
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 | $988,000* List Price | 4 | 3 | 1,702 | $580 | - |
A 5415 Ash Street Sold | $1,217,000 | 3 | 3 | 1,669 | $729 | 0.6 mi |
B 5001 Buchanan Street Sold | $1,099,000 | 3 | 1 | 1,475 | $745 | 0.4 mi |
C 5140 Miriam Street Active | $899,000 List Price | 3 | 2 | 1,370 | $656 | 0.3 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 offering approximately 1,702 sq ft of living space on a 7,414 sq ft lot. Property features a 2BR/1BA main residence, a separate 1BR/1BA unit, plus an additional 1BR with office/den suite. Flexible layout offers potential for multigenerational living, extended household use, or investment purposes. Main residence features abundant natural light, modern finishes, and character. Conveniently located in Highland Park near shops, restaurants, and neighborhood amenities. Property is offered in As-Is condition. Buyer to verify all square footage, permits, property details, and intended use.
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 | 1,664.159 |
| Lot Size | 7,414 | 6,066.556 |
| Price | $988.0K | $1.35M |
| Price per sq ft | $580 | $806 |
| Built year | 1925 | 1939 |
| HOA | $0 | $278 |
| Days on market | 93 | 55 |
Sep 3, 2026
$988,000
$1,188,000
-17% Price Drop
Initial Listing
Aug 19, 2026
$1,188,000
$1,288,000
-8% Price Drop
Initial Listing
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