
Los Angeles, California 90023
This Boyle Heights triplex represents a High-Potential Investment Opportunity, listed at $749,000—positioned well below the $846,654 Fair Market Value by 11%. This valuation gap provides $97,654 in Instant Equity. Featuring LARD1.5 zoning on a 13,316 sq. ft. lot, the property offers significant redevelopment potential for up to 8 units. With a Condition Rating of 4, the asset is stable but offers value-add potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking immediate cash flow and long-term density growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 729 S Bernal Subject | $749,000* List Price | 6 | 3 | 2,250 | $376 | - |
A 1125 Orme Sold | $750,000 | 7 | 4 | 1,828 | $410 | 0.8 mi |
B 650 S Indiana St Sold | $780,000 | 0 | 0 | 2,035 | $383 | 0.6 mi |
C 3078 E 6th Street Sold | $850,000 | 0 | 0 | 2,279 | $373 | 0.2 mi |
D 3752 E 6th Sold | $845,000 | 0 | 0 | 2,624 | $322 | 0.6 mi |
E 657 S Mathews Sold | $698,888 | 0 | 0 | 1,920 | $364 | 0.8 mi |
F 1006 S Concord Active | $700,000 List Price | 6 | 4 | 2,607 | $269 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1942, this property is well-maintained but dated. While it features some recent upgrades like laminate flooring and one remodeled bathroom in the rear unit, the overall infrastructure (including window AC units and older exterior) and the age of the front units suggest it is over 20 years since a full renovation, requiring minor repairs and modernization to meet current standards.
The massive 13,313 sq. ft. lot paired with LARD1.5 zoning offers a rare opportunity to redevelop the site into up to 8 units, significantly increasing the property's long-term value and density.
The layout of a detached rear unit and a front duplex provides an ideal setup for an owner-occupant to live privately while generating rental income, or for an investor to capitalize on three separate streams of cash flow.
All three units feature separate gas and electric meters along with individual water heaters, which reduces landlord overhead and simplifies utility management for tenants.
Originally built in 1942, the property may require significant capital expenditures for updates to aging plumbing, electrical, or structural systems not addressed by recent cosmetic upgrades.
With only 2,250 sq. ft. of living space across three units on a 0.3-acre lot, the property’s current improvements do not fully leverage the land's maximum income-earning capacity without further construction.
This Boyle Heights triplex presents a rare and versatile investment opportunity with multiple paths for income growth and future development. The property is currently configured with a duplex at the front of the lot and a spacious detached unit at the rear, creating the perfect setup for an owner-occupant to live in the private back unit while generating rental income from the front units, both of which have been well maintained and upgraded over time. Investors also have the option to lease all three units and capitalize on strong rental upside with significant pro-forma potential and long-term ROI. Situated on an expansive 13,313 sq. ft. lot (approximately 0.3 acres) with desirable LARD1.5 zoning, the property offers exceptional redevelopment potential, allowing for up to 8 buildable units on the parcel (Buyer to verify all information). With larger multi-unit and multi-story developments already established along the same street, the groundwork for increased density and enhanced income potential has already been set. All three units feature 2 bedrooms and 1 bathroom, with separate gas and electric meters, as well as individual water heaters for each unit. The owner’s unit includes a dedicated laundry room, while exterior laundry is available for the duplex units. Over the years, the property has seen various upgrades, including newer laminate flooring throughout, a newer roof on the rear owner’s unit, and a remodeled bathroom in the detached unit. A long driveway running alongside and in front of the property provides ample parking for residents and guests alike. Conveniently located near major freeways and offering easy access to all parts of Los Angeles, this property combines immediate cash-flow opportunity with substantial long-term land value and redevelopment potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 0.0 | 88% |
| Baths | 3.0 | 0.0 | 88% |
| Square foot | 2,250 | 1,719 | 75% |
| Lot Size | 13,316 | 5,592.5 | 94% |
| Price | $749.0K | $749.5K | 50% |
| Price per sq ft | $333 | $409 | 25% |
| Built year | 1942 | 1923 | 81% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 122 | 6% |
May 26, 2026
$749,000
Initial Listing