8014 S Western, Los Angeles, California 90047, Los Angeles, 90047 - 0 bed, 0 bath
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Los Angeles, California 90047
This Triplex Investment represents a Strong Value Opportunity, listed at $950,000—positioned well below the $1,008,567 Fair Market Value by 5%. This valuation gap provides $58,567 in Instant Equity for incoming buyers. Featuring a Fair Condition Rating, the California Craftsman-style property offers immediate rental income with significant Value-Add Potential on a 6,389 SF lot. While local primary schools vary, the nearby 9/10 rated Middle College High School enhances long-term desirability. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8014 S Western Subject | $950,000* List Price | 0 | 0 | 2,460 | $410 | - |
A 1802 W W. 92nd St. Sold | $770,000 | 0 | 0 | 2,560 | $301 | 0.9 mi |
B 6820 S Van Ness Avenue Sold | $840,000 | 0 | 0 | 2,064 | $407 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1955, this triplex is functional and shows signs of regular maintenance and partial updates, such as newer laminate flooring and a well-kept common outdoor area with a pergola. However, the property retains older elements like window AC units and dated window frames, and the absence of kitchen or bathroom images typically indicates these areas are not fully modernized. It fits the 'fair' criteria as an aged property with occasional updates that still offers significant value-add potential.
High School: Middle College High School (9/10).
As a triplex, this property provides immediate rental income from three separate units, offering investors a diversified revenue stream and strong cash flow potential in the Los Angeles market.
With a generous 6,389 SF lot and a partially remodeled interior, there is significant upside potential for further development or modernization to maximize market value and rental rates.
The local public schools carry low performance ratings (mostly 1-3 out of 10), which may deter families and limit the long-term appreciation potential compared to higher-rated districts.
Situated on S. Western Ave, a major Los Angeles thoroughfare, the property is subject to significant street noise and traffic, which can impact the residential quietude and tenant retention.
Triplex with Value-Add Opportunities The property at 8014-8016 S. Western Ave represents a perfect balance of current income potential and future value-add opportunities. This opportunity offers immediate returns and long-term financial growth. This charming and partially remodeled California Craftsman-style triplex presents an exceptional investment opportunity in a growing Los Angeles neighborhood. With a 6,357 SF lot and 2,460 SF total living space, this property offers unique upside potential for developers and investors alike.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 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 | 2,460 | 1,948 | 65% |
| Lot Size | 6,389 | 6,056 | 53% |
| Price | $950.0K | $905.0K | 59% |
| Price per sq ft | $386 | $407 | 35% |
| Built year | 1955 | 1944 | 71% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 236 | 6% |
Apr 6, 2026
$950,000
Initial Listing
Oct 11, 2019
$600,000
Public Record
Jun 11, 2018
$398,000
Public Record
Oct 28, 2004
$375,000
Public Record
Mar 28, 2001
$210,000
Public Record