Turnkey income-producing triplex in one of Northeast Los Angeles' most desirable rental markets. Located in the heart of Highland Park, this updated property generates $7,585 per month in current gross income ($91,020 annually) with upside to approximately $98,400 in annual market rents. The property consists of a studio unit, a… Read More 2-bedroom/1-bath unit, and a spacious 2-bedroom/2-bath unit. All three units have been extensively remodeled and feature custom-colored cabinetry, quartz countertops, luxury vinyl plank flooring, recessed lighting, stainless steel appliances, and energy-efficient mini-split heating and air conditioning systems. Each unit also includes its own laundry facilities, providing added convenience and tenant appeal. Situated on a large lot with favorable zoning and future ADU development potential (buyer to verify), the property offers both strong in-place cash flow and long-term value-add opportunities. A former garage has been converted to a carport parking space. Ideally positioned near York Boulevard, Figueroa Street, Pasadena, Downtown Los Angeles, Occidental College, and major transportation corridors, residents enjoy convenient access to Highland Park's renowned dining, coffee shops, nightlife, and cultural attractions. At the asking price, the property offers an approximate 6.24% current cap rate and 14.56 GRM based on existing rents, making it an attractive opportunity for investors, 1031 exchange buyers, and owner-users seeking long-term appreciation in one of Los Angeles' strongest rental submarkets. Please do not disturb tenants. Drive-by only. Offers subject to interior inspection. Buyer to independently verify all information, including zoning, development potential, rents, expenses, and square footage. Read Less
Property listed by Ruben Davis, Ruben Davis 310-259-7556
Listing Snapshot
Days Online
4
Last Updated
Beds
4
Square Ft.
1,910
Lot Size
0.17 Acres
Year Built
1917
MLS Number
26847581
Additional Details
Appliances & Equipment
Dishwasher, Refrigerator
Building
Built in 1917, Living area: 1910.0, 1 building, Levels: MultiSplit
Community
Gated
Expenses
Maintenance: $200, Water/Sewer: $6,047
Exterior Features
Patio/Porch Features: FrontPorch
Fireplaces
None
Heating
WallFurnace
Income
Gross Income: $91,020, Net Operating Income: $82,706
Laundry
Inside
Lot
0.1694 acres
Parking
1 open parking spaces, 1 total parking spaces, Carport, OnStreet
Property
UpdatedRemodeled
Roof
Composition
Security Features
GatedCommunity
Taxes
Parcel Number: 5469017025, Zoning: LAR1
Find The Perfect Home
'VIP' Listing Search
Join our email list to have access to the best off market listings in Los Angeles.
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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
Michael Harby
or message me directly
Find My Dream Home
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.
Import This Listing
Import Completed
To view your listing, click one of the options below.
