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Exceptional Triplex Opportunity Near Downtown LA Perfect for Investors, Developers and First-Time Homebuyers! Welcome to a unique property just west of Downtown Los Angeles, ideal for owner-users and investors alike! This triplex offers the perfect blend of comfortable living and lucrative rental potential. Property Highlights:- **Spacious Living**: The property features two separate buildings totaling **3,388 square feet** of living space, situated on a generous **4,556 square foot lot**.- **Zoned for Development**: The property is zoned R2 and qualifies for **TOC Tier 1 benefits**, opening doors for potential future development and an attractive prospect for savvy investors.- **Stable Income**: With all tenants currently in place, this triplex has proven to be a stable investment; all tenants have consistently paid their rents throughout the pandemic. Prime Location:- Just **2 miles east of Downtown LA** and **2 miles north of USC**, this property offers an enviable location that is both accessible and vibrant.- **Centrally Located**: Convenient access to public transit, shopping, trendy dining, and excellent schools makes this an ideal locale for tenants, ensuring lower vacancy rates and high demand. Ideal for Investors This triplex is a great fit for anyone looking for a **stabilized asset** or a safe **1031-exchange replacement**. Its strong rental history and strategic location make it a wise investment move. Affordable Financing Options: We welcome FHA, VA, and first-time home buyer programs! Don't miss this opportunity to make a strategic investment or become a homeowner in one of LA's most dynamic neighborhoods. Seize the chance to own a piece of prime real estate near Downtown LA today! Whether you're an investor looking for a reliable income source or a first-time homebuyer looking to break into the real estate market, this triplex is waiting for you.
Property Type(s):
Residential Income
| Last Updated | 11/14/2024 | Year Built | 1915 |
|---|---|---|---|
| Community | Mid Los Angeles | County | Los Angeles |
Price History
| Prior to Nov 5, '24 | $1,199,000 |
|---|---|
| Nov 5, '24 - Nov 14, '24 | $1,100,000 |
| Nov 14, '24 - Today | $1,050,000 |
Additional Details
| AIR | None |
|---|---|
| AREA | Mid Los Angeles |
| GARAGE | None |
| HEAT | Wall Furnace |
| LOT | 5171 sq ft |
| PARKING | None |
| ZONING | LAR2 |
Location
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Listed with Coldwell Banker Realty
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2024.
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