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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,400,000

Est. payment - /mo

4,504 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25252719

HOA Y/N No

Year Built 1916

Lot Size 4,504 Sqft

Property Sub-Type Triplex

Property Description

This renovated triplex is a rare turnkey investment opportunity in the established and desirable rental market of Highland Park. With significant upgrades, including new electrical, AC, cabinetry and all newer tenants, this property is ideal for cash flow on day one. Enjoy market rents without having to deal with relocation or holdover tenants, a rarity for the area. The property also features a great mix of one and two bedroom units, with each unit having access to their own private outdoor courtyard area. Located close by to Figueroa St and the Metro Gold Line, tenants have access to all that Highland Park has to offer with its bustling restaurants, shops, and nightlife. Easy access to Pasadena, Eagle Rock, Echo Park and DTLA is also a key reason rental demand has remained very high. As Highland Park continues to thrive, this property is well positioned to capitalize on the continued development of the overall area. This is truly a special property for investors who are interested in a stable passive income opportunity.

Location

State CA

County Los Angeles

Area 632 - Highland Park

Interior

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Parking Features Assigned

Pool None

Community Features Urban

Total Parking Spaces 1

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5469012016

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Alan Lu ALTC Realty 626-378-8007, DRE #01514595

NEARBY SCHOOL & BUSINESS

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309 N Avenue 50 Los Angeles, CA 90042