138 S Alma Ave, Los Angeles, CA 90063

7 beds4 baths2,314 sqft

For Sale
Zestimate®: $465,743
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My Notes

RECENTLY RENOVATED GOOD CONDITION and PRICE REDUCTION! Very high cash flow! Do not miss this opportunity! Live in one and collect rent to cover mortgage. Rent is way below market, great potential to increase rent. All tenants have been there longer than the owner owns the building- at least 12 years. Title profile shows 2 units, 7 beds and 4 bath but the property has been divided into 3 units plus one of the two garages conversion long time ago with unknown permitted or not. Current rent roll is First Floor 138-A, 2 bed 1 bath rented $900, 138-B, 2bed 1bath rented $780. 2nd floor is 4 bed 2 bath rented $1160, additional income from garage conversion 2 bed 1 bath (UPGRADED CONDITION) rented $685, total rental income $3,525. A lot of room to increase rent. Walk 30 seconds to High School. Only one block from Metro Link station. Very convenient location. Easy access to Fwy 60, 710 and 10. No rent control per owner.  More Less 


  • Lot: 6,577 sqft
  • Multi Family
  • Built in 1914
  • 263 days on Zillow
  • Heating: Other
  • Last sold: Jan 2003 for $316,000
  • Price/sqft: $224
  • MLS #: WS14120489


  • Flooring: Other
  • Parking: 5 spaces


    • Exterior material: Other
    • Roof type: Other
    • Stories: 1
    • Structure type: Other
    • Unit count: 3


    • Floor size: 2,314 sqft
    • Heating: None
    • Last remodel year: 1973
    • Lot depth: 133
    • Lot width: 50
    • Parcel #: 5232019037
    • Zillow Home ID: 20648914

    Zestimate Details

    A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

    The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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    +$5,005 Last 30 days
    Zestimate range
    Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

    The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
    -$143 Last 30 days
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    Comparable Homes

    Homes like this sold for $368-525K.


    Popularity on Zillow

    1,954 views since listing
    2,004 all-time (chart)
    14 shoppers saved
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    Market guide

    Zillow predicts 90063 home values will increase 1.2% next year, compared to a 0.7% rise for East Los Angeles as a whole. Among 90063 homes, this home is 60.1% more expensive than the midpoint (median) home, but is priced 26.6% less per square foot.

    Foreclosures will be a factor impacting home values in the next several years. In 90063, the number of foreclosures waiting to be sold is 15% higher than in East Los Angeles, and 47.9% higher than the national average. This higher local number may prevent 90063 home values from rising as quickly as other regions in East Los Angeles.

    Learn more about forecast calculations or 90063 home values.
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      Nearby Schools in East Los Angeles

      GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

      Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

      Data by GreatSchools.org