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Christopher Rubio-Novack

rubio.realestate@gmail.com +1(310) 467-7189

$ 1,325,000

Est. payment | -/mo

4 Beds

4 Baths

1,910 SqFt

Save

$ 1,325,000

Est. payment | -/mo

Save

4 Beds

4 Baths

1,910 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,910 sqft

Price per Sqft $693

MLS Listing ID 26847581

Bedrooms 4

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1917

Lot Size 7,379 Sqft

Property Description

Turnkey income-producing triplex in one of Northeast Los Angeles' most desirable rental markets. Located in the heart of Highland Park, this updated property generates $7,585 per month in current gross income ($91,020 annually) with upside to approximately $98,400 in annual market rents. The property consists of a studio unit, a 2-bedroom/1-bath unit, and a spacious 2-bedroom/2-bath unit. All three units have been extensively remodeled and feature custom-colored cabinetry, quartz countertops, luxury vinyl plank flooring, recessed lighting, stainless steel appliances, and energy-efficient mini-split heating and air conditioning systems. Each unit also includes its own laundry facilities, providing added convenience and tenant appeal. Situated on a large lot with favorable zoning and future ADU development potential (buyer to verify), the property offers both strong in-place cash flow and long-term value-add opportunities. A former garage has been converted to a carport parking space. Ideally positioned near York Boulevard, Figueroa Street, Pasadena, Downtown Los Angeles, Occidental College, and major transportation corridors, residents enjoy convenient access to Highland Park's renowned dining, coffee shops, nightlife, and cultural attractions. At the asking price, the property offers an approximate 6.24% current cap rate and 14.56 GRM based on existing rents, making it an attractive opportunity for investors, 1031 exchange buyers, and owner-users seeking long-term appreciation in one of Los Angeles' strongest rental submarkets. Please do not disturb tenants. Drive-by only. Offers subject to interior inspection. Buyer to independently verify all information, including zoning, development potential, rents, expenses, and square footage.

Location

State CA

County Los Angeles

Area 632 - Highland Park

Zoning LAR1

Interior

Heating Wall Furnace

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Refrigerator

Laundry Inside

Exterior

Parking Features Carport, On Street

Community Features Gated

View Y/N Yes

Roof Type Composition

Porch Front Porch

Total Parking Spaces 1

Building

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5469017025

Security Features Gated Community

Acceptable Financing Conventional, FHA, Fannie Mae, Freddie Mac

Listing Terms Conventional, FHA, Fannie Mae, Freddie Mac

Financing Conventional,FHA,VA

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Ruben Davis Ruben Davis #01796414

Nearby School & Business

+1(310) 467-7189

rubio.realestate@gmail.com

2603 Camino Ramon Suite 200, San Ramon, CA, 94583

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