431 W 81st St, Los Angeles, California 90003, Los Angeles, 90003 - 7 bed, 3 bath
ACTIVE$875,000
431 W 81st St, Los Angeles, California 90003
7Beds
3Baths
2,539Sqft
5,663Lot
Year Built
1922
Close
-
List price
$875K
Original List price
$875K
Price/Sqft
$345
HOA
-
Days on market
-
Sold On
-
MLS number
DW25243524
Home ConditionGood
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $875.0K(69th), sqft - 2539(81th), beds - 7(95th), baths - 3(81th).
Fantastic investment opportunity in South Los Angeles! This upgraded triplex features a detached front home (3 bed / 1 bath) perfect for an owner-occupant or new tenant. The rear duplex offers two 2 bed / 1 bath units (one upstairs, one downstairs). All units were updated in 2019 with laminate flooring, tile, modern kitchen cabinets, and granite countertops. Each unit has separate gas and electric meters. Current tenant is month-to-month, providing excellent flexibility for investors or future owner-users. Conveniently located near freeways, public transportation, and local shopping. Sold as-is; seller will make no repairs.
Price History
Date
Event
Price
10/23/25
Listing
$875,000
03/14/19
Sold
$540,000
Condition Rating
Good
While the property was built in 1922, all units underwent significant updates in 2019, including modern kitchen cabinets, granite countertops, laminate flooring, and tile. The images confirm these updates, showing clean, functional kitchens and well-maintained interiors. This makes the living spaces move-in ready and aligns with the 'Good' criteria for properties extensively renovated within 5-15 years. However, the 'as-is' sale condition and the property's overall age suggest that major underlying systems (plumbing, electrical, roof, foundation) may still be original or older and could require future attention, preventing an 'Excellent' rating.
Pros & Cons
Pros
Income-Generating Triplex: This property is a triplex, offering three distinct units (3 bed/1 bath front home, two 2 bed/1 bath rear units), making it an excellent investment opportunity for rental income.
Recent Unit Upgrades: All units were updated in 2019 with modern amenities including laminate flooring, tile, contemporary kitchen cabinets, and granite countertops, reducing immediate renovation needs for a new owner.
Flexible Tenancy: The current tenant is on a month-to-month lease, providing significant flexibility for an investor to adjust rents, or for a future owner-occupant to move into one of the units.
Separate Utility Meters: Each unit benefits from separate gas and electric meters, simplifying utility management and ensuring tenants are responsible for their own consumption.
Convenient Location: The property is strategically located near freeways, public transportation, and local shopping, enhancing its appeal to potential tenants and owner-occupants.
Cons
As-Is Sale Condition: The property is being sold in 'as-is' condition with no seller repairs, which may imply potential for hidden issues and requires thorough buyer due diligence and possible future investment for repairs.
Age of Property: Built in 1922, the property's age suggests that while cosmetic updates have been made, major systems (plumbing, electrical, roof, foundation) may be original or older and could require significant maintenance or replacement in the near future.
Potential for Deferred Maintenance: Given the 'as-is' sale and the property's age, there is an increased likelihood of deferred maintenance beyond the visible updates, which could lead to unexpected costs for the buyer.