This Boyle Heights triplex presents a rare and versatile investment opportunity with multiple paths for income growth and future development. The property is currently configured with a duplex at the front of the lot and a spacious detached unit at the rear, creating the perfect setup for an owner-occupant to… Read More live in the private back unit while generating rental income from the front units, both of which have been well maintained and upgraded over time. Investors also have the option to lease all three units and capitalize on strong rental upside with significant pro-forma potential and long-term ROI. Situated on an expansive 13,313 sq. ft. lot (approximately 0.3 acres) with desirable LARD1.5 zoning, the property offers exceptional redevelopment potential, allowing for up to 8 buildable units on the parcel (Buyer to verify all information). With larger multi-unit and multi-story developments already established along the same street, the groundwork for increased density and enhanced income potential has already been set. All three units feature 2 bedrooms and 1 bathroom, with separate gas and electric meters, as well as individual water heaters for each unit. The owner’s unit includes a dedicated laundry room, while exterior laundry is available for the duplex units. Over the years, the property has seen various upgrades, including newer laminate flooring throughout, a newer roof on the rear owner’s unit, and a remodeled bathroom in the detached unit. A long driveway running alongside and in front of the property provides ample parking for residents and guests alike. Conveniently located near major freeways and offering easy access to all parts of Los Angeles, this property combines immediate cash-flow opportunity with substantial long-term land value and redevelopment potential. Read Less
Property listed by eXp Realty of Southern California, Jesus Laurean-Flores 310-259-7556
Listing Snapshot
Days Online
21
Last Updated
Property Type
Triplex
Lot Size
0.31 Acres
Year Built
1942
MLS Number
IG26112206
Additional Details
Building
Built in 1942, 2 buildings, 1 storey, Levels: One, Entry level: 1, Entry location: 1
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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