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$ 1,300,000
Est. payment | /mo
5 Beds
2 Baths
3,036 SqFt
$ 1,300,000
Est. payment | /mo
5 Beds
2 Baths
3,036 SqFt
Key Details
Property Type Townhouse
Sub Type Townhome
Listing Status Active
Purchase Type For Sale
Square Footage 3,036 sqft
Price per Sqft $428
MLS Listing ID PW26163177
Bedrooms 5
Full Baths 2
Year Built 1910
Lot Size 7,003 Sqft
Property Sub-Type Townhome
Property Description
Investor's Opportunity in Prime Mid-City Los Angeles! This well-maintained triplex presents an outstanding investment opportunity in one of Los Angeles' most desirable rental markets, just minutes from Koreatown, Downtown LA, USC, shopping, dining, schools, public transportation, and major freeways. Originally configured as a duplex, the property has been divided into three separate units, offering excellent rental income potential. The property features a desirable unit mix with two spacious 3-bedroom, 2-bath units in the front building and one 2-bedroom, 2-bath unit in the rear. It is currently generating approximately $5,000 per month in rental income, with tremendous upside potential. A spacious upstairs 3-bedroom, 2-bath unit is currently vacant, providing an excellent opportunity for an owner-user to move in immediately or for an investor to lease at current market rent and significantly increase cash flow. Some photos have been virtually staged to illustrate the property's potential. No physical furniture is included. Additional amenities include on-site laundry, ample rear parking, and a functional layout that appeals to long-term tenants. With strong income potential, an excellent location, and long-term appreciation opportunities, this property is ideal for both investors and owner-users looking to build wealth in the heart of Los Angeles. The property is located on a wide and clean street. Do not disturb tenants. Drive-by only.
Location
State CA
County Los Angeles
Direction From Koreatown: South on Western Ave, W on Venice Blvd, S on Van Ness Ave. Property on the east side of Van Ness Ave.
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N Yes
Water Access Desc Public
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Senior Community No
Tax ID 5073021011
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Sophia Chang, DRE#02029179 New Star Realty & Investment
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