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5868 Estrella Avenue, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath

5868 Estrella Avenue, Los Angeles, California 90044 home-pic-0
ACTIVE$659,000
5868 Estrella Avenue, Los Angeles, California 90044
0Bed
0Bath
1,713Sqft
5,202Lot
Year Built
1917
Close
-
List price
$659K
Original List price
$659K
Price/Sqft
$385
HOA
-
Days on market
-
Sold On
-
MLS number
PW25139007
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $659.0K(18th), sqft - 1713(24th), beds - undefined(50th), baths - undefined(50th).

Attention Investors and Savvy Buyers – Prime 3-Unit Income Property in South Central Los Angeles An exceptional investment opportunity awaits with this well-maintained 3-unit complex located in a high-growth area of South Central Los Angeles. This property offers three distinct units, each housed in its own separate structure for enhanced privacy. 2 bed / 2 bath, 2 bed / 1 bath, and 1 bed / 1 bath. The front unit (1 bed/1 bath) has been recently renovated and is currently vacant, offering immediate rental potential at premium market rates. This property is a commuter’s dream, with easy access to major freeways and close proximity to USC, Exposition Park museums, Downtown LA, restaurants, shopping centers, and major sports venues. With a CAP rate of 6.4%, this is a strong cash-flowing investment opportunity with upside potential—perfect for investors or owner-users seeking to expand their portfolio in one of L.A.’s most dynamic rental markets.

Nearby schools

3/10
Sixty-First Street Elementary School
Public,•K-6•0.2mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.6mi
3/10
Budlong Avenue Elementary School
Public,•K-5•0.6mi
4/10
Sixty-Eighth Street Elementary School
Public,•K-6•0.6mi
5/10
Estrella Elementary School
Public,•K-5•0.7mi
2/10
Gerald A. Lawson Academy Of The Arts, Mathematics And Science
Public,•K-6•0.8mi
2/10
Main Street Elementary School
Public,•K-5•0.8mi
3/10
Raymond Avenue Elementary School
Public,•K-5•1.4mi
2/10
Western Avenue Elementary School
Public,•K-5•1.4mi
2/10
John Muir Middle School
Public,•6-8•0.4mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•1.0mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.2mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.7mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•0.2mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.5mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.4mi
5/10
Santee Education Complex
Public,•9-12•3.1mi
9/10
Middle College High School
Public,•9-12•4.6mi

Price History

Date
Event
Price
06/26/25
Listing
$659,000
05/17/21
Sold
$526,000
Condition Rating
Fair
This property, built in 1917, is over a century old. While the listing states that the front 1-bed/1-bath unit has been 'recently renovated,' and images confirm modern updates in its kitchen (shaker cabinets, new countertops, subway tile backsplash, new range) and bathroom (new tub/toilet), and new laminate flooring throughout, the other units are not to the same standard. Images of a second kitchen reveal older laminate countertops, an older black gas range with a dated hood, and older tile flooring. Other areas show new laminate flooring and fresh paint but retain older features like popcorn ceilings and basic flush mount light fixtures. Heating appears to be wall-mounted units. The exterior also reflects the property's age. Overall, it's an aged property that has received partial updates, with one unit significantly renovated, but the property as a whole shows a mix of outdated and functional components, aligning with a 'fair' condition.
Pros & Cons

Pros

Income-Generating Triplex: The property is a prime 3-unit income property, offering three distinct units (2 bed/2 bath, 2 bed/1 bath, and 1 bed/1 bath) which provides diversified rental income streams for investors.
Strong Cash Flow & Upside Potential: Advertised with a robust 6.4% CAP rate, this property presents a strong cash-flowing investment opportunity with significant upside potential in a dynamic rental market.
Strategic High-Growth Location: Located in a high-growth area of South Central Los Angeles, the property benefits from excellent commuter access to major freeways, USC, Downtown LA, and various cultural and entertainment venues.
Immediate Rental Opportunity: The front 1-bedroom, 1-bath unit has been recently renovated and is currently vacant, allowing for immediate occupancy and the potential to secure premium market rate rental income without delay.
Enhanced Tenant Privacy: Each of the three units is housed in its own separate structure, a desirable feature that significantly enhances privacy for tenants, potentially leading to higher tenant satisfaction and retention.

Cons

Age of Property: Constructed in 1917, the property is over a century old, which typically entails higher maintenance demands and potential for costly upgrades to plumbing, electrical, and other major systems.
Unspecified Condition of Two Units: The description highlights the renovation of only one unit (1 bed/1 bath). The condition of the remaining two units is not detailed, suggesting they may be in original or less updated states, potentially requiring significant capital investment.
Limited Individual Unit Space/Amenities: With three units on a 5202 sqft lot and a total living area of 1713 sqft, individual units are likely compact, and private outdoor space or dedicated parking might be limited, which could impact tenant appeal or rental rates.

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