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Listed by Rebecca Alvarado • Berkshire Hathaway Home Servic
$ 1,080,000
Est. payment | /mo
2,830 SqFt
$ 1,080,000
Est. payment | /mo
2,830 SqFt
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,830 sqft
Price per Sqft $381
MLS Listing ID CRP1-20016
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1923
Lot Size 5,392 Sqft
Property Sub-Type Triplex
Property Description
Nestled in the vibrant community of Highland Park, this triplex offers an outstanding investment opportunity in one of Los Angeles' most dynamic neighborhoods. Generating almost $6420 in monthly income before expenses, the property features a unit mix of one spacious 2-bedroom (there is an additional room being used as a 3rd bedroom), 1-bath unit and two comfortable 2-bedroom, 1-bath units, catering to a variety of tenants. Each unit is individually metered and equipped with its own water heater and washer/dryer hookups, ensuring tenant convenience and keeping utility costs low for the owner.The property also offers plenty of off-street parking and is ideally situated near markets, schools, and bus lines, making it attractive to an assortment of tenants. Residents enjoy easy access to local hotspots like York Boulevard and Figueroa Street, where trendy restaurants, coffee shops, and boutique stores abound. Proximity to public transportation and major freeways ensures seamless commutes to Downtown LA and beyond, while the neighborhood's streets and artistic vibe continue to draw long-term tenants. This property combines immediate rental income with the promise of future growth in a thriving market.
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Fireplace No
Appliance Gas Water Heater
Laundry Gas Dryer Hookup, Other
Building
Lot Description Other
Water Public
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Adam Shoop
Broker Associate at Exp Realty | Lic# 1782227