631 S Evergreen Avenue, Los Angeles, CA 90023
- $599,000
- List Price
- $599,000
- Status
- ACTIVE
- MLS#
- PV26170643
- Year Built
- 1920
- Lot Size
- 7,508
- Acres
- 0.17
- Lot Location
- 16-20 Units/Acre
- Days on Market
- 1
- Property Type
- Multifamily
- Property Sub Type
- Triplex
- Stories
- One Level
Property Description
Some buildings you can read. This one has been in the same family since the 1990s, and they kept the receipts: $242,786 in repairs and improvements from 2011 through 2025, written out year by year. What that bought is a triplex that got taken care of instead of flipped. Copper repiping. New ABS sewer lines. Water heaters. Earthquake gas shutoff valves and smoke and CO detectors in all three units. A front wall on the back house rebuilt after termite damage. Foundation reinforcement, new windows, exterior prep and paint, and a 6 ft metal fence with two gates across the front. The roof predates 2010 and, per seller, has no history of leaks. In 2022, 633 got a full kitchen, laundry, and hall remodel: new cabinets, granite, sink and faucet, stove hood, flooring, and paint. Two of the three tenancies date to 2006, the third to 2014. Priced on what it collects today, not what it could. Three units at $3,658 a month under LA's RSO, well under what comparable Boyle Heights units are getting. Duplex in front, separate house in back, one story each. Each vacancy resets to market on its own timeline, and the 7,508 sq ft LAR2 lot is barely working. Downtown skyline off the block, minutes to the 5, 60, and 101. Buyer to verify rents, permits, square footage, unit configuration, and any development potential with the City.
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Additional Information
- Taxes
- $6,594
- Other Buildings
- Two On A Lot
- Appliances
- Gas Range, Range Hood, Water Heater
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- None
- Exterior Construction
- Stucco
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $43,896
- Operating Expense
- 19046
Listing courtesy of Listing Agent: Zoltan Peresztegi (zoltan@sellwithzoli.com) from Listing Office: Real Brokerage Technologies, I.
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