920 S La Verne, Los Angeles, California 90022, Los Angeles, 90022 - 0 bed, 0 bath
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Los Angeles, California 90022
This Triplex Residential Income Asset represents a High-Potential Investment Opportunity, listed at a List Price of $830,000—positioned well below the $934,145 Fair Market Value by 11%. This valuation gap provides $104,145 in Instant Equity. With a Condition Rating of 4, the property requires modernization to maximize rental yields. The detached 3-bedroom front house and two 2-bedroom rear units offer excellent versatility for Buy-and-Hold Investors or Owner-Occupants seeking a house-hacking strategy in a high-demand East Los Angeles rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 920 S La Verne Subject | $830,000* List Price | 0 | 0 | 2,055 | $455 | - |
A 468 S Fetterly Sold | $700,000 | 5 | 2 | 1,888 | $371 | 0.6 mi |
B 618 S Mcbride Avenue Sold | $626,000 | 0 | 0 | 1,319 | $475 | 0.5 mi |
C 1254 S Mcbride Active | $999,990 List Price | 0 | 0 | 2,036 | $491 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1923, this century-old triplex is described by the agent as being in 'ok condition.' Given the age and lack of mentioned recent renovations to kitchens, baths, or systems, the property is considered dated and likely requires minor repairs and modernization to meet current market standards.
The property features a desirable triplex layout consisting of a 3-bedroom front house and two 2-bedroom rear units, providing excellent rental income versatility or a house-hacking opportunity.
The front 3-bedroom house is completely detached from the rear building, offering a level of privacy and a single-family residential feel that is highly attractive to premium tenants or owner-occupants.
Located in the high-demand Boyle Heights/East Los Angeles area, the property is positioned to benefit from consistent tenant demand and proximity to major employment hubs in downtown Los Angeles.
Built in 1923 and described as being in 'ok condition,' the property likely requires significant modernization and updates to its century-old systems to maximize its market value.
With three units situated on a 4,777-square-foot lot, the property offers limited outdoor space and potentially constrained parking options for the total number of residents.
Front house is a 3 bedrooms 1 bath dining area completly detached from the back building 2 bedrooms 1 bath each. Tot unit is in better shape but all units are ok condition
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 | 2,055 | 1,692 | 83% |
| Lot Size | 4,777 | 5,791 | 25% |
| Price | $830.0K | $712.5K | 75% |
| Price per sq ft | $404 | $471 | 33% |
| Built year | 1923 | 1929 | 42% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 222 | 8% |
May 22, 2026
$830,000
Initial Listing
Jun 12, 2006
$600,000
Public Record
Oct 29, 2004
$460,000
Public Record
Jul 25, 1994
$174,000
Public Record