An excellent investment or house-hacking opportunity in LA's hottest neighborhood, Highland Park. Located just moments from the prime intersection of York and Figueroa and the Arroyo, this character 1940's triplex consists of three attached, well-proportioned 2-bedroom, 1-bathroom units, totaling 2,454 square feet of interior living space, plus a separate 3-car… Read More garage with two laundry closets. The property is situated on an expansive 7,527-square-foot professionally landscaped corner lot, providing an unusual amount of privacy and space for a dense urban submarket. Each individual unit features a comfortable living room, dining area, original hardwood floors, sizeable bedrooms, a dedicated private outdoor space (one unit has a lawn), and its own garage. Gas and electricity are separately metered for each unit. Positioned for strong rental demand, residents enjoy immediate proximity to the neighborhood's trendiest boutique shopping, dining, and entertainment, along with effortless commuting via the nearby Metro A Line (formerly Gold Line) station and the 110 freeway. Perfect for an owner-user looking to utilize residential financing while letting tenant income offset the mortgage, or for a seasoned investor looking to capture strong market rents and build equity in one of Northeast Los Angeles' most competitive zip codes. All tenants are month-to-month (all units are tenant-occupied), with strong upside potential in rents. Check with your contractor about the possibility of adding an ADU or other potential development. Roofs were recently replaced. Read Less
Property listed by Coldwell Banker Realty, Ross Carter 310-259-7556
Listing Snapshot
Days Online
20
Last Updated
Beds
6
Square Ft.
2,454
Lot Size
0.17 Acres
Year Built
1947
MLS Number
26839947
Additional Details
Appliances & Equipment
Disposal, Oven, Refrigerator, Dryer, Washer
Building
Built in 1947, Living area: 2454.0, 2 buildings, 1 storey, Levels: One
Cooling
WallWindowUnits
Exterior Features
Patio/Porch Features: Open, Patio
Fireplaces
None
Floors
Laminate, Tile, Wood
Heating
FloorFurnace, WallFurnace
Laundry
LaundryCloset, InGarage
Lot
0.1722 acres, BackYard, Lawn, Landscaped
Parking
3 open parking spaces, 5 total parking spaces, Driveway, Garage
Pool
None
Roof
Composition
Sewer
SewerTapPaid
Taxes
Parcel Number: 5493032001, Zoning: LARD2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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