3016 E 1st Street 14, Los Angeles, California 90063, Los Angeles, 90063 - bed, bath
ACTIVE$885,000
3016 E 1st Street 14, Los Angeles, California 90063
0Bed
0Bath
2,778Sqft
7,493Lot
Year Built
1947
Close
-
List price
$885K
Original List price
$989K
Price/Sqft
$319
HOA
-
Days on market
-
Sold On
-
MLS number
RS25066351
Home ConditionPoor
Features
View-
About this home
Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,5 Pros. Rank: price - $885.0K(77th), sqft - 2778(85th), beds - undefined(50th), baths - undefined(50th).
FELL OUT OF ESCROW and Back on the MARKET!! Triplex located in a high density area with close proximity to Downtown Los Angeles. Nice large lot. There is a billboard on the property that generates additional income.
Nearby schools
2/10
First Street Elementary School
Public,•K-6•0.1mi
4/10
Malabar Street Elementary School
Public,•K-6•0.6mi
5/10
Euclid Avenue Elementary School
Public,•K-5•0.7mi
4/10
Breed Street Elementary School
Public,•K-6•0.7mi
3/10
Sheridan Street Elementary School
Public,•K-6•0.8mi
5/10
Sunrise Elementary School
Public,•K-6•0.9mi
4/10
Evergreen Avenue Elementary School
Public,•K-6•0.9mi
3/10
Belvedere Elementary School
Public,•K-5•0.9mi
4/10
Second Street Elementary School
Public,•K-6•1.0mi
2/10
Lorena Street Elementary School
Public,•K-5•1.0mi
4/10
Soto Street Elementary School
Public,•K-6•1.0mi
5/10
Rowan Avenue Elementary School
Public,•K-5•1.2mi
4/10
Bridge Street Elementary School
Public,•K-5•1.2mi
3/10
Harrison Street Elementary School
Public,•K-6•1.3mi
4/10
Christopher Dena Elementary School
Public,•K-6•1.3mi
/10
Amanecer Primary Center
Public,•K-2•1.4mi
2/10
Murchison Street Elementary School
Public,•K-6•1.4mi
/10
Garza (Carmen Lomas) Primary Center
Public,•K-2•1.4mi
5/10
Eastman Avenue Elementary School
Public,•K-5•1.7mi
4/10
Griffin Avenue Elementary School
Public,•K-5•2.0mi
4/10
Gates Street Elementary School
Public,•K-5•2.2mi
3/10
Albion Street Elementary School
Public,•K-6•2.3mi
3/10
Ann Street Elementary School
Public,•K-6•2.4mi
5/10
Ninth Street School
Public,•K-5•2.6mi
6/10
Hollenbeck Middle School
Public,•6-8•0.6mi
3/10
Robert Louis Stevenson Middle School
Public,•6-8•1.1mi
4/10
Belvedere Middle School
Public,•6-8•1.1mi
4/10
Utah Street Elementary School
Public,•K-8•1.4mi
6/10
Vernon City Elementary School
Public,•K-7•3.0mi
5/10
El Sereno Middle School
Public,•6-8•3.1mi
5/10
Florence Nightingale Middle School
Public,•6-8•3.4mi
4/10
Chester W. Nimitz Middle School
Public,•6-8•3.7mi
3/10
Henry T. Gage Middle School
Public,•6-8•4.1mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•0.5mi
3/10
Theodore Roosevelt Senior High
Public,•9-12•0.5mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•1.6mi
4/10
Woodrow Wilson Senior High School
Public,•9-12•2.3mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•2.4mi
7/10
James A. Garfield Senior High School
Public,•9-12•2.7mi
4/10
Huntington Park Senior High School
Public,•9-12•3.8mi
5/10
Maywood Academy High
Public,•9-12•4.0mi
5/10
Bell Senior High School
Public,•9-12•4.6mi
4/10
Elizabeth Learning Center
Public,•K-12•5.4mi
Price History
Date
Event
Price
11/05/25
Price Change
$885,000-1.1%
10/15/25
Price Change
$895,000-1.6%
09/17/25
Price Change
$910,000-2.2%
08/18/25
Price Change
$930,000-6.0%
03/26/25
Listing
$989,000
09/23/22
Sold
$916,000
12/16/98
Sold
$225,000
04/01/98
Sold
$160,000
Condition Rating
Poor
Built in 1947, this triplex is over 75 years old and shows significant signs of deferred maintenance and outdated features. The kitchen and bathroom, as seen in the images, are extremely dated with older appliances, basic fixtures, and worn surfaces, indicating a need for complete renovation. The property description mentions it 'fell out of escrow' and the AI analysis highlights 'Advanced Age & Potential Deferred Maintenance' requiring 'significant capital expenditure for system upgrades, structural repairs, or modernization.' While not a tear-down, it requires substantial repairs and rehabilitation to meet modern living standards and address potential underlying issues.
Pros & Cons
Pros
Diverse Income Streams: The property is a triplex, offering multiple rental units, and includes an additional revenue source from an on-site billboard, enhancing overall cash flow potential for investors.
Strategic Urban Location: Situated in a high-density area with excellent proximity to Downtown Los Angeles, ensuring strong rental demand and potential for long-term appreciation.
Generous Lot Size: A substantial 7,493 sqft lot provides opportunities for future expansion, landscaping, or potential redevelopment, adding significant value.
Attractive Pricing & Value: The current list price of $885,000 is significantly reduced from its original $989,000 and below its 2022 sale price of $916,000, presenting a compelling investment opportunity.
Multi-Unit Investment: As a triplex, it offers inherent advantages for investors, including diversified income and reduced vacancy risk compared to single-unit properties.
Cons
Prior Escrow Failure: The property 'fell out of escrow,' which often indicates unresolved issues (e.g., inspection findings, title problems, buyer financing) that could resurface for a new buyer.
Advanced Age & Potential Deferred Maintenance: Built in 1947, the property is over 75 years old, likely requiring significant capital expenditure for system upgrades, structural repairs, or modernization to meet current standards.
Persistent Price Reductions: Multiple price drops from the original listing suggest challenges in marketability or initial overpricing, potentially signaling a need for further price adjustments or significant investment to attract a buyer.