REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

The Warburton Team Brokered By EXp

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

$949,000

Est. payment - /mo

5,401 Sqft Lot

Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV26017202

HOA Y/N No

Year Built 1923

Lot Size 5,401 Sqft

Property Sub-Type Triplex

Property Description

Exceptional opportunity to own an upgraded, income-producing triplex in a prime Los Angeles location offering immediate cash flow of $77,400 in yearly revenue, modern improvements, and long-term appreciation potential. This property has undergone extensive renovations completed in December 2021, including bright new flooring, updated bathrooms, refreshed interiors, and major system upgrades designed to reduce maintenance and attract quality tenants. Approximately three years ago the plumbing was upgraded to durable PEX throughout, providing long-lasting reliability and peace of mind for investors. All units feature modern finishes and appealing layouts, making this a true multi-unit asset with additional rental upside. The property is individually metered for electricity and gas, helping keep owner expenses low. Owner pays water only (approximately $800 every two months), while tenants cover other utilities. Ample parking is available with front parking for the front units and dedicated rear parking for the back unit, adding strong tenant appeal. Front Unit #1 is a spacious two-story 2-bedroom, 2-bathroom unit featuring significant electrical upgrades including a new 200-amp electrical panel and updated wiring. Front Unit #2 is a 1-bedroom, 1-bathroom unit with a new water heater installed June 2023 and modern interior finishes. Rear Unit #3 offers 2 bedrooms and 1 bathroom with upgraded flooring and private rear parking access. Ideally situated with easy access to major freeways, this property is just minutes from Downtown Los Angeles, USC, Exposition Park, museums, entertainment venues, LAX, and SoFi/Rams Stadium, making it highly attractive for tenants seeking convenience and connectivity. With recent renovations, modern infrastructure, low owner utility responsibility, strong rental demand, and clear upside potential, this triplex represents a rare investment opportunity perfect for both seasoned investors and those looking to expand their real estate portfolio.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Interior

Interior Features All Bedrooms Down

Fireplaces Type None

Fireplace No

Laundry Electric Dryer Hookup, Gas Dryer Hookup, In Carport

Exterior

Pool None

Community Features Curbs, Gutter(s)

Utilities Available Electricity Available

View Y/N No

View None

Total Parking Spaces 5

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 6013016022

Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Conventional, 1031 Exchange, FHA, VA Loan

Special Listing Condition Standard

Read Less Info

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Frank Parra Century 21 Masters 626-523-9158, DRE #01324312

NEARBY SCHOOL & BUSINESS

MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.

Payment

Schedule

Your mortgage payments over 30 years will add up to $0.

Get more info from a local expert!

Serving Southern California

Customized quick search tools to explore nearby zip codes, cities, and neighborhoods in your favorite destinations

There are 30 quick searches

Serving Arizona

Custom Quick Search Tools To Explore Nearby Zip Codes, Cities & Neighborhoods In Your Preferred Destinations

6530 Denver Los Angeles, CA 90044