943 W 65th Street, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath
ACTIVE$850,000
943 W 65th Street, Los Angeles, California 90044
0Bed
0Bath
3,260Sqft
7,320Lot
Year Built
1925
Close
-
List price
$850K
Original List price
$880K
Price/Sqft
$261
HOA
-
Days on market
-
Sold On
-
MLS number
TR25085572
Home ConditionPoor
Features
ViewNeighborhood
About this home
We found 3 Cons,6 Pros. Rank: price - $850.0K(69th), sqft - 3260(81th), beds - undefined(50th), baths - undefined(50th).
VERY MOTIVATED SELLER! **TRIPLEX** 7 Bedrooms and 4 Full Bathrooms in TOTAL for this INVESTMENT OPPORTUNITY!!! This incredible investment property offers plenty of potential with the opportunity to own three units within two detached buildings. The front two units each offer 2 spacious bedrooms and 1 bath, and the rear, two-story unit offers 3 bedrooms and 2 full baths. Tenants are long-term and have been renting there for over 10 years... good potential going up... Property to be sold with tenants in place. PLEASE DO NOT DISTURB! Conveniently located minutes away from major freeways and shopping centers. PRICED TO SELL...LOOK NO FURTHER.
Nearby schools
2/10
Gerald A. Lawson Academy Of The Arts, Mathematics And Science
Public,•K-6•0.2mi
4/10
Sixty-Eighth Street Elementary School
Public,•K-6•0.4mi
3/10
Budlong Avenue Elementary School
Public,•K-5•0.5mi
3/10
Sixty-First Street Elementary School
Public,•K-6•0.6mi
3/10
Raymond Avenue Elementary School
Public,•K-5•0.7mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•1.1mi
5/10
Estrella Elementary School
Public,•K-5•1.2mi
2/10
Western Avenue Elementary School
Public,•K-5•1.4mi
2/10
Main Street 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•1.1mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.8mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.8mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•0.4mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.4mi
3/10
Nava College Preparatory Academy
Public,•9-12•3.0mi
5/10
Santee Education Complex
Public,•9-12•3.7mi
9/10
Middle College High School
Public,•9-12•4.3mi
Price History
Date
Event
Price
04/07/23
Sold
$800,000
04/11/22
Sold
$755,000
04/07/20
Sold
$689,000
01/26/17
Sold
$560,000
07/11/03
Sold
$1,000
Condition Rating
Poor
Built in 1925, this property is nearly 100 years old with no indication of significant recent renovations. The exterior images reveal window-mounted AC units, suggesting a lack of central cooling/heating. The property analysis explicitly highlights 'Advanced Age of Property' and 'Potential for Significant Renovation Costs' as weaknesses. With long-term tenants and no interior photos, it's highly probable that the kitchens, bathrooms, and major systems (electrical, plumbing, HVAC) are severely outdated and require substantial repairs and rehabilitation to meet current standards and maximize its investment potential.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Strong Investment Opportunity: This triplex offers three distinct units (7 beds/4 baths total across two detached buildings), providing multiple income streams and a solid foundation for an investor.
Established Long-Term Tenancy: The presence of long-term tenants (over 10 years) indicates stable rental income and potentially below-market rents, offering significant upside for a new owner to increase cash flow.
Motivated Seller & Price Adjustment: The seller is 'VERY MOTIVATED' and has already reduced the list price from $880,000 to $850,000, suggesting a potential for a favorable purchase price.
Strategic Location: Conveniently located minutes away from major freeways and shopping centers, enhancing tenant appeal and ensuring good accessibility.
Generous Lot and Building Size: With a 7,320 sqft lot and 3,260 sqft of living space, the property offers ample room for the three units and potential for future enhancements or value appreciation.
Cons
Advanced Age of Property: Built in 1925, the property is likely to require significant capital expenditures for updates to aging systems (plumbing, electrical, HVAC) and general deferred maintenance.
Sale with Existing Tenants & Limited Access: Being sold with long-term tenants in place and a 'do not disturb' clause can complicate due diligence, limit access for showings, and potentially mean inheriting below-market leases that may require time and effort to adjust.
Potential for Significant Renovation Costs: Given the property's age and its framing as an 'investment opportunity' rather than a turnkey asset, it is highly probable that substantial renovation and modernization will be required to maximize rental income and property value.