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This Leimert Park triplex is a great opportunity for a building on an R-3 lot that backs to an alley. One unit will be delivered vacant, and the other two units have had recent 4% increase that is refelected in the rent rolls. The sellers have made many improvements, list upon request. The property's location near the new Crenshaw train line, public transportation, and local amenities like Leimert Park Village and Leimert Plaza Park make it an attractive location for an owner to live in one unit and collect rents from the other two units, or a fantastic investment opportunity, especially with its proximity to Downtown LA and USC. The recent updates include new flooring, fixtures, and kitchen upgrades, separate water heaters and meters. The grassy area in the back presents a wonderful opportunity for potential buyers to envision creating a private outdoor space for relaxation or gardening, adding even more value to the property. There is parking onsite, accessible from the alley or maybe an ADU, buyer to verify with City.
Property Type(s):
Residential Income
| Last Updated | 10/22/2024 | Year Built | 1944 |
|---|---|---|---|
| Community | Park Hills Heights | County | Los Angeles |
Price History
| Prior to Mar 30, '24 | $1,250,000 |
|---|---|
| Mar 30, '24 - Today | $1,265,000 |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Disposal |
| AREA | Park Hills Heights |
| GARAGE | Gated, Side by Side |
| HEAT | Floor Furnace, Natural Gas, Wall Furnace |
| INTERIOR | Ceiling Fan(s) |
| LOT | 4125 sq ft |
| PARKING | Gated,Side By Side |
| STORIES | 1 |
| STYLE | Traditional |
| VIEW | Yes |
| ZONING | LAR3 |
Location
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Listed with Compass
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