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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 Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,830 sqft
Price per Sqft $381
MLS Listing ID P1-20016
Year Built 1923
Lot Size 5,392 Sqft
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 $6175 in monthly income before expenses, the property features a unit mix of one spacious 3-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.
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
Cooling None
Fireplaces Type None
Laundry Gas Dryer Hookup, Washer Hookup
Exterior
Garage Driveway Level, Shared Driveway, Tandem Uncovered, Assigned, Concrete, Driveway
Pool None
Community Features Sidewalks
View Y/N Yes
Building
Lot Description Sprinklers None
Sewer Sewer Paid
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Darren Humphrey
Partner | Lic# DRE 01724424