309 N Avenue 50, Los Angeles, CA 90042
309 N Avenue 50, Los Angeles, CA 90042
309 N Avenue 50, Los Angeles, CA 90042
31
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Listed by Alan Lu, DRE #01514595 • ALTC Realty
$1,390,000
Est. payment /mo
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4,503 Sqft Lot
Price Dropped by $10K

309 N Avenue 50 Los Angeles, CA 90042

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Adrian Chu

Adrian Chu

+1(206) 407-5452

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRAR25252719

Year Built 1916

Lot Size 4,503 Sqft

Property Sub-Type Triplex

Source California Regional MLS

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

Laundry Gas Hookup, 30

Exterior

Parking Features Assigned Spaces

Garage Spaces 1.0

Pool None

Building

Story One Story

Water District - Public

Others

Tax ID 5469012016

Special Listing Condition Not Applicable

MLS Listing IDX PLUS
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Adrian Chu

Adrian Chu

Founder & CEO

+1(206) 407-5452

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309 N Avenue 50