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12495 Greene Avenue, Los Angeles, California 90066, Los Angeles, 90066 - 5 bed, 5 bath

12495 Greene Avenue, Los Angeles, California 90066 home-pic-0
ACTIVE$1,599,995
12495 Greene Avenue, Los Angeles, California 90066
5Beds
5Baths
3,204Sqft
4,816Lot
Year Built
1963
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$499
HOA
-
Days on market
-
Sold On
-
MLS number
SW25131384
Home ConditionGood
Features
Good View: City Lights
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $1.60M(50th), sqft - 3204(67th), beds - 5(67th), baths - 5(67th).

Located at a very desirable area! Great investment opportunity. This triplex is on a large lot, zoned R3. Features (1st unit) has 2 bedrooms and 1.5 baths, (2nd unit) has 2 bedrooms and newly renovated one full bathroom, (3rd unit) has one bedroom and 1 full bathroom. Renovations done two years ago that includes new modern look facade in the center front of the property, fresh paint throughout exterior and entry doors in each unit, new front windows, new concrete in the entire driveway and laundry room. There is a vacant space located on the bottom of the 3rd unit with its own backyard (not permitted) can turn into a 4th unit if get permitted. A designated storage per unit located at the driveway, and a shared laundry in front of the driveway. Close to the famous beaches, freeway, restaurants and LAX.

Nearby schools

6/10
Short Avenue Elementary School
Public,•K-6•0.4mi
5/10
Braddock Drive Elementary School
Public,•K-5•0.6mi
6/10
Grand View Boulevard Elementary School
Public,•K-5•0.7mi
3/10
Stoner Avenue Elementary School
Public,•K-5•0.8mi
8/10
Playa Del Rey Elementary School
Public,•K-5•1.1mi
7/10
Beethoven Street Elementary School
Public,•K-5•1.3mi
8/10
Coeur D'Alene Avenue Elementary School
Public,•K-5•1.6mi
6/10
La Ballona Elementary School
Public,•K-5•1.8mi
9/10
Farragut Elementary School
Public,•K-5•1.8mi
8/10
El Rincon Elementary School
Public,•K-5•2.0mi
2/10
Marina Del Rey Middle School
Public,•6-8•0.3mi
4/10
Mark Twain Middle School and World Languages Magnet
Public,•6-8•1.5mi
7/10
Culver City Middle School
Public,•6-8•1.8mi
6/10
Venice Senior High School
Public,•9-12•1.2mi
8/10
Culver City High School
Public,•9-12•1.8mi

Price History

Date
Event
Price
06/13/25
Listing
$1,599,995
Condition Rating
Good
Built in 1963, this triplex has undergone significant recent renovations (2 years ago) including a new modern facade, fresh exterior paint, new front windows, and new concrete driveway. Several interior spaces, including multiple bathrooms and bedrooms, feature modern updates such as new LVP flooring, fresh paint, and updated vanities with subway tile showers. While one kitchen (as seen in image 9) is notably outdated and would require substantial renovation, other kitchens are functional. The property's overall condition, with its recent exterior and partial interior updates, aligns with the 'Good' criteria, indicating it is largely move-in ready in its updated sections, despite not having undergone a full, comprehensive renovation across all units.
Pros & Cons

Pros

Strong Investment Potential: This triplex is explicitly marketed as a 'Great investment opportunity' due to its R3 zoning and large lot, offering significant income-generating capabilities.
Prime Location: Located in a 'very desirable area' with excellent proximity to famous beaches, major freeways, diverse restaurants, and LAX, enhancing tenant demand and property appreciation.
Recent Exterior & Common Area Upgrades: Significant renovations completed two years ago, including a modern facade, fresh exterior paint, new front windows, and new concrete driveway/laundry room, reducing immediate capital expenditures for a new owner.
Value-Add Opportunity: A vacant, unpermitted space with its own backyard offers substantial upside potential to be converted into a 4th unit, significantly increasing rental income if permitted.
Diversified Income Stream: Comprising three distinct units (2-bed/1.5-bath, 2-bed/1-bath, 1-bed/1-bath), the property provides multiple rental income sources, mitigating vacancy risk.

Cons

Unpermitted Unit Expansion: The potential 4th unit is currently unpermitted, requiring a buyer to undertake the time, cost, and risk associated with obtaining necessary permits and construction.
Shared Laundry Facility: The laundry is shared among units and located in front of the driveway, which may be less convenient or desirable for some tenants compared to in-unit or more private facilities.
Age of Building: Built in 1963, the property's underlying infrastructure may be older, potentially leading to unforeseen maintenance or upgrade costs beyond the recent cosmetic renovations.

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