Exciting Investment Opportunity in East Los Angeles! Unlock the full potential of this cozy triplex, a true diamond in the rough, consisting of a single-family house and a duplex. This is an amazing opportunity for investors or buyers seeking to add their personal touch and maximize returns. Whether you're looking to live in one unit and rent out the other two, or lease all three units, the possibilities are there. The single-family house is a charming 3-bedroom, 1-bath bungalow, featuring a quaint front yard, a detached one-car garage, and additional parking for up to three more vehicles. The units in the duplex units are each 1 bedroom and 1 bath, with their own front yards, garages, and additional parking. One of the duplex units has recently been refreshed with fresh paint and new flooring, adding instant value. Situated in a prime East L.A. location, this property is just minutes away from Whittier Blvd, schools, shops, restaurants, and entertainment, ensuring high demand from potential tenants or future buyers.This is a great find with income potential and the perfect canvas for your next project. Come see it for yourself and imagine the possibilities!
Sold for $725,000
Listed by: Berkshire Hathaway HomeServices California Properties • Leonard Diaz • Contact: 626-676-5132
Bought with: Equity Smart Real Estate Services
$725,000
701 Leonard Ave, Los Angeles, CA 90022
5beds
3baths
2,470sqft
Triplex
Built in 1931
-- sqft lot
$716,700 Zestimate®
$294/sqft
$2,216 Estimated rent
Home value
$716,700
$645,000 - $796,000
$2,216/mo
Zestimate® history
Owner options
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$2,216/mo
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$2,216/mo
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$4,746/mo
Est. payment
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$4,746/mo
Est. payment
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List your homeWhat's special
Detached one-car garageOwn front yardsQuaint front yard
Zillow last checked:
Listing updated:
Listed by:
Leonard Diaz DRE #01943351 626-676-5132,
Berkshire Hathaway HomeServices California Properties
Bought with:
Hector Orozco, DRE #01922599
Equity Smart Real Estate Services
Gerardo Morales, DRE #01808861
Equity Smart Real Estate Services
Source: CRMLS,MLS#: P1-21394
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Rooms
- Room types: Living Room
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Inside
Features
- Flooring: Carpet, Laminate, Tile
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,470
- Total interior livable area: 2,470 sqft
Property
Parking
- Total spaces: 8
- Parking features: Concrete, Covered, Driveway, Garage, Shared Driveway, Side By Side
- Garage spaces: 3
Accessibility
- Accessibility features: Parking
Features
- Levels: One
- Stories: 1
- Pool features: None
- Spa features: None
- Fencing: Chain Link
- Has view: Yes
- View description: None
Lot
- Size: 7,479 Square Feet
- Features: Corner Lot, Sprinklers None
Details
- Parcel number: 6342033030
- Zoning: LCR305
- Special conditions: Standard,Trust
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow,Spanish
- Property subtype: Triplex
Materials
- Foundation: Raised
- Roof: Composition,Spanish Tile
Condition
- New construction: No
- Year built: 1931
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs
- Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
- Subdivision: Other
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $294/sqft
- Tax assessed value: $104,719
- Annual tax amount: $3,292
- Date on market: 3/23/2025
- Cumulative days on market: 12 days
- Listing terms: Cash to New Loan
- Total actual rent: 2000
Price history
| Date | Event | Price |
|---|---|---|
| 5/2/2025 | Sold | $725,000+6.8%$294/sqft |
Source:  CRMLS #P1-21394 Report a problem | ||
| 4/6/2025 | Pending sale | $679,000$275/sqft |
Source: CRMLS #P1-21394 Report a problem | ||
| 3/24/2025 | Listed for sale | $679,000$275/sqft |
Source: CRMLS #P1-21394 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,292 +8.1% | $104,719 +2% |
| 2024 | $3,046 +9.5% | $102,666 +2% |
| 2023 | $2,782 +2.2% | $100,654 +2% |
| 2022 | $2,722 +2.6% | $98,682 +2% |
| 2021 | $2,653 +0.5% | $96,748 +1% |
| 2020 | $2,639 | $95,757 +2% |
| 2019 | $2,639 +4.6% | $93,881 +2% |
| 2018 | $2,524 | $92,041 +2% |
| 2017 | $2,524 +1.6% | $90,237 +2% |
| 2016 | $2,485 +2.8% | $88,468 +1.5% |
| 2015 | $2,418 +3.4% | $87,140 +2% |
| 2014 | $2,339 | $85,434 +2.5% |
| 2012 | -- | $83,382 +2% |
| 2011 | -- | $81,748 +0.8% |
| 2010 | -- | $81,138 -0.2% |
| 2009 | -- | $81,332 +2% |
| 2008 | -- | $79,738 +4% |
| 2005 | -- | $76,644 +4% |
| 2004 | -- | $73,670 +75.6% |
| 2003 | -- | $41,949 +2% |
| 2002 | -- | $41,127 +4% |
| 2000 | -- | $39,532 |
Find assessor info on the county website
Neighborhood: 90022
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Nearby schools
GreatSchools rating
- 6/10Joseph A. Gascon Elementary SchoolGrades: K-5Distance: 0.1 mi
- 5/10Eastmont Intermediate SchoolGrades: 6-8Distance: 0.3 mi
- 6/10Schurr High SchoolGrades: 9-12Distance: 1.3 mi
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Estimated market value
$716,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$716,700
- California
- Los Angeles County
- East Los Angeles
- 90022
- 701 Leonard Ave
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