
Los Angeles, California 90002
This Residential Income Triplex presents a High-Potential Investment Opportunity centered on its rare R-3 Zoning and density upside. Listed at $900,000, the asset is priced slightly above the $836,870 Fair Market Value, reflecting its significant redevelopment capacity for a multi-family complex up to 45 feet tall. Currently holding a Value-Add Condition Rating, the property offers three existing units and an unpermitted bonus unit for immediate income. This is a prime acquisition for Buy-and-Hold Investors or Developers seeking to maximize ROI through new construction or ADU additions.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9536 Compton Subject | $900,000* List Price | 0 | 0 | 2,551 | $328 | - |
A 1535 E 91st Street Sold | $820,000 | 5 | 3 | 2,294 | $357 | 0.3 mi |
B 8913 Compton Avenue Sold | $699,000 | 6 | 2 | 1,560 | $448 | 0.4 mi |
C 9536 Bandera Street Sold | $995,000 | 0 | 0 | 0 | 0.4 mi | |
D 8820 Beach Active | $700,000 List Price | 0 | 0 | 2,636 | $266 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This property, built in 1923, is explicitly marketed as an 'As-is' sale and a 'value-add dream' with 'low rents,' strongly indicating significant deferred maintenance and outdated conditions throughout. The lack of interior photos, the 'drive by only' restriction, and the presence of an 'unpermitted bonus unit' further suggest that the existing structures require substantial repairs and rehabilitation. While the exterior shows basic upkeep, the overall context points to kitchens, bathrooms, and other major systems being very old and in need of complete renovation, likely with significant defects affecting comfort or safety. The property's primary value is in its redevelopment potential, not the current condition of its structures.
The R-3 zoning allows for significant multi-family development up to 45 feet tall, offering the potential to build multiple new units and substantially increase future income.
The property features three existing units plus an unpermitted bonus unit, providing immediate and diversified rental income opportunities.
Described as a 'value-add dream' with current low rents, indicating significant upside potential through rent optimization and property improvements.
The property is sold 'As-is,' placing full responsibility on the buyer for extensive due diligence, potential repairs, and remediation, which may involve unforeseen costs.
The presence of an unpermitted bonus unit introduces potential legal, permitting, and financial challenges for legalization or possible removal.
The 'drive by only, do not disturb tenants' restriction limits thorough property inspection and tenant assessment, hindering a comprehensive understanding of current conditions.
Don’t miss out on this incredible investment opportunity in Los Angeles! This property features three existing units plus an unpermitted bonus unit already equipped with water, electricity, and a gas meter. The lot is zoned R-3, offering powerful redevelopment potential in a rapidly growing neighborhood. Don’t let the current low rents fool you—this is a value-add dream! You can build an ADU for additional passive income, or take full advantage of the R-3 zoning and rebuild the entire lot into a multi-family complex up to 45 feet tall. That means the potential for multiple new units and significantly higher income. The white multifamily building on E 95th Street and Compton Ave is a perfect example of what's possible here. This rare opportunity will not last. Savvy investors—don’t sleep on this deal! Drive by only, do not disturb tenants or enter the easement driveway. Sold As-is- Buyer to conduct all due diligence. Buyer are strongly encourage to independently verify zoning, development prospect, and required remediation with Los Angeles County.
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 | 2,551 | 2,297 | 56% |
| Lot Size | 6,759 | 4,853.5 | 81% |
| Price | $900.0K | $918.5K | 50% |
| Price per sq ft | $353 | $374 | 44% |
| Built year | 1923 | 1950 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 145 | 172 | 31% |
Nov 28, 2025
$900,000
Initial Listing
Jan 3, 2002
$172,000
Public Record
Nov 13, 2000
$140,000
Public Record
Apr 8, 1998
$268,000
Public Record
Jun 6, 1997
$100,000
Public Record