500 64th, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath

ACTIVE$950,000
500 64th, Los Angeles, California 90003
0Bed
0Bath
2,550Sqft
5,400Lot
Year Built
1947
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$373
HOA
-
Days on market
-
Sold On
-
MLS number
DW25221292
Home ConditionGood
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $950.0K(50th), sqft - 2550(50th), beds - undefined(50th), baths - undefined(50th).
Unlock the potential of rare multi-family gem - a beautiful maintained TRIPLEX paired with two brand new, fully permitted Accessory Dwelling Units (ADU'S) offering a total of 5 units in high demand area with a CAP RATE of 8.1% One of the units will be delivered VACANT !!!!!!!
Price History
Date
Event
Price
09/19/25
Listing
$950,000
01/29/10
Sold
$170,000
04/01/05
Sold
$381,000
05/10/04
Sold
$219,000
06/25/01
Sold
$185,000
Condition Rating
Good
This property presents a mixed condition. The two newly constructed Accessory Dwelling Units (ADUs) are in excellent condition, featuring modern kitchens with new appliances, contemporary flooring, recessed lighting, and mini-split AC systems. However, the original triplex, built in 1947, while described as 'beautifully maintained,' shows signs of its age. The visible interiors of the triplex units have updated laminate flooring and fresh paint, but retain older features such as wall-mounted heaters and ceiling fans, and the exterior has security bars and awnings. The overall property benefits significantly from the brand new ADUs, elevating its condition. While the original units are not extensively renovated to modern standards, they appear move-in ready and well-maintained, without requiring immediate major renovations. Therefore, the property's overall condition is assessed as 'Good', reflecting a blend of new construction and well-kept older units.
Pros & Cons
Pros
High Income Potential & Unit Count: The property features a total of 5 units (a triplex plus two brand new ADUs), maximizing rental income potential and offering diverse tenancy options.
Exceptional CAP Rate: An attractive 8.1% CAP rate indicates a strong return on investment, making this property highly appealing to investors seeking robust cash flow.
Vacant Unit Delivery: One unit will be delivered vacant, providing immediate flexibility for an owner-occupant, market-rate rental adjustment, or strategic tenant selection.
Brand New, Permitted ADUs: The inclusion of two brand new, fully permitted Accessory Dwelling Units ensures modern amenities, lower immediate maintenance costs, and legal compliance, enhancing overall property value and appeal.
Location in High Demand Area: Situated in a high-demand area of Los Angeles, the property benefits from strong rental demand and potential for continued property value appreciation.
Cons
Age of Original Triplex Structure: Built in 1947, the original triplex may have older systems (plumbing, electrical, HVAC) and components that could require significant capital expenditures or ongoing maintenance in the future, despite being described as 'maintained'.
Average Unit Size: With 2550 sqft distributed among 5 units, the average unit size is approximately 510 sqft, which might limit the target tenant demographic or rental income potential compared to properties offering larger living spaces.
Neighborhood Specifics (90003): While in a 'high demand area,' the 90003 zip code in South Los Angeles can present specific micro-market dynamics, tenant profiles, and neighborhood amenities that require thorough due diligence to assess suitability for all investors.
































