
Los Angeles, California 90023
This Boyle Heights triplex represents a High-Potential Investment Opportunity, listed at a List Price of $749,000—positioned well below the $862,229 Fair Market Value by 13%. This valuation gap provides $113,229 in Instant Equity. With LARD1.5 zoning on a 13,313 sq. ft. lot, the property offers significant redevelopment potential for up to 8 units. Featuring a Condition Rating of 4, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking immediate cash flow and long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 729 S Bernal Subject | $749,000* List Price | 0 | 0 | 2,250 | $383 | - |
A 650 S Indiana St Sold | $780,000 | 0 | 0 | 2,035 | $383 | 0.6 mi |
B 3078 E 6th Street Sold | $850,000 | 0 | 0 | 2,279 | $373 | 0.2 mi |
C 3752 E 6th Sold | $845,000 | 0 | 0 | 2,624 | $322 | 0.6 mi |
D 1125 Orme Sold | $750,000 | 7 | 4 | 1,828 | $410 | 0.8 mi |
E 657 S Mathews Sold | $698,888 | 0 | 0 | 1,920 | $364 | 0.8 mi |
F 958 S Concord Pending | $870,000 List Price | 5 | 4 | 2,576 | $338 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1942, the property has received partial updates including newer laminate flooring and a remodeled bathroom in one unit. However, the presence of window AC units suggests a lack of modern central HVAC, and the overall structure remains dated, requiring further updates to systems and interiors to meet modern 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 density and value.
The layout featuring a front duplex and a detached rear unit is ideal for owner-occupants seeking a private residence while benefiting from immediate rental income to offset mortgage costs.
All three units are equipped with separate gas and electric meters and individual water heaters, reducing landlord overhead and simplifying utility management for the investor.
Built in 1942, the property may require significant capital improvements for aging plumbing, electrical, or structural systems common in older multi-family assets.
The lack of dedicated indoor laundry for the front duplex units may be a deterrent for modern tenants and could limit the ability to achieve top-of-market rental rates.
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 | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| 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 | 131 | 6% |
May 26, 2026
$749,000
Initial Listing