500 E 64th Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath
ACTIVE$950,000
500 E 64th Street, Los Angeles, California 90003
0Bed
0Bath
2,550Sqft
5,400Lot
Year Built
1947
Close
-
List price
$950K
Original List price
$1.1M
Price/Sqft
$373
HOA
-
Days on market
-
Sold On
-
MLS number
DW25131652
Home ConditionGood
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $950.0K(86th), sqft - 2550(81th), 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
08/09/25
Price Change
$950,000
06/11/25
Listing
$1,099,000
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
The property, built in 1947, includes two brand new, fully permitted Accessory Dwelling Units (ADUs) which feature modern kitchens with new appliances and quartz countertops, new bathrooms with subway tile and modern fixtures, polished concrete floors, recessed lighting, mini-split AC, and tankless water heaters. The original triplex units, while older, appear well-maintained with functional systems and updated flooring, though their bathrooms and heating systems show signs of being dated. The significant recent upgrades of the ADUs elevate the overall condition, making the property move-in ready and functional, balancing the older, but maintained, original structures.
Pros & Cons
Pros
Multi-Unit Income Property: This property is a rare multi-family gem, featuring a triplex and two brand new, fully permitted ADUs, totaling 5 units, offering significant income potential.
Exceptional CAP Rate: With an impressive 8.1% CAP rate, this property presents a strong return on investment, making it highly attractive for investors seeking cash flow.
New Construction ADUs: The inclusion of two brand new, fully permitted Accessory Dwelling Units (ADUs) enhances rental appeal, commands higher rents, and minimizes immediate maintenance concerns for these units.
Immediate Vacancy for Flexibility: One unit will be delivered vacant, providing immediate flexibility for an owner-occupant or allowing an investor to secure a market-rate tenant without delay.
Location in High Demand Area: Situated in a high-demand area of Los Angeles, the property benefits from strong rental demand and potential for long-term appreciation.
Cons
Age of Original Structure: The original triplex was built in 1947, suggesting potential for older systems and components that may require future maintenance or upgrades compared to newer construction.
Limited Detail on Triplex Condition: While the ADUs are new, the description lacks specific details on recent renovations or the current condition of the original triplex units, which could imply potential deferred maintenance.
Significant Price Reduction: The property has seen a substantial price reduction from its original list price ($1.099M to $950K), which might lead some prospective buyers to question its previous valuation or uncover underlying issues.