$1,300,000

Estimated payment $7,881/month

Total Views 377
6 Beds
4 Baths
3,024 Sq Ft
$430 Price per Sq Ft

Highlights

  • City Lights View
  • High Ceiling
  • Cooling System Mounted To A Wall/Window
  • Victorian Architecture
  • No HOA
  • Laundry Room

About This Home

Discover an outstanding triplex income property at 1037 Alpine Street, nestled in highly sought-after Los Angeles Echo Park/ Victor Heights area. This unique investment offers two 1 bed, 1 bath Units in the front and a separate 4 bed, 2 bath units in the back with 4 single parking garages. Income Potential: With three units, this property presents an excellent opportunity to generate substantial rental income, making it an investor's dream or a homeowner's savvy investment. Both units includes an expansive basement and a peaceful center courtyard surround by tall trees. Property is zoned as C1 with potential for mix-use commercial and residential use. Location: Enjoy unparalleled convenience with trendy restaurants, cultural attractions, premier shopping centers, and entertainment options all within easy reach. This prime location places you near iconic landmarks such as Dodger Stadium, Echo Park, and the vibrant Chinatown district. Walking distance to the famous East Side Italian Deli and upcoming Alpine Bungalow with it's new shops and businesses. Don't miss out on this rare find! Seize the opportunity at 1037 Alpine Street in prime Los Angeles.

Listing Agent

Chih-Wei Hu

KW Executive Brokerage Phone: 310-308-7490 License #02072979 Listed on: 08/07/2025

KW Executive

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,161

Year Built

  • Built in 1900 | Remodeled

Lot Details

  • 7,434 Sq Ft Lot
  • 1 Common Wall
  • Wire Fence
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Front Facing Garage
  • Side Facing Garage
  • Single Garage Door

Home Design

  • Triplex
  • Victorian Architecture
  • Cosmetic Repairs Needed
  • Shingle Roof

Interior Spaces

  • 3,024 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Living Room with Fireplace
  • City Lights Views
  • Sump Pump
  • Window Bars
  • Gas and Electric Range
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 91
  • Tax Tract Number 12
  • Assessor Parcel Number 5406027012

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,400
  • Insurance Expense $2,800
  • Professional Management Expense $3,600
  • Water Sewer Expense $2,700
  • New Taxes Expense $19,200
  • Operating Expense $30,700
  • Gross Income $104,400
  • Net Operating Income $737,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,161

Year Built

Built in 1900 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Price Per Unit: 433333
  • Professional Management Expense: 3600.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Window Bars
  • View: Yes
  • Water Sewer Expenses: 2700.00
  • Zoning: LAC1
  • Architectural Style: Victorian
  • Property Condition: Repairs Cosmetic, Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 5406027012
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: High Ceilings
  • Stories: 2
  • Entry Location: Stree
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 429.89

Exterior Features

  • Exterior Features: Sump Pump
  • View: City Lights
  • Fence: Yes
  • Fencing: Wire
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Front, Garage Faces Side, Garage - Single Door
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas & Electric Range, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7434.00
  • Lot Size Acres: 0.1707

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 104400.00
  • Gross Scheduled Income: 104400.00
  • Insurance Expense: 2800.00
  • Lot Size Area: 7434.0000 Square Feet
  • Net Operating Income: 737000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Number Wall A C: 3
  • Operating Expense: 30700.00
  • Rent Control: Yes
  • Total Actual Rent: 3450.00
  • Total Expenses: 30700.00

Tax Info

  • New Taxes Expense: 19200.00
  • Tax Census Tract: 1977.00
  • Tax Lot: 91
  • Tax Tract Number: 012

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,161 $735,505 $514,856 $220,649
2024 $9,161 $721,084 $504,761 $216,323
2023 $8,990 $706,946 $494,864 $212,082
2022 $8,581 $693,085 $485,161 $207,924
2021 $8,466 $679,497 $475,649 $203,848
2020 $8,547 $672,530 $470,772 $201,758
2019 $8,218 $659,344 $461,542 $197,802
2018 $8,109 $646,417 $452,493 $193,924
2016 $7,734 $621,318 $434,923 $186,395
2015 $7,624 $611,987 $428,391 $183,596
2014 $7,665 $600,000 $420,000 $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2025 08/07/25 For Sale $1,300,000 0.0% $430 / Sq Ft
08/15/2022 08/15/22 Rented $2,400 0.0% --
07/25/2022 07/25/22 Price Changed $2,400 -4.0% $3 / Sq Ft
07/14/2022 07/14/22 Price Changed $2,500 -9.1% $3 / Sq Ft
07/05/2022 07/05/22 For Rent $2,750 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Commonwealth Land Title Co
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS25178513

California Regional Multiple Listing Service (CRMLS)

APN: 5406-027-012