3721 Exposition Boulevard, Los Angeles, California 90016, Los Angeles, 90016 - bed, bath
ACTIVE$900,000
3721 Exposition Boulevard, Los Angeles, California 90016
0Bed
0Bath
2,106Sqft
5,623Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Potential: This triplex offers immediate income generation and diversification, making it an attractive asset for investors seeking consistent rental revenue.
Top Cons:
As-Is Sale Condition: The property is being sold in 'as-is' condition, transferring all responsibility for potential repairs, upgrades, and deferred maintenance directly to the buyer.
Compared to the nearby listings
Price:$900.0K vs avg $900.0K (+$0)50%
Size:2,106 sqft vs avg 2,106 sqft50%
Price/sqft:$427 vs avg $42750%
More Insights
Built in 1947 (78 years old).
Condition: The property was built in 1947, making it 77 years old. While the listing highlights a 'NEW ROOF, LESS THAN 12 MONTHS OLD,' which is a significant recent update, there are no interior images provided. The description also states the property is being sold 'as is' and requests no disturbance to occupants, which strongly suggests the interior, including the kitchen and bathrooms, is likely original or has only received dated updates. The exterior appears maintained, but without interior photos or details on major system upgrades (plumbing, electrical, HVAC), it's reasonable to assume the interior components are functional but outdated, requiring significant renovation to meet modern standards. It fits the 'Fair' criteria of being aged but maintained, with major components functional but showing signs of being outdated, and likely built over 20 years ago with no major renovations since construction (beyond the roof).
Year Built
1947
Close
-
List price
$900K
Original List price
$925K
Price/Sqft
$427
HOA
-
Days on market
-
Sold On
-
MLS number
CV25030331
Home ConditionFair
Features
View-
About this home
*****BRAND NEW LOWER PRICE*************!!! ***NEW ROOF, LESS THAN 12 M0NTHS OLD*** Located in the historic Jefferson Park area of Los Angeles, this is a rare chance to purchase a well kept 3 unit investors dream. Originally constructed in 1947, this one story property features 3 units totaling 2115 square feet on a 5100 square foot lot size. This property will be sold in "as is" condition and out of respect for the occupants we kindly ask that you do not disturb them nor walk on property. Unit #1--1 bedrm and 1 bath 637 square feet. Unit#2-- 1 bedrm and 1 bath 624 square feet. Unit #3 has 2 bedrms and 1 bath 854 square feet.
Nearby schools
5/10
Virginia Road Elementary School
Public,•K-5•0.4mi
3/10
Sixth Avenue Elementary School
Public,•K-5•0.8mi
5/10
Cienega Elementary School
Public,•K-5•1.1mi
4/10
Alta Loma Elementary School
Public,•K-5•1.3mi
3/10
Arlington Heights Elementary School
Public,•K-5•1.4mi
6/10
Baldwin Hills Elementary School
Public,•K-5•1.6mi
6/10
Marvin Elementary School
Public,•K-5•1.7mi
2/10
Audubon Middle School
Public,•6-8•1.0mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.5mi
3/10
Daniel Webster Middle School
Public,•6-8•5.7mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•0.5mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•3.1mi
Price History
Date
Event
Price
11/25/97
Sold
$175,000
07/24/15
Sold
$500,000
Condition Rating
Fair
The property was built in 1947, making it 77 years old. While the listing highlights a 'NEW ROOF, LESS THAN 12 MONTHS OLD,' which is a significant recent update, there are no interior images provided. The description also states the property is being sold 'as is' and requests no disturbance to occupants, which strongly suggests the interior, including the kitchen and bathrooms, is likely original or has only received dated updates. The exterior appears maintained, but without interior photos or details on major system upgrades (plumbing, electrical, HVAC), it's reasonable to assume the interior components are functional but outdated, requiring significant renovation to meet modern standards. It fits the 'Fair' criteria of being aged but maintained, with major components functional but showing signs of being outdated, and likely built over 20 years ago with no major renovations since construction (beyond the roof).
Pros & Cons
Pros
Multi-Unit Income Potential: This triplex offers immediate income generation and diversification, making it an attractive asset for investors seeking consistent rental revenue.
Recent Capital Improvement: A brand new roof, less than 12 months old, significantly reduces immediate maintenance costs and provides long-term value and peace of mind for the buyer.
Desirable Los Angeles Location: Located in the historic Jefferson Park area of Los Angeles, the property benefits from strong rental demand and potential for appreciation in a sought-after urban market.
Motivated Seller: The recent price reduction from $925,000 to $900,000 indicates a motivated seller, potentially offering a more attractive entry point for buyers.
Established Rental Property: Described as a 'well kept' property with existing units, it suggests a stable investment opportunity with a history of occupancy.
Cons
As-Is Sale Condition: The property is being sold in 'as-is' condition, transferring all responsibility for potential repairs, upgrades, and deferred maintenance directly to the buyer.
Occupied Units / Restricted Access: Current occupancy and the strict 'do not disturb' policy limit the buyer's ability to conduct thorough interior inspections and view all units prior to purchase.
Property Age: Built in 1947, the property is older, suggesting that while the roof is new, other major systems (e.g., plumbing, electrical, foundation) may require significant updates or repairs in the near future.