 in Instant Equity for buyers. With a Condition Rating of 5, the property requires significant renovation, yet offers a scalable Multifamily Asset with individual washer/dryer hookups and ample parking. This is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking to maximize rental income through strategic value-add improvements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 720 E 82nd Street Subject | $760,000* List Price | 0 | 0 | 2,840 | $293 | - |
A 7919 Naomi Pending | $675,000 List Price | 0 | 0 | 2,350 | $287 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1963 and sold 'AS IS,' the property is explicitly described as needing repairs and updating. Interior photos show dated kitchens and bathrooms with mismatched appliances, worn flooring, and popcorn ceilings, indicating the need for a comprehensive rehab to address aging systems and finishes.
This triplex features a consistent unit mix of three 2-bedroom, 1-bathroom units, providing a stable and scalable rental income stream in a high-demand South Los Angeles market.
The property offers high-value tenant conveniences including individual washer/dryer hookups for each unit and a long driveway that provides ample off-street parking.
The 'AS IS' condition presents a significant opportunity for investors to build equity through forced appreciation by renovating and bringing units up to modern market-rate rents.
The property requires extensive repairs and updating, which will necessitate immediate and potentially substantial upfront capital investment from the buyer.
The majority of assigned public schools in the immediate vicinity have low performance ratings, which may limit the property's appeal to long-term family tenants.
Exceptional investment opportunity in South Los Angeles! This triplex features three spacious units, each offering 2 bedrooms, 1 full bathroom, and individual washer and dryer hookups for added tenant convenience. With a total of 6 bedrooms and 3 bathrooms, this property is an excellent opportunity for investors or owner-users looking to build equity and maximize rental income. The property is being sold AS IS and is in need of repairs and updating, offering the perfect opportunity to renovate and add value. A long driveway provides ample off-street parking for tenants, with additional onsite parking located behind the two rear units. The property also features a grassy front yard and mature trees in the rear, creating a pleasant outdoor setting. Conveniently located in South Los Angeles with easy access to major freeways, public transportation, shopping, schools, and neighborhood amenities, this multifamily property offers tremendous upside potential in a strong rental market. Whether you're looking to renovate and hold for long-term income or add to your investment portfolio, this is an opportunity you won't want to miss.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.4 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,840 | 2,187.451 |
| Lot Size | 5,102 | 5,841.385 |
| Price | $760.0K | $841.5K |
| Price per sq ft | $268 | $385 |
| Built year | 1963 | 1928 |
| HOA | $0 | $0 |
| Days on market | 49 | 85 |
Aug 19, 2026
$760,000
$850,000
-11% Price Drop
Initial Listing
Jul 22, 2026
$850,000
Initial Listing
Jun 29, 2001
$230,000
Public Record