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

$749,000

Est. payment - /mo

6 Beds

3 Baths

2,250 SqFt

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Open House

Sat Jun 06, 1:00pm - 4:00pm

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,250 sqft

Price per Sqft $332

MLS Listing ID IG26111674

Bedrooms 6

Full Baths 3

HOA Y/N No

Year Built 1942

Lot Size 0.306 Acres

Property Sub-Type Triplex

Property Description

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 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.

Location

State CA

County Los Angeles

Area Boyh - Boyle Heights

Rooms

Main Level Bedrooms 6

Interior

Interior Features All Bedrooms Down

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Inclusions see remarks

Fireplace No

Laundry Laundry Room, Outside

Exterior

Pool None

Community Features Suburban, Sidewalks

View Y/N Yes

View Neighborhood

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type Triplex

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5186016011

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

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Listed by Jesus Laurean-Flores eXp Realty of Southern California 213-572-9867, DRE #02148204

NEARBY SCHOOL & BUSINESS

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729 S Bernal Los Angeles, CA 90023