829 El Paso Drive, Los Angeles, California 90042, Los Angeles, 90042 - 4 bed, 3 bath
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Los Angeles, California 90042
This newly remodeled triplex represents a Strong Value Opportunity, listed at $1,388,000—positioned well below the $1,508,675 Fair Market Value by 7%. This valuation gap provides $120,675 in Instant Equity for the buyer. Featuring a Mint Condition Rating with modern kitchens and updated systems, this turnkey asset offers immediate rental income potential or flexible multigenerational living. With a large 7,411 sqft lot and City Lights views, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-demand Highland Park location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 829 El Paso Drive Subject | $1,288,000* List Price | 4 | 3 | 1,702 | $816 | - |
A 4840 Malta Street Sold | $1,500,000 | 4 | 3 | 1,668 | $899 | 0.5 mi |
B 1411 Armadale Avenue Sold | $1,514,910 | 4 | 3 | 1,595 | $950 | 0.7 mi |
C 5049 San Rafael Avenue Sold | $1,396,500 | 3 | 3 | 1,569 | $890 | 0.2 mi |
D 5125 Buchanan Street Sold | $1,250,000 | 3 | 2 | 1,754 | $713 | 0.5 mi |
E 5118 Hub Street Sold | $1,398,000 | 3 | 4 | 1,740 | $803 | 0.3 mi |
F 1011 Terrace 49 Sold | $1,470,000 | 3 | 2 | 1,568 | $938 | 0.4 mi |
G 5001 Buchanan Street Sold | $1,099,000 | 3 | 1 | 1,475 | $745 | 0.4 mi |
H 5624 Stratford Road Active | $1,499,000 List Price | 3 | 2 | 1,739 | $862 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property is a newly remodeled triplex featuring modern kitchens with shaker cabinets and stainless steel appliances, updated bathrooms, and new flooring throughout. The listing and images confirm recent upgrades to electrical and plumbing systems, along with the installation of new mini-split HVAC units, placing it in mint, turnkey condition with a renovation age of less than 5 years.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7411, living area = 1702.
This newly remodeled triplex is delivered vacant, providing a rare opportunity for immediate market-rate leasing, multigenerational living, or an owner-user setup in a high-demand rental market.
The property features comprehensive updates including remodeled kitchens, in-unit laundry, and upgraded electrical and plumbing systems, offering peace of mind and reduced capital expenditure.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1702, other record living area = 1139. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
With 1,702 total square feet split across three units, the individual living spaces are relatively small, which may limit the tenant profile to individuals or couples.
The list price reflects a significant premium relative to the total living area, necessitating high rental performance to achieve competitive investment returns.
Newly Remodeled Highland Park Triplex | Main 2BR/1BA Residence + Separate 1BR/1BA Unit + 1BR + Office/Den Suite | Ideal for Multigenerational Living or Investment Nestled in the heart of Highland Park, this newly remodeled triplex offers a rare combination of charm, versatility, and income-producing potential. With approximately 1,702 square feet of living space, 7414 sqft lot the property is thoughtfully designed to accommodate a variety of lifestyles and investment objectives.The property features a 2-bedroom, 1-bathroom main residence filled with abundant natural light, modern finishes, and timeless character. Complementing the main home is a separate 1-bedroom, 1-bathroom unit and a versatile 1-bedroom suite with an office/den and its own private bathroom, providing exceptional flexibility for multigenerational living, extended family, guest accommodations, a home office, or rental income.Thoughtfully updated throughout, the property boasts remodeled kitchens, in-unit laundry, separate entrances for enhanced privacy, 6 gated parking, and a private yard ideal for relaxing or entertaining. Recent improvements include updated electrical and plumbing systems offering added peace of mind for future owners.Whether you're looking to live in one unit while generating rental income from the others or maximize the property's full investment potential, this triplex presents an exceptional opportunity. Even better, all units will be delivered vacant at the close of escrow, giving the new owner maximum flexibility to occupy, lease, or reimagine the space to fit their needs.Ideally located just minutes from York Blvd and Figueroa St vibrant cafs, restaurants, shopping, and entertainment, this turnkey property combines neighborhood charm with modern convenience in one of Northeast Los Angeles' most sought-after communities.Buyer to independently verify all permits, square footage, zoning, and property details to their own satisfaction.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,702 | 1,672 |
| Lot Size | 7,414 | 6,067 |
| Price | $1.29M | $1.37M |
| Price per sq ft | $757 | $801 |
| Built year | 1925 | 1939 |
| HOA | $0 | $348 |
| Days on market | 44 | 56 |
Jul 14, 2026
$1,288,000
$1,388,000
-7% Price Drop
Initial Listing
Jun 8, 2026
$1,388,000
Initial Listing
Aug 6, 2024
$920,000
Public Record
Feb 29, 1996
$105,000
Public Record